Forex Trading the week of 01\/19\/2025: USDX, EU,UJ,GU,AU,

Note: USA bank holiday Monday (we are closed also) and Unemployment claims this week

USDX: Forex Strategies Bullish for now: We are finally getting the 5th wave continuation. We also see some convergence for the up 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 about the same as last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.0271 in a 3rd wave and a channel. We are looking to continue to the S6 @ 1.0022 area Watch the USDX for reversal and direction. The ATR for the pair currently is 83 pips and its 90 day average is 75 pips.

USDJPY

Forex Strategies Bullish: We are currently @ 156.31and USDX is finally going up. We are in a range and just starting the bounce to the top. We are looking to go back to the top @ 159.00 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 124 pips and it 90 day average is 153 pips.

GBPUSD

Forex Strategies Bearish: We are currently @ 1.2205 in a channel in a 3rd wave. We expect a move to the S7 @ 1.6000. A big opportunity here. Watch the USDX for direction. The average daily true range (ATR) for the pair 117 pips and it 90 day average is 96 pips.

AUDUSD

Forex Strategies Bearish: We are currently @ 0.6147 just below the former day chart bottom. Looking to finish @ the S6 @ 0.6080. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 52 pips and it 90 day average is 58 pips.