Blog Roll

Target Trading in the Forex upcoming week of August 31st, 2014
Target Trading in the Forex upcoming week of August 31st, 2014
Target Trading in the Forex upcoming week of August 31st, 2014
Target Trading in the Forex upcoming week of August 31st, 2014
Saturday, August 30, 2014 - 09:13

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3140.  The pair is close to our near term target of 1.3088.  We are looking for a short correction up to start a 4th wave  up before the resumption to the downside.  The average daily true range (ATR) for the pair currently is 52 pips.

 

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 105.05 just 9 pips above the103.96 where we were a week ago. We are no longer in a range but we are still ranging 9Just is a very tight area) and have 3 nice waves in place. We are looking for a corrective wave back to the 103.00-13 area and then a bounce to the target @ 104.86.  The average daily true range (ATR) for the pair currently is 44 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6603.  We expect a bounce shortly but the rectangle suggests more downside first.  Our immediate target is the 1.618 fibo @ 1.6465.  The average daily true range (ATR) for the pair currently is 50 pips.

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

What ProAct  Forex Target Traders See:  Aussie is @ 0.9284  and appears to have finished a 4th corrective wave.  We are looking to continue down to the S3 target of the 5th wave @ 0.9231 with a possible bottom at the 0.9200 area. The average daily true range (ATR) for the pair currently is 40 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. 

$GBPAUD- flag Break?
Friday, August 29, 2014 - 08:29

Currently we are at 1.7748 in a bear flag. If we get a break of the flag we are looking for a continuation to the 1.270 Fibo  Support area @ 1.7650.  The average daily true range (ATR) for the pair currently is 93 pips.

$CADJPY- continuation?
Thursday, August 28, 2014 - 07:54
Target Trading in the Forex upcoming week of August 24th, 2014
Target Trading in the Forex upcoming week of August 24th, 2014
Target Trading in the Forex upcoming week of August 24th, 2014
Target Trading in the Forex upcoming week of August 24th, 2014
Saturday, August 23, 2014 - 09:08

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3243.  The pair is close to our target of 1.3194.  We are looking for a short correction up to get to the target and then start a 4th wave  up before the resumption to the downside.  The average daily true range (ATR) for the pair currently is 51 pips.

 

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 103.96.  We are no longer in a range and have 3 nice waves in place. We are looking for a corrective wave back to the 103.00-13 area and then a bounce to the target @ 104.81.  The average daily true range (ATR) for the pair currently is 42 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6573.  We said last week to look to the S6 support @ 1.6580.  We expect a bounce shortly but the rectangle suggests more downside first.  Our immediate target is the S5 @ 1.6467.  The average daily true range (ATR) for the pair currently is 53 pips.

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

What ProAct  Forex Target Traders See:  Aussie is @ 0.9284  in a wedge pattern.  We are making an assumption that the double bottom was the low and we are in an up move.  This will not be confirmed until we are above 0.9328.  If so, we are looking to continue to the R3 target @ 0.9383 with a possible top at the 0.9400 area. The average daily true range (ATR) for the pair currently is 42 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. 

$AUDCHF- wedge break?
Friday, August 22, 2014 - 08:14

Currently we are at 0.8494. We have a break of the wedge and looking for a continuation to the resistance area @ 0.8515 with an overall target @ 0.8540.  The average daily true range (ATR) for the pair currently is 42 pips.

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