$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.3140. The pair is close to our near term target of 1.3088. We are looking for a short correction up to start a 4th wave up before the resumption to the downside. The average daily true range (ATR) for the pair currently is 52 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 105.05 just 9 pips above the103.96 where we were a week ago. We are no longer in a range but we are still ranging 9Just is a very tight area) and have 3 nice waves in place. We are looking for a corrective wave back to the 103.00-13 area and then a bounce to the target @ 104.86. The average daily true range (ATR) for the pair currently is 44 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6603. We expect a bounce shortly but the rectangle suggests more downside first. Our immediate target is the 1.618 fibo @ 1.6465. The average daily true range (ATR) for the pair currently is 50 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9284 and appears to have finished a 4th corrective wave. We are looking to continue down to the S3 target of the 5th wave @ 0.9231 with a possible bottom at the 0.9200 area. The average daily true range (ATR) for the pair currently is 40 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.3140. The pair is close to our near term target of 1.3088. We are looking for a short correction up to start a 4th wave up before the resumption to the downside. The average daily true range (ATR) for the pair currently is 52 pips.
—————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 105.05 just 9 pips above the103.96 where we were a week ago. We are no longer in a range but we are still ranging 9Just is a very tight area) and have 3 nice waves in place. We are looking for a corrective wave back to the 103.00-13 area and then a bounce to the target @ 104.86. The average daily true range (ATR) for the pair currently is 44 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6603. We expect a bounce shortly but the rectangle suggests more downside first. Our immediate target is the 1.618 fibo @ 1.6465. The average daily true range (ATR) for the pair currently is 50 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9284 and appears to have finished a 4th corrective wave. We are looking to continue down to the S3 target of the 5th wave @ 0.9231 with a possible bottom at the 0.9200 area. The average daily true range (ATR) for the pair currently is 40 pips.
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