This is what I see in the Forex the week of February 26th  2023  USDX, EU,UJ,GU,AU

Note:  Consumer confidence and ISM Fundies this week

USDX: Bullish to bearish: We are in a 3rd  wave up and should shortly do a 4th wave ABC pattern.  We have convergence to the upside. The ABC pattern should establish the 5th wave to finish the up move. We expect a continuation that would most likely take out the R10 @ 107.293.  The 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 lower than last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.0546 in a 3rd wave down in a range.  We are looking to continue to the S6 @ 1.0424 area.  Should see a 4th wave bounce there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 74 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 136.49 in a continuation.  Big WOS! We have convergence in play for the long. We are looking for a continuation to the R7 @ 139.68. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 136 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.1940 in a 3rd  wave down in a big range. We are looking for a continuation to the 1.270 Fibo @ 1.1852 and then a 4th wave up.  Overall target is the range bottom @ 1.1750 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6726 in a 3rd wave.  We are looking for a continuation to the 1.618 Fibo @ 0.6630 and a 4th wave bounce there.  Fast Trackers be aware of the Prechter. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 83 pips. 

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