Target Trading in the Forex week of April 4th , 2016 (EU,UJ,GU,AU) http://proacttraders.com/blog #forex #$$ #Proacttraders

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1394 in a large range. We are looking for a continuation move OUT to the Day chart top (which indicates trending) @ 1.1465) and a possible high at the 1.270 Fibo @ 1.1537. A failure would means still ranging and look to the 0.500 Fibo @ 1.1104. The average daily true range (ATR) for the pair currently is 80 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 111.10. We are still in the range and with a breakdown are looking for a move first to the Day chart support @ 109.67 and then to the 1.618 Fibo @ 108.73 area. If they respect the range, look higher to the 0.500 Fibo @ 112.96. The average daily true range (ATR) for the pair currently is 98 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4264. We are looking for a continuation to the 0.214 Fibo @ 1.4366 with a higher target to the range top @ 1.4500. A breakdown targets the 0.786 Fibo @ 1.3980. The average daily true range (ATR) for the pair currently is 146 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: Aussie is @ 0.7604 and still in a range. We are looking for a move to the 1.270 Fibo @ 0.7835 (which indicates trending). A breakdown in the range would target the 0.500 Fibo @ 0.7395. The average daily true range (ATR) for the pair currently is 90 pips.

Posted to Introduction to Forex Targe… on Apr 04, 2016 — 4:04 PM
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