This is what I see in the Forex the week of March 24th , 2024 USDX, EU,UJ,GU,AU

Note: CPI and unemployment claims this week

USDX: Bullish: We fare in 5 waves to the upside. We are looking to continue to the range top and then we will see. 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 higher than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Bearish: We are currently @ 1.0808 in a range in a 3rd wave . We are looking for a 3-4 wave and that may set up a 5th wake with ATR’s high enough to trade. Watch for a possible reaction there. Watch the USDX for reversal and direction.The ATR for the pair currently is 54 pips and it 90 day average is 63pips.

USDJPY

Bullish: We are currently@ 151.45 in a 5th wave and in a range. A continuation here would most likely take out the 1.618 Fibo @ @ 154.79 and then look for an ABC move down. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 115 pips and it 90 day average is 128 pips.

GBPUSD

Bearish : We are currently@ 1.2577 in a big range and a 3rd wave. We are looking to continue the third wave to the S5 and then put in a 4thwave for the range bottom @ 1.2300 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 74pips and it 90 day average is 83 pips.

AUDUSD

Bearish : We are currently@ 0.6514 in a very tight range. We are looking for a continuation of the channel to the range bottom @ 0.6419 area and then a bounce. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 52 pips and it 90 day average is 57pips so not tradeable yet.

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