The worse than expected data has sent the USDJPY down sharply. The price has moved back below trendline support. It has also moved back to the R4 of the bigger move and the R3 of the intraday move at the 95.35 level – we...
Read MoreFOMC meeting this week will keep trading light until over. Charts says that the UJ can still make it to the next target (R3) at 96.57. Be cautious and trade with lighter lots that normal if you...
Read MoreIf we can break the S3 of this current leg the S4 of this leg matched up with the bigger picture S4 target at 135.00 area. On the break target that using good stop loss strategies.If we can break the S3 of this current leg the...
Read MoreThis is what I see in the Forex starting the week of August 9th – 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...
Read MoreThe market will likely need to decide if it wants to extend the gains to the upside or see further correction to the downside. The consolidated range between 1.4445 and 1.4355 should to be extended one way or the other in the...
Read MoreThe USDCAD has dipped to the edge of the Bear flag again. We will continue to watch the level at 1.0726. There is support at the 1.0701 level below and a break should produce a move to the 1.0642 level S3 of this...
Read MoreLooking hard for some breaks either way on all crosses but nothing seems to want to materialize. After the big moves yesterday and consolidation overnight we should see some follow through. Case in point: EURUSD broke through...
Read MoreHere’s the update on my position trade on silver. You will remember that I entered at 12.76 after the pullback from the last high. Currently we are up to 14.48 which is a 12.2% return so far. Target is 16.23. Seeing lots...
Read MoreThis is what I see in the Forex starting the week of August 2nd – 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...
Read MoreThe Cross has broke the immediate downside support and moved to the S3. Then a 100 pip pullback. Looking for some squaring up so look to see the cross head down to the S4 area around 156.46 area...
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