Blog Roll

$AUDUSD- decision time
Monday, August 29, 2016 - 07:14

Currently we are 0.7551 in a channel in a range.  Two scenarios: Bullish:  a move back to the 0.214 Fibo @0.7687    2: Bearish: A break down here targets the 0.500 Fibo @ 0.7490.  The average daily true range (ATR) for the pair currently is 81 pips.

Target Trading in the Forex week of Aug 28th
Friday, August 26, 2016 - 17:07

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1194 in a range. We are looking for a continuation to the bottom.  First top is @ 1.1416 and the second the 0.618 Fibo @ 1.1072. Watch the USDX for clues on direction. The average daily true range (ATR) for the pair currently is 69 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 101.82 and in a range. We are looking for a move initially to the 0.500 Fibo @ 103.20 with a target overall this week at 103.95.  The average daily true range (ATR) for the pair currently is 91 (down from 127 last week) pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.3132 and in a large range. We are looking for a continuation to the 0.786 Fibo @ 1.2946.   Watch for a stall there and then a move to the bottom @1.2809.   The average daily true range (ATR) for the pair currently is 111 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7561 and in a Range.  We are looking for a move to the downside after the break of the slope. Look first to the 0.500 Fibo @ 0.7493 with the overall target the Day bottom @ 0.7380.  The average daily true range (ATR) for the pair currently is 71 pips.

$EURAUD- channel break
Wednesday, August 24, 2016 - 07:34

Currently we are 1.4773 after breaking out of the channel.  We are looking for a continuation to the 0.214 Fibo @ 1.4730 and then MAYBE resumption to the 1.4700.  The average daily true range (ATR) for the pair currently is 116 pips.

$EURJPY- consolidation trade
Tuesday, August 23, 2016 - 07:37

Currently we are 113.44 and in a nice consolidation flag.  We are looking for a continuation to the flag bottom @ 112.48 and then MAYBE resumption to the day bottom @111.51.  The average daily true range (ATR) for the pair currently is 84 pips.

$GBPJPY- channel
Monday, August 22, 2016 - 07:31

Currently we are 131.75 and in a nice channel to the upside. Above 132.20 we are looking for a continuation to the 1.270 Fibo @ 133.44 and then a correction before resumption to the larger 0.382 Fibo @134.33.  The average daily true range (ATR) for the pair currently is 155 pips.

Target Trading in the Forex week of Aug 21st
Target Trading in the Forex week of Aug 21st
Target Trading in the Forex week of Aug 21st
Target Trading in the Forex week of Aug 21st
Saturday, August 20, 2016 - 08:50

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1130 in a range. We are looking for a continuation to one of the tops and then a reversal.  First top is @ 1.1416 and the second @ 1.1470.  Watch the USDX for clues on direction. The average daily true range (ATR) for the pair currently is 72 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 100.14 and possibly in a 5th wave in a down trend.  We might also be in a range – both positions are hard to prove right now.  Either way we are looking for a continuation to the day chart bottom @ 99.02.  If ranging expect the up move to start there.  If it breaks south look for possible intervention? The average daily true range (ATR) for the pair currently is 127 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.3080 and in a large range. We are looking for a continuation to the 0.214 Fibo @ 1.3337.   Watch for a bounce there and a possible continuation back up.   The average daily true range (ATR) for the pair currently is 124 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7627 and in a Range.  We are looking for a continues move to the downside after the break of the slope. If the slope is broken look first to the 0.786 Fibo @ 0.7493 with the overall target the Day bottom @ 0.7380.  The average daily true range (ATR) for the pair currently is 78 pips.

$GBPAUD- Square Up
Thursday, August 18, 2016 - 07:48

Currently we are 1.7150 and correcting a substantial move. We are looking for a continuation to the square up @ 1.7420 and then a resumption to the downside.  The average daily true range (ATR) for the pair currently is 184 pips.

$USDCHF- Range Trade
Wednesday, August 17, 2016 - 07:45

Currently we are 0.9635 in a Large Range. We are looking for a continuation to the 0.786 Fibo @ 0.9547 and then a continuation to the bottom @ 0.9520.  The average daily true range (ATR) for the pair currently is 73 pips.

$NZDJPY- Channel?
Tuesday, August 16, 2016 - 08:03

Currently we are 72.64 in a down channel. We are looking for a continuation to the 1.270 Fibo @ 71.76 and then a continuation to the 1.618 Fibo @ 71.18.  The average daily true range (ATR) for the pair currently is 89 pips.

$AUDJPY- Rectangle?
Monday, August 15, 2016 - 07:42

Currently we are 77.48 in a rectangle in a range. We are looking for a continuation to the double bottom @ 76.50 and then a continuation to the 0.382 Fibo @ 76.04  The average daily true range (ATR) for the pair currently is 86 pips.

 

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