Target Trading in the Forex week of Sept. 17th, 2017

Note: Currently USDX is sort of bullish after FOMC – affects the direction below so I will give both scenarios.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1944 in a range (1 pips from last weeks start). A couple of different scenarios: 1: Bullish: a move to the Day Top @ 1.2095 area and 2: Bearish: A break down to the 0.786 Fibo support @ 1.1755 and then the bottom @ 1.1659. Bearish bias! The average daily true range (ATR) for the pair currently is 87 pips.

————————————————————————--

$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 112.04 in a range. A couple of different scenarios: 1: Bullish: a move to the range top @ 114.40 area and 2: Bearish: A break down to the 0.786 Fibo support @ 109.61 and then the bottom @ 108.77. Bullish bias! The average daily true range (ATR) for the pair currently is 93 pips.

——————————————————————————–

$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.3523 in a range and a channel that continues. ATR has really risen on this pair by 50 pips a day! A couple of different scenarios: 1: Bullish: a move to the Range Top @ 1.3612 area and 2: Bearish: A break down to the 0.786 Fibo support @ 1.3441 and then the bottom @ 1.3376. Clearly bearish bias! The average daily true range (ATR) for the pair currently is 130 pips.

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

What ProAct Forex Target Traders See: We are currently sitting @ 0.7963 in a triangle. A couple of different scenarios: 1: Bullish: a move to the Day Top @ 1.8071 area and 2: Bearish: A break down to the 1.270 Fibo support @ 0.7801 and then the ...

Read More
Comments

AUDJPY- rising wedge break?

Read More
Comments

EURAUD- triangle break

Currently we are @ 1.4887 just out of a triangle. IF we can break this support we are looking for a move to the day chart bottom @ 1.4830 and then look for a bounce there. The average daily true ...

Read More
Comments

GBPUSD- triangle break

Read More
Comments

EURAUD- triangle break

Read More
Comments

Target Trading in the Forex week of Sept. 17th, 2017

Note: Currently USDX is bearish – affects the direction below

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1945 in a range. We are looking to continue up to the 0.214 Fibo @ 1.2039 and ultimately ...

Read More
Comments

EURUSD- continue

Currently we are @ 1.1852 in a well-built channel. We are looking for a move to the 0.618 Fibo @ 1.1827 and then continue to 1.1800 with an overall target @ 1.1755. The average daily true range (ATR ...

Read More
Comments

GBPAUD- bounce

Currently we are @ 1.6530 in a well-built channel. We just bounced and are looking for a move back to the double top @ 1.6600 with an overall target @ 1.6749. The average daily true range (ATR) for the pair ...

Read More
Comments

September Pay Your Mortgage Trade Setup Idea

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

09/11/17 1.6485 start

Screenshot 1: We see that we have created a nice down trend started in this pair and 2 ...

Read More
Comments

AUDUSD- 5th wave

Currently we are @ 0.8029 and starting a 5th wave. We are looking for a move to the R3/ 1.270 Fibo @ 0.8142 with an overall target @ 0.8227. The average daily true range (ATR) for the pair ...

Read More
Comments

AUDJPY- Symmetrical triangle break

Read More
Comments

Target Trading in the Forex week of September 10th, 2017

Note: Currently USDX is bearish

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.2027 in a 5th wave. We are looking to continue to the R6 @ 1.2772. The average daily true range (ATR) for ...

Read More
Comments