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CADJPY- Flag

Currently we are @ 90.21. We are in a descending wedge which is bearish for the pair. We are looking to continue to the 0.382 Fibo @ 89.29 and then to the 0.500 Fibo @ 88.56 later this week. The average daily true range (ATR) for the pair currently is 79 pips. NFP has stalled all the USD pairs.

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CADJPY- Flag

October Pay Your Mortgage Trade Setup Idea

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the GBPAUD pair.

 

10/03/17 1.6927 start

 

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October Pay Your Mortgage Trade Setup Idea

GBPAUD- Flag

Currently we are @ 1.6944. We had a flag that was interrupted by the fundamental announcement but look as if all is back to normal. We are looking to continue initially to the 1.270 Fibo @ 1.6900 and then to the flag target @ 1.6812. The average daily true range (ATR) for the pair currently is 181 pips.

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GBPAUD- Flag

EURJPY- correction to 5th wave

Currently we are @ 132.50 in a 4th wave. We are looking to continue initially to the 0.618 Fibo @ 131.98 and bounce there. Initially, look to the 0.214 Fibo @ 133.41. The average daily true range (ATR) for the pair currently is 108 pips.

 

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EURJPY- correction to 5th wave

Target Trading in the Forex week of October 1, 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1819 in a range. We are looking for a continuation down to the double bottom support @ 1.1659 and then the bottom @ 1.1484. The average daily true range (ATR) for the pair currently is 81 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.52 in a range. We are looking for a continuation up to the double top resistance @ 113.26 and then the range top @ 114.37. The average daily true range (ATR) for the pair currently is 86 pips.

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NZDJPY- 5th wave

Currently we are @ 81.09 in a 5th wave. We are looking to continue initially to the 0.500 Fibo @ 80.48. A continuation here, look to the 0.618 Fibo @ 79.91. The average daily true range (ATR) for the pair currently is 103 pips.

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NZDJPY- 5th wave

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