Target Trading in the Forex week of March 12th , 2017 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0692 in a large range. If they keep the current move going look to the 1.0850 area for the target and watch for a reversal there.. The average daily true range (ATR) for the pair currently is 64 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 114.82 in a large channel. We are looking for a continued break down to the 0.786 Fibo @ 112.34. The average daily true range (ATR) for the pair currently is 84 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2178. We are in a large range near the bottom. We are looking to continue to the support @ 1.1991 and bounce. The average daily true range (ATR) for the pair currently is 83 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7541 in a range. A couple of different scenarios: 1: Bullish: a move to the upper resistance @ 0.7882 area and 2: Bearish: A break down to the 0.618 Fibo @ 0.7366. The average daily true range (ATR) for the pair currently is 55 pips.

Posted to Introduction to Forex Targe… on Mar 11, 2017 — 8:03 AM
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