Inside the Currency Market: Back Monday, Computer Problems

To all traders, friends, readers, followers. I am temporarily delayed to post trades and info again due to computer problems. Another computer is being built as I write. Please bare with me. Should be cranking again Monday morning and ready to go. Thank you all for patience and decency.
Brian Twomey Inside the Currency Market, btwomey.com

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Inside the Currency Market: EUR/USD

EUR/USD

Bottom located 1.0995. Top 1.1051. Shortest term range 1.0995 – 1.1051. Any wonder why a 49 pip range today. The larger range 1.0829 -1.1161 and 1.1190. The Forward line, a special MA is located at 1.1172 and down 60 pips from last reported 1.1232. The entire market and prices are still very tight but what’s seen is the downside is well contained yet the upside is held by an unknown point that is stopping EUR from literally flying higher. Yet note overbought sell point is located from 1.1106 – 1.110. The market is well conatined and way overbought at 1.1161 and 1.1162. Both levels are the exact points holding EUR/USD to see 1.1214 and 1.1271. My own system reveals 1.1087 must clear above and the model has the point exactly at 1.1086 to offer context to the unknown point.

The next point above 1.1051 is 1.1062 but then comes a range break at 1.1063. Above 1.1063 then range becomes 1.1063 — 1.1161. Most important to the upside is 1.1087 and 1.1086. Overbought sell points 1.1106 – 1.1110. Below 1.1051 range point to see shorts 1.1037. Then range becomes 1.1037 – 1.0912 but first the bottom point must also break at 1.0995.

Along the way on a downslope curve is 1.1051, 1.1062, 1.1086, 1.1098, 1.1106 and 1.1110.

More EUR pairs on the way today. CAD pairs will be on the way. A special focus is coming on Latin America currency pairs Brazilian Real, Mexican Peso, Columbian Peso, Argentine Peso and Vs USD and EUR. Possibly more nations will be introduced.

For interested. Another book Using the Z Score to Trade, located here. I know a few using these models and doing very well. I don’t know prices of these books and I don’t have any control in that category http://www.amazon.com/Using-Foreign-Exchange-Financial-Instruments/dp/1481806327/ref=sr_1_1?s=books&ie=UTF8&qid=1438118343&sr=1-1&keywords=brian+twomey

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/JPY

AUD/JPY

Bottom found 89.97. Currently AUD/JPY is stuck between 89.97 – 90.43. But overbought sell point found 90.59 — 90.69. The larger range is found between 90.43 – 89.52. But ranges targets and breaks on the way down 89.82, 89.52, 89.23 then 88.71 and 88.62. Range break next 91.03, 91.33 and 91.63 So Range 91.03 — 89.82 but 89.97 must break.

Shorts must remain below 90.44, 90.43 and 90.42 to target 89.97 then 89.82, 89.52. Longs must clear 90.42, 90.43 and 90.44 to next 90.49, 90.50 and sell point at 90.69. The break of current range 90.43 – 89.97 dictates next moves. AUD/JPY as well holds no excitement whatsoever. I can’t help this situation, its derived from the central bankers. Maybe we’ll try GBP pairs next. This afternoon around 1:00, I will report EUR/USD and EUR pairs.

AUD/CAD. Holding just above at 0.9510 the big break below at 0.9476. Watch this point close today and in days ahead.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/USD

AUD/USD

The time and effort to develop this model and follow the central banks is astounding but the model is perfect in its accuracy in terms of targets, ranges, levels and the full price view in every, every currency pair. We won’t ever get caught on a price deviation nor will we suffer losses. The downside to the model is it takes time to calculate to insure accuracy. After I viewed NZD/USD and NZD/CAD last night, I didn’t see much excitement. Yet both pairs rose what 40 pips yet it achieved those 40 pips while price was overbought. So the downside is time devoted to calculations then disappointment occurrs due to a no trade or undecided currency price. Yet the other profound aspect to the model is to warn when prices aren’t correct and stay away when necessary to wait for a better day in the particular currency pair. When a currency price is in constant motion, at times it finds itself in undecided or just terrible positions. In that instance, we find another pair and not risk the trade. Many time when one pair has problems or is undecided then all pairs are in the same positions because currency pairs and prices are so interconnnected.
AUD and NZD both share a relationship to Europe as AUD/EUR and NZD/EUR. Without both pairs, NZD and AUD’s connection to Europe would sever. When a price problem is seen in NZD/USD and AUD/USD, typically the problem is due to NZD/EUR and AUD/EUR because of their wide ranges. The problem is related to central banks price agreement or disagreement between EUR/AUD, EUR/NZD and AUD/EUR and NZD/EUR. Sometimes its due to a back room deal in maybe an export arrangement other times it may even be just a price fluke, a discrepancy due to the way the numbers and prices worked from the current prices. Other times in disagreements, the ECB and RBNZ and RBA perform price battles V each other to fight for their price. What I see in AUD is not much different from last night’s NZD. What is seen is a tight tight market in both AUD and NZD. Its the same tight tight market seen in German V USD yields. Yields, interest rates are compressing to cause our tight tight situation.

AUD/USD. The bottom is found at 0.7280. The range is found between 0.7317 — 0.7267.However the bottom is 0.7280. Below 0.7267 then next 0.7243 and 0.7220. Overall, a solid solid bottom exists at 0.7177 and 0.7170. Above 0.7317 ranges then next 0.7366 and solid solid at 0.7390.

Shorts need a break at 0.7316, 0.7317, 0.7318. Then we target the bottom at 0.7280 and below. Overbought sell point 0.7338. Points above 0.7316 and 0.7317, Next 0.7318, 0.7322 and 0.7338. Sell and sell rallies is the way. Over time, AUD is heading much lower. What changes in ranges, levels, hardly 1 pip changes in the calculations.

More pairs coming.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: NZD/USD, NZD/CAD

NZD/USD

Bottom is found at 0.6550. Current price at 0.6634 at last look is already overbought at 0.6627. To go short, price must break 0.6596. No ranges exist until 0.6800 above and 0.6318 below. Current price trades in a giant 482 pip no man’s land. Note the bottom at 0.6550, halfway point of the range at 0.6559 and short point at 0.6596. The area between 0.6550 – 0.6596 is a tough support area. This trade is not exciting. I offer points anyway.

Short points: 0.6627, 0.6620, 0.6605, 0.6603, 0.6602, 0.6601 and 0.6596. The strategy. Well extreme sell prices above are found at 0.6750 and buy point below extreme at 0.6480. Sell rallies is the way, don’t dare marry this trade. To stay away from this pair is also an option.

NZD/CAD

Bottom is found at 0.8500 and 0.8550. What is 0.8550? Misplaced and doesn’t belong. Current price at 0.8657 at last look is already overbought from the sell point at 0.8639. As was the case with NZD/USD, ranges are wide and far away. No ranges exist above until 0.8900 and 0.8974 and 0.8238 below, a 662 pip range. NZD/CAD trades in a giant 662 pip no man’s land. To go short, 0.8599 must break below then we have short ranges from 0.8500 – 0.8599. The stratgy is short due because current price is overbought.

Points 0.8639, 0.8631, 0.8621, 0.8611, 0.8608, 0.8606, 0.8599. Extreme sell points above are found at 0.8734 but this is severely overbought at this point. Buy extreme below found at 0.8488. The way is short, don’t marry the trade. Both NZD/USD and NZD/CAD are trades that may be taken together. Both are the same pairs. The corrollary is NZD;s twin brother AUD/USD. Both AUD/CAD and AUD/CAD are the same exact pairs.
To stay away from this pair as well is also an option.

I will post this anyway, maybe a good learning tool.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

EUR/USD

For EUR/USD to go lower then 1.1058 must break. 1.1058 is the current bottom. Then range becomes 1.1058 — 1.1002, 56 pips. A break below 1.1002 targets 1.0925 and 1.0891. The current range shortest term is found between 1.1058 – 1.1088, 30 pips. Notice ranges 56 pips Vs 30 pips. Next range breaks above 1.1088 is found at 1.1114 and 1.1138. The Forward line and upper range tops are found at 1.1232 and 1.1225. Our EUR/USD currently is in a very bad position. Its stuck between major support and resistance points and could easily fly either way.

