Forex Trading the week of 04\/13\/2025: USDX, EU,UJ,GU,AU,

Note: No Fundies in the NY this week!

USDX: Forex Strategies Bearish: Currently, it looks like a 5th wave for further selling. We are looking for a continuation of the trend to the 0.382 Fibo @ 97.382. 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 higher than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1359. We are looking to finish an abc pullback and then continue to the 1.618 Fibo @ 1.1557. We have convergence in play for the up move. Watch the USDX for reversal and direction. The ATR for the pair currently is 135 pips and its 90 day average is 91 pips.

USDJPY

Forex Strategies Bullish to Bearish: We are currently @ 143.53. We are in a channel and we expect a 4thwave up and then a 5th wave to continue to the Day bottom @ 140.33. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 222 pips and it 90 day average is 155 pips.

GBPUSD

Forex Strategies Bullish: We are currently @ 1.3088 in a channel. We expect a 5th wave move to the R6 @ 1.3343 and maybe all the way to the day top @ 1.3418. Watch the USDX for direction. The average daily true range (ATR) for the pair 128 pips and it 90 day average is 97 pips.

AUDUSD

Forex Strategies: Bullish: We are currently @ 0.6291 in a channel and a range. We are looking to continue to the range top @ 0.6400. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 119 pips and it 90 day average is 68 pips.