What I See in FX Market


$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.1008 in a new down trend. We are looking initially for the S6 Support @ 1.10856 and we should see a continuation there to 1.0665 before the pullback. The average daily true range (ATR) for the pair currently is 144 pips.
eurusd
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.54 out of the range. Looking now to finish the 3rd wave move the R5 @ 11122.66. The average daily true range (ATR) for the pair currently is 74 pips.

usdjpy
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5476. We are looking to finish the 3rd wave to the S5 @ 1.5325 and then a correction. The average daily true range (ATR) for the pair currently is 160 pips.
gbpusd
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7818. We are waiting for a bounce to create the 2nd wave and the new trend top for a move down to the 0.786 Fibo @ 0.7685. The average daily true range (ATR) for the pair currently is 109 pips.

audusd

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD approaches 0.6900 ahead of Australian inflation

AUD/USD approaches 0.6900 ahead of Australian inflation

The Aussie is among the best performers against the Greenback this week, trading at fresh 2024 highs, not far from the 0.6900 mark. Australian inflation data taking centre stage in the Asian session.

AUD/USD News
EUR/USD extend recovery amid persistent USD weakness

EUR/USD extend recovery amid persistent USD weakness

The Euro benefited from the broad US Dollar’s weakness on Tuesday, trimming weekly losses and looking to retest the 1.1200 level. Additional gains out of the table amid discouraging European data.

EUR/USD News
Gold's unstoppable run extends beyond $2,650

Gold's unstoppable run extends beyond $2,650

Gold price keeps posting record highs on a daily basis, now comfortable above $2,650. Poor United States data fueled speculation the Federal Reserve will trim rates by another 50 bps when it meets in November.

Gold News
Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run

Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run

Bitcoin traded around $63,600 on Tuesday, as prices appear to be consolidating within the $62,000 and $64,700 key levels. On-chain data shows that the consolidation may be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million, per Farside Investors data.

Read more
RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures