What ProAct Forex Target Traders See: We are currently sitting @ 1.1008 in a new down trend. We are looking initially for the S6 Support @ 1.10856 and we should see a continuation there to 1.0665 before the pullback. The average daily true range (ATR) for the pair currently is 144 pips.
————————————————————————--
$USDJPY
What ProAct Forex Target Traders See: We are currently @ 121.54 out of the range. Looking now to finish the 3rd wave move the R5 @ 11122.66. The average daily true range (ATR) for the pair currently is 74 pips.
——————————————————————————–
$GBPUSD
What ProAct Forex Target Traders See: Cable is currently sitting @ 1.5476. We are looking to finish the 3rd wave to the S5 @ 1.5325 and then a correction. The average daily true range (ATR) for the pair currently is 160 pips.
——————————————————————————–
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.7818. We are waiting for a bounce to create the 2nd wave and the new trend top for a move down to the 0.786 Fibo @ 0.7685. The average daily true range (ATR) for the pair currently is 109 pips.
Recommended Content
Editors’ Picks
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.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.