Blog Roll

Target Trading in the Forex upcoming week of December 21, 2014
Target Trading in the Forex upcoming week of December 21, 2014
Target Trading in the Forex upcoming week of December 21, 2014
Target Trading in the Forex upcoming week of December 21, 2014
Saturday, December 20, 2014 - 08:55

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.227. A couple of different scenarios:  1:  bullish: This could be starting a head and shoulders pattern for a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 115 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 119.53.  A couple of different scenarios:  1:  bullish: This could be a bounce for a rally  to the R8 again @ 121.85. 2: Bearish : A break down here would set up an a-b-c correction to the 0.500 Fibo @ 113.51. The average daily true range (ATR) for the pair currently is 166 pips.

 

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.5632 in a descending wedge which is ultimately bearish.   We are looking first for the S7 @ 1.5540 and then the 1.618 Fibo @ 1.5293. A break up would target the Former S6 @ 1.5917.  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 @ 0.8142 in a channel.  We expect to finish at the day chart support @ 0.8073 and then a move to correct at the resistance @ 0.8263. The average daily true range (ATR) for the pair currently is 93 pips.

 

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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. 

$CADJPY- turning?
Friday, December 19, 2014 - 08:02

Currently we are at 102.49 . We are looking for wave 3 and a continuation to the S4 support area @ 101.48.  The average daily true range (ATR) for the pair currently is 113 pips.

$EURAUD- reversal?
Thursday, December 18, 2014 - 08:04

the 0.786 Fibo support area @ 1.4946 and then a bounce then to create the 2nd wave with an overall target @ 1.4843.  The average daily true range (ATR) for the pair currently is 155 pips.

$GBPAUD- near the top?
Tuesday, December 16, 2014 - 07:55
$GBPUSD- break down?
Monday, December 15, 2014 - 07:51
Target Trading in the Forex upcoming week of December 14, 2014
Target Trading in the Forex upcoming week of December 14, 2014
Target Trading in the Forex upcoming week of December 14, 2014
Target Trading in the Forex upcoming week of December 14, 2014
Saturday, December 13, 2014 - 09:10

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2455. A couple of different scenarios:  1:  bullish: a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 103 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 118.66 @ the  0.214 Fibo area. This is a bounce point and if so look for the 126.11 (1.270 Fibo).  We are open for a much needed correction back to the 0.500 Fibo area @ 113.50. The average daily true range (ATR) for the pair currently is 138 pips.

 

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.5719 in a rectangle which is ultimately bearish.   We are looking first for the S7 @ 1.5540 and then the 1.618 Fibo @ 1.5293. A break up would target the Former S6 @ 1.5917.  The average daily true range (ATR) for the pair is 107 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.8253 in consolidation after a falling wedge which is ultimately bullish.  We expect a move to correct at the S6 @ 0.8183 or the day chart bottom @ 0.8073.  The average daily true range (ATR) for the pair currently is 95 pips.

 

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$GBPJPY- more left?
Friday, December 12, 2014 - 08:03

 

Currently we are at 186.19. We are looking for a continuation to the support area @ 185.03 with an overall target @ 184.00.  The average daily true range (ATR) for the pair currently is 142 pips.

$AUDCHF- more left?
Thursday, December 11, 2014 - 07:41
$GBPCHF- triangle?
Wednesday, December 10, 2014 - 07:50

Currently we are at 1.5230 in a triangle pattern. 1:  bullish: a move to the upper day chart trend line @ 1.5318 area.  2: Bearish : A break down look to the day chart bottom @ 1.5056. The average daily true range (ATR) for the pair currently is 98 pips.

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