Author: NULL

Cable has built a nice wedge on its way to 1.5300.  A break of the wedge targets the 1.5369 former bottom and then the 1.5328 support.  The 6th support (S6) lies at the 1.5300 area.  Not much volatility this...

Not expecting much of a move today since it is Christmas eve and markets should remain in consolidation.  The Cross should stay under the trendline and hover around 1.3100.  If momentum did enter we would look for a...

Cross is trying to break the descending wedge at 1.3073 . Target is the strong support at 1.3016 looking for a move ultimately to the S6 at 1.2887.  Failure to break here targets a move back to the top of the wedge.  A...

Cross is heading for a double top at 1.0030 with a further target at the R6 @ 1.0149. Currently looks very much like a head and shoulders so the bearish outlook continues to build.  We are looking for a move to the...

$EURUSD WHAT ProAct Traders SEE: The market is in a sideways move. Currently sitting on the .618 fib retracement level and on strong support at the 1.3151 area showing signs of at least an initial thrust to the downside. We...

$AUDUSD  built a channel during the Asian and London and looking for a move to the .9810 area ( .270 fib extension, support and the former R1 resistance now support).  However we have not broken out of the channel so a...

$AUDUSD  just finished the bear flag at .9900 and looking for a move to the .9810 area ( .270 fib extension, support and the former R1 resistance now support).  Will have stalling at the former bottom at .9843 but...

UJ is approaching the .786 retracement on its way to the triple top at 84.50.  The R3 is at 84.28 which could stall it.  The 84.42 is a critical area since it has not been broken the last 5 times! A bounce here targets...

GU is approaching the bottom of the channel after a fast break yesterday.  We continue to create higher lows and higher highs so for now the trend is staying intact.  We are at a critical area – the .500 fib...

As suggested the GU broke out of the rising wedge to the downside.  Currently bouncing on the .382 retracement and the S3.  Still looking for sellers to come in.  Next target is the .500 fib retracement @ 1.5676...