Target Trading in the Forex week of April 23rd , 2017 EU,UJ,GU,AU

Note: Anticipating USDX to turn up

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0703 in a large range but we have bias north due to a support line and USDX currently down. A couple of different scenarios: 1: Bullish: a move to the 0.382 Fibo @ 1.0652 and bounce to 1.0800 area and 2: Bearish: A break down to the double bottom support @ 1.0500. The average daily true range (ATR) for the pair currently is 55 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 109.10 in a large range and in a nice channel. A couple of different scenarios: 1: Bullish: a move to the square up @ 110.54 and 2: Bearish: A break down to the 0.786 @ 107.36. The average daily true range (ATR) for the pair currently is 85 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2798. We are initially looking for a move to the double top @ 1.2906 and then to the 1.270 Fibo @1.3050 area. The average daily true range (ATR) for the pair currently is 89 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7536 at the possible start of a 5th wave. A couple of different scenarios: 1: Bullish: a move to the 0.786 Fibo @ 0.7692 and 2: Bearish: A wave continuation to the 1.618 Fibo @ 0.7301. The average daily true range (ATR) for the pair currently is 44 pips.

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$EURUSD- Flag setup?

Currently we are @ 1.0749 after a break of the flag pattern. We are looking to bounce and continue to the flag target @ 1.0802 and then the Day chart resistance @ 1.0854. The average daily true range (ATR) for ...

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$NZDJPY- slope break?

Currently we are @ 76.50 inside a channel. IF we can break this support, we are looking to continue to the support @ 75.70 and then the 1.270 Fibo @ 75.23. The average daily true range (ATR) for the ...

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$AUDJPY- range break?

Currently we are @ 82.11 inside a range. IF we can break this support, we are looking to continue to the 1.270 Fibo @ 81.71 and then the 1.618 Fibo @ 80.78. The average daily true range (ATR ...

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Target Trading in the Forex week of April 16th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0594 in a large range but we have bias north due to a support line and USDX down. A couple of different scenarios: 1: Bullish: a move to ...

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$EURAUD- channel break?

Currently we are @ 1.4026 after a break of the up channel. IF we can break this support, we are looking to continue to the 0.618 Fibo @ 1.3940. The average daily true range (ATR) for the pair currently ...

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April Pay Your Mortgage setup

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

We see that we have finished the up move of this large range and have turned to the downside. We are potentially underway and ...

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$EURGBP- pennant break?

Currently we are @ 0.8483 after a break of the pennant. IF we can break this support, we are looking to continue to the support @ 0.8400. The average daily true range (ATR) for the pair currently is 66 pips.


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$EURJPY- out of the range?

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Target Trading in the Forex week of April 9th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0594 in a large range. We are looking for a continued move down (USDX is up) to the support @ 1.0500 and then to the 0.270 Fibo ...

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$AUDUSD channel?

Currently we are @ 0.7563 in a channel in a wedge. IF we can break this support, we are looking to continue to the bottom @ 0.7493. The average daily true range (ATR) for the pair currently is 46 pips.


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$EURGBP Wedge Breakout?

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