USD/CAD

 

My long time friend Peter at Thomson Reuters and 45 straight years of FX, CAD technical assessment. My view is 24 hour ranges from 1.2426 to 1.2536. Peter is right as usual in highly oversold USD/CAD on many moving averages.

 

 

 Trader

USD/CAD oversold, shorts should square, look to buy next dip

Aug 25 4:23pm By Peter Wadkins

Break below the Aug 2nd 1.2533 low is bearish and re-sets targets at 1.2452 Aug 1 low and the 1.2414/33 cycle lows. Heavily oversold hourly 21-HMA Bollis & Keltner channels 1.2461 & 1.2455 (-3.0 & -2.5); Oversold daily Bollis & Keltner channels 1.2430 & 1.2463 (21-DMA -2.0/ Keltner -1.5) today’s low 1.2466. Shorts should be looking to book profits  around here, we’ll consider buying near cycle lows. (PW)

 

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USD Yields, S&P, Nasdaq Ranges

24 hour ranges.

10 year yield = 2.1581 to 2.1773

30 year yield = 2.7352 to 2.7597

2 year yield = 1.3312 to 1.3431

5 year yield = 1.7512 to 1.7667

S&P = 2430.0387 to 2758.6206

Nasdaq = 5794.88 to 5832.5205

 

Brian Twomey

 

Silver, Copper, WTI, Nat Gas

The premiere market mistake and object overall is to align apples to apples. I might show this point in EUR for example by alignment of all EUR currency pairs, yields, stock markets and Brent. Align apples to oranges will fail every time. The problem as I respectfully speak is it lies in understanding and knowledge of market structures. I read a few articles by a former and long time bank trader at fxstreet. I mention above points because even this guy has it awfully wrong. Traders are to busy looking for patterns, patterns and this isn’t the way for trading success. Another reminder to myself not to ever read these guys. I fall prey to belief someone will teach me something.

Ranges 24 hours. I’m respectfully exact

Silver = 16.9706 to 17.1342

Copper = 3.0237 to 3.0509

WTI = 47.6306 to 48.1637

Nat Gas = 2.8795 to 2.9053

DXY = 92.0076 to 93.3488.

 

Brian Twomey

 

 

20 Currency Pairs and GOLD: Levels, Ranges, Targets

Despite Friday’s fluke, reported currency pair ranges  held for the most part. AUD violated its top by 11 pips, NZD 15. JPY and CHF violated bottoms by about 20 pips. Gold, GBP/USD and USD/CAD held perfectly. Normally CAD is the first to violate then JPY and CHF follow and in the order of CAD, JPY then CHF. The big winner in ranges was Gold as Gold hit its 1284 ish bottom then skyrocketed to high 1290’s. Gold’s top range was 1355 and the must break point to challenge 1355 was high 1290’s.

EUR/USD 1.1777 to 1.1866 held until Yellen spoke at  10:00 am EST then 1.1866 violated to 1.1874. Draghi spoke at 3:00 pm after the bond market closed but before new USD data and EUR flew to 1.1940. Under market structure, Yellen spoke on ECB time and Draghi rambled on USD time. EUR’s price was perfect overall. In hindsight, USD was slated to lose. Yellen tried 12:30 press conferences but switched to normal 2:00 as 12;30 is far to market volatility disruptive. I cannot stress the imperative to watch Yellen and Draghi under voodoo economics, market manipulations and price controls. The have your cake and eat it too strategy will cause great harm later.

The real assistance to Yellen and Draghi was Durable Goods at minus 6.8 and far out of sync. That was the EUR driver.

Below is 19 currency pair ranges and XAU/USD Gold. US stock market ranges will post today as well as USD bond yields and commodities. EUR at the bottom and CAD. CNH as well. NOK is absent and will include in future days.

USD/JPY = 108.72 to 110.26

AUD/USD transposed for readers = 0.7901 to 0.7971. USD/AUD 1.2656 to 1.2544.

XAU/USD = 1284.99 to 1379.31

USD/MXN = 17.5258 to 17.6971

USD/SGD = 1.3489 to 1.3610

USD/ZAR = 12.95 to 13.0729

USD/THB = 33.0847 to 33.4588

USD/CHF = 0.9521 to 0.9605

USD/CZK = 21.8654 to 22.0842

USD/SEK = 7.9539 to 8.0277

USD/PLN = 3.5626 to 3.5947

GBP/USD = 1.2830 to 1.2944

USD/HUF = 255.3070 to 260.5863

NZD/USD = 0.7208 to  0.7273

USD/HKD = 7.7823 to 7.8535

EUR/USD = 1.1831 to 1.1937

USD/CAD = 1.2426 to 1.2536

USD/DKK = 6.2325 to 6.2893

USD/ILS = 3.5691 to 3.6011. Israel Shekel Terrific currency pair

USD/CNH = 6.6108 to 6.6716

USD/TRY = 3.4274 to 3.4582

Ranges are good for 24 hours then the information becomes invalid.

 

Brian Twomey