This is what I see in the Forex the week of April 20th , 2019: USDX, EU,UJ,GU,AU

Note: USDX is the top of a range.We are waiting. MACD is inconclusive at this time – just a little early. Below the 97.754 area we are bearish and above 98.054 we are tentatively bullish. 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 mostly lower from last week.

$EURUSD

What ProAct Traders See: Waiting: We are currently @ 1.1243. A couple of different scenarios:1:Bullish: a break above 1.1300 look for a move back to the range top @ 1.1400-50. 2: Bearish:a break below 1.1226 would most likely target the @ 1.1184 range bottom. We could get a break down of the range to the 1.270 Fibo @ 1.1113.Watch the USDX for direction. The ATR for the the pair currently is 47 pips.

Posted to Introduction to Forex Tar... on Apr 20, 2019 — 10:04 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
  • {[comment.author.username]} — Marketfy Staff — Maven — Member
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
         
Great weekly analysis, very useful and educational.
See All Reviews →