S&P 500 Trade Results

 S&P’s Trade Results as Posted

1. Long Red Candle Imminent. It happened today.

2. Top 3233.99, dropped today from 3223.44.
3. Target 2736.59 and 2661.62
4. Must break 3054.55, 2913.95 and 2845.35.
5. Lows 2999.14
6. 200 points to Go
                 Brian Twomey

Commercial Paper Rates and Market

Most important  interest rate is commercial paper because its a maximum rate of 270 days. Its shortest term rate and changes daily.  Fed Funds rate is a secondary rate compared to commercial Paper. Commercial paper rates are used to build yield and interest rate curves due to Commercial Paper as a primary rate.

Watch Commercial Paper rates for Fed interest rate changes and not Fed Funds. Book this concept under market structure.

Non Financial rates are finance rates for inside the United States money markets while financials are overseas rates and used mainly by Corporations. Non financial rates are used by many, utility companies, mutual funds, banks, insurance companies and many others.

I use Commercial paper Rates daily for day trades in currencies as these are mandatory and most vital rates of all interest rates. They allow perfect entries and multiple trades per currency pair.

Here’s rates

Rates

 

Period AA nonfinancial A2/P2 nonfinancial
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 0.09 0.13 0.19 0.23 0.27 0.28 0.21 0.32 0.47 0.60
June 3 0.05 0.06 0.07 0.10 0.14 0.18 0.25 0.38 0.30 0.35 0.60 0.63
June 4 0.07 0.06 n.a. 0.09 0.13 0.18 0.25 0.28 0.24 0.91 0.49 0.65
June 5 0.06 0.07 0.08 0.10 0.14 0.19 0.24 0.21 0.24 0.30 0.42 0.52
June 8 0.07 0.10 n.a. n.a. n.a. 0.20 0.27 0.22 0.25 0.33 0.44 0.53

Outstanding Levels Seasonally Adjusted

Period AA financial AA asset-backed
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 n.a. 0.11 n.a. 0.23 0.12 0.15 0.15 0.17 0.21 0.23
June 3 0.06 0.08 n.a. n.a. 0.11 0.15 0.12 0.15 0.16 0.18 0.18 0.26
June 4 0.05 n.a. n.a. n.a. n.a. n.a. 0.12 0.13 0.14 0.16 0.20 0.25
June 5 0.06 n.a. n.a. n.a. n.a. n.a. 0.12 0.14 0.18 0.18 0.19 0.24
June 8 0.07 0.07 n.a. n.a. n.a. n.a. 0.12 0.14 0.15 0.17 0.21 0.25

 

Outstanding Levels

Not Seasonally Adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,136.2 325.4 244.0 81.5 567.7 225.6 342.1 241.7 1.4
Feb. 1,127.4 315.9 233.8 82.2 564.8 217.7 347.0 245.6 1.1
Mar. 1,092.5 308.0 233.2 74.8 516.9 210.5 306.4 266.5 1.2
Apr. 1,090.1 279.7 209.7 70.0 536.9 205.3 331.7 271.2 2.2
May 1,042.8 256.3 184.2 72.2 516.8 200.4 316.5 267.2 2.4
Weekly (Wednesday) levels
May 6 1,069.0 258.7 195.4 63.2 537.3 220.6 316.6 270.9 2.3
May 13 1,061.7 258.4 192.3 66.1 531.9 216.3 315.6 269.0 2.4
May 20 1,057.7 255.4 184.7 70.7 533.7 214.8 318.9 266.1 2.5
May 27 1,051.0 257.1 184.9 72.2 529.8 208.7 321.1 261.7 2.4
June 3 1,037.2 252.4 178.0 74.4 522.0 207.0 315.0 260.5 2.4

 

