Note: USDX is bullish (for now).Be aware that that could change in a heartbeat and will affect the currencies below. We are going with Dollar strength for now. ATR’s have increased slightly.

$EURUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2131 in a range and at a significant bounce point to start a channel inside the channel. We are looking for a continuation to equilibrium for the 1.618 Fibo @ 1.1978 and then to the psychological number @ 1.1900. The average daily true range (ATR) for the pair currently is 72 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently @ 109.06 trying to make the turn and do a 4^th wave to the downside. We are looking to bounce on the 0.214 Fibo @ 108.45 and then a continuation to 1.270 Fibo @ 110.80.The average daily true range (ATR) for the pair currently is 62 pips.

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$GBPUSD

What ProAct Traders See:Bearish: Cable is currently sitting @ 1.3782 in a large range. We said last week “A break down below 1.3960 would set up move to the day chart bottom @ 1.3765”. It did that.Now looking to retrace and then continue to the 1.618 Fibo @ 1.3632 and then a continuation to 2.270 Fibo @ 1.3511.The average daily true range (ATR) for the pair is 100 pips.

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

What ProAct Traders See:Bearish: We are currently sitting @ 0.7581 in a range and a channel. We are looking to bounce on the 0.214 Fibo @ 0.7631 and then a continuation to 1.618 Fibo @ 0.7437 and then to 0.7300.The average daily true range (ATR) for the pair currently is 55 pips.

Bearish: Currently we are @ 82.75 in a large range in a flag pattern. We are looking for a flag break and a continuation to the 0.618 Fibo @ 82.08 with a possible further target to the flag target ...

Bullish: Currently we are @ 1.3709 in a large range. We are looking for a continuation to the top @ 1.3855 with a possible further target at the 1.270 Fibo @ 1.3989. The average daily true range (ATR) for ...

Bearish: Currently we are @ 1.3956 in a large range. We are looking for a continuation to the 0.786 Fibo @ 1.3857 with a possible further target at 1.3722. The average daily true range (ATR) for the pair currently ...

Note: USDX is bullish but at a top.Be aware that that could change in a heartbeat and will affect the currencies below.Unless it is clear I will use both scenarios. ATR’s have decreased slightly.

$EURUSD

What ProAct Traders See:Waiting: ...

Bearish: Currently we are @ 0.7305 in a channel. We are looking for a continuation to the 1.270 Fibo @ 0.7284 with a possible further target at the 1.618 Fibo @ 0.7260. The average daily true range (ATR) for ...

Bearish: Currently we are @ 132.37 in range and at the start to the downside. We are looking for a continuation to the 0.382 Fibo @ 131.43 with a possible further target at the 0.500 Fibo @ 130.95. The ...

Bearish: Currently we are @ 0.7736 in range and in a new channel to the downside. We are looking for a continuation to the 0.500 Fibo @ 0.7292 with a possible further target @equilibrium @ 0.7279. The average daily ...

Note: USDX is non-committal.Be aware that that could change in a heartbeat and will affect the currencies below.ATR’s have increased slightly.

$EURUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.2338 in a range with divergence for an ...

Bullish: Currently we are @ 83.09 in range. We are looking for a continuation to the 0.214 Fibo @ 83.68 with a possible further target @ 84.00. The average daily true range (ATR) for the pair currently is 87 ...

Bearish: Currently we are @ 1.0522 in a 3^rd wave and waiting for AFTER FOMC. We are looking for a continuation to the 1.270 Fibo @ 1.0496 with an overall target of the S4 Wave Target @ 1.0434. The ...

Bullish: Currently we are @ 151.17 in a nice channel. We also have an ascending wedge so are looking for a continuation to the 1.618 Fibo@ 151.82 and then 152.27. The average daily true range (ATR) for the pair currently ...