GBPNZD rising wedge breakout

Bearish: We are currently @ 2.0040 trying to break out of the rising wedge. IF we break, are looking for a continuation to the ATR target @ 1.9811. Watch for a hard bounce there. Below today's target there is a huge opportunity if we can navigate through it. Watch the USDX for direction. The ATR for the pair currently is 169 pips per day.



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EURJPY Breakout

Bearish: We are currently @ 125.99 after a Flag break out. We are looking for a continuation to the ATR target @ 125.21. Watch for a hard bounce on the channel. Watch the USDX for direction. The ATR for the ...

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This is what I see in the Forex the week of August 16th , 2020:

This is what I see in the Forex the week of August 16th , 2020: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$$ #Proacttraders #FX



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AUDUSD Breakout

Bullish: We are currently @ 0.7167 after a channel break out. We are looking for a continuation to the ATR target @ 0.7231 and then possible continue to the resistance @ 0.7250. Watch the USDX for direction. The ATR for ...

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GBPNZD Breakout

Bearish: We are currently @ 1.9884 breaking slope support. We are looking for a continuation to the ATR target @ 1.9682 and then possible continue to the support @ 1.9628. Watch the USDX for direction. The ATR for the pair ...

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GBPUSD channel continuation

Bullish: We are currently @ 1.3118 after the channel bounce. We have convergence for the upside move on the 60-minute chart. We are looking for a continuation to the ATR target @ 1.3188 and then possible continue to the 2.270 ...

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EURUSD range trade

Bearish: We are currently @ 1.1762 after topping out. We have convergence for the downside move on the 60-minute chart. We are looking for a continuation to the 0.382 Fibo @ 1.1698 for a possible bounce point to range. A ...

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This is what I see in the Forex the week of August 9th , 2020: USDX, EU,UJ,GU,AU

This is what I see in the Forex the week of August 9th , 2020: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$ #Proacttraders #FX


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GBPUSD reversal

Bearish: We are currently @ 1.3155 ending a 3rd wave up. We have divergence for the downside move on the 60-minute chart. We are looking for a Breakout and a continuation to the ATR target @ 1.3007-0 area and then ...

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EURNZD 3rd wave finale

Bullish: We are currently @ 1.7835 in a 3rd wave. We have convergence for the upside move on the 60-minute chart. We have the start of convergence for the downside move on the 240-minute chart. We are looking for a ...

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GBPJPY Breakout

Bearish: We are currently @ 138.10 after a breakout. We have the start of convergence for the downside move on the 60-minute chart. We are looking for a continuation to the ATR target @ 137.42 and maybe the 0.500 Fibo ...

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EURUSD 4th wave continuation

Bearish: We are currently @ 1.1725 after a 3rd wave. We have convergence for the downside move on the 60-minute chart. We are looking for an a-b-c continuation to the 0.500 Fibo @ 1.1538 for a possible reversal point. Watch ...

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Great weekly analysis, very useful and educational.
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