Not seasonally adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,149.8 307.2 222.1 85.1 587.5 240.3 347.1 253.9 1.3
Feb. 1,136.2 322.8 235.4 87.4 561.4 227.0 334.4 250.8 1.2
Mar. 1,088.8 307.0 243.1 63.9 508.3 210.1 298.2 272.4 1.1
Apr. 1,086.5 299.0 223.9 75.1 514.1 217.8 296.2 271.2 2.2
May 1,045.9 280.3 197.9 82.4 499.7 205.9 293.8 263.5 2.4
Weekly (Wednesday) levels
May 6 1,068.8 296.3 217.4 79.0 501.4 210.1 291.3 268.8 2.2
May 13 1,064.8 288.4 206.3 82.2 505.1 213.5 291.7 268.8 2.4
May 20 1,079.1 296.1 209.3 86.8 515.0 218.2 296.7 265.6 2.4
May 27 1,054.6 283.8 200.3 83.5 505.8 212.2 293.6 262.7 2.4
June 3 1,040.8 281.3 198.7 82.6 495.5 205.4 290.2 261.6 2.3

 

Brian Twomey

Commercial Paper Rates

Most important  interest rate is Commercial Paper because its a maximum rate of 270 days. Its shortest term rate and changes daily.  Fed Funds rate is a secondary rate compared to Commercial Paper. Commercial Paper rates are used to build yield and interest rate curves due to Commercial Paper as a primary and shortest rate.

Commercial Paper market is easily a trillion dollar market while Fed Funds trades billions.

Watch Commercial Paper rates for Fed interest rate changes and not Fed Funds. Book this concept under market structure.

Non Financial rates are finance rates for inside the United States money markets while financials are overseas rates and used mainly by Corporations. Non financial rates are used by many: utility companies, mutual funds, banks, insurance companies and many others.

I use Commercial paper Rates daily for day trades in currencies as these are mandatory and most vital rates of all interest rates. They allow for perfect accuracy for entries and multiple day trades per currency pair.

Here’s rates

Rates

 

Period AA nonfinancial A2/P2 nonfinancial
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 0.09 0.13 0.19 0.23 0.27 0.28 0.21 0.32 0.47 0.60
June 3 0.05 0.06 0.07 0.10 0.14 0.18 0.25 0.38 0.30 0.35 0.60 0.63
June 4 0.07 0.06 n.a. 0.09 0.13 0.18 0.25 0.28 0.24 0.91 0.49 0.65
June 5 0.06 0.07 0.08 0.10 0.14 0.19 0.24 0.21 0.24 0.30 0.42 0.52
June 8 0.07 0.10 n.a. n.a. n.a. 0.20 0.27 0.22 0.25 0.33 0.44 0.53

Outstanding Levels Seasonally Adjusted

Period AA financial AA asset-backed
1-day 7-day 15-day 30-day 60-day 90-day 1-day 7-day 15-day 30-day 60-day 90-day
June 2 0.06 0.07 n.a. 0.11 n.a. 0.23 0.12 0.15 0.15 0.17 0.21 0.23
June 3 0.06 0.08 n.a. n.a. 0.11 0.15 0.12 0.15 0.16 0.18 0.18 0.26
June 4 0.05 n.a. n.a. n.a. n.a. n.a. 0.12 0.13 0.14 0.16 0.20 0.25
June 5 0.06 n.a. n.a. n.a. n.a. n.a. 0.12 0.14 0.18 0.18 0.19 0.24
June 8 0.07 0.07 n.a. n.a. n.a. n.a. 0.12 0.14 0.15 0.17 0.21 0.25

 

Outstanding Levels

Not Seasonally Adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,136.2 325.4 244.0 81.5 567.7 225.6 342.1 241.7 1.4
Feb. 1,127.4 315.9 233.8 82.2 564.8 217.7 347.0 245.6 1.1
Mar. 1,092.5 308.0 233.2 74.8 516.9 210.5 306.4 266.5 1.2
Apr. 1,090.1 279.7 209.7 70.0 536.9 205.3 331.7 271.2 2.2
May 1,042.8 256.3 184.2 72.2 516.8 200.4 316.5 267.2 2.4
Weekly (Wednesday) levels
May 6 1,069.0 258.7 195.4 63.2 537.3 220.6 316.6 270.9 2.3
May 13 1,061.7 258.4 192.3 66.1 531.9 216.3 315.6 269.0 2.4
May 20 1,057.7 255.4 184.7 70.7 533.7 214.8 318.9 266.1 2.5
May 27 1,051.0 257.1 184.9 72.2 529.8 208.7 321.1 261.7 2.4
June 3 1,037.2 252.4 178.0 74.4 522.0 207.0 315.0 260.5 2.4

