This is what I see in the Forex the week of September 18th , 2022: USDX, EU,UJ,GU,AU

Note: Last 2 days Open House. Wed-Friday no NY Session Wed-Fri Fast Track 3 day

USDX: Sideways and currently bearish – We are stuck on a sideways move, but bears look to have it for now. Be open to a complete retrace of the Fundie. 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.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish?: We are currently @ 1.0014 in a flag pattern and a range . A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the top @ 1.0198. 2: Bearish: A continuation here would most likely take out the range bottom @ 1.9870 and then a bounce. Watch the USDX for reversal and direction. The ATR for the pair currently is 113 pips.

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#USDJPY                            

What ProAct Traders See: Bearish: We are currently @ 142.96 in a range and a flag pattern. If we can break slope support, we are looking for a move to the support @ 141.50.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 165 pips.

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#GBPUSD                           

What ProAct Traders See: Bearish: We are currently @ 1.1424 in a channel and a range. We are in an extreme area so watch for the bounce.  MACD still pointing the way down. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips.

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#AUDUSD

What ProAct Traders See: Bullish: We are currently @ 0.6718 in a channel.   We expect range bottom bounce here and if we can break slope resistance, we are looking for a move back to 0.6916.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 87 pips.

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