Forex Trading the week of 02\/02\/2025: USDX, EU,UJ,GU,AU,

Note: ADP and NFP this week!

USDX: Forex Strategies Bullish: We are in a 3rdwave continuation. We also see 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 except USDX which is up 20 pips. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.0359 in a 3rd wave and a channel. We are looking to continue to the 1.618 Fibo @ 1.0269 area and then put a 4thwave correction in. Watch the USDX for reversal and direction. The ATR for the pair currently is 83 pips and its 90 day average is 77 pips.

USDJPY

Forex Strategies Bullish: We are currently @ 155.21 and USDX is going up. We are in a range and expect to continue to the 2.618 Fibo @ 158.83. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 144 pips and it 90 day average is 149 pips.

GBPUSD

Forex Strategies Bearish: We are currently @ 1.2392 in a channel in a 3rd wave. We expect a move to the 1.618 Fibo @ 1.1.2257 and then correct in a 4th wave. Watch the USDX for direction. The average daily true range (ATR) for the pair 106 pips and it 90 day average is 96 pips.

AUDUSD

Forex Strategies Bearish: We are currently @ 0.6213 in a tight range. We are looking to finish @ 0.6100. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 55 pips and it 90 day average is 57 pips.