Forex Trading the week of 08\/17\/2025: USDX, EU,UJ,GU,AU,

Note:  FOMC Minutes this week!   

USDX: Forex Strategies Bearish: Currently, we are in a channel. We are looking to continue short. 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 lower last week.  BE SMART - TRADE WITH STOPS!!!!

EURUSD

Forex Strategies Bullish: We are currently @ 1.1706 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 99 pips and its 90 day average is 93 pips.  

USDJPY                            

Forex Strategies Bearish: We are currently @ 147.20  in a range. We have a Darvas Box continuation pattern. We are looking to continue short to the S6 @ 144.82. Watch the USDX for direction. The average daily true range (ATR) for the pair 140 pips and it 90 day average is 146 pips.

GBPUSD

Forex Strategies: Bullish:   We are currently @ 1.3596 in the top of a range.  If USDX continues down, we are anticipating a breakout long  to the R6 @ 1.3756 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 93pips and it 90 day average is 96 pips. 

AUDUSD

Forex Strategies: Bullish:  We are currently @ 0.6508 in  a rectangle pattern in a tight range.  We are looking to continue to the range top @ 0.6626. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 53 pips and it 90 day average is 61 pips.