Forex Trading the week of 10/18/2026: USDX, EU,UJ,GU

USDX:

Forex Strategies Bearish: We have convergence for the bearish 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 @ 1.1226 on the day chart bottom.    We are looking for a continuation to the R4 @ 1.1395.  The ATR for the pair currently is 63 pips and its 90-day average is 49 pips.  NOT TRADEABLE!

USDJPY

Forex Strategies Bearish: We are currently @ 157.88 in the start of a 3rd wave. We are looking for a Breakout and then a continuation to the 1.270 Fibo @ 156.46.  The average daily true range (ATR) for the pair 67 pips and it 90-day average is 92 pips.   NOT TRADEABLE!

GBPUSD

Forex Strategies: Bullish:  We are currently @ 1.3332 after a day chart bounce. We are looking for a continuation to the 0.214 Fibo @ 1.3561.   The average daily true range (ATR) for the pair currently is 63 pips and it 90-day average is 61 pips.  NOT TRADEABLE!