Author: NULL

We are setup in a posisition to do a large move on the GBPUSD.  Downside target is 1.6015

The EURUSD price has broken through a top trendline at the 1.4312 level This will be key support with buyers likely against the level. Other support comes in at the 1.4279 level. This level was the top and bottom on a number of...

Canada Retail Sales much better than expected – rise by 1.0% vs _0.2% expectation. The Ex Autos also comes in stronger at +1.0% vs +0.4%. This should benefit the CAD$ – lead to a lower USDCAD. The pair just moved...

This is what I see in the Forex starting the week of August 23rd – 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...

There is a lot of uncertainty in the market and that should continue to hurt the dollar. From a technical perspective, the USDJPY has been using our 60 min MA as resistance level since August 13th. The move since that time has...

Now the pair is back down toward some support at the 93.84 price (last low before moving higher yesterday). Below that level is support at the lows from yesterday at 93.66 (double bottom). Watch corrective resistance against the...

The EURUSD has moved back above the .382 fibo resistance at the 1.4156 level as stocks do not fall as expected. The bias for the pair is positive now. In addition to the 1.4156 level, will be watching for break of resistance at...

The USDJPY moved higher overnight on more favorable risk appetite, but held the at the 95.20 level and has continued to come off after the worse than expected US data at 8:30 AM. The price has a;lso tested the bottom trendline...

This is what I see in the Forex starting the week of August 16th – 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...