Forex Trading the week of 03\/09\/2025: USDX, EU,UJ,GU,AU,

Note: Jolts and U of M this week!

USDX: Forex Strategies Bearish: We are in a 3rd wave, so should see it continue and the do a 4th wave up. 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 @ 1.0834 in a channel. We are still in a range and we are looking to continue to the R6 @ 1.0969 then pullback and MAYBE continue to the Day chart top @ 1.1217. Watch the USDX for reversal and direction. The ATR for the pair currently is 86 pips and its 90 day average is 86 pips.

USDJPY

Forex Strategies Bearish: We are currently @ 148.05 and USDX is going down for now. We are in a channel and we expect to continue to the 1.618 Fibo area. If it continues down trade the REOTW. Watch the USDX for direction.The average daily true range (ATR) for the pair currently is 158 pips and it 90 day average is 150 pips.

GBPUSD

Forex Strategies Bullish: We are currently @ 1.2947 in a channel. We expect a move to the R6 @ 1.3169 and then we’ll see. Watch the USDX for direction. The average daily true range (ATR) for the pair 84 pips and it 90 day average is 102 pips.

AUDUSD

Forex Strategies Bullish: We are currently @ 0.6306 in a range. We are looking to finish this move at the 0.500 Fibo @ 0.6516. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 56 pips and it 90 day average is 59pips.