What ProAct Traders sees in the Forex starting the week of August 15, 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 MoreEurUsd has cleanly reversed and due to the failure of the FOMC to continue the move the dollar is now strengthening as has been expected for some time. we are currently at the 6th support (S6) and the 1.2965...
Read MoreREMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE Note: Talk of BOJ intervention...
Read MoreWatch for the EURUSD to stall or stop after the Non Farm Payroll reaction at or near 1.3344. This is the 6th resistance level from the bottom of this leg and has confluence from the former trend line there as well. ...
Read MoreOzzie might have one more push to the upside in it. Currently tested the 0.9175 Resistance. The 1.618 Fib EXTENSION is within grasp and 0.9230 is the next resistance. Further target is the R7. A break down of...
Read MoreThe EURUSD took out our intermediate target from yesterday and fell just shy of our outer target @ 1.3277, We have since seen a pullback to the former high at 1.3196. If we get a bounce here we are targeting the...
Read MoreEU is currently testing a break of the very strong resistance @ 1.3127. If we can make the break- watch for the hook back and then a go to the 1.3200.
Read MoreREMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE Note: Market has a tendency to range prior to Non Farm Payroll (NFP). Watch the GBPUSD – big...
Read MoreWe have come down to the .382 retracement of the last leg and bounced. Oridnarily we would look to build a bear flag and then go further to the .500 fib. Looking at the chart however, there is a large consolidation...
Read MoreThe EURUSD hit our target from yesterday and the R5. Should see a little profit taking and then a march to the 1.618 fib extension at 1.3168. Downside target is now 1.3031 on a pullback if...
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