Note: USDX is in a range.We are waiting. MACD is inconclusive at this time – just a little early but they have the start of a channel to the downside. Watch the reaction @ the 97.020 area for either a continuance or reversal as that is equilibrium.I will show both possibilities below. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are all lower from last week.

$EURUSD

What ProAct Traders See: Waiting: We are currently @ 1.1316 At the Day chart slope resistance. A couple of different scenarios:1:Bullish: a break above 1.1316 look for a move back to the range top @ 1.1450. 2: Bearish:a break below 1.1274 and out of the Symmetrical triangle would most likely target the @ 1.1184 range bottom. We could get a break down of the range to the 1.270 Fibo 2 1.1113.Watch the USDX for direction. The ATR for the the pair currently is 45 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 112.03. Waiting:A couple of different scenarios:1:Bullish: a break above 112.09 look for a move back to the 1.618 fibo @ 113.12. 2: Bearish:A reversal here here would most likely target the 0.500 fibo @ 110.76 ( also equilibrium) and then possibly the range bottom.

Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 51 pips.

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$GBPUSD

What ProAct Traders See:We are currently @ 1.3071.Bearish to bullish: A couple of different scenarios:1: Bearish:We are looking for possibly one more move to the range bottom @ 1.2979 IF we break the symmetrical triangle down ( also a continuation here would target the 1.270 Fibo @ 1.2884 2: Bullish: a move out of the triangle and above 1.3133 look for a move back to the range top @ 1.3302. Watch the USDX for direction. The average daily true range (ATR) for the pair is 108 pips.

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

What ProAct Traders See:We are currently sitting @ 0.7174 at the top of a tight range. A couple of different scenarios:1:Bullish: a move above 0.7200 look for a move to the larger range top @ 0.7250. 2: Bearish:A reversal here would most likely target the 0.786 Fibo @ 0.7059 and then back to the range top. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 50 pips.