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This is what I see in the Forex the week of March 29th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bearish: Working a nice channel with convergence 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 AGAIN. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See: Bullish: We are currently @ 1.1136 just out of a range. We have convergence on the 60 min chart. We are looking to continue for a bit of consolidation before resumption to the top @1.1500. Watch the USDX for reversal and direction. The ATR for the pair currently is 200 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently @ 107.94 in a range. We are looking to put a 2nd wave in here and then continue to the day chart bottom @ 101.20 area. Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 335 pips.

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$GBPUSD

What ProAct Traders See: Bullish: We are currently @ 1.2456 in a 3rd wave in a trend. We are looking to finish the 3rd wave put the 4th corrective wave in and continue to the R8 @ 1.3000. Could bounce. Watch the USDX for direction. The average daily true range (ATR) for the pair is 238 pips.

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$AUDUSD

What ProAct Traders See: Bullish: We are currently sitting @ 0.6167 in a trend and a 3rd wave. We are looking to continue to the R7 @ 0.6500 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 234 pips.

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