What ProAct Traders sees in the Forex starting the week of August 29, 2010
REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE...
Read MoreREMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE...
Read MoreWe have broken out of triangle but not per the norm and are now building a rising wedge which is bearish for the cross. The wedge could build up to the .382 fib retracement at 1.2756 before making it’s way down. Targets at...
Read More$EURUSD WHAT ProAct Traders SEE: We may see a pullback to the 1.2742 (former support) and maybe the 1.2780 unsquared area before resumption of the down move. Targets are 1.2602 and 1.2547 on the downside....
Read MoreWe have had a hundred pip move during the night and Friday is a squaring day so watch for a bounce at the 1.2674 area (Strong support). Should we break this however next target is the even number at 1.2600 with further...
Read More$AUDUSD hit our target yesterday but failed any further advance. Top appears to be in place and looking now to break the 0.9003 (S3 and trend line) for a move to the 0.8948 area.
Read MoreOzzie is trying hard to break the .500 fibo. If it is able to we are looking for the .618 and R4 area around 0.9084 to 0.9100. Further upside target is the .786 fibo at 0.9146. Failure to make the...
Read MoreEURUSD is in a nice channel and we are looking for follow through to the 1.2723 (S6) area. A further target is the .382 fib at 1.2691 and the 1.2669 where support can be found. Upside risk is a break of the channel...
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