This is what I see in the Forex the week of March 31st , 2024 USDX, EU,UJ,GU,AU

Note: ADP and NFP this week

USDX: Waiting: We are at a significant top and could go either way. We have divergence so the downsize is in play with a rising wedge. . 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 LOWER than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Bullish: We are currently @ 1.0788 in a falling wedge. We have divergence in play for the upside move. We are looking for a move to the 1.0921. Watch for a possible reaction there. Watch the USDX for reversal and direction. The ATR for the pair currently is 51 pips and it 90 day average is 62 pips.

USDJPY

Bearish: We are currently@ 151.15 in the top of a range. We are looking for short to take out the S5 @ @ 148.17. Watch the USDX for direction.The average daily true range (ATR) for the pair currently is 92 pips and it 90 day average is 121 pips.

GBPUSD

Bullish : We are currently@ 1.2628 in a big range. We are looking to continue to the Day Top @ 1.2826 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 67pips and it 90 day average is 81 pips.

AUDUSD

Bullish : We are currently@ 0.6527 in a very tight range. We are looking for a continuation to the resistance @ 0.6644 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 47 pips and it 90 day average is 56 pips so not tradeable yet.

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