Inside the Currency Market: USD/CAD

USD/CAD volatility is derived from its wide wide ranges. CAD has plenty of room to roam. A few facts to understand. Daily ranges are valued at current 33 pips, that gives us intervals valued at 18 pips. This is terrific volatility. USD/CAD has ability to fly higher. Fly higher means we could see 1.4000’s in time especially if Big Sis Yellen decides to raise Fed Funds. But fly higher is exactly what the BOC wants to see as it views a higher USD/CAD as a stimulant to Canada’s economy and exports. From the BOC side, CAD is 0.7562, its historic average is right at about 0.9900 so its 2500 pips off its historic long term average. Its not a terrible situation for Canada and the BOC considering the 1990’s saw USD/CAD at 1.5500’s. USD/CAD can easily handle higher levels without causing economic disaster.

The direction for USD/CAD is higher especially as supports are many and strong and begin from 1.2000’s and upward to 1.3000’s. The strongest and immediate supports below exist at 1.2540 and 1.2667, both are rock solid. Above and strongest resistance begins at 1.3803 and 1.3962, those points are solid, for now. So overall range and note the wide distance 1.2667 – 1.3803, that’s 1136 pips.

USD/CAD. Bottoms, 1.3091, 1.3108, 1.3147. Bottoms are range points, actual bottom 1.3157. We missed the downside. Range above 1.3299, 1.3339. Most important points above 1.3223 and 1.3251. Strategy. Longs above 1.3223, target 1.3275, 1.3290, 1.3301. Top of the channel 1.3328. Caveat to channel top, this morning channel top was hit at 1.3268 exactly and drifted to current bottom at 1.3116. The strategy is long USD/CAD.

We are currently 1 hour from China opening. To be more perfect in our trades, I will post again around 10:00 p.m. EST.

Inside the Currency Market: EUR/CAD

EUR/CAD has been a volatile pair, a good mover and far better than EUR/JPY so we continue with EUR/CAD. Next is USD/CAD and anything with USD in the first position. The other half of the universe is now conquered. We can now hit Targets on USD/ Botswana if we wish.

By the way my computer friends if a need exists. Karen intellexual – design.com. Karen is a computer expert and computer professor, long time friend and trusted with btwomey.com. Shane my sincere friend designed my trading systems. He is another expert, has vast knowledge and 20 years experience and gets it right the first time. He is a master web developer, programmer, program designs. Name it, Shane can do anything and gets it right. wowempower.com. Both as well are sincerely honest people.

EUR/CAD. Bottom. 1.4746. Range break above 1.4975, below 1.4668. Overbought sell point 1.4896 — 1.4933. Strategy. Longs above 1.4821, Target 1.4896. Then reverse short to 1.4858 then 1.4821. Points on the way up, 1.4827, 1.4843, 1.4859, 1.4877, 1.4887, 1.4896.

Shorts below 1.4821, target 1.4783. Watch for reversal here to 1.4821. A break of 1.4783 means lower. Points on the way down, 1.4811, 1.4802, 1.4794, 1.4786, 1.4766, 1.4746.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

This morning EUR/USD Trade. Long 1.1215 failed at 1.1243 and before 1.1245, short of 1.1271 Target. Short then broke 1.1214, to Target 1.1186, price hit 1.1180. Good enough for almost what 90 pips on long then shorts and a late reported day,

EUR/CAD next and USD/CAD.

EUR/USD. Bottom. 1.1151. Range break above 1.1324, 1.1376. Below 1.1092. Overbought sell point 1.1264, 1.1278. Strategy. Long above 1.1208, Target 1.1264. Then reverse short to 1.1236 then break 1.1208. Points on the way up, 1.1212, 1.1224, 1.1237, 1.1264.

Shorts below 1.1207, Target 1.1179, Watch reversal long here to 1.1208. Points on the way down, 1.1207, 1.1194, 1.1187, 1.1181, 1.1166, 1.1151 Bottom.

