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Cable has broken out of the downtrend and taken out the R4 and the resistance at 1.5674.  Should see the cross move up to the.618 fibo at 1.5697.  A break of the 618 Fibo gives us a nice run to the R5 and the .786 Fibo...

Cable has broken out of the downtrend and taken out the R4 and the resistance at 1.5674.  Should see the cross move up to the.618 fibo at 1.5697.  A break of the 618 Fibo gives us a nice run to the R5 and...

Today’s corrective movement up  still gives opportunities to short the cross.  Should see the cross move cautiously up to the.618 fibo and with the channel line there it may turn it.  It could turn anytime,...

$EURUSD WHAT ProAct Traders SEE: The market is trying to break the 1.2910 support in a 3rd wave down. Currently sitting on the support level and showing signs of at least an initial thrust to the downside and the S6 ( 6th...

Look to short the cross on NFP if the numbers come out in that direction.  We broke through the descending wedge and pulled back to the 1.5462 where we currently are. Initial reaction targets are the 1.5412 (S4) area. ...

Yesterday’s cup and handle pattern did not produce the up move. Currently, the cross is nearing the .786 bounce point and we also have support at 1.3148.  Initial bounce targets are the 1.3217 area.  Look for a...

Cross has built a classic cup and handle pattern which is bullish. Initial targets are the 1.3485-1.3511 area.  Look for a pullback there.  Upper target is the 1.3668 IF it can get there.  Not really looking for...

USDCAD is sitting on very strong support @ .9978. We have a descending wedge which is bearish for the cross.  A break of the wedge targets the .9915 (.270 fib extension).  Due to holidays and low liquidity anything can...

Cable has taken out the .618 fib retracement ( 12/06/10 high and 12/28/10 low) and headed down. Watch for consolidation at the 1.5391 area and a break of that should give us a double bottom @ 1.5346 as the cross finishes the...

Cross has moved to the R6 (1.0152) after finding support on the 2.618 fibo extension and should move to target at 1.0188 which is the former top set on 05/11/2010.  Currently in a ascending wedge which is bullish for the...