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EURGBP- range

Currently we are @ 0.8833 in a range. We are looking to complete a move to the day chart support @ 0.8749. The average daily true range (ATR) for the pair currently is 64 pips.

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AUDUSD- channel

Currently we are @ 0.7611 in a range and in a nice channel to the upside after finishing 5 waves to the downside. We are looking to complete a move to the 0.500 Fibo resistance @ 0.7714. The overall target is 0.7900 area. We are in a possible 3rd wave? The average daily true range (ATR) for the pair currently is 43 pips (small now due to the transition from short to long).

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AUDNZD- triangle

Currently we are @ 1.1045 in a range and breaking out of a symmetrical triangle. This pair has a tendency to explode out of patterns. We are looking to complete a move to the 1.270 Fibo support @ 1.0950. The overall target is 1.0843 area. The average daily true range (ATR) for the pair currently is 58 pips.

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Target Trading in the Forex week of 11/26/2017

Note: USDX is weak at the moment- affects the movement below. Most ATR’s are dropping leading to more ranging.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1927 inside a channel in a range. We are looking to continue to the 0.382 Fibo @ 1.11889 and then continue to the top @ 1.2095. The average daily true range (ATR) for the pair currently is 68 pips.

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$USDJPY

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EURNZD- reversal

Currently we are @ 1.7183 in a range. We are looking to complete a reversal and continue to the 0.382 Fibo support @ 1.7112. The overall target is 1.7020 area. The average daily true range (ATR) for the pair currently is 140 pips.

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EURGBP- Breakdown

Currently we are @ 0.8884 in a range. We are looking to break out of the current channel and continue to the 0.786 Fibo support @ 0.8797. The overall target is 0.8749 area. The average daily true range (ATR) for the pair currently is 53 pips but typically pays 32% more money than the EURUSD.

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