Weekly Trades: EUR/USD, EUR/CAD, GBP/USD

Overall, GBP prices are low and depressed and off kilter to counterparts EUR, AUD and NZD. GBP/CAD is the defining currency pair to represent not only overall current market direction and the main currency market pairs, USD/CAD V GBP/USD. GBP/CAD informs it doesn’t have a clue to GBP nor USD/CAD direction and for weeks remained on the low rank and non trade able list of 20 + currency pairs. It adds to severely overbought and non trade able EUR/GBP.

Counterparts NZD/CAD contains a top 100 pip higher at 0.8800’s, AUD/CAD trades at target in 0.9300’s and EUR/CAD target at 1.4939. Until GBP/CAD corrects itself, EUR/CAD offers many future weekly shorts.

Weekly Trades

EUR/USD

Short 1.1294 and 1.1321 to target 1.1158.
Short below 1.1131 to target 1.1022
Long 1.1022 to target 1.1077
1.1158 to target 1.1212

GBP/USD

Long 1.2293 and 1.2278 to target 1.2483.
Long above 1.2514 to target 1.2608
Short 1.2608 to target 1.2545
short 1.2483 to target 1.2386

EUR/CAD

Short 1.5398 and 1.5416 to target 1.5231. Watch 1.5250.
Long 1.5231 to target 1.5305.

 

Brian Twomey

Close Price Forecast Results

Friday June 26, 2020

Working towards perfection

EURUSD 1.1162 Result 1.1215 off 53

GBPUSD 1.2333 to 1.2364 Off 4 pips

AUDUSD 0.6820 Result 0.6860 off 40

NZDUSD 0.6405 Off 13

EURJPY 120.04 to 119.72 off 20 pips

GBPJPY 132.42 to 132.66 off 24

USDJPY 106.95 to 107.09 off 10 pips

USDCAD 1.3596. Don’t bank on this number. Don’t trust Correct 1.3682

AUDPY 72.91 to 73.28 off 26 pips

NZDJPY 68.69 Off 12 pips

GBPCHF 1.1726 to 1.1745 off 40 pips

AUDCHF 0.6489 to 0.6515 off 6

NZDCHF 0.6105 to 0.6126 off 13 pips

EURCAD 1.5247 to 1.5227 off 107 pips

GBPCAD 1.6922 to 1.6951 off 49 pips

AUDCAD 0.9314 to 0.9335 Off 60

NZDCAD 0.8723 to 0.8749 Off 42 pips

EURNZD 1.7420 off 46 pips

GBPNZD 1.9245 off 49

CADJPY 78.55 to 78.77 off 25 pips

USDSGD 1.3850. Same pair as USD/CAD and don’t bank on this number. 1.3935 correct don’t trust

USDPLN 1.9709 to 1.9743 off 91 pips not bad for PLN 

EURAUD 1.6290 to 1.6313 off 25 pips

GBPAUD 1.8032 to 1.8073 Off 72 pips

CHFJPY 112.55 to 112.40 off 58 pips

USDMXN 22.62 to 22.43 off 61 pips

11 Currencies within 3 to 25 pips

 

and 10 currencies with 50 to 70 pips and

#pln off 91, dam good.

EURCAD Outlier off 107

Brian Twomey