Blog Roll

$GBPCHF- Wedge Break?
Thursday, July 21, 2016 - 07:44

Currently we are 1.2997 in a range.  We are looking for a break of the descending wedge and then a continuation to the 0.382 Fibo @ 1.2943 and a continuation to the 0.500 Fibo @ 1.2862.  The average daily true range (ATR) for the pair currently is only 199 pips

$AUDUSD- near a bottom?
Wednesday, July 20, 2016 - 07:49

Currently we are 0.7471 in a range.  We are looking for a continuation to the 0.618 Fibo @ 0.7424 and a continuation to the 0.786 Fibo @ 0.7363.  The average daily true range (ATR) for the pair currently is only 83 pips.

$EURUSD- near a bottom?
Tuesday, July 19, 2016 - 07:47

Currently we are 1.1017 in a range.  We are looking for a continuation to the range bottom @ 1.0971 and expect a bounce there. If a bounce look for the and then the 0.500 Fibo @ 1.1079 and a break down look to the 1.0900 psychological number.  The average daily true range (ATR) for the pair currently is only 86 pips.

$EURJPY- Rectangle break?
Monday, July 18, 2016 - 07:52

Currently we are 116.69 in a reversal.  We are looking for a continuation to the 0.382 Fibo @ 115.52 and then the 0.500 Fibo @ 114.64 with a bounce anticipated there.  The average daily true range (ATR) for the pair currently is 178 pips.

Target Trading in the Forex week of July 17th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 17th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 17th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 17th,, 2016 EU,UJ,GU,AU
Saturday, July 16, 2016 - 10:40

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1069 in an extremely narrow range.  We are looking for a break down to the Range bottom @ 1.0971 and a possible bounce there.  If the range is bigger look for a move to 1.0837.  The average daily true range (ATR) for the pair currently is 82 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 105.45 and we have divergence.  We are looking for a continuation to the 0.500 Fibo @ 103.20 and a possible continuation to the 0.786 Fibo @ 101.37.  The average daily true range (ATR) for the pair currently is 123 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.3220 and in a large rectangle which is bearish for the pair. We are going to see what a rate hike and Brexit is going to produce.  We are looking for a continuation to the 0.500 Fibo @ 1.3080 and then we will see.  A bounce to the range top or a breakdown to the range bottom.  The average daily true range (ATR) for the pair currently is 205 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct Forex Target Traders See:  Aussie is @ 0.7598 and breaking out of a rising wedge with divergence.   We are looking for a move to the 0.500 Fibo @ 0.7466 and then a move to the range bottom @ 0.7375. The average daily true range (ATR) for the pair currently is 81 pips.

$AUDCHF- breakout?
Thursday, July 14, 2016 - 07:43

Currently we are 0.7470 in a range and in a breakout of the channel. We are looking for a continuation to the 0.382 Fibo @ 0.7378 and then the 0.500 Fibo @ 0.7322 with a bounce anticipated there.  The average daily true range (ATR) for the pair currently is 102 pips.

$EURAUD- near completion?
Wednesday, July 13, 2016 - 07:48

Currently we are 1.4513 in a nice channel. We are looking for a continuation to the bottom of the range @ 1.4439 with a bounce anticipated there .  The average daily true range (ATR) for the pair currently is 171 pips.

$EURGBP- Correction?
Tuesday, July 12, 2016 - 07:41

Currently we are 0.8441 after a breakout of the channel.  It appears the correction is starting.  We are looking for a continuation to the 0.214 Fibo @ 0.8241 with a further target to the 0.500 Fibo area @ 0.8000 in the upcoming days.  The average daily true range (ATR) for the pair currently is 158 pips.

$USDJPY- Correction?
Monday, July 11, 2016 - 07:47

Currently we are 107.53 after a breakout of the prevailing trend.  We are looking for a continuation to the 0.618 Fibo @ 104.32 with a further target to the old range top @ 105.43.  The average daily true range (ATR) for the pair currently is 154 pips.

Target Trading in the Forex week of July 10th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 10th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 10th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of July 10th,, 2016 EU,UJ,GU,AU
Saturday, July 9, 2016 - 09:15

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1052 in an extremely narrow range.  A couple of different scenarios:  1:  Bullish: a move to the 0.214 Fibo @ 1.1330 area and 2: Bearish: A break down to the Range bottom @ 1.0837.  The average daily true range (ATR) for the pair currently is 124 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 100.49 in a rectangle which is bearish for the pair.  We are looking for a continuation to the 1.270 Fibo @ 95.40 and a possible continuation to the 1.617 Fibo @ 96.08 if it trends.  You can also see the potential range and the strong bottom @ 100.81 which would indicate a potential move up.  If so, look to the 0.500   Fibo @ 103.53.  The average daily true range (ATR) for the pair currently is 154 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2945 and in a large rectangle which is bearish for the pair. We are looking for a continuation to the 1.70 Fibo @ 1.2650.  The average daily true range (ATR) for the pair currently is 330 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct Forex Target Traders See:  Aussie is @ 0.7565 and still in a channel in a range.   We are looking for a possible rectangle and then a move to the range top @ 0.7643. The average daily true range (ATR) for the pair currently is 108 pips.

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