Target Trading in the Forex week of April 1st, 2018

Note: USDX is in a bullish move and we expect it to continue to the top.Be aware that that could change in a heartbeat and will affect the currencies below.ATR’s are finally increasing.

$EURUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.2319 in a range. We are looking for a continuation of the downside move to the square up @ 1.2235 and then a further move to 1.2151. The average daily true range (ATR) for the pair currently is 91 pips.

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$USDJPY

What ProAct Traders See: Waiting: We are currently @ 106.27 trying to make the turn to the upside. We will be looking for a continuation to the 0.618 Fibo @ 108.48. The average daily true range (ATR) for the pair currently is 80 pips.

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$GBPUSD

What ProAct Traders See:Bearish: Cable is currently sitting @ 1.4034 in a range with a flag pattern in play.We are looking for a continuation to the square up @ 1.3950 and then to the 0.786 Fibo @ 1.3879. The average daily true range (ATR) for the pair is 113 pips.

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

What ProAct Traders See:Bearish: Aussie is @ 0.7683 in a channel inside a large channel in a range.We are watching for a continuation down to the psychological support @ 0.7600 area and then to the Bottom @ 0.7500.The average daily true range (ATR) for the pair currently is 65 pips.

Posted to Introduction to Forex Tar... on Mar 31, 2018 — 9:03 AM

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