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

Note:  Short week due to USA Holiday- ProAct is closed on Monday

USDX: Bullish –Be open to both scenarios.   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 higher than last week except the USDJPY.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish: We are currently @ 0.9739 in a fractal 3rd wave and in a channel in a range.  We are looking to continue a wave pattern  to the S5 @ 0.9550 area. Watch the USDX for reversal and direction. The ATR for the pair currently is 140 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 145.39 in a range.  We are looking for a move up to the Range top @ 146.30 area.   A break there look to the R5 @ 147.30.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 141 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.1088 in a trend.  We are looking to continue the 5th wave to the S6 @ 1.0891. MACD still pointing the way down. Watch the USDX for direction. The average daily true range (ATR) for the pair is 260 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6361 in the bottom of the range.  The Flag Patter, although at the bottom looks like a continuation for the break down.  With USDX up we are anticipating the move to the S7 @ 0.5931 IF we can break the range support. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 109 pips. 

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