What Forex Target Traders See: We are currently sitting @ 1.2728 @ the 0.214 Fibo after breaking back into the downtrend after a false breakout. We are bearish below 1.2800 and waiting for the pullback to finish. We are looking for downward traction first to the 1.270 Fib extension @ 1.2603 area. . A break there would target the support cluster around 1.2528. The average daily true range (ATR) for the pair currently is 77 pips.
What Forex Target Traders See: We are currently @ 79.48 after a pullback to the 0..618 fibo @ 79.02. We are bullish above 79.02. Looking to move first to the R4 @ 80.27 the the second wave R5 resistance @ 80.91 as the target. The average daily true range (ATR) for the pair currently is 57 pips.
What Forex Target Traders See: Cable is currently @ 1.5883. We are in a large down trend. The targets down are: bottom @ 1.5800, Then 1.618 fibo extension support @ 1.5713. Overall target is 1.5600 support area. The average daily true range (ATR) for the pair currently is 70 pips.
$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0334. We have a significant breakout to the downside on the Aussie and are looking for continued correction to the 1.0250. Look for a bounce there. The average daily true range (ATR) for the pair currently is 62 pips.