Overbought begins at 1.1168 – 1.1171. The curve downslopes all the way through. To go higher then breaks must be seen at 1.1088, 1.1114, 1.1124, 1.1135, 1.1147, 1.1159, 1.1165, 1.1171. Because of EUR/USD current position, I would monitor closely the ranges and break points. I wouldn’t take a trade currrently until I saw a break. Since 1.1058 is the important bottom, a reversal could come at this point. The point 1.1114 is the big break above and should easily hold throughout Asia trade to Europe morning. Short is the way upon break first.

Every point mentioned here is perfect, perfectly calculated and all derived from our central bankers.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/USD

AUD/USD

This morning mentioned sell point 0.7330 saw price reverse at 0.7323. This morning we dealt with 0.7282 as our short point but this afternoon we have 0.7298, 16 pip difference. The bottom is found at 0.7261. Shorts need a break of 0.7299, 0.7298 and 0.7297 to target 0.7261.

The current range is found between 0.7298 — 0.7249, 49 pips. Range on a break of 0.7249 becomes 0.7249 — 0.7225, 24 pips. Below 0.7225, next range targets 0.7152 and 0.7132. The overall range is 0.7298 — 0.7225.

Resistance points above found at 0.7297, 0.7298, 0.7298, 0.7299, 0.7302, 0.7305, 0.7308, and overbought point at 0.7320. Note this range 23 pips. The way is short and so far now that price cleared is sell rallies. But be aware of the bottom at 0.7261, its solid. But our EUR/USD bottoms are found at 1.1002 as of this morning. I see that just occurred so onward to the break of 0.7261. A recalculation is needed and will be reported in minutes.

EUR/USD Next, before and after.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/USD and FIX Prices

AUD/USD

A few respectful words regarding currency prices, hopefully to assist readers but also posted for myself. I encourage all to read in FX Trader magazine my History of the FIX Price. The Fix price dictates currency markets and prices since 1919. Its a tradition and can’t ever leave markets.The FIX price is for central banks. But central banks use the FIX price to control their currency pair prices. They know and control every Pip every second of every day and night and they view their pairs in many ranges. Those that report currency markets are manipulated don’t have a dam clue regarding currency prices and the why and how’s of movements. Those signal or news services that report the FIX price are not doing anybody any favors. Its pure public relations because the market is so far ahead of that game. Former price highs and lows is more fallacy reported for public relations. Highs and lows are good for maybe 24 hours if you are lucky, that’s it unless a reason exists to look longer term. And only then the calculation must be known and how to use it. I’m not writing to criticize only to inform and because I quantified every last fact I report here.
What central banks offer daily are free target trades everyday and that includes every currency pair on Forex God’s earth. The trades are not only free but they are guaranteed winners. But to take advantage of these free trades, it takes automation because the human mind and hands can’t calculate fast enough. Its impossible. By the time the calculation is done, the best, easiest, most profitable, guaranteed winner trade is over because the market already responded. Who is this market I mention, I don’t know but they are brilliant. My assumption is they are banks. But the impossibility of fast calculations also comes because a Pip is so small, the human eye can’t see it even if it was written on paper with use of a magnifying glass. I knew from my post last night for example that NZD/USD bottom was found at 0.6562 and NZD/CAD 0.8555. NZD/USD had a double bottom at 0.6544 on the hourlies. What good was 0.6544 at that stage when I knew the bottom was actually 0.6562. By the time I posted both pairs, the free trade was over. Now profits had to be earned. and with risk involved. Because the PIP is so small, tons of math formulas are failures. Yes some will payoff in a day or two but why bother, risk is involved. What the central banks offer is no risk, guaranteed winning target trades. By the time a trader applies a math formula and earns what 100 pips 200 pips in a day or two, tons of free trades were missed to earn quadruple 100 in a few hours at most. The more money in an account then the more free trades available since every pair offers free trades simultaneously. What’s further interesting is not all pairs are calculated the same. GBP is a stand alone and highly transparent currency pair with a simple calculation. CAD as well. But AUD, NZD and EUR must be caclulated in multiple steps to be exact. INR is highly transparent, SGD and most Asia pairs are simple and transparent. Even JPY. The best advice I can offer is view currency prices in 50 pip increments as reasonable estimates and be happy to earn it because currency markets are not designed to be easy or to win. And please most respectfully speaking here. AUD is my example for readers to trade today and follow each and every point and range, target, everything. I will post AUD again this afternoon with the changeover.

