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Target Trading in the Forex week of April 22nd, 2018

Note: USDX is bullish but at a top. Be aware that that could change in a heartbeat and will affect the currencies below. Unless it is clear I will use both scenarios. ATR’s have decreased slightly.

$EURUSD

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NZDUSD – Square up

Bearish: Currently we are @ 0.7305 in a channel. We are looking for a continuation to the 1.270 Fibo @ 0.7284 with a possible further target at the 1.618 Fibo @ 0.7260. The average daily true range (ATR) for the pair currently is 49 pips.

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EURUSD – Square up

Bullish: Currently we are @ 1.2391 in a range and in a channel. We are looking for a continuation to the square up @ 1.2441 with a possible further target at the day top @ 1.2560. The average daily true range (ATR) for the pair currently is 65 pips.

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EURJPY – reversing

Bearish: Currently we are @ 132.37 in range and at the start to the downside. We are looking for a continuation to the 0.382 Fibo @ 131.43 with a possible further target at the 0.500 Fibo @ 130.95. The average daily true range (ATR) for the pair currently is 83 pips.

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NZDUSD – new channel

Bearish: Currently we are @ 0.7736 in range and in a new channel to the downside. We are looking for a continuation to the 0.500 Fibo @ 0.7292 with a possible further target @equilibrium @ 0.7279. The average daily true range (ATR) for the pair currently is 52 pips.

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Crypto Currencies

To all Traders

As most of you know, ProAct Traders has access to lots of crypto currencies especially the majors: Bitcoin, Ethereum and Ripple. Now that we have had a dip we can now get historical data from the past to make trading decisions easier then a guess. Gain Capital has no added Cryptos to its offerings so if you have an account there you can trade using the ProAct Charts.

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Target Trading in the Forex week of April 15th, 2018

Note: USDX is non-committal. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased slightly.

$EURUSD

ProAct Traders See: Bullish: We are currently sitting @ 1.2338 in a range with divergence for an upside move. We are looking for a continuation to the upside to the square up @ 1.2459 and then a further move to 1.2559 top. The average daily true range (ATR) for the pair currently is 76 pips.

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$USDJPY

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AUDJPY – channel

Bullish: Currently we are @ 83.09 in range. We are looking for a continuation to the 0.214 Fibo @ 83.68 with a possible further target @ 84.00. The average daily true range (ATR) for the pair currently is 87 pips.

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AUDNZD – channel

Bearish: Currently we are @ 1.0522 in a 3rd wave and waiting for AFTER FOMC. We are looking for a continuation to the 1.270 Fibo @ 1.0496 with an overall target of the S4 Wave Target @ 1.0434. The average daily true range (ATR) for the pair currently is 68 pips.

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AUDUSD – channel

Currently we are @ 0.7735 in a range and just breaking out of the wedge. We are looking for a continuation to the 0.618 Fibo @ 0.7832. The average daily true range (ATR) for the pair currently is 59 pips.

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