Note; USA citizens can no longer trade XAG/XAU with leverage in USA broker accounts.
$EURUSD
WHAT ProAct Traders SEE: Currently @1 .4172. The cross is testing the upper trend wall for a break to the upside. Should that be successful look for 1.4447 as the upper target (R6). A break to the downside after the .618 fibo is broken –look for the double bottom at 1.3837. The average daily range is currently 189 pips.
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$USDJPY
WHAT ProAct Traders SEE: Currently @ the 79.07 . We have bounced off the bottom in a well formed trend to the downside. Remains to be seen if the BOJ will intervene at this level. If we continue north look for a move to the 79.98 ( .500 fibo) area for renewed bearish move. A breakdown of the trend targets the S5 @ 77.73 area.
The average daily range is currently 87 pips.
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$GBPUSD
WHAT ProAct Traders SEE: Currently @1 .6136. We have gotten a bounce to the upside off the old down trend wall to the R5 target @ 1.6158. The cross is keeping it’s head up in a sideways move which is bullish for the cross. A break up targets the 1.6391 (R6) with a stop. The average daily range is currently 138 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
WHAT ProAct Traders SEE: Currently @1 .0648. We are still in an uptrend but correcting fast. Currently sitting on the .382 Fibo.. A break south targets the 1.0589 trend wall support and IF a bounce there look to return to the 1.0789. A break down there targets the .786 Fibo @ 1.0476. The average daily range is currently 87 pips.
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