This is what I see the week of December 2nd, 2018: USDX, EU,UJ,GU,AU

Note: USDX is bullish but in a tight range.We have Convergence for a continuation to the upside.Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady except for the GBPUSD which has jumped 30 pips a day!

$EURUSD

What ProAct Traders See: Bearish: We are in a range and are looking for a continuation to the 1.1322 area.We are looking for a continuation to the range bottom @ 1.2000.Watch the USDX for direction. The ATR for the the pair currently is 84 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 113.51 in a range. We are looking for a continuation to the day chart top @ 114.45 and then a possible continuation to the 1.270 Fibo @ 114.75. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 113.51 in a range and are looking for a continuation to the 1.2618 area.Watch for a possible continuation to the 1.270 Fibo @ 1.2544.Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 132 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:Bearish:We are currently sitting @ 113.51 in a range. We are looking for a continuation to the square up @ 0.7110 bounce and then continue to the range bottom @ 0.7020. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 66 pips.


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Posted to Introduction to Forex Tar... on Dec 01, 2018 — 11:12 AM

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