AUD/USD. Bottoms first. 0.7245. Overall Range bottom 0.7282 – 0.7209, 73 pips. Shorter range bottoms 0.7282 – 0.7233, 49 pips. Now see the bottom 0.7245. They are protecting the range bottom at 0.7233 and 0.7209 by insertion of 0.7245 because then price heads to next range bottom at 0.7136 if 0.7209 breaks. Above, price must clear 0.7281 ans 0.7282. Then range becomes 0.7282 — 0.7330 and 0.7354. That’s 48 pips from 0.7282 – 0.7330 and 24 pips from 0.7330 – 0.7354. Overbought sell point 0.7330 – 0.7354. Now points in between cause the trade must be earned and points must be highly respected.

0.7281, 0.7282, 0.7283, 0.7286, 0.7289, 0.7292, 0.7304. The AUD/USD trade today was designed by the central banks to short 0.7281 to target something very close to the bottom at 0.7245 but note how the trade taken to 0.7245 would’ve paid 36 pips. That’s actually okay and good for Monday. So instead we have sell 0.7330 – 0.7354 to then tackle the points below. Instead of earning this trade and rislking money, we could’ve already earned much money on the free trades that would’ve taken minutes to earn and exit. And who knows how many round trip trades we could’ve entered and exited. I will post AUD again around 1:00. Maybe a better opportunity exists then.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: NZD/CAD

NZD/CAD

Bottoms 0.8556 and 0.8555. Why here. Because next range bottoms below 0.8553 and 0.8513. If 0.8513 breaks below then like NZD/USD, both pairs head far far lower. Price then literally goes into almsot free fall to offer what 0.8513 means. Overall for both pairs, ranges are very wide. But they are holding prices in small containment ranges.

Again prices trade at 5 year yields for all NZD pairs. Two small ranges exist. The first is a 45 pip range between 0.8599 -0.8553 then 0.8513 if 0.8553 breaks lower. Next range 0.8599 – 0.8644, 45 pip range. Note 45 pip ranges for both. But overbought sell point found at 0.8641.

Points to go higher must break at 0.8598, 0.8599, 0.8610, 0.8618, 0.8621, 0.8623, 0.8628 then 0.8634, 0.8641 sell point. Both points at 0.8598 and 0.8599 decides higher or lower, short or long. But obviously the curve is downsloping so shorts is the way. Should a market fluke occur at sell point at 0.8641 then 0.8652 and 0.8663 next. Its not expected as the range break is found at 0.8644. Note how fast prices move to the respective points and note also how the points are respected. Most important is currency prices at every pip is known, expected and perfectly calculated. Its a market that is absolutely perfect. not one pip can be manipulated. Its absolutely, positively impossible.

JPY cross pairs this week should see volatility, maybe those pairs will be our focus.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: NZD/USD

NZD/USD

The bottom found 0.6562. Bottom exactly 0.6562 and 0.6561. A break of 0.6561 must be seen to target 0.6530. Overbought sell point 0.6628. To get to 0.6628, 0.6596 and 0.6595 must break higher. Point 0.6596 is a range break. Overbought at 0.6628 is 2 pips before the next upper range break at 0.6630. Ranges are found either 0.6596 – 0.6530 or 0.6596 – 0.6630. Above 0.6596 then range is 34 pips. Below 0.6596, range is 66 pips.

Downsloping curve. Points 0.6595, 0.6596, 0.6605, 0.6611, 0.6614, 0.6618. To see 0.6630 then 0.6613 and 0.6614 must break higher. What’s driving NZD and all NZD pairs is the 5 year yield. Watch 0.6595 and 0.6596. What’s important about 0.6530 range point below. That point breaks then NZD heads far far lower. That’s the big point holding current small small ranges. 0.6595 and 0.6596 are line in the sand higher or lower. Overall its a sell rally strategy.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: USD/JPY

