This is what I see in the Forex the week of May 24th , 2020: USDX, EU,UJ,GU,AUNote: USDX: Bullish: We have a channel in place with convergence now in play which indicates a bullish move. Significant top in place @ 101.00. 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 much the same as last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.0902 in a Range. We have Convergence almost in place for the next move for the down move on the 60 min chart (see inset). We are looking to continue to the significant support @1.1790 and look for the reaction there. Watch the USDX for reversal and direction. The ATR for the pair currently is 77 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Waiting: We are currently @ 107.63 in a range at the top of the range. We also have a symmetrical triangle in place so waiting for the Breakout. A couple of different scenarios: 1: Bullish: a Breakout here look for a move up to the 1.618 Fibo @ 109.39. 2: Bearish: A break down here would most likely target the support @ 106.00.Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Waiting: We are currently @ 1.2167 in a possible 5thwave. WE do have convergence for the down move (60 min see inset). BUT…This last move looks very corrective in structure. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the top @ 1.2500 area. 2: Bearish: A continuation here would most likely target the S5 @ 1.1900. Watch the USDX for direction. The average daily true range (ATR) for the pair is 111pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.6536. We are looking to continue to the 0.382 Fibo @0.6374 and maybe (depends on USDX) to the 0.500 Fibo @ 0.6300. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 80 pips. Chart Graphics - click to open hit ESC to come back