Author: NULL

The 1.4206 .500 fibo level is the midpoint on the chart (see chart below). This will act as resistance on the topside. Trying to make up it’s mind so there are two targets depending on which way it...

Hope you got this great Wild Card trade today! Look for a continuation to take the R5 target out after the pullback – lot of profit taking right...

If you have been following my position trade on silver we are now close to the first target at 15.59. Still a larger target at 15.97 so I am considering staying in until then. Got in at 11.71 so will have a 29.8% increase at the...

The comments from Pimco and other chatter about weak dollar policy for the US has the GBPUSD breaking to new highs again. The price is now back above the 1.600 level and recently hit a new high at 1.6046. The longer term target...

Today is a square up day but Dollar still being sold off. It has eclipsed the 2009 high of 1.3986. Looking for continued follow through to the R5 at...

Our first two targets have been hit. Now looking to hit the next target at 1.5850

The USD/CAD is currently testing the support at 1.1670. A break below this level could signal a return to the long term downward trend. Below that 1.1582 is the next area of support. Watch to see if the pullback ( if any) holds...

This is what I see in the Forex starting the week of May 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 – all matching up...

We broke the Bear flag as mentioned yesterday and now have a fish hook. 95.50 should contain the upside move and the target (S6) remains in tact at 93.63. As this is a squaring up day I would caution staying in this over the...

The USDJPY has been testing the the 95.11 support level. The low today was 95.11. we now have a bear flag building and if the resistance at 95.78 holds will stay bearish to the 93.65 area. If it does not hold look for another...