What Forex Target Traders See: We are currently sitting @ 1.3018 after testing the psychological 1.3000 to the downside. We are looking for a small pullback and then a continuation to the wave 3 S6 support @ 1.2913 at the least and a bounce is possible there. The down target on a continuation is the bottom @ 1.2718. The average daily true range (ATR) for the pair currently is 112 pips.
What Forex Target Traders See: We are currently @ 93.60. We are looking for the market to finish the correction up at or near 94.00 and then going short to the support @ 89.76 and maybe to the 0.786 Fibo @ 89.49. The average daily true range (ATR) for the pair currently is 119 pips.
What Forex Target Traders See: Cable is currently @ 1.5018. We have moved off the down Trend Line and looking for a short bounce back to the trend line before resumption to the 1.4900 area ( wave 5 S7 and 1.618 Fib extension). A break here targets the 1.4750 area. The average daily true range (ATR) for the pair currently is 121 pips.
$AUDUSD – A great smooth currency for Newbie’s!
What Forex Target Traders See: Aussie is currently @ 1.0193 –having a tough time with the -0.270 Fibo. We have a well-built day chart (pink) and 240 chart (blue) in a downtrend and that immediate target is currently the S4 @ 1.0145 area. Expecting a break here and the overall target is the 1000 area. The average daily true range (ATR) for the pair currently is 74 pips.