Continued thank you’s to friends at Fxstreet.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Last trades. EUR/USD Dead Stop and Reverse 1.1261, I said 1.1271. Then 1.1245 broke and 1.1217 to see lows 1.1196. GBP/USD, Dead Stop 1.5436, I mentioned 1.54 something to 1.5458. Then price reversed to 1.5395, I mentioned 1.5385 target. EUR/CAD Dead Stop 1.4906, my Target 1.4904. Then reversed to 1.4825, my Target 1.4829. Near perfect. Reason for the DXY post was to run through USD pairs especially CAD because its so volatile and we need to catch those moves. I thoroughly understand what USD is all about, what triggers movements, how far, how fast, direction, points to trade, take profits. The DXY is the DXY and has its purpose but its not CAD, JPY, CHF. Anything with USD as first position will be reported to trade.

Not much changed in EUR/USD and its why this report is so late this morning. The ECB was undecided on next moves and its still that way. We won’t know more in direction terms until this afternoon. The direction overall is down, that we know. But how much, how far and how fast is learned by numbers. But We generally know over the weekend but the necessary data wasn’t released.

EUR/USD. Bottom. 1.1158. Range break above, 1.1331, 1.1338. Below 1.1099, 1.1047. Overbought sell point 1.1272. Then reverse short to 1.1243 and lower to break 1.1215. Points on the way up, 1.1219, 1.1231, 1.1243, 1.1257, 1.1272.

Break of 1.1214, Targets 1.1186.

Brian Twomey, Inside the Currency Market, btwomey.com

9:00 and the ECB doesn’t release data? Note how EUR wasn’t updated over the weekend, its because they didn’t release the necessary data. Its hit or miss for ECB in weekend releases now. Never was the case before. Exchange rate transparency is slowly leaving us by all central banks. Canada just joined the bunch as latest victim in non transparency. Central banks despise exchange rate movements but they won’t come to the realization they are the cause and effect. Yet they still try to have their cake and.. I post when I obtain data, if I missed this morning’s move then we shoot for this afternoon.

Inside the Currency Market: EUR/USD

EUR/USD. Bottom. 1.1160. Range break above 1.1333, Below 1.1101. Overbought sell point 1.1273 – 1.1301. Strategy. Longs above 1.1217, Target 1.1273. Then reverse short to 1.1245 then break 1.1217. Points on the way up, 1.1221, 1.1245, 1.1259, 1.1273, 1.1301.

Shorts below 1.1216, Target 1.1188. Watch for reversal here to 1.1216. Points on the way down,1.1209, 1.1202, 1.1190, 1.1174, 1.1160 bottom. Bottom Breaks then 1.1101.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: US Oil, WTI

Moving averages 30, 25 and 20 year crossed below the 15, 10, 5, 2 and 1 year averages. The current price at 45.03 trades comfortably between the 30 and 25 year averages from 42.78 – 47.37. Comfortably because current price in relation to the 30, 25 and 20 year averages are neither overbought nor oversold. A price move up or down won’t affect the MA numbers in any significant manner. Price above the 30 year average at 42.78 reveals an upward trend just beginning while price below the 25 and 20 year average at 54.14 reveals a downtrend just underway. If price breaks the 30 year average at 42.78 then price will remain below every average from 1 year to 30.

Two factors dictate current WTI prices, the 5 year average and significant tops. The 5 year average is the highest average among its counterparts at 88.98. This average prevents downside and sustainable moves because price becomes severely oversold. The current average at writing remains severely oversold. Extreme oversold begins at 41.13 while its absolute bottom is found at 33.15. While WTI made its downside move, the 5 year average remained out of sync in relation to the larger price drop. Price dropped while the average remained constant. Further, a significant and out of bounds Peak is seen in the 5 year average to further highlight the importance and out of sync nature of the 5 year average. Yet the entire 30 year distribution reveals a significant Peak as well as the the 25 and 10 year average. This revelation says we are in sell rally mode

Price at 45.03 trades directly between EUR/USD at 1.1184 and DXY at 96.15, Oil trades between GBP/USD and DXY, Trades between AUD and DXY, CHF and DXY, NZD and DXY, JPY and DXY, CAD and DXY, The list goes on. Oil is a perfect candidate for the Correlation trade previously mentioned because oil is a currency with a different name.

