Target Trading in the Forex upcoming week of Aug 9th, 2015

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0915 and in the continuation of a 5th wave. Look to the strong support @ 1.0684 as an interim target in route to 1.0461. The average daily true range (ATR) for the pair currently is 91 pips.

————————————————————————--

$USDJPY

What ProAct Forex Target Traders See: We are currently @ 124.22 and finally trending. WE are looking to complete a 3rd wave with an upside target of the 1.270 Fib Extension @ 126.79. The average daily true range (ATR) for the pair currently is 60 pips.

——————————————————————————–

$GBPUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.5486 still in a sideways move. A couple of different scenarios: 1: Bullish: a move to the top of the range @ 1.5650 area and 2: Bearish: A break down to the support @ 1.5340. The average daily true range (ATR) for the pair currently is 96 pips.

——————————————————————————–

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

What ProAct Forex Target Traders See: Aussie is @ 0.7407. We expect this to be a 5th wave to the S6 @ 0.7128. Watch for a hard bounce there. The average daily true range (ATR) for the pair currently is 76 pips.

Posted to Introduction to Forex Targe… on Aug 08, 2015 — 11:08 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
I feel I picked the right trading company.
         
See All Reviews →