$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2683. We are looking for a correction and then a breakdown to the support at 1.2423. The average daily true range (ATR) for the pair currently is 81 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 109.29. There is a top @ 110.66 and we should see a correction at or near there. The average daily true range (ATR) for the pair currently is 71 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6244. We are looking for a continuation to the 1.618 fibo @ 1.6348 and then another move down to the double bottom @ 1.6058 with an overall target @ 1.6050. The average daily true range (ATR) for the pair currently is 114 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8766. We continue to look lower to the S7 @ 0.8543 after a correction. The average daily true range (ATR) for the pair currently is 95 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.2683. We are looking for a correction and then a breakdown to the support at 1.2423. The average daily true range (ATR) for the pair currently is 81 pips.
—————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 109.29. There is a top @ 110.66 and we should see a correction at or near there. The average daily true range (ATR) for the pair currently is 71 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6244. We are looking for a continuation to the 1.618 fibo @ 1.6348 and then another move down to the double bottom @ 1.6058 with an overall target @ 1.6050. The average daily true range (ATR) for the pair currently is 114 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8766. We continue to look lower to the S7 @ 0.8543 after a correction. The average daily true range (ATR) for the pair currently is 95 pips.
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.