Note: USDX is still bullish although in a correction in my opinion. ATR’s are really dropping.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1820 in a 5^th wave. We are looking for a continuation down to the S4 @ 1.1626 and then bounce hard. The average daily true range (ATR) for the pair currently is 64 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.88 in a range. We are looking for a bounce point so watching the 0.382 for a possible one and then a continuation up to the top @ 114.40. The average daily true range (ATR) for the pair currently is 58 pips.

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$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.3289 in a range. Current move is a correction in response to the USDX. We are looking for a continuation down to the support @ 1.2997. The average daily true range (ATR) for the pair currently is 92 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7887 in a 4^th wave. We may need to complete an abc correction BEFORE a continuation down to the bottom @ 1.7697--0.7733 area. The average daily true range (ATR) for the pair currently is 51 pips.

Currently we are @ 1.3132 in a 5^th wave. We are looking to continue initially to the S3 Support @ 1.3082 and then to the S4support @ 1.2997. The overall target is the S5 @ 1.2849 and expect ...

Note: FOMC today- stay out of USD currencies

Currently we are @ 1.2852 in a channel. We are looking to continue initially to the 0.500 Fibo @ 1.2772 and then to the 0.618/Day support @ 1.2672. The average daily ...

Currently we are @ 132.50. We are just starting a 5^th wave up. We are looking to continue initially to the R3 @ 133.41 and then to the R4 / top @ 134.33 with and overall target of 135.75. ...

Note: Monday is a holiday in the USA – All banks are closed. USDX is still bullish.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1733 in a 5^th wave. We are looking for ...

Currently we are @ 1.1741. We are in a down channel in a downtrend. We are looking to continue to the S3 @ 1.1691 and then to the 1.270 Fibo @ 1.1660. The average daily true range (ATR) for the ...

Currently we are @ 90.21. We are in a descending wedge which is bearish for the pair. We are looking to continue to the 0.382 Fibo @ 89.29 and then to the 0.500 Fibo @ 88.56 later this week. The ...

Currently we are @ 1.6944. We had a flag that was interrupted by the fundamental announcement but look as if all is back to normal. We are looking to continue initially to the 1.270 Fibo @ 1.6900 and then to ...

Currently we are @ 132.50 in a 4^th wave. We are looking to continue initially to the 0.618 Fibo @ 131.98 and bounce there. Initially, look to the 0.214 Fibo @ 133.41. The average daily true range (ATR) for ...

Note: Currently USDX is bullish – affects the direction below so I will give both scenarios.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1819 in a range. We are looking for a continuation down ...

Currently we are @ 81.09 in a 5^th wave. We are looking to continue initially to the 0.500 Fibo @ 80.48. A continuation here, look to the 0.618 Fibo @ 79.91. The average daily true range (ATR) for the ...

Currently we are @ 1.7088 in a 5^th wave and the USDX is positive. Technically, the 5^th wave could be completed but the pair is showing no sign of being over yet. We are looking to continue initially ...