Target Trading in the Forex week of Nov 20th, 2016 EU,UJ,GU,AU

Short week: Thanksgiving is Thursday in the USA

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0845at the bottom of the day chart trend. A couple of different scenarios: 1: Bullish: a bounce on the bottom and a move back to the 0.214 Fibo @ 1.0834 2: Bearish: A break down to the 1.618 Fibo extension @ 1.0336. The average daily true range (ATR) for the pair currently is 104 pips.

————————————————————————--

$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.83 in a range. A couple of different scenarios: 1: Bullish: a bounce of the top and a move to the 1.270 Fibo extension @ 114.55 2: Bearish: A break down to the 0.382 Fibo @ 106.85. A bounce there might mean we are trending. The average daily true range (ATR) for the pair currently is 142 pips.

——————————————————————————–

$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2364 and in a large range. We are looking for a continuation to the day chart bottom @ 1.2088 and then a bounce. The average daily true range (ATR) for the pair currently is 126 pips.

——————————————————————————–

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

What ProAct Forex Target Traders See: Aussie is @ 0.7535 and attempting to trend. We are looking for a bounce back to the resistance and then a continuation to the move to the trend bottom near 0.7168. The average daily true range (ATR) for the pair currently is 83 pips.

Read More
Comments

$USDCHF - continuation?

Currently we are 1.0012. We are looking for a continuation move to the 1.0050 area and then possible the top @ 1.0097. As long as USDX stays strong this is in play. The average daily true range (ATR) for the ...

Read More
Comments

Target Trading in the Forex week of Nov 13th, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0845 bat the bottom of a range. A couple of different scenarios: 1: Bullish: a bounce on the range bottom and a move back to the 0.500 ...

Read More
Comments

$EURNZD- corrective wave?

Currently we are 1.5128. We are looking for a continuation move to the possible trend top @ 1.5160 area and then the start of the 5th wave down. The initial target is 1.5028. The average daily true range (ATR) ...

Read More
Comments

$EURJPY- channel?

Currently we are 114.27. If we can break this support, we are looking for an move to the 0.786 Fibo @ 113.13. The overall target is 112.34. The average daily true range (ATR) for the pair currently is 69 pips.

Read More
Comments

$AUDJPY- channel?

Currently we are 80.73. If we can break this resistance, we are looking for an move to the Day top @ 81.53. USA election will most likely curtail all moves today. The average daily true range (ATR) for the pair ...

Read More
Comments

Target Trading in the Forex week of Nov 6th, 2016 EU,UJ,GU,AU

Note: watch the USA election it could change drastically on Nov 8th

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1086 breaking out of a Pennant in a range. We are looking for a continuation ...

Read More
Comments

$EURAUD- Slope break?

Currently we are 1.4420. If we can break this slope support, we are looking for an initial move to the double bottom @ 1.4324 and a POSSIBLE overall target @ 1.4275. The average daily true range (ATR) for the pair ...

Read More
Comments

$AUDUSD- Slope break?

Currently we are 1.2215 in a range. If we can break this slope support, we are looking for an initial move to the range top @ 0.7720 and a POSSIBLE overall target @ 0.7810. The average daily true range (ATR) ...

Read More
Comments

$GBPUSD- Break down?

Currently we are 1.2215 in a range and channel. If we can break this slope support, we are looking for an initial move to the 0.214 Fibo @ 1.2136 and an overall target @ 1.2090. The average daily true range ...

Read More
Comments

$AUDJPY- Channel?

Currently we are 79.98 in a range and channel. If we can break this resistance, we are looking for an initial move to the 1.270 Fibo @ 80.75 and an overall target @ 81.30-50. The average daily true range (ATR) ...

Read More
Comments

Target Trading in the Forex week of Oct 31st, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0983 breaking out of a down channel in a range. We are looking for a continuation to the 0.382 Fibo @ 1.1070 with an overall target this ...

Read More
Comments