Target Trading in the Forex upcoming week of Nov 8th, 2015
$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0746 after a big reaction to NFP. We are looking for a corrective move first and then a move to the 1.618 Fibo @ 1.0687 with an overall target of 1.0532 this week. The average daily true range (ATR) for the pair currently is 108 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 123.24 and out of the range. We are looking for a correction and then a continuation to the 124.00 area with an overall target of 125.00. The average daily true range (ATR) for the pair currently is 83 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5041. We are looking for a correction initially, then a move to the 1.270 Fibo @ 1.4958 with an overall target of 1.4767. The average daily true range (ATR) for the pair currently is 102 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7040. We are looking for a corrective move first and then a continuation to the S5 @ 0.7005 with an overall target @ 0.6950. The average daily true range (ATR) for the pair currently is 70 pips.
$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0746 after a big reaction to NFP. We are looking for a corrective move first and then a move to the 1.618 Fibo @ 1.0687 with an overall target of 1.0532 this week. The average daily true range (ATR) for the pair currently is 108 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 123.24 and out of the range. We are looking for a correction and then a continuation to the 124.00 area with an overall target of 125.00. The average daily true range (ATR) for the pair currently is 83 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.5041. We are looking for a correction initially, then a move to the 1.270 Fibo @ 1.4958 with an overall target of 1.4767. The average daily true range (ATR) for the pair currently is 102 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7040. We are looking for a corrective move first and then a continuation to the S5 @ 0.7005 with an overall target @ 0.6950. The average daily true range (ATR) for the pair currently is 70 pips.
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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.
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