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FX Target Trading: Week Of October 18th, 2015

ByScott Barkley
Published 10/16/2015, 06:23 PM
Updated 10/05/2023, 10:02 PM


EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1351 (1 pip from last week) in a sideways move. We are looking for a move to the Fibo’s at 1.1283 and 1.1241 with the overall target at 1.1182 this week. The average daily true range (ATR) for the pair currently is 85 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently at 119.49 and still ranging and a bounce off the bottom. We are looking for a continuation to the top of the range at 121.80 with a stall at the 0500 Fibo at 120.74. The average daily true range (ATR) for the pair currently is 67 pips.
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GBP/USD
What ProAct Forex Target Traders See: Sterling has finished a 4th wave and we are looking for a resumption to the downside. Once underway, look to the 1.5312, then 1.5160, then 1.5028 area. The average daily true range (ATR) for the pair currently is 98 pips.
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AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.7271 and in a large wedge and also a sideways range.. Look for that to the range bottom initially at 0.7171. Target now is down to 0.7018-060. The average daily true range (ATR) for the pair currently is 82 pips.EUR/USD 4 Hour ChartUSD/JPY 4 Hour ChartGBP/USD 4 Hour ChartAUD/USD 4 Hour Chart

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