$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0868 after a trend break out to the upside but still inside the pennant. We are in a looking to break the pennant but stay in a channel for the upside target initially at @ 1.1109-1.1131. The average daily true range (ATR) for the pair currently is 134 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 118.87 but still ranging. Looking now for a move down to support @ 117.94. If we get that, look to the S5 area @ 116.09. The average daily true range (ATR) for the pair currently is 82 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5180 in wave 3 which should continue to the 1.5350 area before the pullback. The 3rd wave can never be the shortest wave and wave 1 was a nice mover. The average daily true range (ATR) for the pair currently is 145 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7826 in breakout that does not yet have sure footing. We are waiting to see if this new trend will hold for a move up to the Confluence area @ 0.7921 with an overall target @ 0.8072. The average daily true range (ATR) for the pair currently is 102 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.0868 after a trend break out to the upside but still inside the pennant. We are in a looking to break the pennant but stay in a channel for the upside target initially at @ 1.1109-1.1131. The average daily true range (ATR) for the pair currently is 134 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 118.87 but still ranging. Looking now for a move down to support @ 117.94. If we get that, look to the S5 area @ 116.09. The average daily true range (ATR) for the pair currently is 82 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5180 in wave 3 which should continue to the 1.5350 area before the pullback. The 3rd wave can never be the shortest wave and wave 1 was a nice mover. The average daily true range (ATR) for the pair currently is 145 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7826 in breakout that does not yet have sure footing. We are waiting to see if this new trend will hold for a move up to the Confluence area @ 0.7921 with an overall target @ 0.8072. The average daily true range (ATR) for the pair currently is 102 pips.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.