Note: USDX is in a “possible” bullish trend.Be aware that that could change in a heartbeat and the ATR’s are falling.

$EURUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2286 after putting in a top.We are looking for a continuation to the 0.618 Fibo @ 1.1953 and then a bounce and further move to 1.1789. The average daily true range (ATR) for the pair currently is 87 pips.

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$USDJPY

What ProAct Traders See: Waiting: We are currently @ 106.05 in a downside channel. We are cautiously awaiting the start of a bullish move but could have one more move to the downside before that happens.There is divergence for an upside move.We will be looking for a continuation to the 0.786 Fibo @ 107.16. The average daily true range (ATR) for the pair currently is 81 pips.

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$GBPUSD

What ProAct Traders See:Bearish: Cable is currently sitting @ 1.3944 in a range.As long as USDX is up, we are looking for a continuation to the 0.786 Fibo @ 1.3648. The average daily true range (ATR) for the pair is 102 pips.

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

What ProAct Traders See:Bearish: Aussie is @ 0.7713 in a large channel in a range.We are watching for a continuation down to the Day support@ 0.7500 area.The average daily true range (ATR) for the pair currently is 63 pips.