Author: NULL

We are looking for buying opportunites off the 240 trendline. As stated yesterday the trend from Friday was unsustainable and a correction should occur. We now have that correction so looking for a bounce and a move initially to...

This is what I see in the Forex starting the week of May 10th – 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...

Now that NFP is out of the way. Our top was taken out at the 99.50 area. should move to the S2 98.85 area and consolidate. Bias still remains up due to the rising channel. We will sit on the sidelinmes until Sunday.

We are focused on Buying on dips in this pair. Support can be found at 0.7540 area and our target R5 is at 0.7715. We will buy on dips ( nice one already) to position for the rest of the move. Short term top now in pace at the...

This morning’s ADP payroll report was much better than expected. That spells good news for the USD $. Result has been a pullback in the EURUSD. If it can break the S2 looking at a possible breakdown to the 1.3210-30 range....

Factory Orders weaker at -0.9 vs -0.6% expected. The prior month was revised lower (as expected) to +0.7% from +1.8%.This should affect the USD. Looking for a pullback from the R5 to the 98.50 area. It is Friday so who knows...

WE have had a significant break of the S3 and now a retracement. We are looking to add to the shoort to the 1.3150 area and maybe to the 1.3125 today. This would take out the S4 target.

We hit the targets and yes it took all day

We have moved to the .500 fibo retracement so we should see the move solidify for a bounce or a continuation. If it continues down I would look for consolidation at around 1.3000 area. A bounce north should test the 1.3300...