Note: USDX is bearish with convergence and in a possible 5^th wave.We are looking for the continuation to the square up @ 94.946 and a possible continuation to the 94.193 area. 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: Bullish: We are currently sitting @ 1.1627 in a range. We are looking for a continuation to the range top @ 1.1747. Here we could bounce and stay in the range or continue to the 1.1867 area. The ATR for the the pair currently is 81 pips.

­­­…………………………………………………

$USDJPY

What ProAct Traders See: Bearish: We expect that the pair will make the turn and go to the range bottom @ 109.40.The average daily true range (ATR) for the pair currently is 67 pips.

………………………………………………..

$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2851 at the top of a 5th wave (note: this is contrary to the current USDX- also bearish). We are looking for a a 5^th wave continuation to the Day chart bottom @ 1.2643 and possible the S5 @ 1.2558.The average daily true range (ATR) for the pair is 88 pips.

…………………………………………………

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

What ProAct Traders See:Bullish: We are currently sitting @ 0.7327 in a range.We are looking for a continuation to the range top @ 0.7457. The average daily true range (ATR) for the pair currently is 62 pips.

……………………………………………….