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