Scott Barkley's Blog – April 2015 Archive (16)

$GBPJPY- more left?

Currently we are at 183.39 in a correction. We are looking for a continuation to the Resistance area @ 184.76-185.12 with an overall target @ 187.70.  The average daily true range (ATR) for the pair currently is 150 pips.

Added by Scott Barkley on April 30, 2015 at 12:44pm — No Comments

$GBPNZD- BOX?

Currently we are at 1.9970 after a nice pullback. We are looking for a continuation to the Top of the box resistance area @ 2.0096 with an overall target @ 2.0241.  The average daily true range (ATR) for the pair currently is 200 pips.

Added by Scott Barkley on April 29, 2015 at 12:41pm — No Comments

$EURJPY- Breakout?

Currently we are at 130.12 after a nice breakout of the old trend. We are looking for a continuation to the resistance area @ 130.99 with an overall target @ 132.24.  The average daily true range (ATR) for the pair currently is 131 pips.

Added by Scott Barkley on April 28, 2015 at 12:39pm — No Comments

$CADJPY- more left?

Currently we are at 98.25 after a nice bounce. We are looking for a continuation to the Resistance area @ 99.36 with an overall target @ 100.07.  The average daily true range (ATR) for the pair currently is 102 pips.

Added by Scott Barkley on April 27, 2015 at 12:46pm — No Comments

Target Trading in the Forex upcoming week of April 27, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0868 after a trend break out to the upside but still inside the pennant.  We are in a looking to break the pennant but stay in a channel for the upside target initially at @ 1.1109-1.1131.  The average daily true range (ATR) for the pair currently is 134 pips.

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Added by Scott Barkley on April 25, 2015 at 2:08pm — No Comments

$EURAUD- more left?

Currently we are at 1.3955. We are looking for a continuation to the R4 résistance area @ 1.4012 with an overall target @ 1.4059.  The average daily true range (ATR) for the pair currently is 173 pips.

Added by Scott Barkley on April 23, 2015 at 12:45pm — No Comments

EURGBP – Big opportunity?

Currently we are at 0.7126.  We are looking for a continuation to the S7 support area @ 0.7019 with an overall target @ 0.6947. There is little to stop this in this area. The average daily true range (ATR) for the pair currently is 94 pips.

Added by Scott Barkley on April 22, 2015 at 12:40pm — No Comments

$USDCAD- Flag?

Currently we are at 1.2222 in a bear flag which is bearish. We are looking for a flag break and then a continuation to the 1.270 Fibo support area @ 1.2122 with an overall target @ 1.2013.  The average daily true range (ATR) for the pair currently is 139 pips.…

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Added by Scott Barkley on April 21, 2015 at 12:39pm — No Comments

$GBPUSD- more ranging?

Currently we are at 1.4900 in a range. We are looking for an initial continuation to the 0.500 Fibo support area @ 4.4806 with an overall target @ 1.4710.  The average daily true range (ATR) for the pair currently is 141 pips.

Added by Scott Barkley on April 20, 2015 at 12:38pm — No Comments

Target Trading in the Forex upcoming week of April 19, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0817 anticipating that this will be a real break out to the upside.  We are looking for the upside target initially at the R5 @ 1.0907 and a continuation to the 2.618 Fibo @ 1.0164. The average daily true range (ATR) for the pair currently is 137 pips.

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Added by Scott Barkley on April 17, 2015 at 9:31pm — No Comments

$GBPAUD- continuation?

Currently we are at 1.9437 at a major resistance. We are looking for a continuation to the S6 support area @ 1.9523 with an overall target @ 1.9575.  The average daily true range (ATR) for the pair currently is 207 pips.

Added by Scott Barkley on April 15, 2015 at 12:44pm — No Comments

$EURNZD- more left?

Currently we are 1.4171.  We are looking for a continuation BELOW 1.4100 to the 1.4000 area with an overall target @ 1.3891.  The average daily true range (ATR) for the pair currently is 94 pips.

Added by Scott Barkley on April 14, 2015 at 12:56pm — No Comments

$AUDJPY- breakdown?

Currently we are at 91.29 and trying to breaking down. We are looking for a continuation to the 0.786 Fibo support area @ 90.51 with an overall target @ 88.87.  The average daily true range (ATR) for the pair currently is 94 pips.

Added by Scott Barkley on April 13, 2015 at 12:42pm — No Comments

Target Trading in the Forex upcoming week of April 12, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0607 and back in the down trend.  We are looking for  the downside target at the S6 @ 1.0424 and possibly the 2.618 Fibo @ 1.0151. The average daily true range (ATR) for the pair currently is 134 pips.

 

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$USDJPY …

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Added by Scott Barkley on April 11, 2015 at 4:22pm — No Comments

$NZDUSD- breakdown?

Currently we are at 0.7522 out of the wedge which is bearish. We are looking for a continuation to the S4 support area @ 0.7463 with an overall target @ 0.7326.  The average daily true range (ATR) for the pair currently is 120 pips.

Added by Scott Barkley on April 10, 2015 at 1:32pm — No Comments

Target Trading in the Forex upcoming week of April 5, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.0998.  Although the overall picture still suggests more downward movement, we are out of the established trend.  Until the direction can be proven expect a sideways move.  The upside target is the 1.1214 area while the downside target is the S5@ 1.0714. The average daily true range (ATR) for the pair currently is 180 pips.

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Added by Scott Barkley on April 5, 2015 at 10:10pm — No Comments

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