What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.
What ProAct Forex Target Traders See: We are currently @ 117.81(just 20 pips difference from last week) in a wedge. We are looking for more ranging before a breakout and continuation to the upside to the R8 Target @ 121.30. The average daily true range (ATR) for the pair currently is 141 pips.
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.4999. We are looking for the bottom which could be the S8 @ 1.4951 or anywhere on the trend wall or the 2.618 Fib Extension. Once underway look for the 1.5100 equilibrium area. The average daily true range (ATR) for the pair is 119 pips.
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7920. We are looking for the S7 Bounce @ 0.7800 but may extend to the 1.618 fibo @ 0.7740. The average daily true range (ATR) for the pair currently is 103 pips.
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This is an opinion ONLY - and not a trade call, but a study that may lead you to a trade. I do not know whether this will transpire or not so use your own judgment.