This is what I see in the Forex the week of April 14th , 2019: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$$ #Proacttraders #FX

Note: USDX is in a range.We are waiting. MACD is inconclusive at this time – just a little early but they have the start of a channel to the downside. Watch the reaction @ the 97.020 area for either a continuance or reversal as that is equilibrium.I will show both possibilities below. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are all lower from last week.

$EURUSD

What ProAct Traders See: Waiting: We are currently @ 1.1316 At the Day chart slope resistance. A couple of different scenarios:1:Bullish: a break above 1.1316 look for a move back to the range top @ 1.1450. 2: Bearish:a break below 1.1274 and out of the Symmetrical triangle would most likely target the @ 1.1184 range bottom. We could get a break down of the range to the 1.270 Fibo 2 1.1113.Watch the USDX for direction. The ATR for the the pair currently is 45 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 112.03. Waiting:A couple of different scenarios:1:Bullish: a break above 112.09 look for a move back to the 1.618 fibo @ 113.12. 2: Bearish:A reversal here here would most likely target the 0.500 fibo @ 110.76 ( also equilibrium) and then possibly the range bottom.

Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 51 pips.

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$GBPUSD

What ProAct Traders See:We are currently @ 1.3071.Bearish to bullish: A couple of different scenarios:1: Bearish:We are looking for possibly one more move to the range bottom @ 1.2979 IF we break the symmetrical triangle down ( also a continuation here would target the 1.270 Fibo @ 1.2884 2: Bullish: a move out of the triangle and above 1.3133 look for a move back to the range top @ 1.3302. Watch the USDX for direction. The average daily true range (ATR) for the pair is 108 pips.

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

What ProAct Traders See:We are currently sitting @ 0.7174 at the top of a tight range. A couple of different scenarios:1:Bullish: a move above 0.7200 look for a move to the larger range top @ 0.7250. 2: Bearish:A reversal here would most likely target the 0.786 Fibo @ 0.7059 and then back to the range top. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 50 pips.

Posted to Introduction to Forex Tar... on Apr 12, 2019 — 5:04 PM

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Great weekly analysis, very useful and educational.
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