Target Trading in the Forex week of July 29th, 2018 EU UJ GU AU

Note: USDX is ultimately Bearish.We have divergence so looking for the continuation to the upside and then a move to the 0.618 Fibo @ 94.736 and a bounce there. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have DECREASED.

$EURUSD

What ProAct Traders See: Bullish: We are currently sitting @ 1.1574 in a range. We are looking to move to finish the down move shortly and bounce to the 0.500 Fibo @1.1681.The ATR for the the pair currently is 74 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 111.22 in a range. We are looking to continue the move to the square up @ 109.90 and then a bounce.The average daily true range (ATR) for the pair currently is 70 pips.

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$GBPUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.3003 at the bottom of a range.We are looking for a continuation to the 0.618 Fibo @ 1.3149 and then to the 0.382 Fibo @ 1.3276. The average daily true range (ATR) for the pair is 97 pips.

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

What ProAct Traders See:Up and down: We are currently sitting @ 0.7401 in a range.We are looking for a continuation to the 0.214 Fibo @ 0.7451 and then back down to the 0.786 Fibo @ 0.7357.The average daily true range (ATR) for the pair currently is 65 pips.

Posted to Introduction to Forex Tar... on Aug 04, 2018 — 9:08 AM

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