Note: USDX is still potentially bearish but in a range. We have a MACD zero-line break for a down move, but it may be short lived. That being said, we are anticipating the down move on the USDX. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$EURUSD

What ProAct Traders See: Bullish: We are currently sitting @ 1.1409 in a range. If the USDX continues down, we are looking for a channel breakout and a continuation to the Day top @ 1.1704. If we do not break above 1.1430 look for 1.1300. Watch the USDX for direction. The ATR for the the pair currently is 76 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 111.79 in a range. The pair showing signs of a continued downward move with the nice channel in play. We are looking for a down continuation to the range support@ 110.50 and might see it bounce there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 72 pips.

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$GBPUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.2832 in a channel inside a bigger range. We are possible in a 3^rd wave down and the bounce on the 0.786 Fibo support could provide for a small 4^th wave. If it breaks above 1.2936 forget the waves and look for a bigger up move in the range. If we respect the 1.2936 then look to complete a 5^th wave at the day support @ 1.2618. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 107 pips.

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

What ProAct Traders See: Waiting: We are currently sitting @ 0.7094 in a channel in a range. A couple of different scenarios: 1: Bullish: above 0.7100 look for a bullish move (IF USDX turns down) to the 0.500 Fibo @ 0.7330. 2: Bearish: A down continuation look for the Day support@ 0.6933. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 43 pips – VERY LOW!.