Blog Roll

Target Trading in the Forex upcoming week of July27, 2014
Target Trading in the Forex upcoming week of July27, 2014
Target Trading in the Forex upcoming week of July27, 2014
Target Trading in the Forex upcoming week of July27, 2014
Saturday, July 26, 2014 - 11:27

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3432.  The pair is in a nice channel inside the downtrend.  We are looking for continuation to the S6 @ 1.3354 and a corrective bounce there for a continuation to 1.3110. The average daily true range (ATR) for the pair currently is 40 pips.

 

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 101.84.  We are still in a range and the failure of the descending wedge break could mean the bulls are back.   If so look for the R4 @ 103.09 as the target.  A break down targets the 0.618 Fibo @ 99.83.    The average daily true range (ATR) for the pair currently is ONLY 27 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6977.  We are still making new highs but reacted nicely at the 0.618 Fibo ( which ultimately may be a right shoulder of a head and shoulders reversal).  Look for the continuation to the R9 @ 1.7394. The average daily true range (ATR) for the pair currently is 57 pips.

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

What ProAct  Forex Target Traders See:  Aussie is @ 0.9396  and attempting a trend breakout after a head & shoulders reversal pattern.  IF it continues look to break the neckline and then go to the former R6 target @ the 0.382 Fibo and then the 0500 Fibo @ 0.9198 which is a support area. The average daily true range (ATR) for the pair currently is 46 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. 

$GBPUSD- bounce or Break?
Thursday, July 24, 2014 - 07:53

Currently we are at 1.7005-finally completing the correction. A couple of different scenarios.  1:  bullish: bounce here and a move to the upper chart trend line @ 1.7095 area) 2: Bearish : A break down here would target the S4 Support @ 1.6950. The average daily true range (ATR) for the pair currently is 57 pips.

GBPCHF- Continuation?
Tuesday, July 22, 2014 - 07:36
Target Trading in the Forex upcoming week of July20, 2014
Target Trading in the Forex upcoming week of July20, 2014
Target Trading in the Forex upcoming week of July20, 2014
Target Trading in the Forex upcoming week of July20, 2014
Saturday, July 19, 2014 - 10:21

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3525 IF we can take out the former support @ 1.3491.  We are looking for breakdown to the support at 1.3385. The average daily true range (ATR) for the pair currently is 39 pips.

 

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$USDJPY                                                                                                                                               

What ProAct Forex Target Traders See:  We are currently @ 101.36 – 4 pips off of last week.  We are still in a range and a descending wedge so we are looking for a continuation to the S4 @ 100.50 as the target.     The Pair is extremely reluctant to moving into this range so be ready for a bounce. The average daily true range (ATR) for the pair currently is ONLY 31 pips.

 

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$GBPUSD                                                                                                          

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.7086.  We continue to show signs of even higher highs and currently the bull flag confirms another run to the top.  Look for the next target @ 1.7300.   If we get a breakdown - target the 1.6926.  The average daily true range (ATR) for the pair currently is 57 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.9393- 2 pips off of last week and in a rectangle pattern which is bearish.  We continue to look lower to the S4 @ 0.9266 for the next move and maybe as low as the support @ 0.9200.  The average daily true range (ATR) for the pair currently is 45 pips.

 

Forex Trading Software and Live Forex Trade Room

 

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


IMPORTANT NOTICE: These comments are for information 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. 

$NZDUSD - continuation?
Friday, July 18, 2014 - 09:05

Currently we are at 0.8667.We are looking for a continuation to the S4/.500 fibo area @ 0.8604AFTER the break of the descending wedge.  The average daily true range (ATR) for the pair currently is 43 pips.

$AUDUSD- Bounce?
Thursday, July 17, 2014 - 08:07

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