This is what I see in the Forex the week of March 22nd , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish to Bearish: Working a nice channel with divergence in play.  Watch for the correction.  Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are drastically higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bearish to Bullish: We are currently @ 1.0696 just out of a range.  We have convergence on the 60 min chart. We are looking to continue to the 1.270 Fibo/S7 support @ 1.0500-1.0564. Watch the USDX for reversal and direction. The ATR for the pair currently is 183 pips.

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$USDJPY 

What ProAct Traders See: Bullish to Bearish: We are currently @ 110.88 in a channel and possible a 5th wave.  We are looking to continue to the day chart top @ 112.38 area.  Watch for the reaction there. A correction would set up a correction to the 0.500 Fibo @ 106.72. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 237 pips. 

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.1605 in a channel. We are looking to continue to the S6 @ 1.1324.  Could bounce or break through there.  Watch the USDX for direction and any Brexit news. The average daily true range (ATR) for the pair is 238 pips.

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$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.5803 in a channel. We are looking to continue to the 0.214 fibo/S5 @ 0.5617 area and maybe to the channel bottom @ 0.5509.   Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 193 pips. 

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex