$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. We are looking finish a 3rd wave at the .214 Fibo and we should see a small correction before resumption to the R7 @1.1500 area. The average daily true range (ATR) for the pair currently is 144 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.18 but still ranging. Looking now to finish the ip move @ 120.50-70 and then a move down to support @ 118.50. The average daily true range (ATR) for the pair currently is 81 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5147. We are waiting to see if this last move was just a correction on the day chart (which is down) or a correction for further upside to the 1.5589 Top. The average daily true range (ATR) for the pair currently is 162 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7837 in a shallow trend. We are waiting to see if this bounce will hold for a move up to the R6 area @ 0.8170. The average daily true range (ATR) for the pair currently is 111 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. We are looking finish a 3rd wave at the .214 Fibo and we should see a small correction before resumption to the R7 @1.1500 area. The average daily true range (ATR) for the pair currently is 144 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 120.18 but still ranging. Looking now to finish the ip move @ 120.50-70 and then a move down to support @ 118.50. The average daily true range (ATR) for the pair currently is 81 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5147. We are waiting to see if this last move was just a correction on the day chart (which is down) or a correction for further upside to the 1.5589 Top. The average daily true range (ATR) for the pair currently is 162 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7837 in a shallow trend. We are waiting to see if this bounce will hold for a move up to the R6 area @ 0.8170. The average daily true range (ATR) for the pair currently is 111 pips.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.