FX Weekly: EUR, DXY, JPY, AUD, NZD

The question to AUD/USD is what’s the problem. AUD/USD over the past 5 days traded between 61 and 120 daily pips. Wednesday and Friday were best days at 100 and 120 pips. Monday, Tuesday and Thursday AUD/USD 87, 61 and 58 pips.

AUD/USD last week managed to break higher last Wednesday at vital 0.6971 and traded 60 pips to 0.7031. AUD/USD 60 of the 100 pip day on Wednesday was covered. AUD/USD Friday broke below 0.6993 and traded 81 pips to 0.6912.

AUD/USD assistance higher was derived from an oversold EUR/AUD and a 300 pip drop from 1.4800’s to 1.4500’s to trade deeper degrees of oversold.

AUD/USD trades its best days and best movements when AUD is in agreement to AUD/EUR. AUD/EUR all last week traded overbought then to a higher degree of overbought from the EUR/AUD drop.

Instead of a meaningful correction to AUD/USD, higher was the only option. AUD/EUR remains massively overbought against a deeply oversold EUR/AUD.

AUD/USD’s best days traded last week as a result of vital MA breaks while the 3 dead days was AUD/USD caught between the AUD/EUR and EUR/AUD crossfire. The crossfire left AUD/USD paralyzed to movements.

AUD/USD closed at 0.6986 against most vital 0.6993. The AUD/USD break last week on Wednesday at 0.6971 corresponded to USD/CAD break below 1.2875. AUD/USD and USD/CAD were the first and only currencies among the USD V Non USD to break significant averages.

AUD/USD vs the AUD universe trades as oversold AUD/CHF, Neutral to AUD/JPY, Neutral to oversold AUD/CAD and overbought AUD/NZD. Overbought AUD/NZD informs lower AUD/CAD as AUD/NZD is the same exact currency as AUD/CAD only shown in the reciprocal format to exchange rates.

Overbought AUD/NZD and AUD/EUR are the driver pairs this week to AUD/USD. AUD/USD contains 2 options this week. Above 0.6993 targets higher at 0.7080’s or longs from 0.6887 to 0.6913.

Overall, AUD/USD sits last on the 20 trade rank list specifically due to dead ranges from small movements last week. Better trades exist.

The Week

DXY

As written last week, DXY targets 105.69 at the lows. DXY traded to 105.61 and ranged its 200 pips from 107 to 105.00’s. DXY this week will trade the same 200 pip ranges from 107.00’s to 105.00’s.

DXY averages above are building to prevent 107.00’s to trade. Vital points are located at 106.10, 106.52 and 106.94. Break at 105.47 targets 105.15 then long.

As DXY trades lower then more averages will build against DXY higher but most important, against all USD from trading higher. DXY lower is positive to long EUR/USD, GBP/USD, AUD/USD and NZD/USD.

DXY will eventually break 105.00’s to then trade 105.00’s to 103.00’s. Next week appears as most opportune time.

Respectful advice is never dismiss DXY from overall forecasts as DXY is a vital currency and commentary to overall markets. DXY 200 pip ranges informs market will remain stable and trade fairly normal moves for months in the future.

DXY averages building against higher levels coincides to EUR/USD seasonality from June to November/ December. EUR/USD seasonality means EUR/USD trades its highest yearly levels during the June to November/ December period.

EUR/USD V USD/JPY

EUR/USD big break for higher is located at 1.0429 Vs USD/JPY at 132.38. USD/JPY is within 81 pips to its vital break and target at 129.00’s. DXY averages, EUR/USD seasonality and lower USD overall will assist USD/JPY to the 132 break.

JPY Cross Pairs

EUR/JPY and CAD/JPY are only 2 currencies with fairly clear trade signals this week. AUD/JPY, NZD/JPY and GBP/JPY sit last to trade rankings. All JPY cross pairs site neutral to oversold against extremely wide ranges. Shorts are best trades.

NZD

NZD/USD and NZD currencies overall are better trades than AUD as NZD sits in good positions and to long any drops. This means long NZD/CHF, NZD/USD and NZD/CAD. Caution to NZD/JPY.

GBP

GBP/USD is in decent shape to match NZD. Favored trades this week are GBP/USD, GBP/CAD, GBP/AUD, GBP/CHF. Dead last are GBP/NZD due to lack of range and GBP/JPY. Long drops is the preferred trade strategy.

GBP/CAD is a repeat from last week. Recall last week, oversold GBP/CAD recommended long and GBP/CAD traded 200 pips higher.

USD/BGN or the Bulgarian Lev

Big break for lower remains 1.8777. Shorts from 1.9251 and 1.9284 targets 1.9031 on a break of 1.9157.

Trade Rankings

EUR/USD, EUR/JPY, EUR/AUD, EUR/CAD, NZD/USD, USD/CAD, EUR/NZD, AUD/CHF, NZD/CHF, CAD/CHF, AUD/JPY, NZD/JPY, CAD/JPY, AUD/USD.

Overall best: EUR/USD, EUR/JPY, EUR/AUD, EUR/CAD, NZD/USD, USD/CAD, EUR/NZD.

AUD/CHF, NZD/CHF and CAD/CHF are always good for quick and easy pips and guaranteed pips but all remain last every week due to slim ranges.

Brian Twomey

FX Next Week: EUR, GBP, AUD, Gold/Silver Ratios

GDP yesterday reported -0.9, we had -1.0 and the Atlanta Fed -1.2. By the data, it was clear the Atlanta Fed was off its forecast. Not that it matters as the currency and market price would’ve traded to the exact same levels despite the variation to GDP forecasts.

The laugh to the forecast is 12 numbers were required and voila, -1.0 was done. Anybody could’ve performed the same quick operation and found -1.0. Anybody today can factor the new GDP averages and find the next GDP release. Nothing will change in 3 months.

The GDP and any economic release is a stand alone entity and factors by itself. The only difference between today and yesterday is a slight change to the averages. And the change is very slight. The 1 year average at 1.04 should drop so the forecast in turn should also drop for the next quarter.

NFP is coming and NFP as a stand alone release factors the exact same as GDP averages. The only difference is NFP contains different numbers than GDP. See my blog at btwomey.com for many. many past NFP forecasts.

Also see my blog as posted Sunday was weekly levels for 20 currency pairs.
Currency markets next week focus is on the big MA break to MA points and terrific movements. Market prices brought us to the brink as markets are known to perform time and time again.

USD/JPY is the main focus as 132.36 is here to change the entire USD/JPY trajectory from longs to shorts.

