Author: NULL

Dollar still having trouble so we should see the continuation after profit taking to the 1.4157 area. Interim targets are the confluence of the R4 and R5 from two different bottoms at the 1.4125 area. May struggle...

No real reason for the big surge in the EURUSD overnight. Most likely an unwillingness to push the market too far any way before the Fed headlines after the FOMC meeting tomorrow. If the up move keeps its legs will look to stall...

The EURUSD sold off as expected and posted earlier on the “What I See” post but found profit taking buyers at the 1.3828 previous support. We could be building a nice bear flag?? The 1.3897 level should hold the...

www.proacttraders.com 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...

A dicey call – We have a bear flag in a overall downtrend which normally would be a no-brainer short. But the Cross is exhibiting upside bias at the same time. Wait for the break on either side of the flag for...

We are still in the desert on the USDCHF – price also tested the 1.0829 level where the higher Moving average is. We are at a previous support @ 1.0883 (R4) and this is all a clue that the market is ready to move. Looking...

The pair has barely broken the neckline of the head and shoulder formation and should continue to 1.3803 level. A break of this level will likely lead to further selling pressure to...

The price is currently testing the moving average level at the 1.6350 level. A break of this level followed by a move below the 1.6330 area will target the next level on the downside at the lows for the day at the 1.6294 level....

Looking for a continuation of the move to 1.4040 – 1.4088 level. The market is currently at a crossroad. A correction lower could go to the 1.3962. I would expect buyers to enter above 1.4014 today to try and keep the move...

The pair is now back off the lows approaching intraday resistance at the 1.3895 level. This level should provide some resistance. Waiting for the Bear Flag to complete in the 1.3915 are ( former intraday support) and continue to...