Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Forex Target Trading: Week Of March 8, 2015

ByScott Barkley
Published 03/07/2015, 10:43 AM
Updated 10/05/2023, 10:02 PM


EUR/USD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0850 and have not been here since 2003. We should see a correction from NFP and then continued move southward toward the 1.618 Fibo @ 1.0635. The average daily true range (ATR) for the pair currently is 110 pips.

————————————————————————--
USD/JPY
What ProAct Forex Target Traders See: We are currently @ 120.69. We are “Possibly” starting to trend but still inside the range so 2 scenarios: 1) reverse on the Range top back to 118.85 or 2) break through and trend for 122.27. The average daily true range (ATR) for the pair currently is 81 pips.

——————————————————————————–
GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5052 with a breakout to the downside. We should see a correction from NFP and then continued move southward toward the Support @ 1.5012 and maybe to the S6 @ 1.4942. The average daily true range (ATR) for the pair currently is 104 pips.

——————————————————————————–
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7767 and still potentially ranging even after NFP. If we get a break down below 0.7688 that would signal a move out of the rage and the target is the support area @ 0.7593-605. The average daily true range (ATR) for the pair currently is 83 pips.EUR/USD 6-Hour ChartUSD/JPY 6-Hour ChartGBP/USD Hourly ChartAUD/USD 6-Hour Chart

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.