Target Trading in the Forex week of Oct 23rd, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0881 breaking out of a range a range. A couple of different scenarios: 1: Bullish: a bounce to the 0.382 Fibo @ 1.1054 area (this would indicate an attempt to trend) and 2: Bearish: A break down to the 2.270 support @ 1.0655. The average daily true range (ATR) for the pair currently is ONLY 65 pips.


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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 103.83 in a range. A couple of different scenarios: 1: Bullish: a break out of the range to the 1.618 Fibo @ 105.18 area (this would indicate an attempt to trend and 2: Bearish: A move to the range top then break down to the 0.786 Fibo @ 106.58. The average daily true range (ATR) for the pair currently is 82 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2222 and in a large range. We are looking for continued cable weakness in the short run and expect a move to the bottom @ 1.2100. The average daily true range (ATR) for the pair currently is 165 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7601 and in a range. We are looking for a move to the range bottom near 0.7450. The average daily true range (ATR) for the pair currently is 61 pips.

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$AUDNZD- Rising wedge breakout

Currently we are 1.0650 in a range and out of the Rising wedge. We are looking for an initial move to the 0.500 Fibo @ 1.0511 and an overall target @ 1.0451. The average daily true range (ATR) for the ...

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$EURNZD- Channel Continuation

Currently we are 1.5262 in a range and a nice channel. We are looking for an initial move to the 0.786 Fibo @ 1.5185 and an overall target @ 1.5071. The average daily true range (ATR) for the pair currently ...

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$EURAUD- Continuation

Currently we are 1.5273 in a range and a breakout of a rectangle. We are looking for an initial move to the 1.270 Fibo @ 1.5199. The average daily true range (ATR) for the pair currently is 118 pips.


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$USDCAD- Wedge breakout

Currently we are 1.3136 in a range and a breakout of a rising wedge. We are looking for an initial move to the 0.500 Fibo and then a continuation later to the 0.618 Fibo @ 1.2990. The average daily true ...

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Target Trading in the Forex week of Oct 16th, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0972 in a wedge and a range. A couple of different scenarios: 1: Bullish: a bounce to the 0.500 Fibo @ 1.1155 area and 2: Bearish: A ...

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$AUDNZD- 2 possibilities

Currently we are 1.0695 in a range and a channel. Two scenarios: Bullish: a move to the upper day chart trend line @ 1.0740 area. 2: Bearish: A break down here to the 0.214 Fibo @ 1.0628. The average daily ...

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$EURNZD- bounce

Currently we are 1.5625 in a range and a channel. We are looking to bounce here and continue to the 1.270 Fibo @ 1.5725 with the next target the 0.618 Fibo @ 1.5798. The average daily true range (ATR) for ...

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$EURJPY- channel breakout target

Currently we are 114.92 in a range and have broken out of the up channel. We are looking to continue to the 0.500 Fibo @ 114.27 with the next target the 0.618 Fibo @ 113.79. The average daily true range ...

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Target Trading in the Forex week of Oct 9th, 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1197 in a wedge and a range. NFP was negative so should keep feeding the up move at least for a short while. We are looking for ...

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$GBPCHF- channel target

Currently we are 1.2369 in a channel in a range. We are looking to continue to the 1.270 Fibo @ 1.2319. The average daily true range (ATR) for the pair currently is 99 pips.

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$AUDCHF- bounce

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