$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0590. We are looking for a break of the support and then a move to the S6 support @ 1.0462 with an overall target of 1.0378. The average daily true range (ATR) for the pair currently is 76 pips.
eurusd
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 122.86 in a sideways move AGAIN. We are WAITING for direction! A couple of different scenarios: 1: Bullish: a move to the upper day chart top @ 125.07 area) and 2: Bearish: A break down to the 0.500 Fibo support @ 120.84. The average daily true range (ATR) for the pair currently is 52 pips.
usdjpy
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5033. We said last week “We are looking for a move to the support @ 1.5028”. A continuation here targets the 1.4905 with a continuation to the 11.4869 support. The average daily true range (ATR) for the pair currently is 72 pips.
gbpusd
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7130 in a large box. A couple of different scenarios: 1: Bullish: a move to the upper range @ 0.7686 area) and 2: Bearish: A break down to the support @ 0.7013. The average daily true range (ATR) for the pair currently is 61 pips.

audusd
Share: Feed news

ProAct Traders™ (hereafter, PAT) assumes no responsibility for errors, inaccuracies, or omissions, nor does it warrant the accuracy or completeness of the information in the materials that comprised the text, graphics or other items contained in the ProAct Charts as a result of computer or power failures or interruptions in the electronic delivery systems via the Internet. PAT shall not be liable for any special, indirect, incidental or consequential damages including without limitation losses, lost revenue, or lost profits that may result from these materials.

Foreign Currency Trading carries a level of risk / reward that may not be suitable for all considering participation in the market known as Forex. The Forex is a "zero sum" market and its end effect is that there are an equal number of winners and losers. Consequently, the possibility exists that you could sustain an eventual loss of some or all of you initial investment. Therefore, you should never invest money that you cannot afford to lose. Before deciding to trade the Forex, you should become thoroughly educated in how the market works, have a sound money management plan and then carefully consider your investment objectives, level of experience, and risk appetite. If you have any doubts, seek advice from an independent financial advisor.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD retreats toward 1.0850 on renewed USD strength

EUR/USD retreats toward 1.0850 on renewed USD strength

EUR/USD stays under modest bearish pressure and declined toward 1.0850 in the early European session on Tuesday, pressured by the renewed USD strength. ZEW sentiment survey will be featured in the European economic docket ahead of housing data from the US.

EUR/USD News

USD/JPY extends rally beyond 150.00 as markets assess BoJ decisions

USD/JPY extends rally beyond 150.00 as markets assess BoJ decisions

USD/JPY preserves its bullish momentum after breaking above 150.00 with the 'sell the fact' reaction to the Bank of Japan's decision to end negative interest rates. In the post-meeting press conference, Governor Ueda said they will consider options for easing broadly, including ones used in the past if needed.

USD/JPY News

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting

Gold price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses.

Gold News

Why is the crypto market crashing?

Why is the crypto market crashing?

The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms. 

Read more

Lots of tension ahead of this week's Fed decision

Lots of tension ahead of this week's Fed decision

Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.

Read more

Majors

Cryptocurrencies

Signatures