$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1311 after the reversal we anticipated last week. We are looking to work through the Fibs first to 1.1223 then 1.1148 and finally 1.1072. However, a second wave in not printed which means we could bounce first (look to the 0.382 Fibo) before all of this. The average daily true range (ATR) for the pair currently is 77 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 108.65 in a nice flag. We are looking initially to the 0.214 Fibo @ 110.56 with a continuation to the top@ 111.87. The average daily true range (ATR) for the pair currently is 124 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4369 and in a large range. We have buried the upside bias and now looking initially to the 0.618 Fibo @ 1.4299 and a continuation to the 0.786 Fibo@ 1.4170. The average daily true range (ATR) for the pair currently is 116 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7270 and in a 3^rd wave. We are looking for a bounce to complete the 4^th wave @ the S6/ 0.7110 and then a continuation move down to the bottom @ 0.6733. The average daily true range (ATR) for the pair currently is 98 pips.

Currently we are 0.7876 in a large range. We are looking to break down to the 0.786 Fibo @ 0.7790 and with a further target to the range bottom @0.7704 area. The average daily true range (ATR) for the pair ...

Currently we are 1.2878 in a large range. West Texas Intermediate is rallying and the USDX is correcting and the result is a chart that looks very close to the USDX (see graphic). We are looking to continue to the ...

Currently we are 1.4447 and attempting a break out of the down channel. We are looking to continue to the 0.382 Fibo @ 1.4524 and with a further target this week to the 1.4617 area. The average daily true range ...

Currently we are 1.5565 and attempting a break out of the Consolidation. We are looking to continue to the 0.618 Fibo @ 1.5676 and with a further target this week to the 1.5863 area. The average daily true range (ATR) ...

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1404 in a potential reversal. As long as USDX is strengthening we are looking for a continuation move down to the 0.500 Fibo@ 1.1148 after a wave ...

Currently we are 1.4440 after breaking out of the Consolidation. We are looking to continue to the 0.618 Fibo @ 142.97 and with a further target next week to the 1.4169 area. The average daily true range (ATR) for the ...

Currently we are 122.36 after breaking out of the Gear flag. We are looking to continue to the 1.618 Fibo @ 121.56 and then continue to the 120.36-69 area. The average daily true range (ATR) for the pair currently is ...

This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the GBPCHF pair. This month’s is different in that both Elkana and I have the same currency pair but with a differing view, so we will see which ...

Currently we are 1.4677 after breaking out of the ascending wedge and a large range. This indicates we are finally trending. We are looking to continue to the 1.618 /Fibo @ 1.4791 and stall or bounce there. The average daily ...

Currently we are 0.9844 in a large range just out of a bear flag. We are looking to continue to the 0.214 Fibo @ 0.6769 with a continuation to 0.6679. The average daily true range (ATR) for the pair currently ...

Currently we are 85.93 in a large range. We are looking to continue to the top @ 86.65 and stall or reverse here. The average daily true range (ATR) for the pair currently is 142 pips.