$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0827 and ranging. I have posted the inset of the USDX which is potentially close to topping out so we are setting up for an interesting opportunity. If the USDX reacts to the downside at the top, we should see Euro strength up to 1.1202 and maybe higher. Short term of course you can see a potential move down to the 1.0500. The average daily true range (ATR) for the pair currently is 82 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.11 and a nice reaction from the BOJ. We are looking for a pullback to the R4/0.500 Fibo and then a bounce to 122.53 with a further target @ 123.62. The average daily true range (ATR) for the pair currently is 112 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4241 and while currently still in a range, is most likely in a 5th wave down. We are looking for a continuation to the S5 @ 1.43370 and then a continuation to the S6 area @ 1.3804-38. The average daily true range (ATR) for the pair currently is 133 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7068 and still in a large range. A couple of different scenarios: 1: Bullish: a move to the square up @ 0.7267 area) and 2: Bearish: A break down to the support @ 0.6816. The average daily true range (ATR) for the pair currently is 94 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.0827 and ranging. I have posted the inset of the USDX which is potentially close to topping out so we are setting up for an interesting opportunity. If the USDX reacts to the downside at the top, we should see Euro strength up to 1.1202 and maybe higher. Short term of course you can see a potential move down to the 1.0500. The average daily true range (ATR) for the pair currently is 82 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.11 and a nice reaction from the BOJ. We are looking for a pullback to the R4/0.500 Fibo and then a bounce to 122.53 with a further target @ 123.62. The average daily true range (ATR) for the pair currently is 112 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4241 and while currently still in a range, is most likely in a 5th wave down. We are looking for a continuation to the S5 @ 1.43370 and then a continuation to the S6 area @ 1.3804-38. The average daily true range (ATR) for the pair currently is 133 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7068 and still in a large range. A couple of different scenarios: 1: Bullish: a move to the square up @ 0.7267 area) and 2: Bearish: A break down to the support @ 0.6816. The average daily true range (ATR) for the pair currently is 94 pips.
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