Blog Roll

$USDJPY Continuation?
Thursday, March 23, 2017 - 07:33

Currently we are @ 110.97 in a range.  IF we can break the support here we are looking to continue to the 1.270 Fibo @ 110.15 and then to the support @ 109.80. The average daily true range (ATR) for the pair currently is 78 pips.

$GBPCHF Triangle?
Wednesday, March 22, 2017 - 07:30

Currently we are @ 1.2364 in a range.  IF we can break the support here we are looking to continue to the 0.618 Fibo @ 1.2293 and then to the 0.786 Fibo @ 1.2293. The average daily true range (ATR) for the pair currently is 81 pips.


Japanese fiscal year-end
Tuesday, March 21, 2017 - 14:58

Thanks to James L for this

 

Missed all the live sessions so far this week so I don't know if you guys talked about this, but it is the Japanese fiscal year-end on March 31st so that might impact the Yen pairs and possibly others in the next few weeks and we might want to be aware of that.

 

Interesting short article about it: http://www.nasdaq.com/article/countdown-to-the-japanese-financial-year-end-and-what-it-means-for-fx-cm583632

 

Cheers!

James L

$AUDCHF Triangle?
Tuesday, March 21, 2017 - 08:03

Currently we are @ 0.7695 in a range.  We are looking to break the slope support and continue to the 0.618 Fibo @ 0.7606 and then to the 0.786 Fibo @ 0.7550. The average daily true range (ATR) for the pair currently is 54 pips.


$GBPJPY-Triangle?
Monday, March 20, 2017 - 07:35

Currently we are @ 139.73 in a triangle in a range.  We are looking to breakout and continue to the support @ 138.58 0.8628 and then to the 0.500 Fibo @ 137.63. The average daily true range (ATR) for the pair currently is 93 pips.

Target Trading in the Forex week of March 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 19th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 19th , 2017 EU,UJ,GU,AU
Saturday, March 18, 2017 - 09:18

Note: ATR’s still low and FOMC not yet filtered out

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0742 in a large range.  IF we have continued USDX weakness look for a move to the day top @ 1.0860 and then a bounce back there.  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 sitting @ 112.68 in a large channel.  We are looking for a continued break down to the square up @ 112.26 and then a continuation to the day chart bottom @ 111.38. The average daily true range (ATR) for the pair currently is 77 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2391.  We are either in a large range or we are in a 4th correction wave and setting up for a 5th wave down.   A couple of different scenarios:  1:  Bullish: a break above the current channel and look to the 1.2701 area 2: Bearish: A break down to the double bottom support @ 1.1992.  The average daily true range (ATR) for the pair currently is 77 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7702 in a range. A couple of different scenarios:  1:  Bullish: a move to the upper resistance @ 0.7782 area and then a break up to the 1.618 Fibo @ 0.7891 2: Bearish: A break down @ the 0.7782 to stay in the range back to the 0.382 Fibo @ 0.7656. The average daily true range (ATR) for the pair currently is 61 pips.

$EURGBP-Breakdown?
Wednesday, March 15, 2017 - 07:37

Currently we are @ 0.8709 after a breakout of a channel in a range.  We are looking to continue to the 0.500 Fibo @ 0.8628 and watch for a bounce there before resumption to the 0.786 Fibo @ 0.8499. The average daily true range (ATR) for the pair currently is 52 pips.


$EURAUD-Breakdown?
Tuesday, March 14, 2017 - 07:46

Currently we are @ 1.4072 looking to breakout of a channel in a range.  We are looking to continue to the 0.382 Fibo @ 1.3973 and watch for a bounce there. The average daily true range (ATR) for the pair currently is 96 pips.

Target Trading in the Forex week of March 12th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 12th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 12th , 2017 EU,UJ,GU,AU
Target Trading in the Forex week of March 12th , 2017 EU,UJ,GU,AU
Saturday, March 11, 2017 - 08:54

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0692 in a large range.  If they keep the current move going look to the 1.0850 area for the target and watch for a reversal there..  The average daily true range (ATR) for the pair currently is 64 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently sitting @ 114.82 in a large channel.  We are looking for a continued break down to the 0.786 Fibo @ 112.34. The average daily true range (ATR) for the pair currently is 84 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.2178.  We are in a large range near the bottom.   We are looking to continue to the support @ 1.1991 and bounce. The average daily true range (ATR) for the pair currently is 83 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7541 in a range. A couple of different scenarios:  1:  Bullish: a move to the upper resistance @ 0.7882 area and 2: Bearish: A break down to the 0.618 Fibo @ 0.7366. The average daily true range (ATR) for the pair currently is 55 pips.

$CADJPY-channel?
Thursday, March 9, 2017 - 08:34

Currently we are @ 74.72 in a channel in a range.  We are looking to continue to the 1.618 fibo @ 84.38 and then continue to the support @ 84.22. The average daily true range (ATR) for the pair currently is 52 pips.


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