Author: NULL

At 8:30am US retail sales and PPI data was released adding some strength to the US dollar. This may add resistance to the 1.4015vlevel. If the pair bounces off of this level, we need to look for the break of the trend line at...

This is what I see in the Forex starting the week of July 12th – 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...

The EURGBP found support before the 61.8% target and just below the .500 fibo and has moved up to test the former support and the 78.6% retracement level at 0.8618 . A move back above this level will likely lead to further...

EURCHF, the pair has spiked up in the last hour bar. There has been no confirmation of intervention but the market is nervous at the levels. I would expect buyers now that key support near the .250 fibo chart has been tested....

The MA on the 10 minute chart comes in at the 1.3975 level. If the market is going to continue further lower, the correction off the low should be shallow and remain below the 1.4000 level. Market action remains contained and in...

This is what I see in the Forex starting the week of July 5th – 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...

The MA comes in at the 96.81 level on a 60 min chart. The price tested the level. The level will continue to be watched today. A break and close below on the day should lead to further declines. The Yen crosses are all under...

The USDCAD just fell sharply as oil prices remain supported despite the weaker US employment data. The pair slipped below the S3 ( 1.1514) . Earlier today the pair tested the key retracement resistance at the 1.1656 level (high...

We expect that the EURUSD will stay in the pennant until more fundamental information establishes the direction. Ther is a small 100 pip move to the bottom of the pennant that may setup today . Target would be...

This is what I see in the Forex starting the week of June 28th – 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...