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EURAUD: Symmetrical triangle

Bearish: Currently we are at 1.6295 is a symmetrical triangle. We are looking to break to the downside to the ATR Target @ 1.6201 and then a continuation to the trend bottom @ 1.6133. WATCH THE USDX for more clues. The ATR is 101 Pips per day.

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This is what I see in the Forex the week of October 12 , 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We are anticipating the continuation of the down move. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly down from last week.

Please note: Monday is a USA holiday – ProAct Traders is closed

$EURUS

ProAct Traders See: Bullish: We are currently @ 1.008 in the start of a channel to the upside. We are looking to continue to the 0.786 Fibo @ 1.1170. We have convergence on the 60-min MAC. The overall target is 1.1243. Watch the USDX for direction. The ATR for the pair currently is only 56 pips.

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

EURJPY – 2 SCENARIOS

Waiting: Two scenarios: Bullish: a move to the former top @ 120.00 area) 2: Bearish: A break down here to the 117.00 area. The average daily true range (ATR) for the pair currently is 65 pips with a 180-day ATR of 73 Pips

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EURUSD – Back to the bottom?

Bearish: Currently we are @1.0977 in a range. We are looking to continue to the Day chart bottom @ 1.0863. Watch for the reaction there back to the range bottom or a break out to the 1.270 Fibo @ 1.0736. The 14-day ATR (Average True Range) is 57 Pips with a 180-day ATR of 56 Pips.

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EURNZD – Back to the top?

Bullish: Currently we are @1.7457 in a range. We are looking for a pullback and then to continue to the ATR target @ 1.7494 and then to the Day chart top @ 1.7575. Watch for the reaction there back to the range bottom. The 14-day ATR (Average True Range) is 121 Pips with a 180-day ATR of 111 Pips.

 

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This is what I see in the Forex the week of October 6 , 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We have potential convergence on the 60-minute MACD (inset) for the continuation of the down move and after a double top. Don’t rule out the bounce on the Slope support! We are anticipating the down move. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly up (except EURUSD) from last week.

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

EURAUD – Reversal?

Bearish: Currently we are @1.6305 in a range. We are looking to continue to the ATR target @ 1.6226 and then to the 0.618 Fibo @ 1.6203. Watch for the Bounce there to resume the up move or a continuation to the range bottom. The 14-day ATR (Average True Range) is 111Pips with a 180-day ATR of 102 Pips.

 

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GBPAUD – Reversal?

Bearish: Currently we are @1.8348 in a range with a top in place. We are looking to continue to the ATR target @ 1.8223 and then to the 0.786 Fibo @ 1.8149. The 14-day ATR (Average True Range) is 140Pips with a 180-day ATR of 152 Pips.

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GBPJPY – Trend continuation?

Bearish: Currently we are @132.62 in a 3rd wave. We are looking to continue to the ATR target @ 132.62 and then to the square up @ 131.50. The 14-day ATR (Average True Range) is 121 Pips with a 180-day ATR of 118 Pips.

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GBPAUD – channel continuation?

Bearish: Currently we are @1.8213 in a Big Range. We are looking to continue the channel to the ATR target @ 1.8123 and then to the channel bottom @ 1.8106. The 14-day ATR (Average True Range) is 145 Pips with a 180-day ATR of 153 Pips.

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