Blog Roll

$ProAct Traders
Tuesday, August 25, 2015 - 07:45

I will be on vacation starting today  25/8/15 through Sunday  30/8/15.  This means I will not be posting daily and will not do the “What I See” over the weekend.  See you when I return.

$USDCAD- next target?
Monday, August 24, 2015 - 07:45

Currently we are at 1.3240. With Oil tanking we  are looking for a continuation to the Fibo support area @ 1.3316 with an overall target @ 1.3467 after a correction.  The average daily true range (ATR) for the pair currently is 111 pips.

Target Trading in the Forex upcoming week of Aug 23th, 2015
Target Trading in the Forex upcoming week of Aug 23th, 2015
Target Trading in the Forex upcoming week of Aug 23th, 2015
Target Trading in the Forex upcoming week of Aug 23th, 2015
Friday, August 21, 2015 - 17:18

$EURUSD 

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1367.  Structure shows a 3rd wave completion.  We are looking for a correction and then resumption to the day chart top @ 1.1473.  The average daily true range (ATR) for the pair currently is 99 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 122.10 with a 3rd wave most likely completed.  We are looking to correct to 123.00 and then a continuation to 121.50.   The average daily true range (ATR) for the pair currently is 64 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Sterling currently still choppy and ranging.  The ascending wedge suggests a move to the top and perhaps once out we will see some trending moves.  Overall target is the R5 @ 1.5942.  The average daily true range (ATR) for the pair currently is 91 pips.

 

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7331 and still ranging. Target up is 0.744- target down is 0.7211 with a further target at the 0.618 fibo @ 0.7082.  The average daily true range (ATR) for the pair currently is 86 pips.

$GBPAUD- next target?
Thursday, August 20, 2015 - 07:39

Currently we are at 2.1416. We are looking for one more thrust to the top of the range area @ 2.1530 with an overall target @ 2.1714.  The average daily true range (ATR) for the pair currently is 228 pips.

$AUDJPY- next target?
Tuesday, August 18, 2015 - 07:34

Currently we are at 91.22. We are looking for a continuation to the 0.618 fibo @ 90.43 with an overall target @ 89.33.  The average daily true range (ATR) for the pair currently is 85 pips.

$NZDJPY- next target?
Monday, August 17, 2015 - 07:34

Currently we are at 81.64 in a range. We are looking for a continuation to the Slope resistance area @ 82.11 (possible turn down here) with an overall target @ 83.00.  The average daily true range (ATR) for the pair currently is 78 pips.

 

Target Trading in the Forex upcoming week of Aug 16th, 2015
Target Trading in the Forex upcoming week of Aug 16th, 2015
Target Trading in the Forex upcoming week of Aug 16th, 2015
Target Trading in the Forex upcoming week of Aug 16th, 2015
Saturday, August 15, 2015 - 08:44

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1109.  Structure shows a possible 5 waves up and/or and abc up for a move to the downside.  Either way right now we are looking to the S4 @ 1.1050 area.  The average daily true range (ATR) for the pair currently is 99 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 124.29 (just 7 pips from last week at this time) and finally trying to trend.  We are looking for a break above 1124.50 for a continuation to  126.00  The average daily true range (ATR) for the pair currently is 64 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Sterling currently ranging.  A couple of different scenarios:  1:  Bullish: a move after the break of the top of the range to 1.5888 area and 2: Bearish: A break down to the support @ 1.5425. The average daily true range (ATR) for the pair currently is 91 pips.

 

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7375. We expect this to be a 5th wave to the S5 @ 0.7064.  Watch for a hard bounce there.  The average daily true range (ATR) for the pair currently is 86 pips.

$EURNZD- next target?
Thursday, August 13, 2015 - 07:36

Currently we are at 1.6911. We are looking for a continuation to the Fibo support area @ 1.7089 with an overall target @ 1.7363.  The average daily true range (ATR) for the pair currently is 157 pips.

$NZDUSD- Ranging Opp?
Wednesday, August 12, 2015 - 07:41

Currently we are at 0.6616. We are looking for a continuation to the Fibo support area @ 0.6691 with an overall target @ 0.6741.  The average daily true range (ATR) for the pair currently is 77 pips.

 

$EURJPY- next target?
Tuesday, August 11, 2015 - 07:30

Currently we are at 138.06. We are looking for a continuation to the Fibo resistance area @ 139.06 with an overall target @ 139.41.  The average daily true range (ATR) for the pair currently is 90 pips.

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