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This is what I see in the Forex the week of March 28 , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are at a top which MIGHT be a 3rd wave.  It is not clear yet whether this is a flag pattern for the up move or 4th wave to set up a 5th wave.  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 lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Waiting: We are currently @ 1.1795 at the bottom of a Range.  A couple of different scenarios:  1:  Bullish: a bounce here look for a move back to the0.382 Fibo @ 1.2084. 2: Bearish:  A continuation here would most likely take out the S6 @ 1.1629. Watch the USDX for reversal and direction. The ATR for the pair currently is 75 pips.

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$USDJPY 

What ProAct Traders See: Waiting: We are currently @ 109.65 in a range and at a Day chart top.  We are looking for either a break up here to the R7 Resistance @ 112.46 or a reaction down in the 0.500 Fibo to the 106.24 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips. 

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$GBPUSD

What ProAct Traders See: Waiting: We are currently @ 1.3790 near the top of the channel in a range. A couple of different scenarios:  1:  Bullish: a break up here look for a move back to the 0.382 Fibo @ 1.4000 area. 2: Bearish:  A Break down here would most likely take out the range bottom @ 1.3567.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 99 pips.

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$AUDUSD 

What ProAct Traders See:  Bullish: We are currently sitting @ 0.7637 near the bottom of the range. We have the breakout of the former channel. We are looking to continue up to the 0.214 Fibo/R4 @ 0.7789-800 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 77 pips. 

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