Note: USDX is still bullish although in a correction in my opinion. ATR’s are really dropping.
EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1820 in a 5th wave. We are looking for a continuation down to the S4 at 1.1626 and then bounce hard. The average daily true range (ATR) for the pair currently is 64 pips.
————————————————————————--
USD/JPY
What ProAct Forex Target Traders See: We are currently sitting at 111.88 in a range. We are looking for a bounce point so watching the 0.382 for a possible one and then a continuation up to the top at 114.40. The average daily true range (ATR) for the pair currently is 58 pips.
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GBP/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.3289 in a range. Current move is a correction in response to the USDX. We are looking for a continuation down to the support at 1.2997. The average daily true range (ATR) for the pair currently is 92 pips. ——————————————————————————–
AUD/USD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently sitting at 0.7887 in a 4th wave. We may need to complete an abc correction BEFORE a continuation down to the bottom at 1.7697--0.7733 area. The average daily true range (ATR) for the pair currently is 51 pips.
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Target Trading In Forex Week Of 10/14/2017
Published 10/14/2017, 11:37 AM
Updated 10/05/2023, 10:02 PM
Target Trading In Forex Week Of 10/14/2017
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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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