$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2760. We are looking for the finish of the correction in the 1.3000 area then down to the S8 target @ 1.2422. The average daily true range (ATR) for the pair currently is 131 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 106.92. We are looking for a higher correction to the 0.214 Fibo @ 108.20. A continuation then to the 0.500 fibo @ 105.56 . The average daily true range (ATR) for the pair currently is 108 pips.
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$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6087 in consolidation with a channel to the downside We are looking for a pullback and with a target down to the 1.270 Fibo @ 1.5892 and overall target the 1.618 fibo @ 1.5686. The average daily true range (ATR) for the pair is 137 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8765 in a sideways move which is bearish. We expect a break of the 0.8650 area and then a big move to the S7 @ 0.8413! The average daily true range (ATR) for the pair currently is 120 pips.
What ProAct Forex Target Traders See: We are currently sitting @ 1.2760. We are looking for the finish of the correction in the 1.3000 area then down to the S8 target @ 1.2422. The average daily true range (ATR) for the pair currently is 131 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 106.92. We are looking for a higher correction to the 0.214 Fibo @ 108.20. A continuation then to the 0.500 fibo @ 105.56 . The average daily true range (ATR) for the pair currently is 108 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.6087 in consolidation with a channel to the downside We are looking for a pullback and with a target down to the 1.270 Fibo @ 1.5892 and overall target the 1.618 fibo @ 1.5686. The average daily true range (ATR) for the pair is 137 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.8765 in a sideways move which is bearish. We expect a break of the 0.8650 area and then a big move to the S7 @ 0.8413! The average daily true range (ATR) for the pair currently is 120 pips.
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AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD refocuses its attention to 1.1200 and above
Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Bitcoin displays bullish signals amid supportive macroeconomic developments and growing institutional demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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