USD/CHF: Levels, Ranges, Targets

USD/CHF is another pair ready for a big move ahead. Let me offer the pairs, EUR/USD, EUR/CHF, EUR/JPY, EUR/NZD, EUR/GBP,

Then the GBP pairs beginning with GBP/USD, GBP/JPY, GBP/CHF, GBP/CAD, GBP/NZD, GBP/AUD. The pair to lead the way is clearly GBP/JPY.

AUD Pairs in AUD/USD, AUD/JPY, AUD/CHF, AUD/NZD will continue to range around without big moves expected.

USD/JPY is set for a big move as well as CAD/JPY. CHF/JPY is set for a big move.

USD/CHF. Two big break points exist above 0.9757 and 0.9783. Then 1.0121 and the big break below at 0.9379.

From current 0.9751, trends begin above at 0.9800 and 0.9829 V below 0.9767 and 0.9686.

To Rise, USD/CHF must remain and cross above 0.9757 then 0.9767, 0.9775 then next big break at 0.9783, 0.9793, 0.9800 and 0.9829. Where would this trend go is 0.9830’s to 0.9860’s are shortest term targets and then begins overbought as price rises.

Below 0.9767 and 0.9757, comes next 0.9763, 0.9759, 0.9752 and way way oversold at 0.9730’s and the point to long yet again.

In the larger picture, as long as 0.9683 holds then longs and buy dip strategies are valid. To track USD/CHF then watch EUR/USD at big break points at 1.1135 and 1.1206. Why the big moves seen is because many pairs are at or near major major break points with ability to fly upon breaks.

Overall watch 0.9730’s for quick longs and take the long upon a break of 0.9783 to target 0.9830’s.

Brian Twomey, Inside the currency Market, btwomey.com

On the downside

EUR/AUD: Levels, Ranges, Targets

Traditional EUR/AUD is a big mover currency pair and always offers wide wide ranges to allow big movements. Inside EUR/AUD’s price reveals more range trading ahead as current prices overall doesn’t reveal a big move ahead in either up or down direction. Why is due to EUR/AUD Correlation to EUR/USD at + 45% and minus 98% to AUD/USD. At current Correlations, EUR/AUD lacks the impetus for the big move.

From current 1.4584, the next big breaks above are located at 1.4799, 1.5022 and 1.5081. All are big breaks and all would see EUR/AUD gain speed to the upside. The downside big point break is found at 1.4025.

The problem in current prices and why ranges is location. From current 1.4584, trends begin at 1.4962 and 1.5270 above Vs 1.4775 and 1.4636 below.

On a break of 1.4799, price must remain above 1.4775 then next breaks are located at 1.4819, 1.4839, 1.4859, 1.4880. 1.4921, 1.4941 and 1.4962 where the uptrend begins. This means 1.5022 and 1.5088 should break easily as those prices are direct inside the overall price path. The target on a break of 1.4962 is 1.5100’s.

On the downside breaks of 1.4775 and 1.4636 then next comes 1.4702, 1.4658, 1.4641, 1.4618, 1.4595, 1.4558, 1.4547, 1.4489 and 1.4450.

Overall, any price in the 1.4400’s are severely oversold and best potential overall is higher for EUR/AUD. Where should the range be located? 1. 4911 to 1.4712, buy dips is best strategy.

Brian Twomey, Inside the Currency Market, btwomey.com

EUR/CHF: Levels, Ranges, Targets

The commonality in currency prices is pressure continues to seriously build to the point serious and sustaining breakout is upon us. EUR/CHF is no different and it will follow the direction of EUR/USD due to its 68% correlation.

From the 1.0883 close, EUR/CHF big breaks to travel higher are located at 1.0896 and 1.0934. Watch EUR/USD for direction as its big break is located just above at 1.1206. Why EUR/CHF pressure inside its price is due because its stuck surrounded by its major break points averages at 1.0896 and 1.0934.

To see any trend or any significant move, the downside gains speed on breaks of 1.0874 and 1.0867 then EUR/CHF targets bottoms at 1.0807 and 1.0809. EUR/CHF sees bottoms by 1.0868, 1.0861, 1.0853, 1.0847, 1.0841, 1.0836, 1.0831, 1.0818 and bottoms 1.0809 and 1.0807.

On the upside 1.0896 break, targets 1.0919, 1.0925, 1.0930, Then big break 1.0934. Then comes 1.0940, 1.0945, 1.0952, 1.0963 and 1.0975. From 1.0952 to 1.0975, severe caution is warranted as EUR/CHF price becomes overbought. To see EUR/CHF trend sustain for the upside then 1.0896 and 1.0934 must break. Further gains in the speed of prices and a further consolidation of the uptrend is seen on a break of 1.1000.

The overall strategy is buy dips for the eventual break of 1.0896 then watch for 1.0934.

Brian Twomey, Inside the Currency Market, btwomey.com.