This is what I see in the Forex the week of October 23rd , 2022: USDX, EU,UJ,GU,AU

Note:  Big Square up day Friday  in NY check that out

USDX: Down but cautious at this bottom –Be open to both scenarios.   Chatter is that USDX is going to 118.00.  See chart! 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 slightly lower than last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 0.9863 in a fractal 3rd wave and in a range in a range.  Also a channel.  We are looking to continue the wave pattern to the 1.270 Fibo @ 1.0118 area. Watch the USDX for reversal and direction. The ATR for the pair currently is 114 pips.

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#USDJPY 

What ProAct Traders See: Who knows?  We are currently @ 147.68 after a huge square up.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 101 pips.

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#GBPUSD  

What ProAct Traders See: Bullish: We are currently @ 1.1295 in a range out of the down channel.  We are looking to continue to the Day chart top @ 1.1762. Watch the USDX for direction. The average daily true range (ATR) for the pair is 214 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6380 in a channel.  We are anticipating the move to the 2.618 Fibo @ 0.6529.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 109 pips. 

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