This is what I see in the Forex the week of June 26th, 2022: USDX, EU,UJ,GU,AU
Jun 25, 2022
Note: USDX: Bearish – We are looking to continue this down movement, but we are in a very tight range so it is all up for grabs.. The USD pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!
#EURUSD
What ProAct Traders See: Bullish: We are currently @ 1.0555 in the bottom of a channel which is bullish. With USDX potentially down, we are looking for a continuation to the S5 @ 1.0737. Watch for a reaction there. Watch the USDX for reversal and direction. The ATR for the pair currently is 113 pips.
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#USDJPY
What ProAct Traders See: Bearish: We are currently @ 135.20 in a channel. We are also in a Symmetrical Triangle. IF, we break the slope support, we are looking for a move to the S5 @ 132.95. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 176 pips.
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#GBPUSD
What ProAct Traders See: Bullish: We are currently @ 1.2273 in a channel in a very tight range. If we can break the 1.2321 are looking for a move to the R6 @ 1.2544. Watch the USDX for direction. The average daily true range (ATR) for the pair is 168 pips.
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#AUDUSD
What ProAct Traders See: Bullish: We are currently @ 0.6943. We expect a move to the R3 @ 0.7013 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 99 pips.
CAUTION IS URGED - TRADE WITH STOPS!!!!!
