This is what I see in the Forex the week of August 21st , 2022: USDX, EU,UJ,GU,AU

USDX: Bullish – We are still moving north but close to a top.  We could reverse very shortly – who knows? 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 about the same as last week -Summer Trading almost over. BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.9954 in a 5th  wave.  With USDX up, we are looking for a continuation to the S6 @ 0.9758.  Watch for a reaction there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 99 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 137.85 attempting a range breakout. We are looking for a move to the Day chart Resistance @ 139.37. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 141 pips.

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#GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.1715 attempting a range breakout. We are looking for a move to the S6 @ 1.1533.   Watch the USDX for direction. The average daily true range (ATR) for the pair is 120 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6876 in a range  We expect a breakout move to the S5 @ 0.6760 area. Overall target is the day chart bottom @ 0.6681. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 84 pips. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!