Two most important points to the downside are found at 31.69 and 27.25 followed by distributional breaks at 36.88,32.48, 41.13, 33.15. Other points on the way down, 41.96, 41.69, 40.33, 39.99, 38.57, 36.82, 36.38, 34.14, 31.86, 31.69, 31.56, 31.44, 26.37.

Upside points include 47.37, 54.14, 53.07, 53.42, 56.03, 57.85, 59.18, 64.47. What is vital to reported points they represent vital distributional changes. Price will gain speed up or down upon breaks.

Why points because ranges are found between 9.12 – 33.07, 19.44 – 46.60, 23.46 – 68.32, 20.84 – 53.42, 26.37 – 68.26.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: DXY

The vast majority of financial trading activity in the United States takes place at the 6 month yield. At the 6 month Yield is found 1 month Eurodollars, US Treasury Repo rates and 1 month Financial Commercial paper. 3 month Eurodollars are found at the 1 year yield. 6 month Eurodollars trades between 1 and 2 year yields. Libor trades between 3 and 6 month yields. Stock Markets, yep 3 and 6 month yields. 1 month Eurodollar spreads to Libor is 0.0565. Eurodollars are deposits overseas. Libor is money borrowed, lent and traded in London. Commercial paper is money borrowed unsecured for overnight to 270 days. Why 270, then it doesn’t have to report to the SEC. What I described is the DXY, how its viewed, traded and forecast. Those analysts showing these 10 year yield charts for the DXY, well what can I say. They add to the 90% of information written that is worthless and non trade able.

Fed Funds closed Friday at 0.14, not 0.15. Those closes places the DXY larger range between 105.41 – 87.68 and 104.50 – 88.45. The DXY closed Friday at 96.15.

DXY. Bottom. 95.66. Range above 96.69, Below 95.59. Overbought sell point 96.42, 96.47, 96.54. Overall 96.42 -96.54. Strategy. Long above 96.14, Target 96.42 then reverse short to 96.28. Points on the way up, 96.14, 96.17, 96.23, 96.42.

Shorts below 96.14, Target 95.90. Watch for reversal long here to 96.14. Break of 95.90 then next 95.88. Points on the way down, 96.09, 95.94, 95.91, 95.88, 95.66 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: GBP/USD

From current 1.5384, three big points exist below: 1.5223, 1.5188 and 1.5045. Above lies range points at 1.5516 and 1.5551. Two Moving average lines above at 1.5400 and 1.5691 are descending slowly everyday on current price. To head higher, GBP/USD must break the 1.5400 point to target 1.5458 then 1.5487.

GBP/USD. Bottom. 1.5292. Range break above 1.5516, Below 1.5223. Ranges are wide. Overbought Sell point 1.5400, 1.5458. target met at 1.5400, then short to target 1.5385. Target met at 1.5458, short target becomes 1.5414. Strategy. Longs above 1.5370, Target 1.5400.

Shorts below 1.5370, Target 1.5331. Points in the 1.5300’s are many so watch for reversal higher to target 1.5370 and higher. First point 1.5346 then 1.5337, 1.5334, 1.5333, 1.5330, 1.5331 then 1.5311 and Bottom 1.5292. If bottom 1.5292 breaks lower then next 1.5223, 1.5188.

Brian Twomey, Inside the Currency Market, btwomey.com

Canada: Inflation, WCS/WTI, Brent, Economics

Oh Canada as is the national anthem moniker. The first question one must ask regarding Canada is who are you, Australian, British or USD. Well CAD was pegged to GBP from 1841 – 1858 and its currency today and economic system loosely resembles the UK system so it shares a British tradition. CAD currency was once Spanish Holy Dollars, same as Australia and thanks to a fascinating British sailor by the name of Captain James Cook. Canada’s Total Return bonds are calculated exactly as Australia’s bonds. Due to geographic proximity to the US, Canada melded its economic system to the US because of export trade in oil, metals and Car parts. In WW 1, Canada pegged to USD at CAD 1.10 Vs USD 1.00. It free floated in 1950 then re-pegged again to USD at CAD 1.000 to USD 0.9250. Canada is a long time economic and foreign policy friend to the US, Its economic system is a hybrid and backed by protections upon protections. Its not a tough system to understand but it takes research to understand how it works, what triggers the system and what makes the exchange rate move. The economic system and exchange rate are found in channels, ranges yet small spaces.

