Note: Consumer Confidence today

Bearish: Forex Strategies: Currently we are at 161.07 after the slope support breakout. We are in a channel and are looking for a continuation to the ATR target @ 160.31. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 186 pips per day and it’s 90 day average is 160 pips per day. My Forex Analysis says USDX is currently down.

Bearish: Forex Strategies: Currently we are at 89.42 after the breakout. We have convergence now for the down move and are looking for a continuation to the ATR target @ 80.67. Watch the USDX for direction, as it could negate ...

Bullish: Forex Strategies: Currently we are at 146.14 after the breakout. We have convergence now for the up move and are looking for a continuation to the ATR target @ 147.28. Watch the USDX for direction, as it could negate ...

Note: FOMC Minutes today

Bearish: Forex Strategies: Currently we are at 162.21 waiting for the slope support breakout. We are looking for a continuation to the ATR target @ 160.32 and then the S5 @ 160.00. Watch the USDX for ...

Bullish: Forex Strategies: Currently we are at 146.39 in a channel. We looking for a continuation to the ATR target @ 144.71 and then the Day chart bottom @ 142.18. Watch the USDX for direction, as it could negate all ...

Note: Retail Sales and Unemployment claims today

Bullish: Forex Strategies: Currently we are at 190.46 in a channel. We broke resistance in the fundie and are looking for a continuation up to the ATR target @ 192.15 and then the ...

Note: Core PPI and PPI today

Bullish: Forex Strategies: Currently we are at 1.6645 in the start of a possible cup and handle. We are looking for a continuation up to the ATR target @ 1.6750 and then the 0.500 ...

Bearish: Forex Strategies: Currently we are at 1.8084 in a channel. We are looking for a continuation up to the ATR target @ 1.8006 and then the 1.270 Fibo @ 1.7994. Watch the USDX for direction, as it could negate ...

Bullish: Forex Strategies: Currently we are at 188.47 in a channel. We are looking for a continuation up to the 1.000 Fibo @ 189.97 and then the ATR target @ 190.92. Watch the USDX for direction, as it could negate ...

Hi Y'all

I am on vacation this week so will not be posting. Thanks for your understanding.

Scott Barkley

ProAct Traders LLC

Note: ISM Manufacturing today

Bullish: Forex Strategies: Currently we are at 192.88 after finishing 5 wave to the downside. We are looking for a continuation up to the ATR target @ 193.44 AFTER a pullback. Watch the USDX for direction, ...

Note: FOMC today

Bearish to Bullish: Forex Strategies: Currently we are at 1.8285 in a possible 3rd wave in a channel. We are looking for a continuation to the ATR target @ 1.8200. Will look for a 4th wave bounce ...