Forex Trading the week of 03\/16\/2025: USDX, EU,UJ,GU,AU,

Note: FOMC this week!

USDX: Forex Strategies Bearish: We are in a 3rd wave in a rectangle pattern which indicates continuation, so should see it continue. We also see convergence for the Down move. Need a 4th wave soon though. 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 @ 1.880 in a range. We are looking to continue to the 1.000 Fibo @ 1.1007 then pullback and MAYBE continue to the Day chart top @ 1.1205. Watch the USDX for reversal and direction. The ATR for the pair currently is 96 pips and its 90 day average is 87 pips.

USDJPY

Forex Strategies Bearish: We are currently @ 148.63 and USDX is hinting down for now. We are in a channel and we expect to continue to the S7 area. If it continues down look to the 0.214 Fibo @ 143.73. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 157 pips and it 90 day average is 150 pips.

GBPUSD

Forex Strategies Bullish: We are currently @ 1.2937 in a channel and a 5th wave. We expect a move to the R6 @ 1.3163 and then we’ll see. Watch the USDX for direction. The average daily true range (ATR) for the pair 87 pips and it 90 day average is 100 pips.

AUDUSD

Forex Strategies Bullish: We are currently @ 0.6327 in a range. We are looking to finish this move at the 0.382 Fibo @ 0.6617. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 60 pips and it 90 day average is 59pips.