Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Target Forex Trading: EUR, JPY, GBP, AUD

Published 05/13/2016, 09:12 PM
Updated 10/05/2023, 10:02 PM
EUR/USD
-
GBP/USD
-
USD/JPY
-
AUD/USD
-

EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1311 after the reversal we anticipated last week. We are looking to work through the Fibs first to 1.1223 then 1.1148 and finally 1.1072. However, a second wave is not printed, which means we could bounce first (look to the 0.382 Fibo) before all of this. The average daily true range (ATR) for the pair currently is 77 pips.
——————————————————————————–
USD/JPY
What ProAct Forex Target Traders See: We are currently at 108.65 in a nice flag. We are looking initially to the 0.214 Fibo at 110.56 with a continuation to the top at 111.87. The average daily true range (ATR) for the pair currently is 124 pips.
——————————————————————————–
GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.4369 and in a large range. We have buried the upside bias and now looking initially to the 0.618 Fibo at 1.4299 and a continuation to the 0.786 Fibo at 1.4170. The average daily true range (ATR) for the pair currently is 116 pips.
——————————————————————————–
AUD/USD – A great smooth currency for newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7270 and in a 3rd wave. We are looking for a bounce to complete the 4th wave at the S6/ 0.7110 and then a continuation move down to the bottom at 0.6733. The average daily true range (ATR) for the pair currently is 98 pips.EUR/USD ChartUSD/JPY ChartGBP/USD ChartAUD/USD 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.