Note: USDX is ultimately bullish in a 4^th wave correction leading to a 5^th wave.We are looking for a bounce on the 0.500 Fibo @ 96.547 before the 5^th wave continuation to the upside. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased slightly, but if we are starting to trend, could increase back to normal.

$EURUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.1442 in a 4th wave correction in a trend. We are looking for a on the S3 @ 1.1485 before the 5^th wave continuation to the downside. The ATR for the the pair currently is 72 pips.

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$USDJPY

What ProAct Traders See: We’ll see: We are currently sitting @ 110.62 in a range and a channel. The pair is still a contrarian and not following USDX at all. A couple of different scenarios:1:Bullish: a bounce here, look for a move back through the Symmetrical Triangle and then to the 0.214 Fibo @ 112.36. 2: Bearish: A continuation here would most likely take out the square up @ 110.00 and then back to the 0.500 Fibo @ 11.36 area. The average daily true range (ATR) for the pair currently is 61 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2749 at the bottom of a 3^rd wave (same as last week).We are looking for a 4^th wave pullback only to the 0.618 Fibo @ 1.2872 and then a 5^th wave continuation to the Day chart bottom @ 1.2594.The average daily true range (ATR) for the pair is 83 pips.

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

What ProAct Traders See:Up and down: We are currently sitting @ 0.7318 in ...

Bearish: Currently we are @ 110.73 in a range.IF we can break the support here @ 110.73, we are looking for a continuation to the square up @ 109.90. The target this week is 109.40 area. The average daily ...

Bearish: Currently we are @ 72.78 in a channel in a range.IF we can break the support here @ 72.36, we are looking for a continuation to the 1.270 Fibo @ 71.58. The target this week is 70.00 area. ...

Bearish: Currently we are @ 1.7577 in the start of a 3^rd wave in a trend.IF we can break the 0.500 Fibo here @ 1.7554, we are looking for a continuation to the 0.618 Fibo/S3 @ 1.7512. The ...

Note: USDX is bullish and quite possibly trending?We are looking for a pullback and possible 4^th wave before the continuation to the upside and then a move to the 0.618 Fibo @ 94.736 and a bounce there. Be aware ...

Bearish: Currently we are @ 128.76 in a range.IF we can break the 0.618 Fibo here we are looking for a continuation to the 0.786 Fibo @ 127.79. The average daily true range (ATR) for the pair currently is ...

Bullish: Currently we are @ 1.5660 in a range.IF we can break the 0.500 Fibo here we are looking for a continuation to the 0.382 Fibo @ 1.5716 and then on to the equilibrium @ 1.5718 later this week. ...

Bullish: Currently we are @ 1.2957 in a range.IF we can break this slope resistance we are looking for a continuation to the 0.786 Fibo @ 1.3067 and then on to the 0.618 Fibo @ 1.3149 later this week. ...

Bearish: Currently we are @ 1.9206 in a range. IF we can break this support we are looking for a continuation to the 0.786 Fibo @ 1.9061 The average daily true range (ATR) for the pair currently is 118 pips

Note: USDX is ultimately Bearish.We have divergence so looking for the continuation to the upside and then a move to the 0.618 Fibo @ 94.736 and a bounce there. Be aware that that could change in a heartbeat and will ...

Bullish: Currently we are @ 1.3019 in a range.IF we can break this slope resistance we are looking for a continuation to the 0.382 Fibo @ 1.3094. The average daily true range (ATR) for the pair currently is 82 pips ...

Bullish: Currently we are @ 1.3160 in a range and in a channel.IF we can break this resistance we are looking for a continuation to the 0.382 Fibo @ 1.3276. The average daily true range (ATR) for the pair currently ...