Blog Roll

$USDCAD- up targets?
Monday, June 27, 2016 - 07:52

Currently we are 1.3031 trying to break out of the strong resistance. If successful, we are looking for continuation to the resistance @ 1.3147 with a further target up to the 1.3212.  The average daily true range (ATR) for the pair currently is 111 pips

$USDCHF- Rectangle break?
Thursday, June 23, 2016 - 07:40

BREXIT today – we are out of EUR and GBP Pairs

Currently we are 0.9563 trying to break out of the rectangle to the downside. If successful, we are looking for continuation to the range bottom @ 0.9442 with a further target down to the 0.9400.  The average daily true range (ATR) for the pair currently is 78 pips.

$USDCAD- Wedge break?
Wednesday, June 22, 2016 - 07:30

BREXIT today – we are out of EUR and GBP Pairs

Currently we are 1.2761 trying to break out of the rectangle to the downside. If successful, we are looking for continuation to the 1.270 Fibo Fibo @ 1.2682 with a further target down to the Range bottom @ 1.2682 this week.  The average daily true range (ATR) for the pair currently is 116 pips.

$EURJPY- Wedge break?
Tuesday, June 21, 2016 - 07:46

Currently we are 117.95 trying to break out of the wedge to the downside.  We are looking for continuation to the 0.786 Fibo @ 117.04 with a further target down to the Range bottom @ 115.57 this week.  The average daily true range (ATR) for the pair currently is 147 pips.

$USDCAD- channel break?
Monday, June 20, 2016 - 07:42

Currently we are 1.2008 in a nice range and in a breakout of the channel to the upside.  We are looking for continuation to the 0.214 Fibo @ 1.2769 with a further target down to the Range bottom @ 1.2660.  The average daily true range (ATR) for the pair currently is 116 pips.

Update on the June Pay your mortgage trade Idea.
Update on the June Pay your mortgage trade Idea.
Saturday, June 18, 2016 - 12:41

Although the wave 4 was a little longer than originally thought we are still progressing in the current structure to finish this move.  The question is that this pair will need the USDX to start buying to generate the wave to the downside for a potential 450 more pips.

 

You can compare the two charts.  First one is from May and the second is today.

 

In HIS Grip!

Scott Barkley

Target Trading in the Forex week of June 19th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of June 19th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of June 19th,, 2016 EU,UJ,GU,AU
Target Trading in the Forex week of June 19th,, 2016 EU,UJ,GU,AU
Friday, June 17, 2016 - 16:03

Note: USDX is just oscillating up and down which creates no commitment in the majors.  Watch for a definitive answer next week on USDX.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1279 in a small range.  The range has an upward bias do to the higher lows.  A couple of different scenarios:  1:  Bullish: a move to the range top @ 1.1470 area and 2: Bearish: A break down to the 0.618 Fibo @ 1.1072.  The average daily true range (ATR) for the pair currently is 93 pips.

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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 104.23 and outside the range due to BOJ monetary report.  We are looking initially for a continuation to the Day chart support @ 102.77 and a possible continuation to the S7 @ 101.41.  there is a possibility that the 3rd wave may be printed which would negate the move down temporarily.  The average daily true range (ATR) for the pair currently is 121 pips.

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$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently @ 1.4363 and in a large range. We are now looking for a continuation to the Range top @ 1.4740.  Brexit could create a down move if so, look to the range bottom @ 1.4013.  The average daily true range (ATR) for the pair currently is 167 pips.

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7397 and still in a range.   We are looking for a break of the bull flag and then an initial move to the 0.318 Fibo @ 0.7507 and a continuation to the 0.214 Fibo @ 0.7652.  The average daily true range (ATR) for the pair currently is 84 pips.

$GBPUSD- Range Trade?
Friday, June 17, 2016 - 07:38

Currently we are 1.4288 in a nice range.  We are looking for continuation to the square up @ 1.4391 with a further target UP to the 0.214 Fibo @ 1.4582.  A bounce at the square up would target the 0.786 Fibo DOWN @ 1.4168.  The average daily true range (ATR) for the pair currently is 125 pips.

$NZDUSD- Range Trade?
Thursday, June 16, 2016 - 07:46

Currently we are 0.7024 and out of the flag in a nice range.  We are looking for continuation to the 0.214 Fibo @ 0.6974 with a further target the 0.382 Fibo @ 0.6910.  The average daily true range (ATR) for the pair currently is 79 pips.

$GBPNZD- Wedge break?
Wednesday, June 15, 2016 - 07:51

Currently we are 2.0129 and trying to come out of the wedge.  If successful we are looking for continuation to the 1.270 Fibo @ 2.0073 with a further target the support @ 1.9974.  The average daily true range (ATR) for the pair currently is 283 pips.

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