USD/JPY

The historic USD/JPY picture from its 360.00 USD/JPY introduction after WW 2 is the story of a massive multi decade downtrend that saw its bottom at USD/JPY 76.00 in August and September 2011. USD/JPY 360 reversed as JPY/USD saw 0.0027 lows to today’s current price at 0.0080. The correction higher from USD/JPY 76.00 is now experiencing prices last seen in May 2002 when USD/JPY was 126.35. Prices are quoted in terms of monthly average closs. To offer context to the larger scenario, from USD/JPY 360.00 highs to 76.00 lows, the historic halfway point is located at roughly USD/JPY 218.00 and JPY/USD 0.0045. Historically from current USD/JPY 124’s is not a terrible location. What drove USD/JPY prices higher was the ride first on the short end of the USD yield curve at the 2 year yield then it gained speed when the Volatile 5 year yield was its sole driver. From a price perspective, when USD/JPY broke its 89.00 and 99.00 price points then 104.00’s and 105.00’s, the uptrend found supports and contined to current 124.00’s.

USD/JPY is a USD story as the DXY topped at 125’s in 2001 and embarked on a massive downtrend that saw 78.00 lows. to now current 97.34 in a historic retrace. The current story remains the same for USD as well as USD/JPY. Yellen raises Fed Funds, USD/JPY heads far higher and a renege or hesitation or delay will see USD drop like a rock because its way overbought. But current USD Yields are low, oversold and has poential to rise far higher to take USD/JPY far higher. The front end of the USD yield curve for example prices USD/JPY to easily head to 127.46 and 128.45.

From the JPY/USD side, BOJ QE is driving JPY lower. QE is not new in the larger historic monetary policy schemes of the BOJ and Japanese Governments since the early 1900’s. Japanese industry must export to earn profits but must import the goods to complete the manufacture of its products. Japan is not an oil producing nation so must import oil. Because Japan uses a special type of Sour Oil to drive its cars and economy, it shared a historic relationship with Iran as the world’s producer of Sour Oil. Sanctions hit Iran so Japan was forced to look to Saudi Arabia, United Arab Emirates, Qatar and Kuwait for its oil (EIA). When Fukisima hit, Japan was forced to increase its supply of oil imports. Due to Japan’s need to export, import oil and products for manufacture, the BOJ and Japanese Governments historically shared close close ties to Japanese industries that are more in line with outright partnerships. The famous and most powerful Ministry of International Trade and Industries was at the heart of directing, planning and financing all Japanese industry activities in trade. Today the agency is titled Ministry of Economy, Trade and Industry. The historic link of Japanese companies, Governments and BOJ policies has seen every economic policy derived since the 1900’s fall as a massive disaster. Every decade brings a new failed economic scheme. The last Japanese QE attempt in the 1980’s and 1990’s failed due to target of GDP but again it was the Tax increase just as today that failed the Japanese economy. The Japanese failed to realize then that money supplies go wildly out of contriol under QE so GDP was all over the board and never hit targets. Previous was Japanese Keiretsu systems and pre WW 2 was Zaibatsu. The term Zaibatsu means monopoly and were early Japanese holding companies operating in Japan with a history that dates to the 1600’s and operated long after the 1866 Meiji Restoration. When Japan’s new constituion was rewritten after WW 2, Keiretsu formed as the new Japanese model. Japanese companies now “linked” as the true term meaning for Keiretsu.

USD/JPY. Two vital points below holding USD/JPY. 122.50 and 121.92. As long as both hold, longs is the way. USD/JPY is overbought only in the middle section of the curve but short and long is a trend in its infancy. USD/JPY has potential to go far higher as top of the overbought peak is not seen until 127.77, 133.14 and 137.18.

From current 123.75, next above lies 123.90, 124.03, 124.18, 124.65, 124.70, 125.84 and 127.40. Below 123.46, 122.50 and 122.40, 122.31, 122.00, 121.92, 121.70, 120.91 and 120.60. Again two vital points below 122.50 and 121.92 are key to see USD/JPY higher. A break lower for both is just a larger correction. It doesn’t stop the uptrend but delays it. To offer context to below prices, Extreme buy points are found at 123.19, 122.88, 120.52 and 121.07. So points at 122.50 and 121.92 won’t break easily. Further, extreme sell points above are found at 124.78, 124.85, 125.99, 125.76. Its again just as seen in all currency pairs under our review, its a tight tight market. Long USD/JPY is the way.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: GBP/JPY

GBP/JPY

Current GBP/JPY Range 192.23 — 191.60. Above 192.23 targets points at 193.21 and 191.35 on the way to next range tops at 194.19 and 194.48. Below 191.60, targets next ranges at 189.68, 189.64 and 189.39. Most important point 189.64. The break of 189.64 sees the downside gain speed to 189.39 188.70, 188.01 and 187.82, 187.18.

