This is what I see in the Forex the week of March 31st , 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range.We are waiting. We have divergence for the reversal and at a significant top. Watch the reaction @ the 98.28 area for either a continuance or reversal.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week with the exception of the GBPUSD which is up 16 more pips.

$EURUSD

What ProAct Traders See: Waiting: We are currently @ 1.1218 near a bottom. We are looking for possibly one more move to the range bottom @ 1.1177 and then a bounce. Watch the USDX for direction. The ATR for the the pair currently is 60 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 110.87. Bearish:We have a rising wedge reversal pattern in play near the top of this tight range.We are looking for an initial move after the Rising Wedge break down to the 0.500 Fibo @ 110.33 and then a continuation to the range bottom @ 109.70 area.Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62pips.

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$GBPUSD

What ProAct Traders See:We are currently @ 1.3035.Bullish: We are looking for possibly one more move to the range bottom and then a move to the 0.500 fibo @ 1.3171 and then the range top @ 1.3302 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 156 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:We are currently sitting @ 0.70097 in a tight range. Bullish to Bearish:we are looking for an initial move to the range top @ 0.7167 area then down to the 0.7000. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 51 pips.

Posted to Introduction to Forex Tar... on Mar 30, 2019 — 9:03 AM

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Great weekly analysis, very useful and educational.
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