$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 117.81(just 20 pips difference from last week) in a wedge. We are looking for more ranging before a breakout and continuation to the upside to the R8 Target @ 121.30. The average daily true range (ATR) for the pair currently is 141 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.4999. We are looking for the bottom which could be the S8 @ 1.4951 or anywhere on the trend wall or the 2.618 Fib Extension. Once underway look for the 1.5100 equilibrium area. The average daily true range (ATR) for the pair is 119 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7920. We are looking for the S7 Bounce @ 0.7800 but may extend to the 1.618 fibo @ 0.7740. The average daily true range (ATR) for the pair currently is 103 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 117.81(just 20 pips difference from last week) in a wedge. We are looking for more ranging before a breakout and continuation to the upside to the R8 Target @ 121.30. The average daily true range (ATR) for the pair currently is 141 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.4999. We are looking for the bottom which could be the S8 @ 1.4951 or anywhere on the trend wall or the 2.618 Fib Extension. Once underway look for the 1.5100 equilibrium area. The average daily true range (ATR) for the pair is 119 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7920. We are looking for the S7 Bounce @ 0.7800 but may extend to the 1.618 fibo @ 0.7740. The average daily true range (ATR) for the pair currently is 103 pips.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.