Target Trading in the Forex week of February 12th , 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0633 out of a rising wedge which is bearish. We are looking to continue up to the 0.618 Fibo @ 1.0528 and then continue to the 0.786 Fibo @ 1.0445. The average daily true range (ATR) for the pair currently is 75 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 113.39 still in a large channel but with the break of a falling wedge. This is bullish for the pair. We are looking to initially move up to the 0.500 Fibo @ 115.12 and then continue to the 0.786 Fibo @ 117.11. The average daily true range (ATR) for the pair currently is 118 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2483. We are in a large range and in a down channel. We are looking to continue to the 0.500 Fibo @ 1.2344 and then on to the 0.786 Fibo @ 1.2140. The average daily true range (ATR) for the pair currently is 107 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7676 breaking out of the top of a channel. The trend is your friend till it bends – we are bending. We are looking to the 0.382 @ 0.7493 initially and then to the 0.500 Fibo @ 0.7429. The average daily true range (ATR) for the pair currently is 56 pips.

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$CADJPY-continuation?

Currently we are @ 85.12. IF we can break this support we are looking to continue to the Day bottom @ 84.35. The average daily true range (ATR) for the pair currently is 78 pips.


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$GBPAUD-continuation?

Currently we are @ 1.6225. IF we can break this support we are looking to continue to the square up @ 1.6141. The average daily true range (ATR) for the pair currently is 155 pips.


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$USDJPY-continuation?

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Target Trading in the Forex week of February 5th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0697 in a rising wedge which is ultimately bearish. We are looking to continue up to the 1.270 Fibo @ 1.0887 and then reverse to the 0.618 ...

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$AUDJPY-continuation?

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$EURNZD-continuation?

Currently we are @ 1.4705 after breaking a falling wedge which is bullish for the pair. We are looking for a move to the 0.786 Fibo @ 1.4788 and then a continuation to the 0.618 @ 1.4895 later this week. ...

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February’s Pay Your Mortgage Trade Setup Idea

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

We see that we have broken out of a rising wedge to the downside inside a very large range. We are potentially underway if we ...

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$EURGBP-continuation?

Currently we are @ 0.8494 after breaking a bear flag. We are looking for a move to the 0.786 Fibo @ 0.8423 and then a continuation to the S5 @ 0.8339. The average daily true range (ATR) for the pair ...

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Target Trading in the Forex week of January 29th, 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0697 in a range. We are just breaking a rising wedge which is bearish for the pair. We are looking to continue down to the square up ...

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$EURAUD-continuation?

Currently we are @ 1.4186. We are looking for a 5th wave move to the 0.500Fibo/S2 @ 1.4141 and then a continuation to the S3 @ 1.4076. The average daily true range (ATR) for the pair currently is 89 ...

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$GBPAUD-Break down?

Currently we are @ 1.6451 after an a-b-c correction. IF we can break the slope support we are looking for a move to the 0.214 Fibo @ 1.6309. The average daily true range (ATR) for the pair currently is 171 ...

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