Note: Currently USDX is bearish – affects the direction below

The August “Pay Your Mortgage Trade Idea” is the CADJPY

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1764 after completing a 4^th wave. We are looking to continue up in a 5^th wave to the R5 @ 1.2038. The average daily true range (ATR) for the pair currently is 82 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 109.16 after completing a 4^th wave. We are looking to continue in a 5^th wave to the S5 @ 107.19. The average daily true range (ATR) for the pair currently is 81 pips.

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$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.2876 in a bearish channel in a range. We are looking to continue down to the Day chart bottom @ 1.2594. The average daily true range (ATR) for the pair currently is 79 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7933 after completing a 4^thwave. We are looking initially for a move to the R5 @ 0.8190. The average daily true range (ATR) for the pair currently is 66 pips.