EUR/USD
What ProAct Forex Target Traders See: We are currently sitting at 1.1120 (5 pips difference then last week). We are looking to complete a 5th wave in the 1.1500 area. Might take a while though since the pair’s ATR is so low for its popularity. The average daily true range (ATR) for the pair currently is 67 pips.
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USD/JPY
What ProAct Forex Target Traders See: We are currently sitting at 110.84 in a range. We are looking to continue down to the Bottom at 108.37 area. The average daily true range (ATR) for the pair currently is 93 pips.
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GBP/USD
What ProAct Forex Target Traders See: Cable is currently at 1.2784 and in a trend down due to the election. WE are looking to move first to the S5 Target at 1.2602 and then to the 0.786 Fibo at 1.2512. 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 0.7623 in a channel. We are looking to continue to the 1.618 Fibo at 0.7698 and then print a 4th wave before resumption to the 0.7800 Target. The average daily true range (ATR) for the pair currently is 56 pips.