Forex Trading the week of 08\/10\/2025: USDX, EU,UJ,GU,AU,

Note:  Core CPI and PPI this week!   

USDX: Forex Strategies Waiting: Currently, in a channel. Got a small candle peeking out to the upside. 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 @ 1.1642 in a channel in a range. We are anticipating the finish of the 5th wave @ 1.1769. Watch the USDX for reversal and direction. The ATR for the pair currently is 97 pips and its 90 day average is 100 pips.  

USDJPY                            

Forex Strategies Waiting: We are currently @ 147.74  in the top of a range. Watch the USDX for direction. The average daily true range (ATR) for the pair 146 pips and it 90 day average is 158 pips.

GBPUSD

Forex Strategies: Bullish:   We are currently @ 1.3451 in a channel in a range.  We are looking for a short 4th wave and then a 5th wave to the top @ 1.3600 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 96 pips and it 90 day average is 102 pips. 

AUDUSD

Forex Strategies: Bullish:  We are currently @ 0.6522 in  a tight range.  We are looking to continue a  short 5th wave to the range top @ 0.6626. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 52 pips and it 90 day average is 70 pips.