JPY Cross Pairs

EUR/JPY broke lower yesterday at 137.88 and now trades 135.00’s. GBP/JPY broke below 162.72. NZD/JPY broke below 83.95. AUD/JPY and CAD/JPY are hold outs at 92.45 and 102.96 for CAD/JPY.

EUR/USD has a long way to go before 1.0439 breaks higher. Monitor bottoms to EUR/USD by EUR/CHF current 0.9736 and big break for higher at 1.0034. Also USD/CHF at current 0.9515 and big break at 0.9619.

Overall EUR/USD trades 1.0439 to 1.0034 and USD/CHF 0.9619.

GBP/USD 1.2321 waits fo higher GBP. GBP/CAD is oversold from 1.5826. Recall FX weekly and higher for GBP/CAD. GBP/CAD traded 200 pips higher this week. GBP/NZD remains a problem pair and GBP/AUD trades at the mercy of AUD/USD.

Overbought AUD/USD big break is located at 0.6992. NZD/USD 0.6354 waits to trade higher.

Oversold EUR/CAD at week’s beginning traded 200 pips higher and remins deeply oversold.

USD/CAD 1.2852 for higher. Higher is guaranteed if CAD/JPY breaks below 102.96.
EUR/AUD trades massively oversold and good longs for next week. From 1.4500;s, good target is 1.4700’s.

EUR/AUD is the best trade against GBP/AUD and EUR/NZD better than GBP/NZD.
Severely overbought AUD/EUR explains AUD/USD to break 0.6992.
DXY 106.50’s for higher to target 107.00’s.

GOLD / SIlver Ratio

Currencies for 2000 years are characterized either as Gold or Silver currencies and the connection was established in antiquity. The connection in the modern day can’t ever change.

Silver currencies are the lesser valued 0 point currencies. Asia, central and South America are classified as Silver currencies. Mexico is a Silver Currency.
USD, Europe and Canada are Gold Currencies and classified by their 1.0 exchange rate designation.

If the Gold/Silver ratio is high or at a vital level then the effect is seen from Gold Currencies as Gold currencies will also trade at a vital MA point.

Gold on its best days over the past 3 and 4 weeks traded 30 ish points while EUR/USD traded 100 ish pips and a difference of 70 ish points.

Silver traded 1 point yesterday Vs 120 pips for JPY/USD 0.7545 to 0.7424. Weekly Silver traded 2 points from 20.22 to 18.21 vs JPY/USD 276 pips from 0.7545 to 0.7269.
For every 1 point traded in Silver, JPY/USD trades 100 ish pips. Best to convert exchange rates to work with smaller numbers.

Gold and EUR/USD work the exact same as Silver to Silver currencies such as JPY/USD. Roughly 30 points to Gold trades 100 ish pips for EUR/USD.

Not much will ever change in the Silver Vs Silver currency ratios nor Gold to Gold Currencies as the relationhsips were established 2000 years ago.

If the Gold /Silver ratio relationship is extremely low to Silver then Silver currencies go long as all are oversold. If Gold is high then short Gold Currencies as Gold currencies are overbought.

Brian Twomey

GDP: Levels and Forecast

GDP at -1.6 from the last quarter achieved a level just below the current absolute bottom at -1.7. GDP refers to Real and the RBNZ contains all data for interested. GDP also refers to annualized as the data was separated in years to run from the 1 to 10 year average. The data dates to 1990.

The Atlanta Fed GDP Nowcast reports GBP today at -1.2. My factor is -1.0 and -0.47. GDP is located in a range from -1.0 to 0.06. The Atlanta Fed Nowcast is a hodge podge of convolution as much easier and faster methods exist to arrive at a better forecast.
From -1.7 and any number in negative territory or at low positive, GDP is massively oversold from the 1 year to 10 year averages. Oversold informs GDP in subsequent quarters should be positive.

On a larger range to cover 1 to 10 year averages, the overall economy is located from -1.7 to positive 3.00’s. The problem with a positive GDP is many averages exist on the way to 3.0.

The 1 year average exists at 1.04, the 2 year at 1.62 and 5 year at 1.52 then comes a massive hurdle of averages at the 1.80’s starting at 1.80, 1.83, 1.84, 1.85. Above 1.85 only then is considered 2.18. 2.34 and 2.40.

Since 1990, GDP experienced 11 quarters of negative growth. The current quarters of negative GDP matches the crash of 2008 as the 2 worst periods since 1990. In terms of actual numbers, the current quarters are worse than the crash of 2008 by very slim margins, -3.4 Vs -3.2.

The crash of 2008 lasted for 5 consecutive and negative quarters while the current period factors to 4 successive quarters.

GDP contains a massive hurdle to achieve not only a positive number but a respectable level for economic growth. The first obstacle is 1.04 and this number is just the 1 year average. Only 9 more averages to go and much room for economic improvement on the policy front.

Historic GDP since 1990 normally trades from the 1 and 2 year averages to the 5 year. At -1.7, fails to register to normal averages.

Powell stated yesterday to economic problems are on the demand side. Opposite to Powell’s Keynesian revelations to match Bernanke and Yellen, economic problems exist on the supply side. Demand is fairly constant while supplies represent problems to shortages.

The 2nd problem and the most vital to lead GDP lower for longer is Democrats proposal to raise taxes. Trump, Reagan and Republicans of the 1920’s demonstrated lower taxes results in GDP skyrockets to 5 and 6% under Reagan and Trump while higher rates existed in the 1920’s.

Brian Twomey

EUR/USD Vs CAD/ZAR V DXY, USD/BRL

DXY broke above Sunday’s reported 107.03 and traded to 107.32. DXY traded 106 pips this week. EUR/USD traded 177 weekly pips. EUR/USD’s weekly range began at 1.0303 to 1.0148. Today, the range becomes 1.0299 to 1.0151.

Break of 1.0151 targets today’s lows at 1.0083 and 1.0070. Long and hurry for any price within the vicinity of 1.0083 and 1.0070. Topside EUR contains 2 big breaks at 1.0134 and 1.0178. Targets become 1.0185, 1.0235 and if EUR goes insane then targets 1.0285.
EUR/USD problem is DXY as DXY’s 2 big break above are located at 106.74 and 106.97. Both levels are the driving forces to today’s markets. Trade scenarios look like this. If DXY breaks above 106.74 and 106.97 then long USD/JPY, JPY cross pairs and short EUR/USD.