Inflation is running at 1.3%, Core at 2.3% and not good. Canada Targets Inflation in ranges and calls it Inflation Control targets. Inflation Control Targets are agreed in 5 year increments. The last increment was agreed November 2011 and runs to December 2016. Because Canada’s Monetary Policy decisions run with a 6 – 8 quarter lag especially Inflation, CPIX was introduced to track headline inflation but added as a protection so the bottom doesn’t drop into deflation. CPIX is strictly Core as is the PCE Deflator in the US, Tradables vs Non Tradables in New Zealand and Australia. But Canada’s CPIX resembles Sweden’s CPIX. The only difference is Sweden strips out housing while Canada excludes Food, Gas and Indirect taxes. All the methodologies are the same its just the manner employed as the monitor nation to nation. On the BOC homepage is the Inflation Control Target and Operational Guide. The Operational Guide is Core Inflation or CPIX.

Canada is banking on lower Inflation as it sees GDP growth return in late 2016 due to a lower CAD exchange rate, higher USD and increased export growth. CAD to USD is currently 0.7536 VS USD to CAD 1.3269. A lower CAD, higher USD is a stimulant to Canada and exports. All nation’s believe as they lower exchange rates then exports will bring economies back to health. This path will lead to export wars later as was the situation in the 1930’s. Ever see France and Britain meet one on one in formal relations, nope. The lingering effects are still felt 75 years later as the best of the Export / Currency wars existed between France and the UK. Each sought to crush each other’s currency to gain export advantage.

Canada’s oil in found in Western Canada Select, WCS and Edmonton Mixed Sweet. WCS closed at CAD 36.70, up 4.97. WCS Vs 1 year ago was CAD 84.38, off 47.58 with an average Year to Date price of 48.79. The 36.70 close price is USD to CAD 46.75 at the close spot price and 48.70 with a 4% premium included as is the case for Canada. From CAD to USD close price 36.70 then 27.66 and 26.55. At the 2014 CAD 84.38 highs translates to USD 111.83 and CAD to USD at 63.52 and 60.98. The year to date change at minus 47.58 translates to USD to CAD 63.13 and 60.61. CAD to USD translates to 34.42 and 35.86. The average year to date price 48.79 at CAD to USD equates to 35.30 and 36.77 and USD to CAD 62.15 and 64.74.

Edmonton Mixed Sweet closed at CAD 49.57 and translates to USD to CAD at 63.14 Spot and 65.77 with 4% Cash Rate. CAD to USD translates to 35.86 Spot and 37.36.

The WTI / WCS Differential runs CAD 19.47 or CAD to USD 14.09 spot and 14.67 with the premium. The average year to date price at 59.44 equates to USD to CAD 24.80 Spot and 25.83 premium. The 2014 CAD 17.97 differential equates to USD to CAD 22.89 Spot and 23.84. CAD to USD 13.00 and 13.54. The average year to date price at 15.85 equates to CAD to USD 11.47 and 11.95. USD to CAD 20.19 and 21.03.

Canada in the latest July Monetary Policy report sees less investment in new production to constrains future supply, yet cost cutting and Technological advances lowers supply. A mention was offered OPEC may raise supply levels.

WTI Cushing Spot closed 42.56, + 3.96 and 1 year ago price was 93.88, off 51.32 with an average year to date price at 51.68. At 42.56 translates to CAD to USD 30.79 and 32.07, USD to CAD 54.21 and 56.47. The year ago price at 93.88 means USD to CAD 119.59 and 124.57, CAD to USD 67.92 and 70.75. The 51.68 average year to date price translates to CAD to USD 37.39 and 38.95. USD to CAD 65.83 and 68.57.