 

Not seasonally adjusted

Billions of dollars

Make Full Screen

Period Total Nonfinancial Financial Asset-
backed
Other
Total Domestic Foreign Total Domestic Foreign
Monthly-end levels
2020-Jan. 1,149.8 307.2 222.1 85.1 587.5 240.3 347.1 253.9 1.3
Feb. 1,136.2 322.8 235.4 87.4 561.4 227.0 334.4 250.8 1.2
Mar. 1,088.8 307.0 243.1 63.9 508.3 210.1 298.2 272.4 1.1
Apr. 1,086.5 299.0 223.9 75.1 514.1 217.8 296.2 271.2 2.2
May 1,045.9 280.3 197.9 82.4 499.7 205.9 293.8 263.5 2.4
Weekly (Wednesday) levels
May 6 1,068.8 296.3 217.4 79.0 501.4 210.1 291.3 268.8 2.2
May 13 1,064.8 288.4 206.3 82.2 505.1 213.5 291.7 268.8 2.4
May 20 1,079.1 296.1 209.3 86.8 515.0 218.2 296.7 265.6 2.4
May 27 1,054.6 283.8 200.3 83.5 505.8 212.2 293.6 262.7 2.4
June 3 1,040.8 281.3 198.7 82.6 495.5 205.4 290.2 261.6 2.3

 

Brian Twomey

S&P’s and Gold

The S&P’s not only achieved overbought status but now sits overbought in the stratosphere and the recommendation is not 1 point long until the imminent deep correction is over. Overbought pertain to all averages we follow dating at least 10 years.
The massive top is located at 3233.99. Driving the S&P’s is not only the break at 2123.77 but since 2018, shortest averages drove prices higher.

The main average holding current prices is 2633.99 then 2454.55. Below 2633.93 targets 2577.85 2531.39, 2516.64 and 2504.29.
Due to the status to overbought, a long red candle event is expected rather than a slow grinding correction.

Targets are located at 2736.59 and 2661.62. Targets achieve destinations by breaks lower at 3054.55, 2913.95 and 2845.35. Note the target at 2736 and 600 points. This has been the norm to past long candle events since 2018 and due to highest price extremes achieved.

The 600 figure is not only a normalized number to financial instruments and especially currencies but 600 points factors to a 500 pip correction to 2736 and 100 points are unaccounted. The 100 points are free money points.

Most comfortable trading location for the S&P’s is in the 2500.00’s and a great location to begin the next leg higher. Overall problem with the S&P’s is lack of trading range. If the S&P’s were classified a a currency, the apt name would be USD/CHF, EUR/GBP or EUR/CHF.

 

Gold

If Gold was classified as a currency, EUR/GBP would become a better trade as Gold severely lacks trading ranges and its ranges are far below the S&P’s. Gold overall is a horrible trading instrument and its the new interest rate revamp by central banks that forced Gold into tiny ranges as opposed to the old days when Gold contained wide movement ability. Gold won’t ever recover to again trade to its glory days.

Holding Gold prices currently are averages at 1300’s across the board. All averages are deeply overbought. Both Gold and the S&P’s trade above 5 year averages and this includes the DXY. The issue is a mis location problem as the S&P’s are classified a a risk asset and it trades along side non risk assets DXY and Gold. This point was highlighted in past posts and as can be seen the mis location problem never corrected.

The 2 driving averages are 1566.34 and 1418.59. Both are fairly mid range overbought from 1695.55. Longer term averages are problems and deeply overbought.

Shorts begin at 1777.03, 1812.21, 1840.89, 1861.39 and 1925.35 but 1925 is not expected. All are extremes

Targets are located at 1664.70 and deep caution at 1587.61.

If 1566.34 ever break then targets become 1528.08, 1490.27, 1467.99 and 1462.60.

Overall trade strategy for Gold and the S&P’s is short for the long haul until targets achieve destinations.