GBP/JPY Correlates at a 1 year view to GBP/USD 97%. But GBP/JPY also Correlates to USD/JPY at 99%. This isn’t good or normal. Volatility is running at 6.7%, that’s high and says GBP/JPY will see good movements. GBP/JPY is way way overbought Vs GBP/USD and overbought Vs USD/JPY. Shorts is the way for GBP/JPY.

Price closed at 191.88 but below the vital break above at 191.93. The curve slopes downward. Points are found 191.91, 191.93, 191.95, 191.97, 192.01, 192.02, 192.11 and 192.13. Shorts must remain below 191.93 to target first break at 191.60 then 189.68 and 64.

Again points, levels, targets, ranges are perfectly calculated and are exact.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: GBP/USD

GBP/USD

The June 15 jobs data revealed Wages in the UK rose at their fastest pace since August 2011 at 2.7% while the present unemployment rate for under 16 years of age remained at 5.6% since December – February 2015. The 16 -64 years of age category also held steady during the same period at 5.8% based on current data from the UK Office of National Statistics. A cursory view however what’s important is the dramatic effects GBP interest rates and yields had on that one June 15 release. UK Yields from 3 month — 1 year now trade above USD yields. The UK 2 year yield trades below USD but is currently bumping up against USD. Interest rates spiked to current peaks and hasn’t moved since June 15. As mentioned dips will be bought and GBP will hold in small ranges. So far that has been the case and the future appears to hold the same promise. But the spike in yields and interest rates also represents a vote of confidence in the BOE hiking the Bank Rate sometime in the future. What changes the present course for the BOE is for bad data to appear. Then look out below GBP as it will drop like a rock and the distace to travel below is very far and wide. The next Wage release date is Ausist 12.

GBP/USD. The rough patches of Resistance above at 1.5800’s are many and begin at 1.5826, 1.5853, 1.5893 and 1.5896. Most important in this series is 1.5893. To go higher, GBP/USD must pass above all points. Overall, shorts are meant to sell below 1.5800’s but GBP is held in small small ranges due to trades at the front end of the curve.

The Current Range is found between 1.5530 — 1.5479 and 1.5477. Its a 51 – 53 pips range. Below 1.5479 and 1.5477 comes next 1.5393, 1.5324 and 1.5301. Above 1.5530 then next 1.5609, 1.5688, 1.5712. Above 1.5530 — 1.5688, ranges open wide and more volatility seen as the range bcomes 158 pips wide.The point at !.5712 holds prices to see 1.5800’s.

Price closed at 1.5504 and dead on a Support / Resistance point. To see shorts and to target 1.5479 and 1.5477 then 1.5504 must break lower. Points above on the way to 1.5530 begin at 1.5504, 1.5506, 1.5507, 1.5508, 1.5509, 1.5512 and 1.5521. The range between 1.5504 – 1.5509 is a dead neutral zone. If price holds below 1.5504 then shorts is the way to target the area at 1.5479 and 1.5477.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/JPY

EUR/JPY

EUR/JPY closed at 135.81 and 9 pips below its next vital point at 135.89. Note EUR/USD closed at 1.0975 and 4 pips below my reported line at 1.0979. I reiterate 28 EUR currency pairs, interest rates and German Yields are all bunched together and causing a tight tight range market. Any price movements seen occur at the most shortest end of the curve. EUR currency pairs are lost and uncertain as to their next direction. EUR/JPY is no different as its price moves over months has wandered in tight tight ranges. It Correlates to EUR/USD 44% and USD/JPY 0.08%. As JPY/USD the correlation becomes 0.19%. Correlations in EUR/JPY V EUR/USD and USD/JPY hasn’t varied in 2 months and running. EUR/JPY desperately needs a break below a significant price point to see not only better price moves, trends and direction but it must again fully marry to its true position as EUR/USD. That price break isn’t seen until 132.50’s crosses below.

