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This is what I see in the Forex the week of March 21st , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are in a tight range (which makes trading all pairs difficult) inside a larger range. There is a slight Bearish bias to it but the Major are disputing that-for now. We have start of divergence for the sell off this range top on the 60 but the 240 says we could continue up.  Until this is resolved all pairs with be tentative.  convergence in play for the continuation.  ATR’s overall are slightly lower than last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Cautiously bearish: We are currently @ 1.1904 in a range and in a corrective move. We are looking for a continuation to the range bottom @ 1.1750 area. We have convergence for the down move.  Look for a there.  Watch the USDX for direction. The ATR for the pair currently is 80 pips per day.

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$USDJPY 

What ProAct Traders See: Waiting: We are currently @ 109.00  in a range – exactly where we were one week ago.  We appear to be topping out. A couple of different scenarios:  1:  Bullish: a bounce here look for a move to the day chart top @ 109.85. 2: Bearish:  A breakdown here would most likely target the 0.382 Fibo @ 107.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips. 

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.3870 in a tight range in a range. We are looking for a continuation to the tight range bottom @ 1.3750.  A break down here would target the range bottom @ 1.3580 area. Watch for a reaction there. Watch the USDX for direction – it currently is not validating this move. The average daily true range (ATR) for the pair is 106 pips.

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$AUDUSD  

What ProAct Traders See:  Bearish:  We are currently sitting @ 0.7741 in a corrective a-b-c move in a range.  We are looking for a continuation to the range bottom/S5@ 0.7631 area.  Watch for a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 86 pips. 

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