$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.3432. The pair is in a nice channel inside the downtrend. We are looking for continuation to the S6 @ 1.3354 and a corrective bounce there for a continuation to 1.3110. The average daily true range (ATR) for the pair currently is 40 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 101.84. We are still in a range and the failure of the descending wedge break could mean the bulls are back. If so look for the R4 @ 103.09 as the target. A break down targets the 0.618 Fibo @ 99.83. The average daily true range (ATR) for the pair currently is ONLY 27 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6977. We are still making new highs but reacted nicely at the 0.618 Fibo ( which ultimately may be a right shoulder of a head and shoulders reversal). Look for the continuation to the R9 @ 1.7394. The average daily true range (ATR) for the pair currently is 57 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9396 and attempting a trend breakout after a head & shoulders reversal pattern. IF it continues look to break the neckline and then go to the former R6 target @ the 0.382 Fibo and then the 0500 Fibo @ 0.9198 which is a support area. The average daily true range (ATR) for the pair currently is 46 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.3432. The pair is in a nice channel inside the downtrend. We are looking for continuation to the S6 @ 1.3354 and a corrective bounce there for a continuation to 1.3110. The average daily true range (ATR) for the pair currently is 40 pips.
—————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 101.84. We are still in a range and the failure of the descending wedge break could mean the bulls are back. If so look for the R4 @ 103.09 as the target. A break down targets the 0.618 Fibo @ 99.83. The average daily true range (ATR) for the pair currently is ONLY 27 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6977. We are still making new highs but reacted nicely at the 0.618 Fibo ( which ultimately may be a right shoulder of a head and shoulders reversal). Look for the continuation to the R9 @ 1.7394. The average daily true range (ATR) for the pair currently is 57 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.9396 and attempting a trend breakout after a head & shoulders reversal pattern. IF it continues look to break the neckline and then go to the former R6 target @ the 0.382 Fibo and then the 0500 Fibo @ 0.9198 which is a support area. The average daily true range (ATR) for the pair currently is 46 pips.
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