Topside DXY 106.74 and 106.97 Vs bottom at 105.55. Without significant breaks to DXY, EUR/USD and markets trade in 100 pip ranges. EUR/USD for the past 3 and 4 weeks has been trading 100 pip days almost everyday of the 3 weeks.

Don’t expect different today as the same 50 pips trade as every central bank meeting.
Big daily trade winners over the past 3 and 4 weeks were GBP/JPY, EUR/JPY then wide range currencies EUR/NZD, EUR/AUD and GBP/AUD. The vast majority of currencies trade 100 ish pips days. Gold is lucky to trade 30 point days while WTI and Brent trade 2 to 9 point days. We maintain extensive records.

The EUR/USD and DXY relationship is matched only by CAD/ZAR as EUR/USD’s perfect opposite. CAD/ZAR trades currently 13.01 and its big break for lower is located at 12.71. If CAD/ZAR breaks 12.71 then long EUR/USD and Hurry. CAD/ZAR above 12.71 then long EUR/USD at the lows.

CAD/ZAR is a better guide than DXY. CAD/ZAR as a commodity currency is also a Commodity Neutral Risk Indicator. CAD/ZAR’s invention 1000 years ago was the pivot to determine overbought and oversold to food products in traded markets as organized in the 1920’s.

CAD/ZAR as EUR/USD perfect opposite is the same principle as saying CAD/ZAR is a USD currency and the exact same currency as DXY. Follow CAD/ZAR on the other horrible site that begins with investing.

USD/BRL achieved 5.4117 target from 5.5052 and actually traded to 5.3383 lows. Not only is USD/BRL oversold but longs target easily 5.4171. The round trip trade targets overall about 2000 pips.

Brian Twomey

EUR/USD V CAD/ZAR

EUR/USD higher must break 1.0453. From Sunday’s open, EUR/USD ranges were located at 1.0302 to 1.0148. Against 1 day’s trade, range today becomes 1.0305 to 1.0156. Lower averages are rising.
EUR/USD at 1.2000’s trades below 1.0453. As EUR/USD perfect opposite, CAD/ZAR trades above vital 12.72. CAD/ZAR as EUR/USD perfect opposite is the same interpretation as saying CAD/ZAR is USD or CAD/ZAR is a USD currency.
CADZAR as a commodity currency is also a Commoddity Neutral Risk Indicator.
CAD’s 1 year yield trades 3.25 and ZAR at 6.78. Nothing exist as it appears in financial markets however FX was the first financial instrument derived long before Stock markets, bonds, yields, interest rates.
Interest rates began with Commercial Paper in the 1800’s and built the nations that exist today. Fed Funds came along about 40 years later with the creation of T Bills and Yields to perpetually fund governments.
The reciprocal of CAD = 0.1474 and ZAR = 0.30. The receiprocal of CAD/ZAR = 0.076. How are markets doing.
EUR/USD 0.97.
0.30
Copper 0.29

0.14.
Take reciprocals to see commodities.
WYI = 0.010
Brent 0.0098
Soybeans = 0.0007
Corn 0.0016.
Gold 0.0005
Soybeans 0.0007.
If markets prices were presented as reciprocals, a far different picture exists. In the present form, markets were set up for professionals and this is what led to the majority today as speculators.
Take Brent at 0.0098 = 102.04. At 0.0099 =101.01 and 0.0097 = 103.09. The variation is due to 4 decimal places yet 6 and 7 decimal places should b the factor for the next price and ranges.

Brian Twomey

FX Weekly Vital Levels

Weekly Vitals. Watch where prices actually trade and end on Friday. The 7 and 24 Hour trades will trade between 2 vital levels. And 99% of commentary to markets, please exclude especially when the prior day’s news is focused.

Many are trying to become famous and profit from you tube and trade service revenue rather than apply correct analysis to significant economic news. This is the FX street and 99% crowd. Watch my perfect levels in relation to the crowds as the crowds are always wrong. This is all getting very old and tiring to be honest.

EUR/JPY 138.87, 139.52 and 140.81

AUD/USD 0.6938, 0.6904, 0.5837, 0.6770

GBP/USD 1.2210, 1.2108, 1.1904, 1.1770

GBP/JPY 163.31, 163.90, 165.10, 166.29

AUD/JPY 92.87, 93.52, 94.81, 96.10

GBP/CHF 1.1499, 1.1621, 1.1743, 1.1804

GBP/CAD 1.5233, 1.5437, 1.5641, 1.5743

EUR/AUD 1.4754, 1.4835, 1.4916, 1.4957

GBP/AUD 1.7273, 1.7401, 1.7530, 1.7594

EUR/CAD 1.3015, 1.3162, 1.3310, 1.3383

NZD/USD 0.6080, 0.6169, 0.6258, 0.6303

Brian Twomey

FX Weekly: EUR/USD V DXY

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

Best trades: EUR/USD, EUR/CAD, EUR/AUD, AUD/JPY, NZD/JPY.

GBP Best Trades: GBP/USD, GBP/AUD, GBP/CAD, GBP/CHF.

Missing from the GBP lineup is GBP/JPY while EUR/JPY again earns last place rankings. EUR/JPY do or die is located at 138.22 and GBP/JPY at 162.71. EUR/JPY and GBP/JPY sit oversold however vital breaks exist just below. Better trades exist to shorts in AUD/JPY, NZD/JPY and CAD/JPY.

EUR/USD traded 198 pips last week and 229 pips in the prior week. EUR/USD traded 60 pips for ECB’s raise. EUR/USD range this week is located from 1.0302 to 1.0148. Breaks higher or lower won’t travel far and slated for longs and shorts.

DXY V EUR/USD

DXY trades below 107.09, above targets 108.89, below targets 105.69. USD/JPY’s drop Friday was the result of the DXY break below at 107.09. DXY traded its usual 200 pips last week. The break below 107.09 was huge and now places DXY inside the next 200 pip range from 105. to 107.

DXY for many months to come will trade 200 pip weekly ranges. Break at 105.00’s then becomes 105 to 103, then 103 to 101 and 101 to 99. Every 100 pips upon a break higher to significant averages becomes severely overbought.

EUR/USD and non USD currencies will trade 200 pip ranges and cross pairs 300 to 400 pips. Not a terrible situation for trades and profits as 200 pip weeks factors to 100 pip trade days.

From 2019 to central bank interest rate raises, EUR/USD and non USD currencies traded 150 pip weekly ranges. Central bank change of interest rates offered 50 extra pips to weekly trade ranges. Once raises are complete, 200 pip weeks will drift back to 150 weekly ranges.

