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USDCAD broke through the bottom of the consolidation with a clear target at 1.0452. There are a few fib extensions in the way but next support is 100+ pips away at the...

Dollar index is being sold today but EURUSD has not yet followed. Will look for a break of consolidation, then further move to the R6. Carry trades seem to be in affect as the interest rate stays...

I do these three currency pairs because they represent a cross section of the market as a whole – all matching up to possible opportunities on Wild Card, 6 Aces and Royal Flushes (Trending and Elliott Wave) and they...

  USDCHF approaching parity! we have a descending wedge in play and the HSI S4 coming in at 1.0104. The fib extension (-.270) is at 1.0087. Look for a move to close this out before the...

The USDCHF has formed a nice bear flag and since had had an inititial thrust out of it south. Looking for a push south after the retrace to the 1.0106 area ( S4 and the .786...

The EURJPY has continued up unabated in a very impressive run. Dollar sentiment still runs low but the technicals show we are nearing an important top – a previous top and very close the the .500 fibo. Technicals could...

EUR/JPY : sell again on the break of 131.85 .  We have a nice bear flag forming on the 10 minute chart with the HSI target 129.79.  You can take the profit at the double bottom bounce out of 131, or resell from there...

This is what I see in the Forex starting the week of Nov 1st – an OPINION ONLY: www.proacttraders.com I do these three currency pairs because they represent a cross section of the market as a whole – all matching up...

As noted yesterday the 1.6599 held the upmove.  The GBPUSD remains contained with a Bull flag formation developing. The bottom trendline comes in at 1.6504. The topside comes in at the 1.6568 level currently. Normally I...

We have had a 200+ pips run in the GBPUSD and now in striking distance of the .786 fibo from the 240 chart and the “armpit” resistance at 1.6599 also. As you can see the charts totally caught this move with all...