Forex Trading the week of 01\/25\/2026: USDX, EU,UJ,GU

Note: FOMC Rate  this week!  Gold and Silver at new highs!

USDX: Forex Strategies Bearish: Currently, we are in a 3rd  wave down.  We have convergence on the hourlies for the long. Watch for a 4th wave corrective move first before a resumption of the trend (5th wave). 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 Bullish: We are currently @ 1.1598 in a 3rd wave in a channel.  We are looking for a continuation of the 5th wave @ 1.2040.  The ATR for the pair currently is 55 pips and its 90-day average is 48 pips.   NOT TRADEABLE!

USDJPY                            

Forex Strategies Bearish: We are currently @ 155.67 in a 3rd wave down. We are looking for a continuation of the 5th wave after the correction to the 153.98-153.12 area.  The average daily true range (ATR) for the pair 83 pips and it 90-day average is 91 pips.

GBPUSD

Forex Strategies: Bullish:   We are currently @ 1.3642 in a 3rd wave. We are looking for an initial 4th wave correction and then a continuation  to the 2.618 Fibo @ 1.3797.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 65 pips and it 90-day average is 67 pips.  NOT TRADEABLE!