EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.3598 after a breakout down. A couple of different scenarios: 1: bullish: a corrective move to the chart trend line at 1.3726 area) and then look to the S6 at 1.3387. 2: Bearish : A break down here to the S6 at 1.3387 with a further target at 1.3225. The average daily true range (ATR) for the pair currently is 60 pips.
USD/JPY
What ProAct Forex Target Traders See: We are currently at 102.08- same as last week this time . We are still in a range but the bear flag suggests a move back to support at 101.22. The average daily true range (ATR) for the pair currently is 35 pips.
GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.7015. It would appear that the uptrend is not over yet. Looking to see if this will be the head part of a head and shoulders pattern. If not look for the 1.7100 area with further target at the Day chart trend at 1.7190. The average daily true range (ATR) for the pair currently is 65 pips.
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.9387 after breaking the significant barrier to the upside. IF it continues look to the 0.214 Fibo at 1.9569 and maybe the R7 at0.9647. The average daily true range (ATR) for the pair currently is 49 pips.
