Weekly Trades and Results

Currency markets this week applied to 19 currency pairs contained 2 common themes to begin the week. Range problems and weekly starting positions. Weekly start position begins the week as overbought, oversold or neutral.


The breakdown to range and starting positions as most vital is a 40 to 50 pip differential to entries yet not to every currency pair. USD/JPY begins the explanation.


USD/JPY longs this week targeted 115.53 then short and USD/JPY for the 2nd week running traded overbought to higher overbought. USD/JPY’s problem in the last 2 weeks is not longs as longs achieved targets but the problem is shorts. From 115.53, USD/JPY traded a free money bonus by 80 pips higher to 116.36.


Longs ran +45 pips so shorts are off by 35 pips. Add 1 lot to 116.36, USD/JPY traded to lows at 115.62 or +74 pips. Hold the 1st lot at +45 then +119 pips and running to target. Exit the 1st lot at +45, the 2nd lot then runs to target.


USD/JPY 80 pips. By USD/JPY as an anchor pair misses by 80 pips then JPY cross pairs can’t possibly miss an entry by the same 80 pips. JPY cross pairs trade inside 2 anchor pairs such as EUR/JPY trades between EUR/USD and USD/JPY.

WEEKLY Trades

EUR/USD Break Point 1.1446, above targets 1.1529.
Strategy. Short 1.1415 and 1.1425 to target 1.12980. Must cross 1.1395, 1.1375, 1.1355, 1.1335, 1.1315 and 1.1295. Long 1.1280 to target 1.1321. 


EUR/JPY Break Point 129.83, below targets 129.30.


Strategy. Short Anywhere or 131.15 to target 130.22. Must cross 130.89, 130.76, 130.63, 130.50, 130.37, 130.24 and 130.11. Long 130.22 to target 130.49. 


CAD/JPY Break Point 89.41, below targets 89.01.


Strategy. Short Anywhere or 91.01 to target 89.61. Must cross 90.82, 90.63, 90.44, 90.25, 90.06, 89.87 and 89.68. Short below 89.41 to target 89.01. Long 89.01 to target 89.26. Cautious long 89.61 to target 89.91.


AUD/JPY Break Point 82.50, below targets 82.18.


Strategy. Short Anywhere or 83.69 to target 82.66. Must cross 83.48, 83.27, 83.06, 82.85 and 82.64. Short below 82.50 to target 82.18. Long 82.18 to target 82.39. Cautious long 82.66 to target 82.94. 


AUD/USD. Break Point 0.7273, above targets 0.7343.


Strategy. Short 0.7263 to target 0.7183. Must cross 0.7243, 0.7223, 0.7203 and 0.7183. Long 0.7183 to target 0.7233. Or Long above 0.7273 to target 0.7343. Short 0.7343 to target 0.7203. 


EUR/AUD Break Point 1.5738, above targets 1.5792.


Strategy. Long 1.5639 and 1.5630 to target 1.5693. Must cross 1.5657, 1.5675, 1.5693. Long above 1.5738 to target 1.5792. Short 1.5792 to target 1.5756. Cautious short 1.5693 to target1.5648. 


NZD/JPY Break Point 78.17, below targets 77.80. 


Strategy. Short Anywhere or 78.81 and 78.90 to target 78.26. Must cross 78.63, 78.45 and 78.27. Short below 78.17 to target 77.80. Long 77.80 to target 78.08. Cautious long 78.26 to target 78.53. 


USD/CAD Break Point 1.2690, above targets 1.2795.  


Strategy. Long 1.2585 and 1.2577 to target 1.2675. Must cross 1.2600, 1.2615, 1.2630, 1.2645, 1.2660 and 1.2675. Long above 1.2690 to target 1.2795. Short 1.2795 to target 1.2735. Cautious short 1.2675 to target 1.2615. 


NZD/USD Break Point 0.6891, above targets 0.6936. 


Strategy. Short 0.6869 and 0.6874 to target 0.6792. Must cross 0.6847, 0.6825, 0.6803 and 0.6792. Long 0.6792 to target 0.6847. 


AUD/CHF Break Point 0.6687, above targets 0.6720. 


Strategy. Long 0.6619 and 0.6610 to target 0.6677. Must cross 0.6635, 0.6651, 0.66 7 and 0.6672. Long above 0.6687 to target 0.6720. Short 0.6720 to target 0.6695. Cautious short 0.6677 to target 0.6653. 


NZD/CHF Break Point 0.6335, above targets 0.6397. 


Strategy. Long 0.6226 and 0.6218 to target 0.6294. Must cross 0.6246, 0.6267 and 0.6286. Short 0.6294 to target 0.6252. 


CAD/CHF Break Point 0.7246, above targets 0.7298. 


Strategy. Long 0.7158 and 0.7149 to target 0.7229. Must cross 0.7175, 0.7192, 0.7209 and 0.7214. Long above 0.7246 to target 0.7298. Short 0.7298 to target 0.7264. Cautious short 0.7229 to target 0.7176. 


EUR/NZD Break Point 1.6611, below targets 1.6537. 


Strategy. Short 1.6675 and 1.6685 to target 1.6620. Must cross 1.6657, 1.6639 and 1.6621. Short below 1.6611 to target 1.6537. Long 1.6537 to target 1.6683. Cautious long 1.6620 to target 1.66 5. 


                 GBP


Favored trades this week: GBP/USD, GBP/JPY, GBP/NZD, GBP/CHF, GBP/CAD, GBP/AUD.


GBP/USD Break Point 1.3499, below targets 1.3375. 


Strategy. Short 1.3570 and 1.3587 to target 1.3516. Must cross 1.3553, 1.3536 and 1.3519. Short below 1.3499 to target 1.3375. Long 1.3375 to target 1.3429. Cautious long 1.3516 to target 1.3552. 