Brent / WTI Spreads currently run 3.37, off from February highs at 7.22. The current 3.37 price translates to USD to CAD 4.29 and 4.47. CAD to USD 2.44 and 2.54. CAD to EUR 2.18 and 2.27. EUR to CAD 4.80 and 5.00.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

Last Trade this morning. Short 1.4954, Bottom broke at 1.4878 and hit 1.4745 lows.

EUR/CAD. Bottom. 1.4717. Range break above 1.4910, Below 1.4672.Overbought sell point 1.4867, 1.4904, 1.4941. Strategy. Longs above 1.4792, Target 1.4867. Then reverse back to 1.4829. Points on the way up, 1.4798, 1.4832, 1.4839, 1.4867, 1.4904, 1.4941.

Shorts below 1.4791, Target 1.4754. Watch reverse long to 1.4791. Break then heads lower. Points on the way down, 1.4778, 1.4774, 1.4757, 1.4754, 1.4735, 1.4717 Bottom.

More trades posted over weekend.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Last trade this morning, short 1.1268 saw lows 1.1156 and break of Bottom 1.1211. What is 1.1156, Bottom range point 1.1155. Many apologies to not report 1.1155. Many details go into these forecasts and its my rush to hurry to get trades out that I may miss a detail.

Note how fast EUR resumed its down trend from high 1.1700’s. Its what the ECB wants, a lower exchange rate. This was part of the Strategy last September 2014 when they adopted negative Deposit rates. Lower exchange and interest rates leads to higher GDP, Inflation over time. Yet allows exports to fly out of Europe and a lower exchange rate for the first time in Euro history becomes a good for the Eurozone. This is the thinking by the ECB. Plus the ECB continues to amass a surplus of capital as they continue QE to buy bonds. CPI isn’t a problem now although the goal is to slate CPI higher over time. CPI is the protection to allow surplus funds to accumulate, A falling CPI with high surpluses risks deflation in line with Germany after WW 1. Think about life then when it took a wheelbarrow full of German Marks just to buy a stick of butter. The surplus funds become a hindrance in light of falling prices. See how this works. CPI is the ECB protection and must come higher to protect the funds. Further central banks still remember the 1970’s when CPI was 20%.

EUR/USD. Larger Range is found 572 pips, 636 and 643 pips currently. These numbers mean EUR/USD 1.1168 – 1.1622 and 1.1113 – 1.1559. Tons of resistance points exist in the 1.1300’s starting at 1.1336, 1.1338 and travels to 1.1392 at the highs. Below 1.1112 then ranges become 1.1112 – 1.0540, 1.1112 – 1.0476 and 1.1112 – 1.0547. The direction is lower and a sell rallies approach from current time to almost eternity especially if the ECB stumbles along the way as is always the case for central bankers. Lofty goals and policy prescriptions / proscriptions by central banks never come to fruition. Don’t look for an interest rate rise anytime soon and as well the ECB says CPI won’t meet target until middle 2016.

EUR/USD. Bottom 1.1112. Range break above 1.1258, Below 1.1078. Overbought sell point, 1.1226 – 1.1254. Strategy. Longs above 1.1169, Target 1.1226. Then reverse short to 1.1254. Points on the way up, 1.1173, 1.1199, 1.1226, 1.1282.

Shorts below 1.1167, Target 1.1140. Watch for reversal long here to 1.1167. A break of 1.1140, then lower we go. Points on the way down, 1.1155, 1.1142, 1.1140, 1.1126, 1.1112 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

Last evening trade. Long from 1.4814 saw Dead Stop 1.4962, Target 1.4894, + 70 pips further on long trade and 148 pips on the long trade total. Only 2nd time in 150 trades a big Target miss. This trade was scaled at 80/ 40 for 120 pip gain, but we saw 68 vs 34 and actual 148 / 74. Short reverse saw 1.4888 not 1.4854 as anticipated. EUR/CAD did a top of the serious overbought channel deal on us. And it took 8 hours to get this trade done overnight. 2 rare events, top of the channel and length of time. Normally our profits are seen and done in a few hours Maximum.