 

Brian Twomey

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

Last week’s EUR/USD from 1.1100’s was deeply overbought then traveled to extraordinary extremes at 1.1300’s. Last week’s
NZD/USD was overbought at 0.6200’s then traveled to extraordinary extremes at 0.6500’s. NZD/CAD lacked a choice except to travel higher. NZD/CAD to NZD/USD represents a top and forecast currency to NZD/USD.

AUD/CAD holds the same principle as a top and forecast currency to AUD/USD.

GBP/CAD is the middle currency pair to GBP/USD. Above GBP/CAD resides wide rangers GBP/NZD and GBP/AUD. Below GBP/CAD resides GBP/USD, GBP/CHF and GBP/JPY.

EUR/CAD holds its principles as middle currency to EUR/USD, above lies wide rangers EUR/NZD and EUR/AUD. Below lies EUR/USD, EUR/CHF and EUR/JPY.

2 separate distributions reside inside the EUR and GBP universe, wide rangers and low ranges or better stated GBP/USD, GBP/CHF and GBP/JPY vs USD as wide rangers, GBP/NZD and GBP/AUD. When is GBP not GBP. At the Juncture of GBP/CAD.

GBP/USD rose significantly last week, GBP/NZD and GBP/AUD dropped, what dropped USD.

EUR/USD lives within the same content as low rangers EUR/USD, EUR/CHF and EUR/JPY vs USD as EUR/AUD and EUR/NZD. When is EUR not EUR. At the juncture of EUR/CAD.

EUR/USD rose significantly, EUR/NZD and EUR/AUD dropped. What dropped, USD.

EUR/AUD dropped to long standing target at 1.6000;s as forecast and mentioned many times in past posts.

NZD remains a solid block as NZD just as AUD remains 1 solid block as AUD.

Last week’s 200 pips higher to AUD/USD, EUR/USD and NZD/USD informed further to deep instability as rarely seen is overbought travels 200 pips higher to more extreme overbought. A cross pair is possible but not EUR/USD, NZD/USD and AUD/USD vs Non USD.

When do we know an unstable price exists is when overbought travels to more overbought or oversold to more oversold. Of all market periods and particular weeks, the worst by far is overbought to more overbought and oversold to more oversold. A normal price exists then those rare times to unstable prices. A normal trade exist then a gamble trade.

Due to leader as USD Vs Non, cross pairs had no choice except to travel to respective extremes. All currency pairs including EM are now in deep reversal mode.

Trades

One way trades this week for all currency pairs as the 200 pips from extremes must correct. Under 200 pip extremes, entries don’t matter.

NZD/USD as bottom currency is overbought and NZD top currency NZD/CAD is also overbought. EUR/USD must be repaired from last week.

EUR/USD

Short anywhere or 1.1304 and 1.1326 to target 1.1063.

Short below 1.1041 to target 1.0952.

NZD/USD

Short anywhere or 0.6543 and 0.6518 to target 0.6293.
Short below 0.6243 to target 0.6193.

NZD/CAD

Short anywhere or 0.8747 and 0.8759 to target 0.8568, caution 0.8594.
Short below 0.8543 to target 0.8492.

 

Brian Twomey

Trade Service

18 currency pairs are offered as weekly trades with specific entries and targets. The trade target is about 150 and 200 ish pips.

The latest addition is offer multiple trades per currency pair with specific entries and targets. This adds about 100 more pips per currency pair, per week. It means profits to at least 50% -60% of all traded pips.

The first 12 currency pairs are ranked from recommended trades to least favorite. The 6 GBP pairs offered are separately ranked.

On 10 and 12 currency pairs, the weekly average profit was about 1000 to 1200 pips per week. Today that figure is much higher. See June and July 2019 for analysis, math and trade results from February to July.

Weekly trades are designed to enter Sunday and exit by Friday without screen watching. Trades allow ability to live life outside of markets without worry. Individuals busy and live life outside of markets during the week then the trades are perfect to suit this lifestyle.

A trade begins at entry and ends at target therefore no stops, charts, indicators or ulterior methods used in trade calculations.

I’m here nearly 24/7 to assist with comments and questions. Its a 1 man show here and I’m the only person.

This offer is for interested traders who desire trades but its not a full blown trade service.

Trades are sent every Saturday morning

Interested are invited to view years upon years of trades, education, analysis on my blog.

