Note: USDX is in a Sideways move and close to the bottom – watch for a bounce or breakout.  Be aware that that could change in a heartbeat and will affect the currencies below.  ATR’s are still dropping.


What ProAct Traders See:  Bearish: We are currently sitting @ 1.2365 in a symmetrical triangle.  We have divergence for the downside move so 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 81 pips.



What ProAct Traders See: Waiting: We are currently @ 104.96 in a range. We have divergence for the upside move so are cautiously awaiting the start of a bullish move but could have one more move to the downside before that happens.  We will be looking for a continuation to the 0.500 Fibo @ 106.46. The average daily true range (ATR) for the pair currently is 72 pips.



What ProAct Traders See:  Bearish: Cable is currently sitting @ 1.4139 in a range.  We are looking for a reversal and then a continuation to the 0.786 Fibo @ 1.3850. The average daily true range (ATR) for the pair is 97 pips.


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

What ProAct Traders See:  Bearish: Aussie is @ 0.7702 in a large channel in a range.  We are watching for a continuation down to the Day [email protected] 0.7500 area.  The average daily true range (ATR) for the pair currently is 59 pips.

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