Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

FX Target Trading: Week Of March 13th, 2016

Published 03/11/2016, 05:37 PM
Updated 10/05/2023, 10:02 PM

EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1158 in a large range. We are looking for a finishing move to the range top at 1.1377 then reversal and an overall target of the 0.500 Fibo at 1.1048. The average daily true range (ATR) for the pair currently is 110 pips.
————————————————————————--
USD/JPY
What ProAct Forex Target Traders See: We are currently at 113.71. We are ranging and looking for a move first to the 0.786 Fibo and then to the range bottom at 111.00 area. The average daily true range (ATR) for the pair currently is 126 pips.
——————————————————————————–
GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.4387. We are looking for a 3rd wave move to the 1.618 Fibo at 1.4560 then a pullback and resumption to the Day top at 1.4654. The average daily true range (ATR) for the pair currently is 131 pips.
——————————————————————————–
AUD/USD – A great smooth currency for Newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7571. We are looking for a 3rd wave finishing move to the 1.270 Fibo at 0.7673 then a 4th wave pullback and an overall target of the 1.618 Fibo at 0.7904. The average daily true range (ATR) for the pair currently is 88 pips.EUR/USD 4 Hour ChartUSD/JPY Hourly ChartGBP/USD 4 Hour ChartAUD/USD 6 Hour Chart

Latest comments

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.