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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$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 118.82 in a big downtrend but still ranging. Looking now for a move up to support @ 117.94. If we get that, look to the S5 area @ 117.06. 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 sitting @ 1.4646 and we are still in the range.  A couple of different scenarios:  1:  Bullish: a move to the R6 @ 1.5178 with a higher target @ 1.5346 area) and 2: Bearish: A break down to the 0.500 Fibo and then a move to the upside.   The average daily true range (ATR) for the pair currently is 141 pips.

 

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7781 at a trend top.  We are waiting to see if this trend will hold for a move down.  A couple of different scenarios:  1:  Bullish: a move to the R5 @ 0.7930 area) and 2: Bearish: A break down to the square up @ 0.7610 which would mean it is still in a range. The average daily true range (ATR) for the pair currently is 101 pips.

 

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