This is what I see in the Forex the week of January 9th, 2022: USDX, EU,UJ,GU,AU

Note: USDX: Bearish – A couple of different scenarios:  1:  Bullish: a bounce below here, look for a move back to the S6 @ 96.790. 2: Bearish:  A continuation here would most likely take out the square up @ 95.543. 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 lower (reflecting the holiday period) than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bullish for now: We are currently @ 1.1360 in a tight range.  A couple of different scenarios:  1:  Bullish: a continuation here, look for a move to the R4 @ 1.1455 2: Bearish:  A Bounce on the range top here would most likely target the range bottom @ 1.1222. Watch the USDX for reversal and direction. The ATR for the pair currently is 62 pips.

¬¬¬…………………………………………………

$USDJPY 

What ProAct Traders See: Bearish: We are currently @ 115.56. We are currently topping out and we expect a breakdown. The target is the S4 @ 114.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 47 pips. 

………………………………………………..

$GBPUSD

What ProAct Traders See: Bullish to Bearish: We are currently @ 1.3592 in a rising wedge. We are looking for a breakdown at the Square up @ 1.3510 area and then the continuation to the 0.500 Fibo @ 1.3386. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips.

…………………………………………………

$AUDUSD 

What ProAct Traders See:  Waiting: We are currently sitting @ 0.7182 in a range. A couple of different scenarios:  1:  Bullish: a continuation here, look for a move back to the R5 @ 0.7371. 2: Bearish:  A continuation here would target the Day Bottom @ 0.7000. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!

Chart Graphics - click to open hit ESC to come back

What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex