Blog Roll

Target Trading in the Forex upcoming week of October 19, 2014
Target Trading in the Forex upcoming week of October 19, 2014
Target Trading in the Forex upcoming week of October 19, 2014
Target Trading in the Forex upcoming week of October 19, 2014
Saturday, October 18, 2014 - 11:30

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2760.  We are looking for the finish of the correction in the 1.3000 area then down to the S8 target  @ 1.2422.  The average daily true range (ATR) for the pair currently is 131 pips.

 

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 106.92. We are looking for a higher correction to the 0.214 Fibo @ 108.20.  A continuation then to the 0.500 fibo @ 105.56 . The average daily true range (ATR) for the pair currently is 108 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6087 in consolidation with  a channel to the downside  We are looking for a pullback and with a target down to the 1.270 Fibo  @ 1.5892 and overall target the 1.618 fibo @ 1.5686. The average daily true range (ATR) for the pair is 137 pips.

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

What ProAct  Forex Target Traders See:  Aussie is @ 0.8765 in a sideways move which is bearish.  We expect a break of  the 0.8650 area and then  a big move to the S7 @ 0.8413!  The average daily true range (ATR) for the pair currently is 120 pips.

 

Forex Trading Software and Live Forex Trade Room

 

CAUTION IS URGED - TRADE WITH STOPS!!!!!


IMPORTANT NOTICE: These comments are for educational purposes only. The information contained on this document does not constitute a solicitation to buy or sell by ProAct Traders, LLC., www.proacttraders.com Forex Target Trading www.forextargettrading.com and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. We monitor multiple indicators as well as established chart analysis in our Forex trading software.

There is No “Holy Grail” in Forex trading systems. Do not use our research or any other trading system without proper research on the asset.

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. 

$EURJPY- Trend Break?
Friday, October 17, 2014 - 07:48

Currently we are at 136.53. IF we break the trend line we are looking for a continuation to the 0.500 Fibo @ 137.70 with an overall target @ 128.71.  The average daily true range (ATR) for the pair currently is 100 pips.

$NZDJPY- Wedge Break?
Wednesday, October 15, 2014 - 07:34

Currently we are at 83.96. We have 4 attempts to break the descending wedge and are looking for a continuation to the Support area @ 83.20 with an overall target @ 82.90.  The average daily true range (ATR) for the pair currently is 109 pips.

Target Trading in the Forex upcoming week of October 12, 2014
Target Trading in the Forex upcoming week of October 12, 2014
Target Trading in the Forex upcoming week of October 12, 2014
Target Trading in the Forex upcoming week of October 12, 2014
Saturday, October 11, 2014 - 09:41

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2613.  We are looking for the finish to the 2.618 Fibo @ 1.2422 after a correction near 1.2840.  Current momentum may not give a correction at all so look for that target.  The average daily true range (ATR) for the pair currently is 102 pips.

 

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 109.79. We are looking for a deeper correction to the 0.382 Fibo @ 106.71 or maybe as deep as the  0.500 Fibo @ 105.66 ( a break ere would signal the end of this bull run).  A continuation then to the double top @ 110.10 . The average daily true range (ATR) for the pair currently is 96 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6061 in a channel to the downside  We are looking for pullbacks and consolidation in this channel with a target down to the 1.270 Fibo  @ 1.5892. The average daily true range (ATR) for the pair is 115 pips.

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

What ProAct  Forex Target Traders See:  Aussie is @ 0.8661 at a major bottom.  We expect a bounce back to the 0.8785 area and then consolidation.  However, if we break this significant bottom  we are looking for a big move to the 0.786 Fibo @ 0.8513!  The average daily true range (ATR) for the pair currently is 102 pips.

 

Forex Trading Software and Live Forex Trade Room

 

CAUTION IS URGED - TRADE WITH STOPS!!!!!


IMPORTANT NOTICE: These comments are for educational purposes only. The information contained on this document does not constitute a solicitation to buy or sell by ProAct Traders, LLC., www.proacttraders.com Forex Target Trading www.forextargettrading.com and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. We monitor multiple indicators as well as established chart analysis in our Forex trading software.

There is No “Holy Grail” in Forex trading systems. Do not use our research or any other trading system without proper research on the asset.

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. 

$AUDUSD –continuation?
Friday, October 10, 2014 - 08:54

Currently we are at 0.8726.  The target is the S4 @ 0.8672.  The ATR (Average True Range) for the pair currently is 88 pips.

$AUDCHF- Triangle Break?
Tuesday, October 7, 2014 - 07:40
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