Target Trading in the Forex upcoming week of Oct 7th ,2012

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3030 on the 0.382 Fibo.   We are bullish above 1.3000.  We should see a bounce  and then a continuation to the R5 @ 1.3187. The target above the R5 resistance is resistance cluster @ 1.3227. The average daily true range (ATR) for the pair currently is 99 pips. 

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$USDJPY                                                                                                                   

What Forex Target Traders See:  We are currently @ 78.67 just out of the downtrend on the day chart.  The dominate trend is now to the upside.  Should it break above the R3 @ 78.87  will look for an initial move to the R4 @ 79.36.  Above that  - target the resistance @ 79.85. The average daily true range (ATR) for the pair currently is 42 pips.

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$GBPUSD                        

What Forex Target Traders See:  Cable is currently @ 1.6130. We are approaching the bottom of a large wedge  on the 4 hour chart (1.6172) and until we break out of this we are flat.  Targets down are:  .786  fibo @ 1.5929. Targets up  areR5 cluster @ 1.6360. The average daily true range (ATR) for the pair currently is 85 pips.

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

What Forex Target Traders See:  Aussie is currently @ 1.0169  at the bottom.  This is an obvious bounce point and if so, look to the trend   wall top around 1.0300 area. The breakdown targets the S6 @ 1.0017 .The average daily true range (ATR) for the pair currently is 91 pips.

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Tags: Exchange, Foreign, Forex, Live, Market, Strategies, analysis, audusd, eurusd, forex, More…gbpusd, live, room, signals., software, technical, trading, usdjpy

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