Blog Roll

Target Trading in the Forex upcoming week of April 19, 2015
Target Trading in the Forex upcoming week of April 19, 2015
Target Trading in the Forex upcoming week of April 19, 2015
Target Trading in the Forex upcoming week of April 19, 2015
Friday, April 17, 2015 - 16:25

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0817 anticipating that this will be a real break out to the upside.  We are looking for the upside target initially at the R5 @ 1.0907 and a continuation to the 2.618 Fibo @ 1.0164. The average daily true range (ATR) for the pair currently is 137 pips.

 

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 118.82 in a big downtrend but still ranging. Looking now for a move up to support @ 117.94. If we get that, look to the S5 area @ 117.06. 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 sitting @ 1.4646 and we are still in the range.  A couple of different scenarios:  1:  Bullish: a move to the R6 @ 1.5178 with a higher target @ 1.5346 area) and 2: Bearish: A break down to the0.500 Fibo and then a move to the upside.   The average daily true range (ATR) for the pair currently is 141 pips.

 

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7781 at a trend top.  We are waiting to see if this trend will hold for a move down.  A couple of different scenarios:  1:  Bullish: a move to the R5 @ 0.7930 area) and 2: Bearish: A break down to the square up @ 0.7610 which would mean it is still in a range. The average daily true range (ATR) for the pair currently is 101 pips.

 

 

Forex Trading Software and Live Forex Trade Room

 

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

My FX Street Forecast
Thursday, April 16, 2015 - 11:18

Enjpy

$EURAUD- more left?
Thursday, April 16, 2015 - 07:37

Currently we are at 1.3828 after a bounce on the support. We are looking for a shallow correction and then a continuation to the Fibo support area @ 1.3620 with an overall target @ 1.3512.  The average daily true range (ATR) for the pair currently is 172 pips.

$GBPAUD- continuation?
Wednesday, April 15, 2015 - 07:41

Currently we are at 1.9437 at a major resistance. We are looking for a continuation to the S6 support area @ 1.9523 with an overall target @ 1.9575.  The average daily true range (ATR) for the pair currently is 207 pips.

$EURNZD- more left?
Tuesday, April 14, 2015 - 07:54

Currently we are 1.4171.  We are looking for a continuation BELOW 1.4100 to the 1.4000 area with an overall target @ 1.3891.  The average daily true range (ATR) for the pair currently is 94 pips.

$AUDJPY- breakdown?
Monday, April 13, 2015 - 07:38

Currently we are at 91.29 and trying to breaking down. We are looking for a continuation to the 0.786 Fibo support area @ 90.51 with an overall target @ 88.87.  The average daily true range (ATR) for the pair currently is 94 pips.

Target Trading in the Forex upcoming week of April 12, 2015
Target Trading in the Forex upcoming week of April 12, 2015
Target Trading in the Forex upcoming week of April 12, 2015
Target Trading in the Forex upcoming week of April 12, 2015
Saturday, April 11, 2015 - 11:18

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0607 and back in the down trend.  We are looking for  the downside target at the S6 @ 1.0424 and possibly the 2.618 Fibo @ 1.0151. The average daily true range (ATR) for the pair currently is 134 pips.

 

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 120.19 in a big channel but still ranging. Looking now for a move up above 120.74. If we get that, look to the R5 area @ 122.00. The average daily true range (ATR) for the pair currently is 83 pips

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.4646 and we have broken the range.  We are looking to the 2.618 Fibo first @ 0.4504 with an overall target of the S6 @ 1.4362. The average daily true range (ATR) for the pair currently is 139 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7682 in an ever widening range with a possible rising wedge in play (bearish). We are waiting to see if this bounce on the channel is for real or a small correction for a move down.  A couple of different scenarios:  1:  Bullish: a move to the upper day chart trend line @ 0.7781 area) and 2: Bearish: A break down to the support @ 0.7485. The average daily true range (ATR) for the pair currently is 94 pips.

 

 

Forex Trading Software and Live Forex Trade Room

 

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

$NZDUSD- breakdown?
Friday, April 10, 2015 - 08:29

Currently we are at 0.7522 out of the wedge which is bearish. We are looking for a continuation to the S4 support area @ 0.7463 with an overall target @ 0.7326.  The average daily true range (ATR) for the pair currently is 120 pips.

My FX Street Forecast
Wednesday, April 8, 2015 - 14:33

Enjoy!

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