Technical Daily Analysis

Posted By FxNewInfo.com Posted On 10 January 2016

$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.0903. We completed and abc correction and if dollar weakness holds we are looking for a continuation to the resistance @ 1.1019 with an overall target to the R6 @ 1.1142. The average daily true range (ATR) for the pair currently is 85 pips.
eurusd
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$USDJPY
What ProAct Forex Target Traders See: We are currently @ 117.65 after completing a trending move. We are looking for a bounce to the 0.500 Fibo @ 119.98 and a possible continuation to the 119.64. The average daily true range (ATR) for the pair currently is 72 pips.
usdjpy
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$GBPUSD
What ProAct Forex Target Traders See: Sterling is currently @ 1.4518. We are looking for a continuation to the S8 @ 1.4326 and expect a bounce there. The average daily true range (ATR) for the pair currently is 88 pips.
gbpusd
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: Aussie is @ 0.6985 in a large range. We are looking for a bounce @ 0.6950 and then back to the 0.500 Fibo @ 0.7159. The average daily true range (ATR) for the pair currently is 67 pips.

audusd

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