Target Trading in the Forex week of May 21st, 2017 EU, UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1204 at the end of a 5th wave. We are looking for this move to finish (AFTER a head and shoulders pattern) and correct back to the .0500 Fibo @ 1.0892. The average daily true range (ATR) for the pair currently is 72 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 111.18 in a large range. We are looking to initially correct and then continue DOWN to the 0.786 Fibo @ 109.56. The average daily true range (ATR) for the pair currently is 90 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.3034 and due for a correction but showing no sign of giving one. A break above 1.3050 would confirm a continuation of a 3rd wave to 1.3353. A break below the channel would confirm a 4th wave correction and look for a bounce around the 0.618 Fibo @ 1.2617. The average daily true range (ATR) for the pair currently is 75 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7456 in a nice range. If we continue to see USDX weakness, we are looking for a continuation to the 0.214 Fibo @ 0.7624. A failure to break the slope resistance would target the double bottom @ 0.7144. The average daily true range (ATR) for the pair currently is 59 pips.

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$EURAUD- channel Breakout?

Currently we are @ 1.4940 in a breakout of the established channel. We are looking to continue to build this new channel to the 0.500 Fibo @ 1.4875. The average daily true range (ATR) for the pair currently is 129 ...

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$NZDJPY- channel Breakout?

Currently we are @ 77.33 in a breakout of the established channel. We are looking to continue to the 0.786 Fibo @ 76.62. The average daily true range (ATR) for the pair currently is 78 pips.


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$CADJPY- Flag Breakout?

Currently we are @ 83.44 in a flag pattern that is bullish for the pair. We are looking to continue to the 0.214 Fibo @ 83.92 and then the day top @ 84.49. The average daily true range (ATR) for ...

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Target Trading in the Forex week of May 14th, 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0930 in a POSSIBLE Trend up???? . We are looking for a move to the day chart top @ 1.1138. The average daily true range ...

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$EURJPY- Triple top?

Currently we are @ 123.71 after printing a triple top. We are our of the channel and looking to continue to the 0.382 Fibo @ 123.03 and then the 0.500 Fibo @ 122.57. The average daily true range (ATR) for ...

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$AUDJPY- Triangle Breakout?

Currently we are @ 84.00 just out of a symmetrical triangle. We are looking to continue to the resistance @ 84.90 and then the square up @ 85.50. The average daily true range (ATR) for the pair currently is 85 ...

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May Pay Your Mortgage Trade Setup Idea

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

We see that we have finished the 5 waves to the upside and have turned to the downside. We are potentially underway and looking for ...

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$AUDNZD- Pennant Breakout?

Currently we are @ 1.0660. IF we can break this support we are looking to continue to the 0.618 Fibo @ 1.0592 and then the 0.786 Fibo @ 1.0472. The average daily true range (ATR) for the pair currently is ...

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Target Trading in the Forex week of May 7th, 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: French elections could change everything. We are currently sitting @ 1.0948 in a large range but we have bias north due to a support line and USDX currently down. We are looking ...

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$AUDJPY- Breakout?

Currently we are 83.60. IF we can break this support we are looking to continue to the 0.786 Fibo @ 83.13 and then the square up @ 82.80. The average daily true range (ATR) for the pair currently is 85 ...

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$GBPAUD- Double top?

Currently we are 1.7297. IF we can break this resistance we are looking to continue to the Top @ 1.7365 and then the R5 @ 1.446. The average daily true range (ATR) for the pair currently is 164 pips.


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