EUR/CAD. Bottom. 1.4878. Range break above 1.5039, Below 1.4867. Overbought sell point, 1.5035 bumps against range point. Strategy. Longs above 1.4954, Target 1.5035. If target, reverse short to 1.4956 then 1.4947, 1.4937. Points on the way up,1.4962, 1.4979, 1.4997, 1.5016, 1.5035.

Shorts below 1.4953, Target 1.4916, Points on the way down, 1.4947, 1.4937, 1.4928, 1.4920, 1.4915, 1.4896, 1.4878 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Review last evening trade. Long from 1.1243 Target 1.1303 saw 1.1308, +65 pips. Then reverse short to mentioned 1.1271 hit perfect + 37 pips, total + 102. We’re doing about average 80 pips per pair, per trade, each day based on longs and shorts. Some days a bit more other days slightly less but 80 so far is about correct. We’ve had 2 big target misses for 70 pips but those misses were in favor of the trade direction so maybe a miss but the miss added to the profitable trade. 80 pips per day times 150 trades posted, 12,0000 pips. Is this right, I don’t know but we suffer no losses and all trades earned profits in a matter of hours. Let’s say 50 pips per trade, that’s 7500 pips earned on 150 trades. And in 1 month. Whatever we are in good shape and I’m sure we beat everybody. Hopefully next week I’m fully automated on this system so I can post 20, 50 pairs and hit perfect targets for even greater profits. Its not the number of pairs, its the data and calculation cause its all manual. Automation allows multiple pairs with greater speed in calculations and posts. Targets are the easy part to this scenario.

EUR/USD. Bottom. 1.1211. Range break above 1.1332, Below 1.1202. Overbought sell point, 1.1329, 1.1357. Strategy. Longs above 1.1268, Target 1.1329. Then reverse short to target 1.1298 – 1.1291. Points on the way up, 1.1273, 1.1300, 1.1314, 1.1329, 1.1357.

Shorts below 1.1267, Target 1.1239, Watch here for reverse to 1.1267. Points on the way down, 1.1262, 1.1255, 1.1242, 1.1226, then Bottom 1.1211.

As always thank you friends at Fxstreet, Fxtraderhub

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

We caught this trade late, highs were seen at reported 1.4931 then reversed to 1.4803 lows. We caught 1.4838 to 1.4803 lows.

EUR/CAD. Bottom. 1.4739. Range break above 1.4882, Below 1.4745. Overbought sell point 1.4894. Strategy. Long above 1.4814, Target 1.4894. Then reverse short to 1.4854 and break of 1.4814. Points on the way up, 1.4821, 1.4839, 1.4857, 1.4875, 1.4894.

Shorts below 1.4813, Target 1.4776, Watch for reversal long to 1.4813. Break 1.4776, stay short. Points on the way down, 1.4807, 1.4798, 1.4789, 1.4780, 1.4776, 1.4759, 1.4739 Bottom.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Review last trade. Long 1.1211,target 1.1271 Dead Stopped 1.1278. Then recommended reverse short to 1.1237 hit perfectly. Longs paid 67 pips, Shorts +40 for +107 pips.

EUR/USD. Bottom 1.1186. Range break above 1.1294, Below 1.1191. Overbought sell point 1.1303-1.1326. Strategy Longs above 1.1243, Target 1.1303. Reverse short to target 1.1244. Points on the way up, 1.1249, 1.1263, 1.1278, 1.1290, 1.1303, 1.1326.

Shorts below 1.1242, Target 1.1214, watch for reversal back to 1.1242. Points on the way down, 1.1238, 1.1232, 1.1224, 1.1217, 1.1214, 1.1200, 1.1186 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

The big line break for EUR/CAD lies just above at 1.4856 while a further line above exists at 1.4964 and currently trends lower. Ranges in EUR/CAD are extremely wide, currently 524 pips yet until the China open ranges are exactly 52 pips wide. Current price just hit its Overbought sell point at 1.4931 so we could see price move lower from here. Current price is 1.4828 and is middle range.

