Target Trading in the Forex week of February 19th , 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0606 and possibly trying to trend up (look to the USDX for clues). A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 1.0706 area and 2: Bearish: A break down to the double bottom support @ 1.0520. The average daily true range (ATR) for the pair currently is 66 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.93 still in a large channel and following the USDX down. We are looking to initially move up to the day chart bottom @ 111.93 and maybe continue to the 1.270 Fibo @ 109.71. The average daily true range (ATR) for the pair currently is 102 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2412. We are in a large range and in a bearish pennant. We are looking to continue to the 0.618 Fibo @ 1.2260 and then on to the 0.786 Fibo @ 1.2140. The average daily true range (ATR) for the pair currently is 92 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7659 in a range. A couple of different scenarios: 1: Bullish: a move to the square up @ 0.7601 area and bounce 2: Bearish: A break down to the 0.382 @ 0.7493. The average daily true range (ATR) for the pair currently is 56 pips.

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$EURUSD-Range Trade?

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$AUDUSD-Range Trade?

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$GBPCHF-channel continuation?

Currently we are @ 1.2524 back in the channel after a false breakout. We are looking to continue to the 0.382 Fibo @ 1.2443 with another target @ 1.2405. The average daily true range (ATR) for the pair currently ...

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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 ...

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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 ...

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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 ...

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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 ...

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