What I See in FX Market


$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2837. We are looking for a fast correction the finish the 4th wave and then a move down to day support @ 1.2624 The average daily true range (ATR) for the pair currently is 65 pips.
eurusd

—————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 108.95. We are looking for a continuation to the 110.31 area BUT a corrective wave back to the 106.95 area could happen at any moment. The average daily true range (ATR) for the pair currently is 58 pips. 
usdjpy

——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6301. We are waiting to break the diagonal support and our immediate target is the 0.618 @ 1.6179 then 1.6058-6000. The average daily true range (ATR) for the pair currently is 95 pips.
gbpusd
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8930. We expect a bounce @ the S6 / 0.8909 area and then a continuation to the 2.618 Fibo @ 0.8702, The average daily true range (ATR) for the pair currently is 66 pips.

audusd

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP

AUD/USD posts gain, yet dive below 0.6500 amid Aussie CPI, ahead of US GDP

The Aussie Dollar finished Wednesday’s session with decent gains of 0.15% against the US Dollar, yet it retreated from weekly highs of 0.6529, which it hit after a hotter-than-expected inflation report. As the Asian session begins, the AUD/USD trades around 0.6495.

AUD/USD News

USD/JPY finds its highest bids since 1990, approaches 156.00

USD/JPY finds its highest bids since 1990, approaches 156.00

USD/JPY broke into its highest chart territory since June of 1990 on Wednesday, peaking near 155.40 for the first time in 34 years as the Japanese Yen continues to tumble across the broad FX market. 

USD/JPY News

Gold stays firm amid higher US yields as traders await US GDP data

Gold stays firm amid higher US yields as traders await US GDP data

Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.

Gold News

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30

Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.

Read more

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data

The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.

Read more

Majors

Cryptocurrencies

Signatures