EUR/CAD. Bottom. 1.4722. Range break above 1.4864, Below 1.4727. Overbought sell point 1.4950 then 1.4987. Strategy. Longs above 1.4795, Target 1.4950. Shorts must then clear below 1.4867, it did. Points on the way up, 1.4804, 1.4816, 1.4839, 1.4857, 1.4876, 1.4950.

Shorts below 1.4795. Target 1.4758 then lower on break to target bottom 1.4721. Watch 1.4758 for reversal to 1.4795. Points on the way down, 1.4789, 1.4780, 1.4768, 1.4762, 1.4741, 1.4722 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

This morning saw recommended sell at 1.1284 low to 1.1203, a 24 pip break of 1.1227 Bottom. Mentioned stay short on bottom breaks.

EUR/USD. Bottom 1.1154. Range break above 1.1262 and 1.1327, Below 1.1159 and 1.1094. Overbought sell point 1.1271, 1.1328, Note Range break 1.1327. Failure before 1.1271, then 1.1264, 1.1257. Strategy. Longs above 1.1211, Target 1.1271. Reverse short to 1.1227 – 1.1237, then 1.1210.

Shorts below 1.1210, target 1.1182, a break targets points on the way down, 1.1209, 1.1205, 1.1202, 1.1198,1.1191, 1.1185, 1.1182, 1.1168, 1.1154 Bottom.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

From June 29 to August 27th, 150 posted trades where Targets hit and most perfectly, Ranges were Forecast perfectly, Levels outlined perfectly. Every trade of the 150 posted earn profits and most earned Multiple profits per pair, per trade. Vast Majority earned profits within hours rather than days. If just 20 pips was earned on 150 trades, that’s 3000 pips in 1 month. But trades earned much more than 20 pips per pair, per trade. At 50 pips per trade, that’s 7500 pips per month. And no losses, not one loss, not one stop loss needed because trades were perfect. I don’t count the pip profits but they are very high. Multiple pairs were posted. Twice 5 pairs were pasted on 1 day and targets hit perfectly on all 5 posted trades on each day the 5 pairs were posted. 15 feature articles were posted over the 1 month. GDP came in at 3.7%, did I say GDP as a release was oversold, yep. Did I say EUR was the better pair over GBP because we would earn more, Yep. Its a smart audience and I appreciate all the views and support. More pairs will be posted as well as features.

Last EUR/USD trade short at 1.1393 saw 1.1292 lows then reversed to 1.1340. The bottom broke at 1.1336 as well as range points at 1.1365 and 1.1353. Bottom break as mentioned, stat short, we did and profited yet again.

EUR/USD. Bottom 1.1227. Range break above 1.1309 and 1.1322, Below 1.1256 and 1.1244. Strategy. Bottom breaks stay in to next range target 1.1171. Short target 1.1240, Bottom 1.1227. Points on the way down, 1.1290, 1.1282, 1.1275, 1.1259, 1.1254, 1.1240. Point 1.1255 must break to go higher to target 1.1282.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/USD

Last trade saw shorts from 1.1402 hit low 1.1353,and in line with 1.1360 – 1.1344 Bottom. Bottom held at 1.1344. Price reversed higher to break 1.1409 to Dead Stop at 1.1436, 3 pip violation of reported 1.1433.

EUR/USD. Bottom. 1.1336.Range above 1.1419, Below 1.1365 and 1.1353.Overbought sell point 1.1463, 1.1525, 1.1532.Strategy. Longs above 1.1393, Target 1.1463 – 1.1532. Reverse short to Target 1.1462, 1.1459,1.1428, 1.1413. Points on the way up, 1.1402, 1.1417, 1.1433, 1.1448, 1.1463.

Shorts Below 1.1392, Target 1.1364. Watch long reversal here. Points on the way down, 1.1399, 1.1389, 1.1384, 1.1376, 1.1369, 1.1352, Bottom 1.1336.

Brian Twomey Inside the Currency Market, btwomey.com