Inside the Currency Market:USD/CAD

What explains the late afternoon rallies is Fed Funds closed at 0.08 and off from 0.14 closes in the past three days. Prior to the past three days closes, Fed funds closed at 0.15 everyday since August 14th. A close at 0.08 doesn’t warn of impending problems rather its just typical for Fed Funds to see a drop of this magnitude. I reviewed tons of Fed Funds data from daily, weekly and monthly averages going back 30 years and on many occasions only to find that one day like today that doesn’t make any sense. Fed funds could rise and rise for long periods then the drop appears. Fed Funds then continues on its path for long periods again then the one day appears to see the drop. I never understood why this phenomenon exists but it does. A central bank would never, ever answer a question about interest rates. The interest rate is the heart to every nation and every nation’s funding abilities and markets. When writing Inside the Currency Market, I sent questions to the BOC regarding the discrepancies between Corra and the Overnight Money Market Finance Rate. They couldn’t answer so they sent the questions to Carney upstairs who was the head of the BOC then before he transferred to the BOE. I’n still waiting for an answer.

EUR/USD Longs from 1.1275 to target 1.1313 saw Dead Stop 1.1318 then reverse. EUR/CAD severely overshot target. The range top was found at 1.5047 while the base top was 1.5026. The trade was long from 1.4846 to just under 1.4930. Price Dead Stopped at 1.5004. Note the constant at 73. Now EUR/CAD is severely overbought and working its way short as intended.

I worked out USD/CAD but I’m skeptical about this trade. Price at 1.3250 must clear 1.3254 then it should travel to its Channel top at 1.3310. Tough points above at 1.3324, 1.3301, 1.3367 are rock solid unless Asia changes this scenario. Bottoms are found at 1.3103. What decides USD/CAD fate is 1.3254 above and 1.3230 below. Now 47 pips exist from 1.3254 to 1.3301 while 221 pips exist from 1.3254 to bottom at 1.3103. To see 1.3103 then 1.3170 must break. I will reprt again USD/CAD at the China open.

By the way, thank you sincerely and respectfully European Union and Belgium for views and constant support. Also thank you very much DKK and NOK.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

EUR/CAD is already at overbought sell points just below 1.4822 and 1.4930, Range break above not seen until 1.5047. We begin shorts to target 1.4889, 1.4882, 1.4874 and eventual break of 1.4849 to target 1.4836 and lower to 1.4829, 1.4822, 1.4816, 1.4811, 1.4794 and Bottom 1.4774. Range break below 1.4650, Bottom 1.4774.

Hope this trade isn’t for naught. Next USD/CAD, Maybe USD/JPY. Open for suggestions.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market:EUR/USD

This morning trades, AUD/USD shorts below 0.7085, targets 0.7056 then 0.7027. Price Dead stopped 0.7016, +69 Pips? EUR/USD Long above 1.1236, Target 1.1293, Dead Stop 1.1280, saw 1.1269 Bottom on reverse shorts + 46 Longs shorts? + 11. EUR/CAD Broke 1.4781 Bottom to 1.4754, 2 pips of reported 1.4752. Then reversed long above reported 1.4856, Dead stopped 1.4879, for + ? 23. Total ? 69 + 50 + 75 conservatively, + 195 pips?

My friends from Belgium and European Union, fell free to write at address below anytime. What I’m doing here is nothing compared to what’s coming. I’m in warm up stages. Hit targets on 3 and 5 currency pairs at the same time? I will hit perfect targets on 20, 50 currency pairs at the same time. Stay tuned and call your banker and hedge fund friends to watch.

EUR/USD. Bottom 1.1218. Range break above 1.1426, Below 1.1123. Overbought sell point 1.1313 – 1.1331. Again ranges opened wider, 1.1331 is a big line, break means higher but its a far distance until the China open. The China open nullifies this line. Strategy. Longs above 1.1275, Target 1.1313. Then reverse short to 1.1294 and break of 1.1275. Points on the way up, 1.1279, 1.1282, 1.1292, 1.1313, 1.1331.

Shorts below 1.1274, target 1.1246. Watch for reversal to 1.1274. Points on the way down, 1.1265, 1.1255, 1.1250, 1.1248, 1.1233, Bottom 1.1218.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: EUR/CAD

EUR/CAD. Bottom. 1.4781. Range Break above 1.5044, Below 1.4668, Wide Ranges. Overbought sell point 1.4931, look for possible fail at 1.4894. Target met at 1.4931, Short Target then 1.4893. Target at 1.4894 then short target 1.4875. Strategy. Longs above 1.4856, Points on the way up, 1.4858, 1.4862, 1.4878, 1.4894.

