This is what I see in the Forex the week of September 25th , 2022: USDX, EU,UJ,GU,AU

Note:  Lots of talking heads next week.  Lots of unsustainable moves which will most likely be retraced before continuation.

USDX: Bullish STILL – We are over a thousand pips from the bottom which is never sustainable!  Be open to a a possible move to the 1.270 Fibo @ 115.45 and then a reversal.  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 about the same as last week except the USDJPY.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish?: We are currently @ 0.9689 out of the range  and in a channel.  We are in an extreme area.  WE are looking to continue down to the S6/1/618 Fibo @ 0.9561-0.9588 area. Watch the USDX for reversal and direction. The ATR for the pair currently is 112 pips.

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#USDJPY 

What ProAct Traders See: Bullish? And NASTY: We are currently @ 143.34 in a range and at equilibrium. A couple of different scenarios:  1:  Bullish: a break here look for a move back to the range top @ 145.00. 2: Bearish:  A reversal here would most likely take out the range bottom @ 1141.00 and then back to the equilibrium. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 195 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.0846 in a channel and significantly our of the 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 127 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6529 in a 3rd wave and in a channel.   We expect a continuation to the S6 @0.6300 area and possibly a bounce here.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 84 pips. 

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