More precise trades are located at 150 pip weeks than at current 200.

DXY from 88 broke above the 5 year average at 95 last October while EUR/USD broke below its 5 year average at 1.1500’s last November. DXY from current 106 trades 1100 pips from 95 and EUR/USD from 1.0200’s trades 1300 pips.

Spreads to individual currency prices reflects to the massive DXY Vs EUR distance as GBP/USD Vs USD/CAD trades 900 pips, EUR/USD to USD/CAD at 2700, EUR/USD Vs GBP/USD at 1700. Cross pairs are the glue to hold currency markets in check so to not trade in the stratosphere at any moment in time.

A break of 95 and 1.1500 is required to change the entire currency market relationship to EUR and DXY. DXY is deeply overbought at 95 while EUR/USD trades severely oversold from 1.1500. DXY and EUR/USD trade in compression mode to meet in the center at 95 and 1.1500.

Weekly Closes

AUDJPY Close 94.15, Last week 94.00
GBPCHF 1.1527, Last week 1.1578

EURNZD 1.6331, Last week 1.6375
GBPCAD 1.5491, Last Week 1.5445

EURCAD 1.3187, Last Week 1.3130
NZDJPY 85.02, Last Week 86.23

AUDCHF 0.6658, Last Week 0.6632
NZDCHF 0.6015, Last Week 0.6632

Currencies not listed such as EUR/USD and GBP/USD trade approximately a difference of 100 pips to weekly close prices. JPY cross pairs trade in scatterbrain mode as differences exist in the 100 to 200 pips vicinity.

EUR/USD and EUR cross pairs are the best category to trade this week. EUR/CAD and EUR/AUD earns its high rank status due to oversold. Same for GBP/AUD and GBP/CAD. AUD/USD sits deeply overbought however 0.6971 lies just above current price.
USD/JPY big break remains at 132.00’s. DXY must drop further for USD/JPY to break 132.00’s.

EM

USD Vs EM currencies sits neutral to oversold for the week. USD/BRL targets 5.4117, watch USD/CZK 23.58 while USD/HUF, USD/ZAR, USD/TRY, USD/RON and USD/PLN remains deeply overbought short to long term. All contain a long way to drop for consideration to non overbought status.

Brian Twomey

USD/BGN

Hi Bulgaria and thank you for the many views. My assumption is interest in BGN and EUR. For other nations, I have it all to offer trades if interested.

A few special notes. A group out there with plenty of money and 10 + plus years in the business has plans to develop a professional website for good, profitable and experienced traders. And to compete with Fxstreet and investing dot com. Both sites turned into horror shows. The new site is badly needed as many good traders out there are lost in the crowds. Yours truly included.

When Fxstreet began its trade service, the losses mounted to skyrocket proportions. Then came the $35 subscription service and massive failure. Then premium began and access to Experts and trades. Once $50 and $35, now $24 and special at 50% off the 24 price.

No shortage of subscribers as Fxstreet locked up millions of traders. Called members today. All they had to do was call me as I provide trades and they send a fat check every month. What a powerhouse Fxstreet could’ve become.

I declined webinars and the weekly forecast poll because 40+ people are on the poll and webinars offers 5 to 15 traders of the millions of traders. The thanks for all my years.

USD/BGN big break for lower is located at 1.8729 to target lower at 1.8454 and quite easily.

Major levels: 1.8862, 1.8994, 1.9259, and 1.9524. At 1.9128 is oversold.

Monday’s trade

Long above 1.9189 to target 1.9366.

Short 1.9366 to target 1.9307.

Short below 1.9189 to target 1.9012.

Long 1.9012 to target 1.9071.

Brian Twomey

EUR/USD and ECB

The ECB’s Euribor for the 3 month rate traded positive 0.002 last Thursday. The ECB’s new overnight rate termed STIR trades -0.583 or positive 0.41. Why EUR/USD traded so low for so long is found at 0.41 as EUR/USD price was maintained low by the ECB on purpose.

At 0.41 competes with the Fed at 1.58 or a difference of 1.17. If the ECB raises 25 points then 0.41 goes to 0.65 and a 52 point difference between the ECB and Fed. The question will the ECB move rates today is answered by I don’t know and for trades and profit purposes, it doesn’t matter to a moot point.

The ECB is an activist central bank and works on its own interests, its own accord, its own volition. The ECB acts in regards to its own interests rather than join the crowds of central banks.

The ECB went negative in 2014. In 2016, the ECB rearranged world interest rates. The ECB changed the FIX price in 2016 and this reorganized the character of traded markets. Not only was the FIX price time changed but the statistical structure of the FIX was entirely reorganized.

In the 1920’s, the ECB struck deals with the FED to import Inflation. The ECB’s activism over the past 100 years has nothing on the BOJ’s failed economic programs over 100 years.

If the ECB decides to raise then what we know is a tighter market will trade and much of the latest volatility seen over past months will subside. Yet if the ECB remains at 0.41 then the message is EUR/USD will remain lower for longer. The market and averages will decide EUR fate.

The ECB’s main reorganization surrounds the concept to limit movements at news announcements. In this regard, the ECB was most successful as they placed a stranglehold on interest rates at the time of major GDP and Inflation announcements. Suppress interest rates then forces no movements to the currency price.

Yesterday’s markets were dead as a result to no interest rate changes from Tuesday to Wednesday. No interest rate movements then no market price movements to all financial instruments.

Central bank meetings are incorporated to include a major news announcement and explains the 50 pip moves to interest rate changes.

Most traders use a market price to trade. Most market prices are wrong therefore a market price must transform to an understandable, correct and trade able price.
EUR/USD’s wider range is located from 1.0304 to 1.0146. Current EUR/USD is overbought.

Bottom side EUR: 1.0163 1.0176, 1.0182, 1.0189 1.0186 and 1.0189. EUR/USD is well supported at the 1.0180’s but also note how tight is this market.

Topside EUR/USD: 1.0221, 1.0228, 1.0234, 1.0241, 1.0254, 1.0260, 1.0267.
Both top and bottom EUR trades extremely tight and contains no room to move. This was concocted by the ECB in collusion with the FED.

If EUR/USD decides to trade to non normal levels then the top looks like this: 1.0276, 1.0285, 1.0294, 1.0304,

If the bottom trades non normal then levels look like this: 1.0146, 1.0157, 1.0139, 1.0121, 1.0103.