Shorts below 1.4856, target 1.4818, this point must break higher to target again 1.4856. Below 1.4818 targets points below 1.4837, 1.4821, 1.4801, 1.4791, 1.4781 Bottom. Bottom breaks then targets 1.4752 then 1.4724.

Again I see only nations not names nor anymore details, I thank the many loyal nations for continued support. I’m working on transfer to website and in the process of automation for all our currency pairs to gain speed and catch moves much quicker.

Brian Twomey Inside the Currency Market btwomey.com

Inside the Currency Market: EUR/USD

USD/CAD price hit 1.3268 yesterday and dropped like a rock. Why? That was the Maximum price Peak, USD/CAD couldn’t mathematically go any higher. I saw propaganda where the drop was blamed on Oil or some such baloney. Price at 1.3268 was going to drop if nothing was reported because it hit Max Peak. Prices rise and fall based on Statistical Price Paths. Nothing can stop Statistical Price Paths, its written mathematical stone. The Forex Gods can’t change a price path. Same principle as those talking about Volatility, volatility isn’t here and doesn’t exist. I’m calling all these propagandists Edward Bernays cause its all bull shorts and public Relations. Edward Bernays wrote the book called Propaganda. His success was focused on Crowd Psychology and the Herd Instinct. He believed Crowd Psychology and the Herd Instinct were completely Irrational but his success was based on steering all to Irrationality. Bernays was a devious and no good character but he shaped modern Advertising and Public Relations to what it is today. Its why successful and big named people without an ounce of intelligence become successful and big named. Its a scam but Irrational fell for it. Interesting concepts. So CAD was dropping anyway, no matter what happened.

EUR/USD. Bottom. 1.1179. Range Break above 1.1378, 1.1458, Below 1.1094. Overbought sell point 1.1293 – 1.1320, range reported cause news is coming. Target achieved at 1.1293, then short to 1.1264 then 1.1236 and break 1.1236. Strategy Long to Target 1.1293, Points on the way up, 1.1240, 1.1252, 1.1265, 1.1279, 1.1293, 1.1320.

Shorts below 1.1236, target 1.1207, Watch for reversal to 1.1236. Bottom break then target 1.1136. Points on the way down, 1.1229, 1.1222, 1.1209, 1.1194 then Bottom 1.1179.

Brian Twomey, Inside the Currency Market, btwomey.com

Inside the Currency Market: AUD/USD

Quick review. EUR/CAD yesterday afternoon, sell 1.4821 saw Bottom 1.4707, My target 1.4746 and yet again didn’t include Bottom Break at 1.4746. Bottom broke yet the trade to my reported bottom paid 75 pips. Trades I report are done and profit exit in what 1 hour, 2 hours. USD/CAD Long 1.3138, Target 1.3192 yet again hit target but continued to channel top at my reported 1.3203 – 1.3241. Price hit 1.1.3233. Profit to Target 1.3192 paid 54 pips. Then short to Target 1.3165, met target and 1.3154 for another 27 pips. 81 pips + 75 = 156. Then yesterday afternoon EUR/USD Long 1.1207, Target 1.1264 saw Dead Stop 1.1239 then recommended reverse short saw reported 1.1236 then 1.1208. + 32 Longs, + 31 shorts, total + 63. Total trades + 156 + 63 = + 219 Pips. Trades done and profited 1 hour, 2, whatever. Always correct, perfection to near perfection achieved, never wrong and always profits. CAD we must target Channel Tops since it gravitates to those Channel tops.

AUD/USD. Okay why was central banks and Hedge funds selling AUD throughout China Devaluation fiasco. Because nothing changed in AUD, Literally nothing. What will change, probably nothing as I see it except continued shorts.

AUD/USD. Bottom 0.7085. Range break above 0.7144, 0.7215, Below 0.7096, 0.7027. Overbought sell point 0.7129. As of this writing Bottom broke, we then target Bottom 0.7056 then 0.7027. Longs must break above 0.7121 to target 0.7129.

Brian Twomey Inside the Currency Market, btwomey.com

Inside the Currency Market: USD/CAD

USD/CAD. Bottom. 1.3072. Range break above 1.3212, 1.3252, Below 1.3061, 1.3023. Overbought sell point 1.3192. Channel top 1.3203 and 1.3241. Strategy. Longs above 1.3138, target 1.3192. Then reverse short to Target 1.3165. Points on the way up, 1.3141, 1.3144, 1.3148, 1.3167, 1.3178, 1.3192.

Shorts below 1.3128, target 1.3105. Watch for reversal here to 1.3138 and higher. Points on the way down, 1.3132, 1.3125, 1.3119, 1.3108, 1.3106, 1.3089 then Bottom 1.3072.

Brian Twomey, Inside the Currency Market, btwomey.com