Currently we are 1.6668 in a large range and channel. We are looking to break down to the 0.382 Fibo @ 1.6554 either now at the 0.618 Fibo or after a move to the top of the channel around 1.6727. The average daily true range (ATR) for the pair currently is 197 pips.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1311 after the reversal we anticipated last week. We are looking to work through the Fibs first to 1.1223 then 1.1148 and finally 1.1072. However, a second ...

Currently we are 0.7876 in a large range. We are looking to break down to the 0.786 Fibo @ 0.7790 and with a further target to the range bottom @0.7704 area. The average daily true range (ATR) for the pair ...

Currently we are 1.2878 in a large range. West Texas Intermediate is rallying and the USDX is correcting and the result is a chart that looks very close to the USDX (see graphic). We are looking to continue to the ...

Currently we are 1.4447 and attempting a break out of the down channel. We are looking to continue to the 0.382 Fibo @ 1.4524 and with a further target this week to the 1.4617 area. The average daily true range ...

Currently we are 1.5565 and attempting a break out of the Consolidation. We are looking to continue to the 0.618 Fibo @ 1.5676 and with a further target this week to the 1.5863 area. The average daily true range (ATR) ...

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1404 in a potential reversal. As long as USDX is strengthening we are looking for a continuation move down to the 0.500 Fibo@ 1.1148 after a wave ...

Currently we are 1.4440 after breaking out of the Consolidation. We are looking to continue to the 0.618 Fibo @ 142.97 and with a further target next week to the 1.4169 area. The average daily true range (ATR) for the ...

Currently we are 122.36 after breaking out of the Gear flag. We are looking to continue to the 1.618 Fibo @ 121.56 and then continue to the 120.36-69 area. The average daily true range (ATR) for the pair currently is ...

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the GBPCHF pair. This month’s is different in that both Elkana and I have the same currency pair but with a differing view, so we will see which ...

Currently we are 1.4677 after breaking out of the ascending wedge and a large range. This indicates we are finally trending. We are looking to continue to the 1.618 /Fibo @ 1.4791 and stall or bounce there. The average daily ...

Currently we are 0.9844 in a large range just out of a bear flag. We are looking to continue to the 0.214 Fibo @ 0.6769 with a continuation to 0.6679. The average daily true range (ATR) for the pair currently ...