$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1107 and waiting for direction in a sideways move. The triangle suggests a downside move to the 0.786 Fibo @ 1.0951 with a continuation there to 1.0800. A break up and look to the 0.214 Fibo @ 1.1302. The average daily true range (ATR) for the pair currently is 125 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 122.74 and still ranging. Looking now to 121.95 area. The average daily true range (ATR) for the pair currently is 86 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.5586 with a breakout of the old uptrend. We expect to go to the 0.618 Fibo @ 1.5472 with a possibility of a move to the 1.5349. The average daily true range (ATR) for the pair currently is 110 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7528. We said last week “We are looking to the day chart bottom @ 0.7532”. Watch for a bounce and then continue to the 0.7382. The average daily true range (ATR) for the pair currently is 95 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1107 and waiting for direction in a sideways move. The triangle suggests a downside move to the 0.786 Fibo @ 1.0951 with a continuation there to 1.0800. A break up and look to the 0.214 Fibo @ 1.1302. The average daily true range (ATR) for the pair currently is 125 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 122.74 and still ranging. Looking now to 121.95 area. The average daily true range (ATR) for the pair currently is 86 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.5586 with a breakout of the old uptrend. We expect to go to the 0.618 Fibo @ 1.5472 with a possibility of a move to the 1.5349. The average daily true range (ATR) for the pair currently is 110 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7528. We said last week “We are looking to the day chart bottom @ 0.7532”. Watch for a bounce and then continue to the 0.7382. The average daily true range (ATR) for the pair currently is 95 pips.
Recommended Content
Editors’ Picks
AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP
AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release.
USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
Gold price remains confined in a narrow band for the second straight day on Thursday. Reduced Fed rate cut bets and a positive risk tone cap the upside for the commodity. Traders now await key US macro data before positioning for the near-term trajectory.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance Premium
This must be "opposites" week. While Doppelganger Tesla rode horrible misses on Tuesday to a double-digit rally, Meta Platforms produced impressive beats above Wall Street consensus after the close on Wednesday, only to watch the share price collapse by nearly 10%.