EUR/JPY. Current ranges are located between 136.18 — 135.57 and 135.64. A break higher at 136.18 targets next ranges at 137.43 and 137.24. But current forward line is moving down from its present position at 137.45. This means lower 137’s will be a price struggle to break higher for EUR/JPY. Below: A break of 135.64 and 135.57 targets next range points below at 134.69, 134.53 and 134.34. Then we begin focus on 133.17.

Shortest term ranges to cover Asia to American morning are found between 135.87 and 135.88 — 135.21 and 135.20. A break of 135.20 and 21 must be seen in order for EUR/JPY to gain downside speed to 134.69. 135.20 and 135.21 is also the point to look for a possible bounce. EUR/JPY price is overbought and sell point is located at 136.56 –136.68. In case of a market fluke, Next sell points found at 137.24 and 137.33. The curve is downsloping. Next points above 135.87, 135.88, 135.89, 135.97, 136.06, 136.22, 136.38, 136.53, 136.68, 137.24, 137.33.

I reiterate most respectfully my points, targets, ranges are carefully calculated and perfectly exact. A more bolder yet no less respectful statement is my points, ranges, targets is not only what the central banks watch but they trade on these specific points. Many thank you’s Tak, US and Xie Xie, nandn, terima kasih

More EUR pairs and GBP pairs on the way.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

EUR/USD

Heading to the close and Sunday night Asia. Allow me to address the ranges first and its implications for future days. The current range is 1.0953 – 1.1003. Below 1.0953 targets next range below at 1.0853. But and this is vital. The big giant supports below are found at 1.0923 and 1.0924. Its no accident when supports are seen so close together. The point at 1.0923 actually calculates 3 trimes in the front end of the curve and 1.0924 appears once. Respect both points as they are vital to further EUR/USD downsides. Regarding 1.0853. That’s important and vital to see EUR/USD lower but first comes 1.0869. So below 1.0923 then targets become 1.0869 and 1.0853. If EUR/USD is to travel lower then 1.0869 and 1.0853 must break. But here as well we want to watch for a possible bounce. Topside.

Overbought begins at 1.1043. But it assumes 1.1003 breaks hgiher. Then we begin to look at 3 vital points next week if 1.1003 breaks higher. The first is 1.1033, 1.1043 and 1.1088. The point at 1.1088 is not only way way overbought currently and far out along the curve but to see that level then the 100 day average must break at 1.1045 and Distribution average at 1.1072. The point at 1.1033 is the 1 year German Yield. What the break at 1.1033 means is if that break is seen then the EUR enters a new dimension. EUR would then be driven by yields for the first time in 10 months. It would also assume the policy of negative deposit rates is over. Its not likely particularly when QE is just beginning. So we want to watch 1.1033 – 1.1043 next week as well as 1.0923 below.

Points. Shorts need breaks at 1.0978 then 1.0979. Next above 1.0985, 1.0993, 1.1005, 1.10181.1030, 1.1043. 1.1088.

Thank you friends and readers, dhonno baad, kop kun maak, aitah, me daa si, paldies, duze diakuju

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/JPY

EUR/JPY

EUR/JPY range is contained between 135.99 – 135.38. The EUR tight range story remains the same. Rick Santelli just reported 10 year German Bunds and 10 Year USD Yields are stuck in tight tight ranges. Thank you but all that read here knew that story last weekend. All also knew German 2 Year and USD 2 year are also in tight tight ranges. Tight ranges are seen in EUR currency pair prices, Yields and interest rates. The entire structure of the USD and EUR complex is stuck in tight tight ranges. Add the fact that all 28 EUR pairs correlate Vs Each other. Draw a cross, what’s seen. All 28 EUR pairs are stuck in the top right quadrant stacked against each other. Its ugly and needs a breakout. For those that missed the German and USD yield story. Hit the site, its there.

EUR/JPY. Range 135.99 – 135.38. I add from another system ranges 135.63. Below 135.38 then next 134.69 and 134.15. Above 135.99 then next 137.24. That;s today only except for my added points at 134.69 and 135.63. My points will are useful through Sunday night Asia trade.

