Currently @1.0773.  The cross  has continued to produce higher highs as it took out our target yesterday @ 1.0726. There may be some more upside today and we are looking for a move to the R5 @ 1.1.0768 – 1.0779.  Expect a pullback here as this completes wave 1 to the upside.  Should it break to the south look for 1.0624(R4 ) as the target down.…

Currently @1.4421.  The cross  has continued to produce higher highs as it took out the top @ 1.449. There may be some more upside today and we are looking for a move to the 1.618 Fib extension @ 1.4469.  Overall target is the R5 @ 1.4477.  Should it break to the south look for 1.4333 (R4 ) as the target down.…

Currently @0.9863.  The cross  has continued to produce higher highs as it took out the R4 target @ 0.9904. It is currently sitting on support and we are looking for a move to the 1.270 Fib extension @ 0.9969.  Overall target is the R5 @ 1.0048.  Should it break to the south look for 0.9800 (R2 and .500 fibo) as the target down.…

Currently @1 .4199.  The cross  is in the 5th wave to the downside and has bounced to the top of the trend wall.  If we do NOT break to the upside , we are then  looking for a continuation to the bottom @ 1.4065.  Should it break to the north look for 1.4301 (s3 and .382 fibo) as the target up.…

$EURUSD

WHAT ProAct Traders SEE: Currently @1 .4181. The cross is in the 5th wave to the downside. If we can break the .786 Fibo @ 1.4152 we are then looking for a continuation to the bottom @ 1.4062. The average daily range is currently 183 pips.

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$USDJPY…

$EURUSD

WHAT ProAct Traders SEE: Currently @1 .4181. The cross is in the 5th wave to the downside. If we can break the .786 Fibo @ 1.4152 we are then looking for a continuation to the bottom @ 1.4062. The average daily range is currently 183 pips.

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$USDJPY…

We have taken out the double bottom target @0.8350 and the market is currently approaching the heartline of the trend @ 0.8392 (currently @ 0.8369). The dollar has been dominant lately in the majors except for the swissy.  We might see a bounce here back to the S4 target @ 0.8319.  A break of 0.8407 targets the Top @ 0.8408.  We favor the Bearish opportunity.…

We have taken out the S5  target and the market is approaching the S6 @ 1.5931(currently @ 1.5961) it to the downside. We might see a bounce here since there has been no retracement.  A break of the S6 targets the 1.270 Fib extension @ 1.5875.…

We have taken out the downtrend trend line target form yesterday and the market is respecting it to the downside. Currently sitting at 115.24.  We will expect follow through to the support @ 114.81 then 114.69. A break of the bear flag has the S5 @ 114.13 just below it.…

We have broken out of the downtrend to the upside and currently sitting at 0.8120.  We also took out the .500 Fibo @ 0.8139 after the break. We will expect follow through to the R4 Resistance @ 0.8204. Should see some stalling there before continuation to the 0.8266 area. …

We have started the 5th wave to the downside and have temporarily bounced on the S3 support @ 1.4189.  Currently sitting at 1.4268.  We will expect follow through to the S4 support @ 1.4100. Should see some stalling there before continuation to the 1.3956 area.…

$EURUSD

WHAT ProAct Traders SEE:  Currently @1 .4307.  The market has completed 4 waves and looking for the 5^th wave to the downside.  There is a possibility of a move to the .500 Fibo @ 1.4381 before the resumption of the downtrend and then  looking for a continuation to the bottom @ 1.4073 and then the 1.270 fib extension @ 1.3906 . The average daily range is currently 183 pips.…

We have bounced off the bottom as expected and continued to move to the top of the down trend line.  While it could be a bear flag for a move to the downside it could also break the trend line to the upside.  We are approaching that critical area. Currently we are  0.8089 with the R3 target the next stall IF it breaks the trend line.  That is at 0.8119.  A break here targets the .500 fib extension @ 0.8134.  A pull back at the trend line should stall back to the R1 at the 0.8026…

We have an inverse head and shoulders on the day chart that is being followed through.  Currently we are  0.9899 with the R4 target the next stall.  That is at 0.9904.  A break here targets the 1.618 fib extension @ 0.9928.  A pull back at the R4 should stall back at the 0.9850 area.…

We have moved below the S5 @ 1.4332.  Currently sitting at 1.4282.  We will expect follow through to the 0.618 Fibo (also support) @ 1.4252. Should see some stalling there before continuation to the 1.4171 area. …

We have moved out of the downtrend and  looking for a top at 1.0672. Currently sitting at 1.0657.  We will expect a correction back  to the S1 @ 1.0614. This is looking like a false breakout not a true breakout.  Should the above not happen look for the 1.0700 to do the above.…

We have moved down to the S5 and then bounced.  Currently sitting at 1.4372.  We will expect a continuation to the heartline of the Down trend and then back to the  S5 @ 1.4321 area and maybe to the 1.4289 where we have support.  Look for a stall there.  Holiday in Europe so be aware.…

We have moved down to the bottom of the channel and then bounced.  Currently sitting at 1.4474.  We will expect a continuation to the downside to the  0.382 Fibo @ 1.4418 area and maybe to the 1.4404 where we have support.  Look for a stall there.  Square up day so be aware.

We have moved down to the bottom of the channel but still firmly in an uptrend.  Currently sitting at 116.96 just below the R5 @ 117.18.  We will expect a break of the R5 will find resistance @ 117.79 area.  Look for a stall there.  Should we get a break down now look for a return to the 116.57 area.…