TraderPlanet.com :: proacttraders's Commentaries

$EURUSD – keeps head up

ProAct Traders — Thu, 09 Feb 2012 14:10:05 +0000

The bearish conditions yesterday did not materialize with any real follow through so now expecting the cross to continue. Look for 1.3352 as the first target and then possibly 1.3384. A bearish move signals a move to the .382 Fibo @ 1.3152

EURUSD-02-09-12.jpg

Read More at TraderPlanet.com »

$EURUSD–bounce?

ProAct Traders — Wed, 08 Feb 2012 14:27:57 +0000

Currently we are @ 1.3275 and looking for a continuation north. The first target is the psychological area @ 1.3350 with further targets the R5 @ 1.3396. A break down south targets the 1.3172 area .

Read More at TraderPlanet.com »

$AUDUSD–bounce?

ProAct Traders — Tue, 07 Feb 2012 14:18:05 +0000

Currently we are @ 1.0782 and looking for a possible bounce @ 1.0758. A bounce north would target the 1.270 Fibo extension @ 1.0829 with further target the R7 @ 1.0906. A break down south targets the 1.0662 area and a breakout here might go back to the R6 @1.0527.

Read More at TraderPlanet.com »

$GBPUSD–and NFP?

ProAct Traders — Fri, 03 Feb 2012 14:13:07 +0000

Currently @ 1.5830 and testing the R6 top. Non Farm Payroll is today so that could move it either way. A breakout north would target the -270 Fibo extension @ 1.5932. A break south targets the trendline @ 1.5786 and a breakout there might go to the 1.5744. We are bearish for now.

Read More at TraderPlanet.com »

$USDCHF–WEDGE BREAKOUT?

ProAct Traders — Thu, 02 Feb 2012 14:21:21 +0000

Currently @ 0.9186 and caught in a wedge. Fed Chairman Bernake speaks today so that could move it either way. A breakout north would target the .618 Fibo @ 0.9292 from the day chart. A breakout south targets the -0.270 Fibo @ 0.9057. We are bearish for now.

www.traderplanet.com02-02-12.jpg

Read More at TraderPlanet.com »

$AUDUSD–more left?

ProAct Traders — Wed, 01 Feb 2012 14:22:22 +0000

Currently we are @ 1.0700 after breaking the very strong resistance. Looking for the bullish move to continue to resistance @ 1.0760. Immediate target is the -0.270 fib extension @ 1.0729. A failure to continue at the current level here would signal a move to the 0.500 fibo @ 1.0606 . We remain bullish for now.

www.traderplanet.com02-01-12.jpg

Read More at TraderPlanet.com »

$GBPUSD–more left?

ProAct Traders — Tue, 31 Jan 2012 14:40:14 +0000

Currently we are @ 1.5772 just below the -0.270 Fibo. A sideways move or small pullback is possible here . Looking for the bullish move to the R6 @ 1.5860. A failure to break the -0.270 Fibo here would signal a move to the double top @ 1.5740. We are remain bullish for now.

Read More at TraderPlanet.com »

$ EURUSD– critical area?

ProAct Traders — Mon, 30 Jan 2012 13:18:06 +0000

Currently we are @ 1.3116. just below the heart line and on the .786 Fibo. A bounce is possible here back to the 1.3185 resistance. More likely we will see the break here back to the R4 @1.3087 and a break here would signal a move to the .500 Fibo form the day chart and the Up trend wall. We are bearish for now.

www.traderplanet.comws1-5.jpg

Read More at TraderPlanet.com »

$USDCAD â€“bounce?

ProAct Traders — Fri, 27 Jan 2012 14:20:49 +0000

Currently @ 1.0009 to complete the move to the bottom. Friday is typically a square up day so looking for the cross to bounce back to the .500 Fibo @ 1.0065. We are currently below the S6 former support and a failure to break that signals a continuation to the support @ 0.9957.

www.traderplanet.com01-27-12.jpg

Read More at TraderPlanet.com »

$AUDUSD â€“finish?

ProAct Traders — Thu, 26 Jan 2012 14:42:39 +0000

Currently we are @ 1.0678 to complete the move to the top of the trendline. We are currently just above the R6 resistance and the break of that signals a continuation to the -.270 fib extension/resistance @ 1.0762. Look for the move to stall there. A failure to break the 1.270 Fibo @ 1.0698 would signal a potential move back to the .382 fibo @ 1.0591.

www.traderplanet.com01-26-12.jpg

Read More at TraderPlanet.com »

$USDCADâ€“break?

ProAct Traders — Wed, 25 Jan 2012 14:30:18 +0000

Currently we are @ 1.0134 in a corrective move to the top of the downtrend. We are currently just below the SR2 resistance and a break of that would signal a correction to the R3 @ 1.0196. Look for the Rally to end there. A failure to break the R2 would signal a potential move back to the double bottom @ 1.0052.

www.traderplanet.com01-25-12.jpg

Read More at TraderPlanet.com »

$USDCHFâ€“bounce?

ProAct Traders — Tue, 24 Jan 2012 14:41:47 +0000

Currently we are @ 0.9280 in wave 5 of the current downtrend. We are currently just above the S5 Support @0.9217. Look for a bounce there. Next target is the 0.9200 area.

Read More at TraderPlanet.com »

$USDCHFâ€“bounce or break?

ProAct Traders — Thu, 19 Jan 2012 14:23:07 +0000

Currently we are @ 0.9362 . As we noted yesterday "A break down would confirm a move to 0.9361 area". If we break the current support and it is very strong we are looking to go to the 0.9321 area. Overall target down is the S5 and 2.618 Fib Extension @ 0.9225. A bounce here would indicate a move back to the S3 @ 0.9447.

www.traderplanet.com01-19-12.jpg

Read More at TraderPlanet.com »

$USDCHF-bounce or break?

ProAct Traders — Wed, 18 Jan 2012 14:26:51 +0000

Currently we are @ 0.9420 at a critical point. Charts still showing the cross stuck on a big rectangle and currently at the bottom. A break down here would confirm a move to 0.9361 area. A bounce here would indicate a move back to the 0.618 Fib @ .9482.

USDCHF-01-18-12.jpg

Read More at TraderPlanet.com »

$GBPUSD– the place to turn?

ProAct Traders — Tue, 17 Jan 2012 14:41:02 +0000

Currently we are @ 1.5392 just under the S5. Charts still showing a bullish bias but if you were going to peak and turn this is where to do it. A turn down here would confirm the sideways move and indicate another move to the 1.5280 bottom. A continuation here would indicate a move to the 0.618 Fibo @ 1.5442.

GBPUSD-01-17-12.jpg

Read More at TraderPlanet.com »