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NZDUSD is testing a breakout of the big uptrend. We have printed 5 hourlies outside the trend which suggestst that there are not a lot of buyers here. This supports the breakout theory. If it does break the targets are clustered...

EURJPY has a decision to make soon.  Notice the strong divergence indicated by our MACD and the top that we spoke of yesterday that comes from a daily chart.  We have almost made it to that point at 138.72..about 100...

EURJPY has moved above all recent highs and could possibly be headed for the previous high on a day chart at 138.72 which is just above the R5 at 138.55.  This would be a very nice move up.  If we see a pull back we...

It appears that we are going to have another opportunity to make money on the EURUSD.  We have tested the 1.500 AGAIN!  The MACD is signalling a potenial sell opportunity and we could see a great move down to 1.4900...

EURUSD did in fact test the 1.5000 and has started the pull back.  Will it test the .50 retracement at around 1.4900 or will it bounce back up and test that same 1.5000 again throughout the day.  Keep your eyes on the...

EURUSD did not quite make the 1.5000 target but seems to have topped out at 1.4950.  It has pulled back and may retest that 1.4950 to 1.5000.  Watch for a retracement as far back as 1.4825.  Again watch for Wild...

This is what I see in the Forex starting the week of Oct 18th – an OPINION ONLY:    www.proacttraders.com I do these three currency pairs because they represent a cross section of the market as a whole...

GBPUSD reached for the moon! Wow what a shot up as the GBPUSD touched 1.6400.  Will we see the currency reach higher and go for the 1.6700 again or will it retrace back and test the bottom back at 1.5900?  I would...

EURUSD does continue its climb.  How high will it go? Great question but the answer is not easy.  With the DOW climbing above 10000 for the first time in a year…will the dollar strengthen or with it be a...

GBPUSD moves higher then pulls back.  Will this pull back to the .50% of the bigger picture be the bounce point to retest the 1.6100 top?  If so we should be ready as the bounce is occuring right now.  Should the...