USD Pairs: CAD, CHF, JPY: Levels, Ranges, Targets

 

Monday 6:30 pm EST. Trades.

 

USD/CAD. Current price 1.3038. Vital supports, 1.2978, 1.3007, 1.3009 = Bottom. . Vital break above 1.3251. Long 1.3025, 1.3037. Target 1.3075. Break points to target 1.3037 and 1.3068.

USD/CHF. Current price 0.9720, Bottom. 0.9677, Major break points 0.9744, 0.9756. Further above 0.9858. No thrills in USD/CHF. Long 0.9687, Target 0.9725.

USD/JPY. Current price 101.86. Major break points above 103.27, 103.55, 103.96, 104.05. Bottom 101.90 and 101.78. Long between 101.90 to 101.78. Target 102.22. Uptrend line 102.22, means above 102.22 then  targets higher prices overall.

GBP/NZD. Current Price 1.8120. Major break points above 1.8765. Below 1.7791, 1.7814, Base bottom = 1.7886. Current bottom. 1.8104, Long 1.8120, Range 1.8167 to 1.8017. Target 1.8160

GBP/CAD  Current price 1.7378.  Major break points 1.7547 and 1.7618, Below major break point 1.7301. Current base bottom, 1.7121. Current bottom 1.7330 and 1.7322. Supports below 1.7307 and 1.7301.

Long 1.7330 to 1.7322, Target 1.7390. Target achieves by breaks at 1.7352, 1.7374, 1.7383.

Normally these trades have time limits, 2 hours or so and its all over when targets and reverses are done. Its an imperative to trade the pairs as well at the correct times.  Now isn’t exactly opportune times but the trades should work

Many many more trades and a wider diversity of currency pairs will follow. Question major pairs and cross pairs only? How about SEK, NOK, ZAR, HUF, PLN. What about MXN, KRW, RUB, BRL, SGD. Then all the combos associated.

 

Brian Twomey, Inside the Currency Market

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