Brian Twomey

EUR/JPY Day Trade Example

139.41,139.58,139.67,139.76,139.85,139.98,

Vs 140.20,140.29,140.38,140.47,140.65,140.74,140.83

Eliminate vitals: 139.41, 139.67 Vs 140.47, 140.83

139.41 and 140.83 = Equal oversold and overbought. 139.67 and 140.47 = Perfect neutral. 140.12 = Perfect 0.

From 13 numbers inside the price path, only 4 numbers are vital.

Note traditional short at 140.74. Correct short at 140.83. Why? Current market price ranges lack ability currently to trade to full potential. Missing? 0.5. to 1.0. Seems small and not significant but both are as wide as oceans.

So small is the currency price yet every last pip contains vital trade information.

To include 0.5 then ranges widen to normal as 141.02 from 140.83 and 139.22 from 139.41.

139.67 goes to 139.58 and 140.83 goes to 140.74.

If 1.0 was included as traditionally traded then 140.83 goes to 141.46 and 139.41 goes to 138.77. Both expand ranges by 64 pips.

Ranges may expand but most vital neutral points also expands. The currency and all market prices trade neutral to neutral. The day trade goes from neutral to oversold or neutral to overbought. Then trades back to neutral again. The problem to neutral is wide bands exist and many exchange rate points.

To elaborate to neutral. EUR/JPY today allows for 27 pips to normal trade on each side of 140.12. The remainder exist as neutral. Neutral means price may trade up or down under a perfect equal chance. Central banks established equal chance as statistical masters.

EUR/JPY traded today from perfect 139.85 to 141.16. Then 140.83 must be considered a range break and price expansion. Note the 0.5 and 1.0 expansion levels: 141.46 and 141.06 and perfect 1/2 at 140.16.

A range break above 140.83 means EUR/JPY trades back to a wider neutral point area but it also means a range break entails more money profit to shorts. This is the free money side of day trades.

Described today is a tiny portion to the day trade and much information remains missing to put the puzzle price together. To understand is to profit further without loss. Much description remains.

The Set Up

EUR/JPY

 Long Short Line 140.12

 Most Important 139.67 and 139.85 Vs 140.20, 140.29, 140.38, 140.47, 140.65, 140.74, 140.83

Bottom 139.41 achieves by 139.58 and 139.76 

Upper target 140.74 Continuation Fail 40.47

Brian Twomey

FX Weekly: DXY, EUR/USD, USD/CNY

Last week’s currency market focus addressed the massively wide divide between USD and EUR and the many cross pairs caught in between USD and EUR. The divide subsided from last week to this week’s position to neutral. USD within G28 to include USD/CAD, USD/CHF, USD/JPY and USD/ EM are equally overbought as much as EUR/USD and EUR/EM to oversold.

Measured by degrees to overbought and oversold, USD and EUR sit near perfect neutral.

Neutral means average moves trade this week yet normal and balanced and without significant breaks to averages. As in past trade week’s, currency prices trade within ranges yet without breaks to averages to signify a new trend. No difference to this week’s trade.

Exceptions exists to EM however. EUR/ZAR and USD/ZAR both begin the week massively overbought. EUR/ZAR’s big break for lower prices is located at 16.9775 and 16.2291 for USD/ZAR.

The African story to USD/ZAR is the Zambia Kwacha as USD/ZMW at 16.42 crossed below USD/ZAR. While USD/ZAR traveled higher, the Kwacha traded 100 pips lower in 3 weeks from 17.24 to 16.29.

Both ZAR and ZMW are essentially the same exchange rate number but ZAR as the lead currency and most widely traded. Overbought USD/ZAR now competes to oversold USD/ZMW.

USD/HUF from current 397.42 and EUR/HUF at 400.03 are both deeply oversold. Neither will break significant averages at USD/HUF 377.56 and EUR/HUF at 394.41. The best trade available for the week is the crossover.

The last exception to the neutral position is deeply oversold EUR/RON however EUR/RON earns oversold status due to the internal problems within its current exchange rate.

The Week

JPY Cross Pairs

EUR/JPY earns low rank status again heading into week 2. EUR/JPY ranges are located from 138.94 to 140.18. EUR/JPY must break 137.70 to target easily 136.45 while 140.18 sits at neutral.

EUR/JPY opened last week at 138.51. Vital points were located at 138.12 -138.86 then 139.60. EUR/JPY broke below 138.12 to 137.00 then from 138.12 to 139.88. Beside the break at 138.12, EUR/JPY traded neutral all week.

EUR/JPY this week must break 137.70 for shorts on a short only strategy.

USD/CNY

USD/CNY traded 299 pips Friday on a China miss to GDP expectation. USD/CNY contains ability to trade 1026 pips at any given moment and a normal move. USD/CNY traded 299 pips or 29% of the total 1026 pips. USD/CNY failed to trade the remaining 313% of the full range to its overall ability. Overall, USD/CNY failed to move on the GDP release.

USD/CNY last 6 weeks to weekly Ranges: 749, 784, 453, 532, 712, 792 or about 149 pips per day, per 5 day trade week. USD/CNY 6 weeks total range: 1267 or 211 pip weeks

What is a 700 pip week? Full move = 1028 pips so 700 pips is 68% of the full range. The import is USD/CNY trades barely above 50% of its weekly range.

Its customary for G28 and EM currency pairs to not trade full potential to ranges. Central banks since 2010 and 2016 work on the policy to contain the price rather than allow the price to trade freely. EUR/USD and GBP/USD are examples to this week.

If EUR/USD is allowed to trade freely this week then EUR would range from 1.0418 to 0.9752. This won’t happen on EUR/USD’s best week. If GBP/USD is allowed to trade freely then GBP would range 1.2296 to 1.1434.

If USD/CNY was allowed to trade freely then USD/CNY would range from 6.8602 to 6.6546.

Stock market indices are quite different from currencies as indexes may trade full range potential or exceed range potential. SPX for example opens after day trades finished trading for the day so SPX trades based on the ranges of currencies.

USD/CAD Vs EUR/CAD

Remember this statement from a previous post. Watch EUR/CAD in relation to USD/CAD. Both EUR/CAD and USD/CAD traded 60 ish pips on the BOC’s interest rate raise but USD/CAD briefly traded above EUR/CAD. Rare day as EUR/CAD’s exchange rate position is trade above USD/CAD. A crossover trade existed.

USD/CAD dropped 200 pips from 1.3200 highs. USD/CAD was overbought at the time of the BOC announcement and remains overbought today at 1.3000’s.
USD/CAD sits neutral for the week on a short only strategy to target 1.2944.

