This is what I see in the Forex the week of May 21st ,  2023  USDX, EU,UJ,GU,AU

Video link: https://app.groove.cm/groovevideo/videopage/202436/fqzpedbde504dfb801363b7d0eb7b275ed749

Note:  Fundies this week include FOMC Minutes on Wednesday

USDX: Bearish: We are out of the channel.  We are looking for a continuation to the 2.618 Fibo @ 103.596. 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 about the same as last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.0812 in a channel in a range. We have completed 5 waves so anticipating an abc pattern up.  We have  divergence for that move.  We are  looking for a move to the 0.382 Fibo @ 1.0969. Watch for a reaction there. Watch the USDX for reversal and direction. The ATR for the pair currently is 74 pips.

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#USDJPY 

What ProAct Traders See: Bearish: We are currently @ 137.95 back in the range. We are  looking for a move to the 0.the range bottom @ 133.75. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 135 pips.

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#GBPUSD  

What ProAct Traders See: Bullish: We are currently @ 1.2445 in a range.  We have convergence in play for the long. We are looking for a continuation to the range top @ 1.2680.  Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips.

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#AUDUSD 

What ProAct Traders See:  Bullish:  We are currently @ 0.6651 in a range and near the bottom. We are looking for a move to the 0.786 Fibo @ 0.6767. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 68 pips. 

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