Target Trading in the Forex week of January 8th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0531 in a large channel. We are anticipating an upward move in USDX which would create further selling pressure on this pair. We are looking to continue initially to the double bottom @ 1.0372 and then either bounce there or continue down to the 1.27. Fibo @ 1.0210 The average daily true range (ATR) for the pair currently is 93 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 117.02. I have adjusted my trend to be much wider. We are looking to initially correct in a 4th wave at the 0.786 Fibo @ 114.11 and then continue to the Top @ 125.91. The average daily true range (ATR) for the pair currently is 100 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2276. We are in a day chart 5th wave and just finished a 4th wave correction on the 240-min chart. We are looking to move to the 1.2000 area. The average daily true range (ATR) for the pair currently is 100 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7304. We are looking for a 5th wave continuation to the S5 bottom @ 0.6979. Watch for a bounce at the S4 @ 0.7123. The average daily true range (ATR) for the pair currently is 59 pips.

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$GBPCHF–continuation?

Currently we are @ 1.2521 and in a sideways move. If we can break the 1.2500 we are looking for a move to the 0.500 Fibo @ 1.2404 and then a continuation to the strong support @ 1.2285 later this ...

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$EURNZD–continuation?

Currently we are @ 1.5019 and have completer the turn at the top of a day chart trend. We are looking for a move to the square up @ 1.4900 and then a continuation to the strong support @ 1.4943. ...

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January’s Pay Your Mortgage Trade Setup Idea

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the AUDJPY pair.

I see that we have just finished a 4th corrective wave and anticipating the 5th wave to the up side. We already are ...

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$AUDUSD– Bear Flag continuation?

Currently we are @ 0.7213 and have filled the gap via a bear flag.. We are looking for a move to the S5@ 0.7144 and then a continuation to the 0.618 Fibo @ 0.7105. The average daily true range (ATR) ...

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$CADJPY– continuation?

Currently we are @ 87.25 and have finished the reversal. We are looking for a break of the neckline and then a move to the S4 @ 86.60. The average daily true range (ATR) for the pair currently is 86 ...

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$EURGBP – Square up Trade?

Currently we are @ 0.8432 in a range. We are looking for a move up to the square up @ 0.8300 and a bounce there back to the 0.500 Fibo @ 0.8409 with an overall target @ 0.8339. The average ...

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$EURNZD – Channel Trade?

Currently we are @ 1.5041 in a nice Channel. Today we have the GDT Price index which could provide a nice catalyst for Kiwi pairs. We are looking for a continuation move to the 0.214 Fibo @ 1.4997 with an ...

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$AUDCHF – Range Trade?

Currently we are @ 0.7457 in a nice range. We are looking for a continuation move to the double bottom @ 0.7400 with an overall target @ 0.7290. The average daily true range (ATR) for the pair currently is 61 ...

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Target Trading in the Forex week of Dec 18th , 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0434 in a 3rd wave. We are looking to continue to the S6 support of the Wave @ 1.0186 and then bounce there. The average daily ...

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$EURAUD – Range break?

Currently we are @ 1.4129 and with our first candle out of the range. If it continues we are looking for a move to the 1.618 Fibo @ 1.4044 and a bounce, there. The average daily true range (ATR) for ...

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$AUDJPY – Triangle break?

Currently we are @ 0.7592 in a triangle pattern that is bullish for the pair. We are looking for a more to the Day chart top @ 0.7652 and a reversal there. The average daily true range (ATR) for the ...

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