DXY

DXY traded no differently as written last week. Overbought at 108 and DXY traded its customary 100 pips higher at 109 to a higher degree of overbought. DXY becomes overbought this week at 109.91 and trades a range from 106 to 109.00’s.

Currency markets are led by neutral USD Vs EUR/USD and will trade normal to ranges. Next week will see writings impart deeply oversold and overbought to USD and EUR.

Trade Rankings

EUR/USD, EUR/NZD, EUR/AUD, EUR/CAD, AUD/JPY, NZD/JPY, AUD/USD, NZD/USD, USD/CAD, CAD/JPY, AUD/CHF, NZD/CHF, EUR/JPY, CAD/CHF.

EUR/NZD and GBP/NZD oversold earns high rankings however caution is advised. EUR/AUD and GBP/AUD will perform well this week. AUD/USD’s problem remains overbought AUD/EUR. AUD/USD’s best trade and best position occurs when AUD/USD is in sync with AUD/EUR. Currently, both are light years apart.

GBP Rankings

GBP/USD, GBP/JPY, GBP/NZD, GBP/AUD, GBP/CAD, GBP/CHF.

Brian Twomey

GBP/USD and Day Trades

The last piece of the puzzle in an 18 year journey to know and understand the currency price is the 24 hour trade. An overall trade week consists of the 7, 24 hour and weekly trades. Weekly trades were always easiest however the 24 hour trade will beat weekly trade profits by 40 miles. The literally laugh to all this is all are related by the same piece of simple math.

Don’t allow the word Math to deter from what is actually traded. A Pen, paper, calculator and 5 minutes per financial instrument is the only requirement to massive profits and successful trading. Knowledge of markets or knowledge of any financial instrument is not required to giant profits and successful trading.

Not only can a child of 12 trade successfully and achieve targets but 99% to all written market talk is useless information. The currency analyst complicates the uncomplicated which means they know not what they say or do. All aren’t even trying to be right.

Yesterday trade, today and tomorrow is the exact same trade only different numbers. The trade in 1972 is the exact same trade as 2022. Traders however must believe in numbers and this is complicated for many accustomed to charts and other trade methods. The question is to easy trades, maximum profits and never required to watch a chart, employ stops or question to profits.

I’m not here to condemn an entire industry yet take my words any way you like but my message is easier ways exist to trade and profit than what has been shown over decades. Trading is not an if this then that computer statement. Trading is an exact science due to targets.

See my blog at btwomey.com for the CPI release for example. Total 8 currency pairs achieved perfect targets and each currency at 100 and 200 pips.

Yesterday was posted pure target to target trades for 11 currency pairs. Nothing more required as tops go to bottoms and bottoms trade to tops.

The 7 and 24 hour trade is the same trade and trades within the same overall range. The 7 and 24 hour trade is a trade within a trade. What is traded is a tiny range within a larger range.

GBP/USD

GBP/USD trades within an overall range from 1.1723 to 1.1936. GBP/USD at 1.1700’s and 1.1800’s trades deeply oversold for the larger picture. Any price next week in the low to high 1.1700’s and 1.1800’s then longs apply for next week’s trade for the weeklies. Targets 1.2000 and 1.2100’s easily.

Today’s trade works like this: 1.1761 1.1776, 1.1778, and 1.1791, 1.1805 Vs 1.1836, 1.1843, 1.1851, 1.1873, 1.1866, 1.1873, 1.1881.

Or 1.1915 to 1.1735.

The trade within a trade holds. Within the overall context are vital levels for entries and for longs and shorts.

Brian Twomey

Target to Target Currency Trading

Trade time begins from 4 ish PM EST Thursday to Friday 4 ish PM. I research to find better, easier and more profitable trades using literally no screen time, No stops, no watching trades and never a question to targets. Profits are guaranteed.

A target price may fall a few pips from the actual price so set profit targets a few pips before the actual number.

It Doesn’t matter if tops or bottoms trade first. Most importantly, 99% of all written words about markets and trades are Lies from very stupid people. They know not what they say or do or write.

From 10 currencies, 100’s of pips are available. Think about 100 pips per currency pair equals 1000 pips, free money.

EUR/USD 1.0078 to 0.9924

AUD/USD 0.6811 and 0.6655

GBP/USD 1.1915 and 1.1735

USD/CAD 1.3288 to 1.2901.

USD/JPY 139.88 to 136.76.

GBP/JPY 165.68 to 162.53

EUR/JPY 140.18 to 137.54

EUR/AUD 1.4987 to 1.4717.

EUR/NZD 1.6493 to 1.6306

GBP/AUD 1.7648 to 1.7448.

Brian Twomey

EUR/USD Vs USD/JPY

Yesterday’s change of interest rates, EUR/USD range was located at 1.0034 to 0.9874. The new trade day at 2:30 am EST, range becomes 1.0027 to 0.9866. So far this information offers a minor trade for a few pips.

EUR/USD since the change of interest rates yesterday, ranged from 1.0054 to 1.0005. A few easy pips for profit existed. Since 2:30 am est, EUR/USD range from 1.0005 to 1.0045.

From the new range levels at 1.0027, a few pips profit existed.

Overall, how important was the offer of range levels. Complete irrelevant. I just wasted everyone’s time on purpose.

Currency trading and the overall currency price and all market prices are the most perfect concoction of mathematics ever invented on God’s planet. The perfection is absolutely stunning. Traps exist to the story however and USD/JPY today fits the bill.

Yesterday’s EUR/USD target was 0.9966. Here’s the levels: 1.0028, 0.9997, 0.9982, 0.9967. EUR/USD should’ve had the respect for traders to touch 0.9997. EUR/USD traded to 1.0005 and an interval.

More importantly, a nasty point existed at 1.0005. From 0.9997 to 1.0005 on paper is 8 pips but for math and target trading, 8 pips is a giant commentary to what and how EUR/USD trades.

What 1.0005 offered was a one way trade as no attempt existed for longs however a speculative long existed for a few pips. But this isn’t our way to ever speculate especially when money was banked.

EUR/USD trade duration yesterday was 9 hours however the overall trade remains viable.

Today’s EUR/USD 0.9972 0.9984, 0.9987, 0.9997, 1.0009. Vs 1.0029, 1.0035, 1.0041, 1.0048, 1.0061, 1.0067, 1.0074.

EUR/USD traded to highs so far at 1.0052. EUR/USD informed to 2 choices. Longs from 1.0005 at 2 am was viable. Or exit and re enter.

