Forex Trading the week of 05\/25\/2025: USDX, EU,UJ,GU,AU,

Note: US unemployment claims this week!   

USDX: Forex Strategies Bearish: Currently, it looks like a 5th wave– Wait for confirmation.  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 slightly higher than last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish for now: We are currently @ 1.1366 in the start of a 5th  wave in a range.  We are looking to continue to the range top @ 1.1568. We are transitioning to convergence in play for the up move. Watch the USDX for reversal and direction. The ATR for the pair currently is 99 pips and its 90 day average is 100 pips.  

USDJPY                            

Forex Strategies Bullish: We are currently @ 142.57in a 5th wave.  We are in a channel and we expect to continue to the Day chart support area  @ 139.76 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 167 pips and it 90 day average is 165 pips.

GBPUSD                          

 Forex Strategies Bullish to Bearish: We are currently @ 1.3540 in a channel. We expect a move to the top @ 1.3738 and the a sell of back to equilibrium.  Watch the USDX for direction. The average daily true range (ATR) for the pair 104 pips and it 90 day average is 102 pips.

AUDUSD

Forex Strategies: Bullish to Bearish:  We are currently @ 0.6496  in a tight range.  We are looking to continue to the top @ 0.6515 and then sell off. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 72 pips and it 90 day average is 73 pips.