Note: this week is the 26th week of the year – ½ way through 2017
EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1196. We are looking to complete a 5th wave in the 1.1344 area. Might take a while though since the pair’s ATR is so low for its popularity. Target 1 is the R3 at 1.1255. The average daily true range (ATR) for the pair currently is 62 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently sitting at 111.29 in a range and a symmetrical wedge which is bearish for the pair. We are looking to continue down to the Bottom at 108.88 area. Target 1 = 110.13. The average daily true range (ATR) for the pair currently is 87 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.2749 and in a range. We are looking to move first to the 0.382 Fibo at 1.2873 and then to the 0.214 Fibo at 1.2950 with an overall target of 1.3046. The average daily true range (ATR) for the pair currently is 108 pips.
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AUD/USD – A great smooth currency for Newbie’s
What ProAct Forex Target Traders See: We are currently sitting at 0.7579 in a symmetrical wedge and in a start of a 5th wave IF we can break above 0.7600. We are looking to continue to the R4 at 0.7769. The average daily true range (ATR) for the pair currently is 49 pips.
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Target Trading In The Forex Week Of June 25th, 2017
Published 06/25/2017, 10:56 PM
Updated 10/05/2023, 10:02 PM
Target Trading In The Forex Week Of June 25th, 2017
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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