USD/JPY

Yesterday’s target was 138.15 from low 137.00’s. And mission completed in 8 hours as opposed to EUR/USD 9 hours.

Here’s where math becomes a problem as we have a continuation and clash of the titans. USD/JPY’s overall range: 137.18 to 140.13. Again a waste of time.

Today: 137.89 137.97, 138.06, 138.09, 138.40 Vs 138.66, 138.75, 138.83, 138.92, 139.09, 139.18, 139.27

USD/JPY never looked back from 2:30 and traded to 139.36 and 10 pips beyond 139.27.

USD/JPY’s trade yesterday was perfect and normal. Today’s trade was perfect and normal. However both trades together were radically non normal.

USD/JPY will again trade back to 137.00’s.

Brian Twomey

SPX and WTI

SPX and WTI trades to cover the next 24 hours of trading.. Note multiple longs and shorts per financial instrument. Correct trades however look at trades from target to target. SPX 3846.39 to 3740.39 or reverse as 3740 to 3846.

WTI same situation for multiple longs and shorts. Correct and perfect trades however look at target to target trades as 98.79 to 93.69 or 93.69 to 98.79.

Profits are guaranteed by either method traded.

SPX and WTI, daily and weekly trades are sent everyday and every week to interested traders.

SPX

Long above 3793.49 to target 3846.39

Short 3846.39 to target 3828.75

Short below 3793.49 to target 3740.59.

Long 3740.59 to target 3758.23

   WTI

 Long above 96.24 to target 98.79. 

Short 98.79 to target 97.94.

Short below 96.24 to target 93.69. 

Long 93.69 to target 94.54

Brian Twomey

EUR/USD and CPI Results

EUR/USD 8:00 am range on the 30 minute time frame traded 1.0101 to 1.0059. My levels 1.0090 – 0.9988. How did the market know at 8:00 AM CPI would report higher than expected then traded the highest values.

Computers is the answer for the 1% of world market traders that know exactly what they are doing. Same principle existed at the old ECB 8:30 am FIX. Computers stole every traded pip in minutes. Nothing was left to trade unless as I did, find exactly what these computer people were doing and beat them at their own crooked game.

EUR/USD 30 minute time frame at 8:30 am, 1.0066 to 0.9997. EUR/USD lifted from 1.0059 or a neutral location. Most financial instruments including currencies begin an economic announcement at a neutral level. To enter at a neutral price is gambling but most important is to know what is a neutral price as many exist.

Target to target equates to 1.0090 to 0.9988 or at 3:00 AM this morning, 1.0004 to 1.0090. Total 2 Round trips were available for 86 and 93 pips and 179 pips.

Levels, CPI and 99% of all market blah blah talk doesn’t matter. Parity for EUR/USD doesn’t matter. Most people writing about market talk, central banks, CPI and whatever else are wasting our time.

CPI is now gone and priced into the market. We knew before the prices but now that the release is over. CPI is no longer an issue as a market price is a forward traded instrument.

On to the next trade and forget about this day.

24 Hour Trades

On my blog at btwomey.com and posted yesterday at 5:00 pm. Here’s trade results and note EUR/USD top at 1.0092. But also note tops reported are 1 of 4 trades per currency pair. Traders are still trading and earning pips.

Problem today is most talk a good game but when results time appears, all are stuck in their ways, can’t change and results are miniscule.

EUR/USD 1.0092, Actual 1.0101
AUDUSD 0.6795, actual 0.6801
GBPUSD 1.1942, Actual 1.1946
EURJPY 138.32, Actual 138.36
USDCAD 1.3060, actual 1.3066
USDJPY 137.78, Actual 137.78
EURNZD 1.6456 Actual 1.6474
GBPAUD 1.7710, Actual 1.7644

Brian Twomey

24 Hour Trade Results

24 Hour #Trade Results

EUR/USD 1.0092, Actual 1.0101

#AUDUSD 0.6795, actual 0.6801

#GBPUSD 1.1942, Actual 1.1946

#EURJPY 138.32, Actual 138.36

#USDCAD 1.3060, actual 1.3066

#USDJPY 137.78, Actual 137.78

#EURNZD 1.6456 Actual 1.6474

#GBPAUD 1.7710, Actual 1.7644

Perfect as Usual & 100’s #pips

Brian Twomey

EUR/USD and CPI

Best trades today for CPI as written yesterday afternoon on my blog at btwomey.com are GBP/AUD, GBP/JPY, EUR/AUD, GBP/USD,. Posted on my blog yesterday afternoon were 12 currencies to trade 24 hour trades. Followers, friends and readers already have today 100’s of pip profits and trade targets achieved perfecto as usual.

Perfecto is this thing called markets and created by central banks in 1972. Central banks created a commonality for every financial instrument on the planet to trade together in collusion by simple math. Don’t allow this word called math to deter from what can be performed by a child of 12.

The CPI trade goes like this. Is the financial instrument overbought or oversold at the time of release. Oversold then long and overbought then short. End of story. Nothing more exists to the story. The same exact trade will trade tomorrow by mathematical certainty no matter what the CPI reading reveals.

I began to write the final paper on markets and our trades and how to trade every trade and every financial instrument with profits and with simplicity.
A day trade is defined in my terms as a small, I mean infinitesimal tiny amount of pips within an even smaller trade distance.

Remember how every trade to every financial instrument sets up.

Line
Vital Levels
Bottom
Target
Fail target

To understand the parts above eliminates the entire structure so to trade target to target. Time is irrelevant to day trades, weekly, long term. All that applies is targets.
Levels to targets are offered but never required to target trading.

EUR/USD traded 74 total pips yesterday and traded within 0.9973 to 1.0075. EUR/USD maintained larger 1.0094 to 0.9942.

EUR/USD becomes interesting today. The overall range 1.0061 to 0.9904. Both levels are deeply oversold.

Today’s levels: 0.9988, 1.0000, 1.0013 1.0019, 1.0029 Vs 1.0045, 1.0051, 1.0057, 1.0064, 1.0070, 1.0077, 1.0083, 1.0090.

Note 1.0061 and 1.0064 to up target 1.0090. Watch 1.0061, 1.0064 for reversal.

Eliminate non essential levels and the result 0.9988, 1.0064 and 1.0090.

Normal prices for EUR/USD 0.9988, 1.0013 Vs 1.0064 and 1.0090. EUR/USD currently trades non normal as central banks murdered normal EUR/USD ranges.

Note 1.0000. The point 00 is just a number. Note today’s 24 hour trades. The number 00 factors to 3 separate currency pairs.

