Forex Trading the week of 03\/23\/2025: USDX, EU,UJ,GU,AU,

Note: No NY Session Fundies this week!

USDX: Forex Strategies Bullish to Bearish: We finished a 3rd wave but still in a possible rectangle for the continuation down. We are anticipating a 4th wave and then a resumption of the trend in a 5thwave. 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. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bearish: We are currently @ 1.0816 in a range. We are looking to continue to the S4 @ 1.0574 then pullback and MAYBE continue a 2 wave before the 3rd wave down. We have convergence in play for the Down move. Watch the USDX for reversal and direction. The ATR for the pair currently is 99 pips and its 90 day average is 85 pips.

USDJPY

Forex Strategies Bullish: We are currently @ 149.17 and USDX is hinting up for now. We are in a channel and we expect to continue to the 0.618 Fibo @ 151.27. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 144 pips and it 90 day average is 146 pips.

GBPUSD

Forex Strategies Bearish: We are currently @ 1.2917 after topping our the 5th wave. We expect a move to the S4 @ 1.2782 and maybe all the way to the 0.618 Fibo @ 1.2664. Watch the USDX for direction. The average daily true range (ATR) for the pair 83 pips and it 90 day average is 96 pips.

AUDUSD

Forex Strategies Bearish: We are currently @ 0.6273 in a tight range. We are looking to finish this move at the range bottom @ 0.6100 area Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 63 pips and it 90 day average is 58 pips.