Note: USDX is barely BULLISH (for now) but appears to be topping out. If so (?) this move up will be the head of a head and shoulders reversal pattern. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased for only a few pairs.

$EURUSD

What ProAct Traders See: Bullish eventually: We are currently sitting @ 1.1656 at a day chart support.We in a range and are looking for a finish at the day chart support/range bottom @ 1.1554 and then a bounce to the square up @ 1.1920.A move below 1.1500 would signal a continuation to the 1.1287 area. The average daily true range (ATR) for the pair currently is 95 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 109.40 in a 2 wave and in a correction. We are looking to finish this ‘possible” wave and then continue the move to the 0.618 Fibo @ 107.25.We’ll see if do a 4^th wave bounce here. The average daily true range (ATR) for the pair currently is 74 pips.

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$GBPUSD

What ProAct Traders See:Bullish eventually: We are currently sitting @ 1.3349 in a range and have bounced at the day chart support.It appears that we have already made the tun but…we could have another small run down to the bottom but are anticipating a move up since we have divergence on the pair as well as the USDX situation. A continuation here would set up move to the 0.618 Fibo @ 1.3653.Watch for consolidation above the 1.3450-1.3650 area. The average daily true range (ATR) for the pair is 87 pips.

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

What ProAct Traders See:Bullish: We are currently sitting @ 0.7569 (just 20 pips ...

BULLISH: Currently we are @ 0.7890 back in the channel. We have a small retracement and are now looking for a continuation to the 1.270 Fibo @ 0.7614 and then to the 1.618 Fibo @ 0.7652. Watch for the ...

BULLISH: Currently we are @ 1.3289 in the bottom of a range. We have a small bounce and are looking for a continuation to the 0.786 Fibo @ 1.3486. The average daily true range (ATR) for the pair currently ...

Bearish: Currently we are @ 0.8715 in the bottom of a range. We are looking for a continuation to the 0.786 Fibo @ 0.8669 and then a continuation to the Day support @ 0.8622 as the overall target this ...

Bearish overall: Currently we are @ 1.1735 in the bottom of a channel. We are looking for a pullback to the 0.382 Fibo @ 1.1823 and then a continuation initially to the Day support @ 1.1677 and an overall ...

Bearish: Currently we are @ 1.5533 back in the channel. We are looking for a continuation initially to the 1.618 Fibo @ 1.5472 and an overall target this week of 1.5410. The average daily true range (ATR) for the ...

Bullish: Currently we are @ 76.90. We are looking for a continuation to the 0.500 Fibo @ 77.77. The average daily true range (ATR) for the pair currently is 55 pips.

Note: USDX is BULLISH (for now) but we have had divergence that appears to have now resolved to the upside. We are right now at a bounce point but a break above 94.37 indicates a 5^th wave continuation. Be ...

Bullish: Currently we are @ 130.71 in a newly built channel. We are looking for a continuation to the 1.270 Fibo @ 131.87 and then 132.49. The average daily true range (ATR) for the pair currently is 82 pips ...

Bearish: Currently we are @ 1.1782. We are looking for a continuation to the 1.270 Fibo @ 1.1708. The average daily true range (ATR) for the pair currently is 85 pips.

Bearish: Currently we are @ 0.8787. We are looking for a continuation to the 0.382 Fibo/slope support @ 0.8759 and then the greater target (0.500 Fibo) of 0.8732. The average daily true range (ATR) for the pair currently is ...

Note: USDX is bearish (for now) but it probably is only a correction. We are right now at a bounce point. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased slightly. ...