Brian Twomey

10 Currencies: 24 Hour Trades

Here’s free money. Overall as written Sunday, no excitement to the week. None expected.

Best trades: GBP/AUD, GBP/JPY, EUR/AUD, GBP/USD

EUR/USD

Long above 1.0036 to target 1.0092. Levels: 1.0054, 1.0072, 1.0090.

Short 1.0092 to target 1.0073.

Short below 1.0036 to target 0.9981. Levels: 1.0018, 1.0000, 0.9982.

Long 0.9981 to target 0.9999.

AUD/USD

Long above 0.6744 to target 0.6795. Levels: 0.6761, 0.6778, 0.6786.

Short 0.6795 to target 0.6778.

Short below 0.6744 to target 0.6692. Levels: 0.6727, 0.6710, 0.6702.

Long 0.6692 to target 0.6710.

GBP/USD

Long above 1.1861 to target 1.1942. Levels: 1.1888, 1.1915, 1.1928.

Short 1.1942 to target 1.1915.

Short below 1.1861 to target 1.1779. Levels: 1.1834, 1.1807, 1.1794.

Long 1.1779 to target 1.1807.

USD/CAD

Long above 1.3016 to target 1.3066. Levels: 1.3032, 1.3048, 1.3064, 

Short 1.3066 to target 1.3049.

Short below 1.3016 to target 1.2965. Levels: 1.3000, 1.2984, 1.2968.

Long 1.2965 to target 1.2983.

USD/JPY

 Long above 136.99 to target 137.78. Levels: 137.25, 137.51, 137.77, 

Short 137.78 to target 137.52.

Short below 136.99 to target 136.19. Levels: 136.73, 136.47, 136.21.

Long 136.19 to target 136.46.

GBP/JPY

Long above 162.67 to target 163.97. Levels: 162.88, 163.09, 163.30, 163.51, 163.72, 163.93.

Short 163.97 to target 163.53.

Short below 162.67 to target 161.37. Levels: 162.46, 162.25, 162.04, 161.83, 161.62, 161.41.

Long 161.37 to target 161.81.

EUR/JPY

Long above 137.53 to target 138.32. Levels: 137.79, 138.05, 139.18, 

Short 138.32 to target 138.06.

Short below 137.53 to target 136.73. Levels: 137.27, 137.01, 136.75.

Long 136.73 to target 137.00. 

NZD/JPY

Long above 83.84 to target 84.24. Levels: 83.97, 84.10.

Short 84.24 to target 84.10.

Short below 83.84 to target 83.44. Levels: 83.71, 83.58, 83.45.

Long 83.44 to target 83.58.

EUR/AUD

Long above 1.4888 to target 1.4965. Levels: 1.4913, 1.4938, 1.4963. 

Short 1.4965 to target 1.4939. 

Short below 1.4888 to target 1.4812. Levels: 1.4863, 1.4838, 1.4813.

Long 1.4812 to target 1.4837.

EUR/NZD

Long above 1.6403 to target 1.6456. Levels: 1.6420, 1.6437, 1.6454.

Short 1.6456 to target 1.6438. 

Short below 1.6403 to target 1.6349. Levels: 1.6386, 1.6369, 1.6352.

Long 1.6349 to target 1.6368.

GBP/AUD

Long above 1.7618 to target 1.7710. Levels: 1.7633, 1.7648, 1.7663, 1.7678, 1.7693, 1.7708

Short 1.7710 to target 1.7679.

Short below 1.7618 to target 1.7525. Levels: 1.7603, 1.7588, 1.7573, 1.7558, 1.7543, 1.7528.

Long 1.7525 to target 1.7557. 

Brian Twomey brian@btwomey.com

EUR/USD Day Trade Levels Vs USD/EUR

EUR/USD’s overall range is located from 1.0094 to 0.9942. On a larger scale to not include day trades, 1.0094 and 0.9942 are massively oversold.

Scale is the operable word for day trades as today’s trade for 7 hours = 0.9973 Vs 1.0075 or 102 pips and 1/2 at 51 pips. EUR/USD as a day trade currently trades its most compressed ranges in years. The EUR/USD is actually trading dead.

Monday, EUR/USD traded on paper 131 pips but in actuality, EUR/USD traded averages and a few exchange rate levels related to averages.

For economic releases as expected or off sync to expectations are located within day trade 0.9973 to 1.0075 and 1.0094 to 0.9942. Prices and averages are most vital as both inform to an economic release. Recession or no recession is a mute point as day trades, weeklies and longer term trades won’t ever change.

Mathematically, its impossible to change day trades so the economic release will always be found within day trade levels.

Traders interested in trading profits don’t require economic release knowledge nor to focus on a time that once existed but will never be seen again to traded markets. Traders focused on economic releases miss the point to the traded price, entries, targets and profits. The mathematics of a price far surpasses any economic release. Recession or no recession changes nothing to a day trade as the day trade was written in stone decades ago.

The day trade was factored at 2:00 am for a 4 ,5 and 8:30 am economic releases.

EUR/USD Day trade.

0.9973, 0.9985, 0.9986, 0.9998, 1.0004, 1.0014, 1.0019 Vs 1.0030, 1.0036, 1.0042, 1.0049, 1.0055, 1.0062, 1.0068, 1.0075.

A massive amount of information is found within a day trade price, levels and price path. But the information is never seen, revealed or written. To know and understand is to maximize profits from correct entries and targets.

Eliminate non essential levels = 0.9973, 0.9998, 1.0049, 1.0075. What exist is a dead EUR/USD range. Levels: 0.9998 and 1.0049 in a correct range traded environment hold massively vital significance. The EUR/USD range must expand for 0.9998 and 1.0049 to become important again.

Ranges expand and contract over time. What’s really going on? Answer this question and the status of professional trader with complete price knowledge is earned.

Levels
0.9973 = 1.0075,
0.9985 = 1.0030,

0.9998 = 1.0049,
1.0004 = 1.0042,

1.0014 = 1.0036,
1.0019 = 1.0027

On one side is traded EUR/USD and the other side trades USD/EUR. EUR/USD day trade yesterday traded 90 pips or 1/2 EUR/USD and 1/2 USD/EUR. USD/EUR is always the dominant currency to EUR/USD. I offer 1/2 to USD/EUR but it runs something like 60 Vs 40 to EUR/USD.

Both EUR/USD and USD/EUR contain an equal chance to trade long or short. To understand is to eliminate the 50/50 shot for longs and shorts and entries and targets.

Brian Twomey