EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.3907 And it appears ( but no confirmation yet) that we have put the 3rd wave top in place. If so look for the correction back to 1.3800 before a move to the 5th wave. Market is also trading in a nice channel so they could simply bounce on that channel line for the top. The average daily true range (ATR) for the pair currently is 80 pips.
USD/JPY
What ProAct Forex Target Traders See: We are currently at 101.31 after breaking the 240 minute uptrend line. This sets up a nice move to the Day chart bottom once we break the diagonal to the 100.50 area. A break of that would target the S5 at 99.32 area.The average daily true range (ATR) for the pair currently is 71 pips.
GBP/USD
What ProAct Forex Target Traders See: Cable is currently sitting at 1.6636 -we are still inside a range but with a break outside the Trend line. Too early to tell if it is a false breakout so if it is look for a move back to the 1.6815 top. The pair looks very bearish though and a move to the 0.618 Fibo makes sense at 1.6474 area,. Look then to continue to the R6 at 1.6867 on the break of the pennant. The average (14 day) daily true range (ATR) for the pair currently is 85 pips.
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is at 0.9026 in a symmetrical triangle. A break up is the preferred route to the 1.270 Fibo at 0.9200 with further targetat 0.9268 The average daily true range (ATR) for the pair currently is 74 pips.
EUR/USD 240 Min Chart" title="EUR/USD 240 Min Chart" width="1678" height="999">
USD/JPY Daily Chart" title="USD/JPY Daily Chart" width="1678" height="999">
GBP/USD 240 Min Chart" title="GBP/USD 240 Min Chart" width="1678" height="999">
AUD/USD 240 Min Chart" title="AUD/USD 240 Min Chart" width="1678" height="999">