Note: USDX: Bearish–We have convergence in play on MACD on the 4 hour and convergence on the hourly. We are in the start of a 3rd wave in a trend to the downside and anticipate the continuation to the support @ 94.210. The USD pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bullish: We are currently @ 1.1575 in the start of a potential channel to the upside (still early!) and at the bottom of a range. We did finish 5 waves down so we are looking for the continuation up to the 0.500 Fibo @ 1.1736. We have divergence on the 240 min MACD. Watch the USDX for reversal and direction. The ATR for the pair currently is EXTREMELY LOW at 51 pips.…………………………………………………$USDJPYWhat ProAct Traders See: Bearish: We are currently @ 112.23 in the top of a range. We have divergene on the 240 min chart. We had am a-b-c pullback to establish the channel down. The down target is the 0.786 Fibo @109.77 and if we get the continuation there, look to the range bottom @ 109.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 64 pips.………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3619 in consolidation and in a Day chart trend down. We are looking for a breakdown and then a continuation to the S6 @ 1.3300. We have Divergence on the MACD. Watch the USDX for direction. The average daily true range (ATR) for the pair is 103 pips.…………………………………………………$AUDUSDWhat ProAct Traders See: Bearish: We are currently sitting @ 0.7300 in a range in a range. We are looking now for the breakdown to the S5 @ 0.7100 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 70 pips.Chart Graphics - click to open hit ESC to come back