Author: NULL

Cable has a descending wedge in play.   This is a bearish pattern which should lead to a move to 1.4135 support.  Below that is the .270 fibo extension and a hard bottom at 1.3917 (S8 and Day chart Support).  Watch for a bounce...

Ozzie has continued unabated in it’s run down and bounced on the S7. However, you can see their was weakness in the short retracement since it could not even fulfill the .382 retracement of the leg from .9012 –...

AS noted on my earlier post ( http://wp.me/piiLm-BK ) we broke the wedge and have taken out the 1.2203 and the 0,270 fibo extension.  Still a nice target left at 1.2087 (S8).  Watch for a bounce since we have an unsustainable...

EU is building a nice bearish wedge that is currently being held to the upside by the .618 Fibo. This pattern typically moves to the downside. First target on the break of the wedge is 1.2205 (Support for day chart) then the...

Market has sold off at the .500 fibo and we are looking for a break of the trendline at 1.2341 for an inittial target of 1.2205 and then the S8 at 1.2087 area.

REMEMBER: THIS IS BIG PICTURE ONLY – NOT INTRADAY! Please NOTE!!!! This is an opinion only! CLICK ON IMAGES TO ENLARGE ——————————————————————————– EURUSD WHAT ProAct Traders SEE: We are approaching the bottom established...

Looking for a break of the support @ the S5 – 114.81.  If we can get that break we will target the 1.270 extension at  114.07 and lower target next week at 112.63

AUDUSD is approaching a confluence.  The R4 @ 0.9051, the trendline to continue the flag pattern ( dotted line) and former support @ 0.9069.  Market should tale to us here.  Up targets are the R5 @ 0.9195.  Down targets are...

Target are still intact but the cross is waffling in a channel.  Targets are still 116.43, 116.00 and 115.40

EurJpy is trying to break out of the bear flag.  If so look for the 116.40 area ( confluence of two HSI Targets) as the target area short term.