This is what I see in the Forex the week of March 19th  ,  2023  USDX, EU,UJ,GU,AU

Note:  Consumer Confidence this week on Tuesday

USDX: Bullish: We are in a range.  We have convergence to the upside. The Channel says we might continue in a third wave.  A continuation that would most likely take out the R9 @ 105.25. The 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 slightly  higher than last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.0760 after a breakout down.  Watch for a short 2 wave to set up the continuation down to the S6 @ 1.0553. Watch the USDX for reversal and direction. The ATR for the pair currently is 106 pips.

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#USDJPY 

What ProAct Traders See: Bullish: We are currently @ 130.73 after a significant bounce on the range bottom.  We have a breakout up.   We have divergence in play for the long. We are looking for a quick 2nd wave and then the 3rd wave continuation to the 4.236 Fibo @ 1.1995. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 194 pips.

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#GBPUSD  

What ProAct Traders See: Bearish: We are currently @ 1.2231 in a channel wating for 2nd wave and then a third wave to the 4.236 Fibo @ 1.1995.  in a 3rd  wave (or large ABC). We are looking for a continuation to the R5 @ 1.2189.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 124 pips.

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#AUDUSD 

What ProAct Traders See:  Bearish:  We are currently @ 0.6645 after a corrective move. We c are looking for a continuation to the 1.618 Fibo @ 0.6409 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 87 pips. 

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