Forex Trading the week of 01\/26\/2025: USDX, EU,UJ,GU,AU,

Note: Consumer Confidence and FOMC this week

USDX: Forex Strategies Bearish: We are finally getting the 3rd wave continuation. We also see convergence for the down move. 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 a little higher than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.0495 in a 3rd wave and a channel. We are looking to continue to the R5 @ 1.617022 area and then put a 4thwave correction in. Watch the USDX for reversal and direction. The ATR for the pair currently is 86 pips and its 90 day average is 77 pips.

USDJPY

Forex Strategies Bearish: We are currently @ 156.00 and USDX is going down. We are in a range and expect the Darvis Box to continue to the range bottom @ 153.30. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 129 pips and it 90 day average is 151 pips.

GBPUSD

Forex Strategies Bearish: We are currently @ 1.2485 in a channel in a 3rd wave. We expect a move to the R6 @ 1.1.2704 and then correct in a 4th wave. A big opportunity up there. Watch the USDX for direction. The average daily true range (ATR) for the pair 120pips and it 90 day average is 97 pips.

AUDUSD

Forex Strategies Bearish: We are currently @ 0.6313 in a channel and 3rdwave. We are looking to finish @ 0.6500. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 61 pips and it 90 day average is 59 pips.