Target Trading in the Forex upcoming week of May 24, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1008 in a new down trend. We are looking initially for the S6 Support @ 1.10856 and we should see a continuation there to 1.0665 before the pullback. The average daily true range (ATR) for the pair currently is 144 pips.

————————————————————————--

$USDJPY                                                                                                                   

What ProAct Forex Target Traders See:  We are currently @ 121.54 out of the range. Looking now to finish the 3rd wave move the R5 @ 11122.66.  The average daily true range (ATR) for the pair currently is 74 pips.

 

——————————————————————————–

$GBPUSD                                                                                                                   

What ProAct Forex Target Traders See:  Cable is currently sitting @ 1.5476. We are looking to finish the 3rd wave to the S5 @ 1.5325 and then a correction.   The average daily true range (ATR) for the pair currently is 160 pips.

——————————————————————————–

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

What ProAct Forex Target Traders See:  Aussie is @ 0.7818.  We are waiting for a bounce to create the 2nd wave and the new trend top for a move down to the 0.786 Fibo @ 0.7685.  The average daily true range (ATR) for the pair currently is 109 pips.

                         

Forex Trading Software and Live Forex Trade Room

Views: 298

Comment

You need to be a member of Forex Social Network to add comments!

Members

© 2019   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service