Forex Trading the week of 04\/06\/2025: USDX, EU,UJ,GU,AU,

Note: Uof M consumer sentiment this week!

USDX: Forex Strategies Bullish to Bearish: Currently, it looks like an ABC correction for further selling.If so this is a 4th wave and then a resumption of the trend in a 5thwave. 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 about the same as last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.0960. We are looking to finish an abc pullback and then continue to the day chart top @ 1.1205. We have convergence in play for the up move. Watch the USDX for reversal and direction. The ATR for the pair currently is 95 pips and its 90 day average is 85 pips.

USDJPY

Forex Strategies Bullish to Bearish: We are currently @ 146.98 and USDX is hinting up for now. We are in a channel and we expect a 4th wave up and then a 5th wave to continue to the 1.000 Fibo @ 142.13. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 142 pips and it 90 day average is 147 pips.

GBPUSD

Forex Strategies Bullish: We are currently @ 1.2895 in a channel. We expect a move to the2.618 Fibo @ 1.3198 and maybe all the way to the day top @ 1.3418. Watch the USDX for direction. The average daily true range (ATR) for the pair 90 pips and it 90 day average is 97 pips.

AUDUSD

Forex Strategies: Bullish toBearish: We are currently @ 0.6041 out of the range. We are looking to correct before resumption to the S6 @ 0.5800. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 64 pips and it 90 day average is 58 pips.