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This is what I see in the Forex the week of December 5th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Bearish–We have just the start of Divergence in play on MACD on the 60 but not complete yet.  We are back in a Trend but could easily bounce here..  If it breaks higher look to the 97.500, if lower the 96.000 is the target.  The 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 mixed overall than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.1310 in a channel and a symmetrical triangle.  With USDX bearish, we are looking for the breakout to the R5 @ 1.1561 area.  We have convergence on the 60 min MACD. A breakdown targets the Day chart bottom @ 1.1149.  Watch the USDX for reversal and direction. The ATR for the pair currently is 78 pips.

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$USDJPY 

What ProAct Traders See: Bearish: We are currently @ 112.77. We are currently in a flag pattern with Bearish bias. We have the start of convergence on the 240 min chart indicating the continuation down.  The target is the range bottom @ 110.90 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 91 pips. 

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$GBPUSD

What ProAct Traders See: Waiting: We are currently @ 1.3240 after5 waves down and we are at the day chart bottom.  Still showing Bearish signs but with USDX saying down we are looking for a bounce?   A couple of different scenarios:  1:  Bullish: a bounce here, look for a move back to the old Day chart bottom @ 1.3487 2: Bearish:  A continuation here would most likely take out the0.618 Fibo @ 1.3107.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips.

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$AUDUSD 

What ProAct Traders See:  Waiting: We are currently sitting @ 0.7005 in a trend with 5 waves. We are looking for a bounce for a move back to the 0.786 Fibo @ 0.7255. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips. 

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