$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0607 and back in the down trend. We are looking for the downside target at the S6 @ 1.0424 and possibly the 2.618 Fibo @ 1.0151. The average daily true range (ATR) for the pair currently is 134 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.19 in a big channel but still ranging. Looking now for a move up above 120.74. If we get that, look to the R5 area @ 122.00. The average daily true range (ATR) for the pair currently is 83 pips
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.4646 and we have broken the range. We are looking to the 2.618 Fibo first @ 0.4504 with an overall target of the S6 @ 1.4362. The average daily true range (ATR) for the pair currently is 139 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7682 in an ever widening range with a possible rising wedge in play (bearish). We are waiting to see if this bounce on the channel is for real or a small correction for a move down. A couple of different scenarios: 1: Bullish: a move to the upper day chart trend line @ 0.7781 area) and 2: Bearish: A break down to the support @ 0.7485. The average daily true range (ATR) for the pair currently is 94 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.0607 and back in the down trend. We are looking for the downside target at the S6 @ 1.0424 and possibly the 2.618 Fibo @ 1.0151. The average daily true range (ATR) for the pair currently is 134 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.19 in a big channel but still ranging. Looking now for a move up above 120.74. If we get that, look to the R5 area @ 122.00. The average daily true range (ATR) for the pair currently is 83 pips
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.4646 and we have broken the range. We are looking to the 2.618 Fibo first @ 0.4504 with an overall target of the S6 @ 1.4362. The average daily true range (ATR) for the pair currently is 139 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7682 in an ever widening range with a possible rising wedge in play (bearish). We are waiting to see if this bounce on the channel is for real or a small correction for a move down. A couple of different scenarios: 1: Bullish: a move to the upper day chart trend line @ 0.7781 area) and 2: Bearish: A break down to the support @ 0.7485. The average daily true range (ATR) for the pair currently is 94 pips.
Recommended Content
Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.