Target Trading in the Forex week of May 7th, 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: French elections could change everything. We are currently sitting @ 1.0948 in a large range but we have bias north due to a support line and USDX currently down. We are looking for a move to the double top @ 1.1138 and then back to the 0.214 Fibo @1.0967 area. The average daily true range (ATR) for the pair currently is 78 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.48 in a large expanding wedge. A couple of different scenarios: 1: Bullish: a move to the square up @ 114.50 and 2: Bearish: A break down to the 0.500 @ 110.54. The average daily true range (ATR) for the pair currently is 86 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2981. We are looking for a continuation to the 0.618 Fibo @ 1.3240 and then correct. The average daily true range (ATR) for the pair currently is 94 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: Aussie is being a contrarian: USDX down, AUDUSD down? We are currently sitting @ 0.7422 in a large range. We are looking for a continuation to the 0.786 Fibo @ 0.7284 and then correct. The average daily true range (ATR) for the pair currently is 56 pips.

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$AUDJPY- Breakout?

Currently we are 83.60. IF we can break this support we are looking to continue to the 0.786 Fibo @ 83.13 and then the square up @ 82.80. The average daily true range (ATR) for the pair currently is 85 ...

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$GBPAUD- Double top?

Currently we are 1.7297. IF we can break this resistance we are looking to continue to the Top @ 1.7365 and then the R5 @ 1.446. The average daily true range (ATR) for the pair currently is 164 pips.


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$AUDNZD- Slope break?

Currently we are 1.0873 in a range. IF we can break this resistance we are looking to continue to the 1.000 and then the 0.382 Fibo @ 1.0756 and then bounce. The average daily true range (ATR) for the pair ...

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$GBPAUD- 4th wave?

Currently we are 1.7170 in a correction. IF we can break this resistance we are looking to continue to the 0.500 Fibo @ 1.6946 and then bounce. The average daily true range (ATR) for the pair currently is 136 pips.


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$CADJPY- break out?

Currently we are @ 87.24 after a break of the channel. IF we can break this resistance we are looking to continue to the 0.786 Fibo @ 0.82.72 and then the range top @ 83.30. The average daily true range ...

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$EURGBP- breakdown?

Currently we are @ 0.8491 in position to break the slope support. We are looking to break and continue to the 0.500 Fibo @ 0.8414 and then the range support @ 0.8332. The average daily true range (ATR) for the ...

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Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU

Note: Anticipating USDX to turn up

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0703 in a large range but we have bias north due to a support line and USDX currently down. A couple ...

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$EURUSD- Flag setup?

Currently we are @ 1.0749 after a break of the flag pattern. We are looking to bounce and continue to the flag target @ 1.0802 and then the Day chart resistance @ 1.0854. The average daily true range (ATR) for ...

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$NZDJPY- slope break?

Currently we are @ 76.50 inside a channel. IF we can break this support, we are looking to continue to the support @ 75.70 and then the 1.270 Fibo @ 75.23. The average daily true range (ATR) for the pair ...

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$AUDJPY- range break?

Currently we are @ 82.11 inside a range. IF we can break this support, we are looking to continue to the 1.270 Fibo @ 81.71 and then the 1.618 Fibo @ 80.78. The average daily true range (ATR) for the ...

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Target Trading in the Forex week of April 16th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0594 in a large range but we have bias north due to a support line and USDX down. A couple of different scenarios: 1: Bullish: a move ...

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