GBP/JPY Break Point 153.14, below targets 152.52.


Strategy. Short Anywhere or 155.78 to target 153.74. Must cross 155.58, 155.38, 155.18, 154.98, 154.76, 154.58, 154.38, 154.18, 154.08, 153.88 and 153.81. Long 153.74 to target 153.95. 


GBP/NZD Break Point 1.9592, below targets 1.9483. 


Strategy. Short Anywhere or 1.9783 and 1.9796 to target 1.9653. Must cross 1.9756, 1.9729, 1.9700, 1.9673 and 1.9646. Long 1.9653 to target 1.9701. 


GBP/CHF Break Point 1.2410, above targets 1.2469. 


Strategy. Long 1.2285 and 1.2278 to target 1.2373. Must cross 1.2299, 1.2313, 1.2327, 1.2341, 1.2355 and 1.2369. Long above 1.2410 to target 1.2469. Short 1.2469 to target 1.2432. Cautious short 1.2373 to target 1.2322.


GBP/CAD Break Point 1.7127, above targets 1.7182.


Strategy. Short 1.7109 and 1.7118 to target 1.7053. Must cross 1.7091, 1.7073 and 1.7055. Long 1.7053 to target 1.7099. Or Long above 1.7127 to target 1.7182. Short 1.7182 to target 1.7146. 


GBP/AUD Break Point 1.8562, below targets 1.8533.


Strategy. Short anywhere or 1.8613 and 1.8620 to target 1.8569. Must cross 1.8599, 1.8585 and 1.8573. Short below 1.8562 to target 1.8533. Long 1.8533 to target 1.8555. Cautious long 1.8569 to target 1.8591. 

WEEKLY Trade Results

          EUR/USD, AUD/USD, GBP/USD, USD/CAD, NZD/USD

EUR/USD short 1.1415 and 1.1425 to target 1.1280. Highs 1.1383, lows 1.1272. From 1.1383 to 1.1280, +103 pips.
2nd Leg Long 1.1280 to target 1.1321. Highs 1.1345. +41 pips.
EUR/USD Total +144.


AUD/USD Short 0.7263 to target 0.7183. Highs 0.7276, lows 0.7143. From 0.7263 to 0.7183, +80 pips.
2nd Leg Long 0.7183 to target 0.7233.Lows 0.7143.
AUD/USD total +80.


GBP/USD Short 1.3570 and 1.3587 to target 1.3516. Highs 1.3597, target achiebed at 1.3516 but lows 1.3490. From 1.3587 to 1.3516, +71 pips.
2nd GBP/USD, Short below 1.3499 to target 1.3375.
GBP/USD total +71.


USD/CAD Long 1.2585 and 1.2577 to target 1.2675. Lows 1.2629, highs 1.2675 achieved.
2nd Leg, Long above 1.2690 to target 1.2795. highs 1.2810. Target achieved +105 pips.
3rd Leg Short 1.2795 to target 1.2735, lows 1.2749. +46 pips.
USD/CAD total +151 pips.


NZD/USD Short 0.6869 and 0.6874 to target 0.6792. Highs 0.6855, lows 0.6733. From 0.6855 to 0.6792, +63 pips.
2nd Leg Long 0.6792 to target 0.6847.
NZD/USD Total +63.


GBP/CHF, AUD/CHF, NZD/CHF, CAD/CHF


GBP/CHF Long 1.2285 and 1.2278 to target 1.2373, Lows 1.2314, Target 1.2373 achieved, +59 pips.
2nd Leg, Long above 1.2410 to target 1.2469, Highs 1.2456, +46 pips.
3rd Leg, Short 1.2469 to target 1.2432. Highs 1.2455, lows 1.2432. +23 pips.
GBP/CHF total +128 pips.


AUD/CHF Long 0.6619 and 0.6610 to target 0.6677. Lows 0.6597, target achieved. +67 pips.
2nd leg Long above 0.6687 to target 0.6720.. Not triggered.
3rd Leg Cautious short 0.6677 to target 0.6653. Target achieved +24 pips.
AUD/CHF Total +91.


NZD/CHF Long 0.6226 and 0.6218 to target 0.6294, lows 0.6210, highs 0.6261, +51 pips and running.
2nd leg Short 0.6294 to target 0.6252. Not yet triggered.


CAD/CHF Long 0.7158 and 0.7149 to target 0.7229. Not triggered yet.


EUR/AUD and GBP/AUD


EUR/AUD Long 1.5639 and 1.5630 to target 1.5693, Lows 1.5576, target achieved from 1.5630, + 46 pips.
2nd Leg Long above 1.5738 to target 1.5792. Highs 1.5810. target achieved +54 pips.
3rd Leg Short 1.5792 to target 1.5756. Target achieved, +36 pips
EUR/AUD total +90.


GBP/AUD not recommended. Here’s why. Short anywhere or 1.8613 and 1.8620 to target 1.8569. Highs 1.8893. GBP/AUD isn’t trade able.


EUR/NZD and GBP/NZD


EUR/NZD Short 1.6675 and 1.6685 to target 1.6620.Highs 1.6670, lows 1.6540. From 1.6670 to 1.6620, +50 pips.
2nd Leg Short below 1.6611 to target 1.6537, Lows 1.6541. + 96 pips.
3rd Leg Long 1.6537 to target 1.6683, lows 1.6541, target achieved +46
EUR/NZD total +192.


GBP/NZD Short Anywhere or 1.9783 and 1.9796 to target 1.9653. High 2.00


GBP/JPY Short Anywhere or 155.78 to target 153.74, Highs 157.76. Lows 156.11. Target holds.


Total Pips 915 so far.


Brian Twomey

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