Blog Roll

Target Trading in the Forex upcoming week of March 29, 2015
Target Trading in the Forex upcoming week of March 29, 2015
Target Trading in the Forex upcoming week of March 29, 2015
Target Trading in the Forex upcoming week of March 29, 2015
Saturday, March 28, 2015 - 08:56

$EURUSD 

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0931.  Although the overall picture still suggests more downward movement, we are still out of the established trend.  Until the direction can be proven expect a sideways move.  The upside target is the R6 @ 1.1087 while the downside target is the1.618 Fibo @ 1.0595. The average daily true range (ATR) for the pair currently is 199 pips.

 

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 119.12 in a big sideways move. We said last week “looking to the 118.85 for that target”-we easily got there. Looking now for a corrective move up. The average daily true range (ATR) for the pair current the Day chart bottom @ 117.121(or sideways) and then the Day chart bottom @ 117.11.  The average daily true range (ATR) for the pair currently is 90 pips

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.4873.  We have a break out of the former trend due to FOMC and currently in a symmetrical wedge.  Over all downside is favored but not before a correction.  We are looking to the 1.5046 Resistance and if it breaks above the 0.500 Fibo r look to the R6 @ 1.5245. The average daily true range (ATR) for the pair currently is 198 pips.

Video is here

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7749. While we do have the start of a corrective up trend it was caused by FOMC?  If it bounces, look to the 0.7938 which would hold the sideways move. If we get a downside continuation look for a move to the support Day support area @ 0.7578.  The average daily true range (ATR) for the pair currently is 120 pips.

 

 

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

MY FXstreet forecast
Wednesday, March 25, 2015 - 12:11

Long term look

Tuesday, March 24, 2015 - 21:08
$AUDCHF- breakdown?
Monday, March 23, 2015 - 07:23

Currently we are at 0.7578. We are looking for a continuation to the S4/day trend support area @ 0.7511 and expecting to bounce there.  The average daily true range (ATR) for the pair currently is 86 pips.

Target Trading in the Forex upcoming week of March 22, 2015
Target Trading in the Forex upcoming week of March 22, 2015
Target Trading in the Forex upcoming week of March 22, 2015
Target Trading in the Forex upcoming week of March 22, 2015
Saturday, March 21, 2015 - 08:55

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0822.  Although the overall picture still suggests more downward movement, we should see this correction play out before that down trend comes back in play.  We are looking for a move to 1.1072 first. The average daily true range (ATR) for the pair currently is 184 pips.

 

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 120.06. We have finished a 3 wave more to the upside so looking to finish an abc to the downside.  We are looking to the 118.85 for that target.  The average daily true range (ATR) for the pair currently is 93 pips.

 

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.4953 with an FOMC reaction to the upside.  We should see the breakdown to the downside but will have to wait to see if the FOMC reaction will overcome this structure. Target up is 1.5157 and target down is 1.4530 with bias being to the downside. The average daily true range (ATR) for the pair currently is 187 pips.

 

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7775. The trend break was an FOMC reaction so will need to see if that holds for any upside move. If we get a downside continuation the break of the range signals a move to the support 2.618 support area @ 0.7441.  The average daily true range (ATR) for the pair currently is 116 pips.

 

 

Forex Trading Software and Live Forex Trade Room

 

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

MY FXStreet forecast
Thursday, March 19, 2015 - 10:52

Log range forecast for FXStreet

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