Points. 135.68, 135.69, 135.78, 135.87, 136.19, 136.49. Overbought begins 136.19 – 136.34. Again tight tight ranges.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/AUD

EUR/AUD

Check this tight tight range 1.5091 — 1.5023. Breaks are needed either side to get EUR/AUD moving. Range break above 1.5202 and 1.5229 but 1.5091 must break higher. Range break below 1.4886. Ranges overall in EUR/AUD are extremely wide.

Overbought sell points begin 1.5112 1.5129, 1.5146. Points. shorts need break 1.5057 and 1.5058. Next points above 1.5058, 1.5077, 1.5112, 1.5146. That’s it for EUR/AUD. We need a range break 1.5091 – 1.5023.

EUR/JPY next, chances are good we see the same tight tight ranges. EUR/GBP is a pair not worth the trouble. Its a severe probelm pair for many many months and not worth the touble to trade or even look.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

EUR/USD

Our Forward line jumped since we last visited EUR/USD from 1.1010 to now 1.1064. Took 1 week and says this EUR is again in slow price grinds. EUR/USD held the same moderate top as before. I don’t see any excitement in EUR/USD. We are at a dangerous bottom overall. But EUR has ability to head lower. Note how oversold EUR/JPY is at its break point at 134.69 below and 135.63 above. EUR/JPY is not helping EUR/USD downside. Nor is EUR/AUD. AUD/USD saw new lows by help from AUD/JPY. We aren’t seeing the same in EUR pairs. I will look at other EUR pairs and post here in a few minutes. A EUR pair somehere is driving EUR/USD

The curve again downslopes today as all previous days. Any rallies, we sell. Overbought sell begins 1.0990 – 1.1002. Point at 1.1002 is a big break intraday for EUR/USD. Not likely seen especially today. Range breaks above 1.0963. Range breaks below 1.0913. Break below at 1.0913 is needed to see 1.0800’s and lower. Bottom range point 1.0814. Above 1.0963, range becomes 1.0963 – 1.1063.

Points 1.0938, 1.0939, 1.0946, 1.0953, 1.0965, 1.0978, 1.0990, 1.1002. Overbought again 1.0990 – 1.1002. Shorts need break 1/0938, target range bottom 1.0913. Don’t fall in love with this target today. Its a big break, cause then easily we see 1.0800’s.

More EUR pairs coming,

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/JPY

AUD/JPY

We made substantial progress since we last visited AUD/JPY. Range break above doesn’t occur until 90.97. Not a threat to break today.. Overbought sell points if seen 90.45 – 90.65.

Shorts below 90.36, 90.37, 90.38, 90.40, 90.43, 90.45, 90.55, 90.65. Again overbought 90.45 – 90.65. Range break below and targets 89.76, 89.15.

Again, we hit perfect targets daily, we don’t play around, we make money everyday. Check the site for past trades and feature articles anytime. Its all documented. Excuse site, all I got and may never see its day. More pairs on the way

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/USD Spot and Forwards

AUD/USD

Be careful when a currency price hits new lows or highs. Rate markets must play catch up. Tradingfloor.com AUD/USD Forwards 1 year running negative both on the Bid and Offered, 1 year Bid negative 125.80, Offered negative 123.33, Points BID negative 0.1258, ASK negative 0.1233. helped Aussie see new Lows. 2 Year Forwards BID Negative 195.99, ASK Negative 172.99, Points Bid Negative 0.1959, ASK Negative 0.1729. 2 Year Aussie Yields 1.87, 1 Year Yield 1.98. The 1 Year is driving Aussie Spot, 25 Point Spread 1 Year vs 23 Points 2 year.

AUD/USD shorts below 0.7293, 0.7294, 0.7295, 0.7297, 0.7299, 0.7300, 0.7316. Overbought sell point begins 0.7316. Range below 0.7245, 0.7196, 0.7174. Above Range 0.7342, 0.7392. Note overbought 0.7316 V Range break 0.7342. Next we target the break at 0.7245 then look to 0.7100’s.

What we do here daily is hit perfect targets and daily profits in Any pair, anytime. We don’t play, we make money. We can hit targets in 5 pairs, 6, 7, same day. My arsenal is 476 pairs, need a pair and target, name it. More pairs coming today,

Thank you to many many readers, the base is growing exponentially, exponentially, 2.718

Brian Twomey, Inside the Currency Market, btwomey.com