The price is $300 per month

 

Brian Twomey Contact brian@btwomey.com

 

 

 

 

EUR/CAD: Multiple Trades, Multiple Pips

At week’s end, 3 trades complete, targets achieved for 358 pips.
The Bottom target to 1.5029 failed to achieve and dead stopped at 1.5049 then long target at 1.5109.

If target achieved at 1.5029 then the 4th trade would’ve completed for another 80 pips.

Another 80 pips added to 358 total factors to 438 pips.

At 438 pips profit means practically 100% of all 458 available traded pips were earned.
At 358 profit pips means 78.38% of all traded pips were profit.
On 18 currency pairs for weekly trades, the traditional average over about 16 months is profit 50% to 60% on all traded pips.
This assumes normally traded markets which was the case except for this current 2nd quarter of unstable prices. Yet the quarter was successful as models are designed and traded to perfection.
Over years, I’ve taken trades to far higher degrees to not only weekly and Daily  interest rate trades but long term target trades of 5, 8 and 1000 pips.
And targets complete practically to the exact pip. I think this is quite astounding
                Trade As Posted and Results
Short 1.5358 and 1.5379 to target 1.5137.

Short 1.5117 to target 1.5029.

Long 1.5029 to target 1.5109.

Long 1.5128 to target 1.5197.

Total 458 available pips to trade.

Profit 358 Pips
                  Brian Twomey

EUR/CAD Trade Results

The vital point and purpose to the EUR/CAD trade was to highlight multiple trades inside every currency pair and note to 458 available pips to trade. We take this multiple trade concept to the next degree by highlight to profit from most or all available pips.

EUR/CAD

Short 1.5358 and 1.5379 to target 1.5137.
Highs 1.5388, Lows 1.5137,
This trade ran +221 pips and target achieved.

Short 1.5117 to target 1.5029.
Lows 1.5049
Target not achieved and trade ran +68 pips.

Long 1.5029 to target 1.5109.
Trade not triggered.

Long 1.5128 to target 1.5197.

Trade complete and ran +69 pips.
Highs actually achieved 1.5349.

Total pips and 3 trades +358 pips V total 458 available pips.

Total 458 available pips to trade.

 

Brian Twomey

2 Year Currency Price Cycle

The purpose to highlight 2018 Vs 2020 targets was not only about targets but to introduce the possible 2 year currency cycle and the time to unfold and trade during the 2nd quarter every 2 years. The 2nd quarter as in Feb to May or March to June and vital to understand the 3 month time span.

As mentioned many times, due to trade calculations by pen, paper and calculator, extensive records are maintained and used for research purposes to assist in streamlining calculations and targets. Its been a 17 year process.

During the 2nd quarter and 3 month period of 2018, all cross pairs was the trade to enter. It didn”t matter which cross pair as long as the trade was a cross pair. Throw a dart at a wall of cross pairs and wherever the dart lands then that cross pair was a viable trade to profit 100’s of easy pips.

In the 2nd quarter of 2018, over 35 cross pair trades were posted and all targets achieved for minimum 5 and 800 pip targets. All entries were near perfect except AUD/NZD. When the 21 cross pairs from G28 were posted then was posted unusual pairs such as CNY/JPY, KRW/JPY, PLN and others. This is an academic inspection rather than trade success story.

Main point to 2018 and cross pairs was not only was the trade in cross pairs but all pairs achieved long term targets. Many targets were 5 and 800 pips. GBP/JPY was 1000.

While the cross pairs were on the move in 2018, the USD and Non USD pairs were dead and experienced little movements. USD V Non USD as in EUR/USD, GBP/USD vs USD/CAD and USD/JPY.

The 2018 presumption was cross pairs were the single driver to USD and Non USD pairs. In order for cross pairs to move to such wide distances then USD V Non USD had to trade dead. Then the opposite assumption scenario held the question as USD Vs Non would experience wide movements and cross pairs remained dead movers. Trades then lived in an either / or universe.

Why to the scenario in either/ or as the trade is because once long term targets achieve destinations then prices rest and movements are slim to none over a long period.

The 2nd quarter of 2019 came along and the quarter was dead to both cross pairs and USD V Non. Presuppositions had to wait another year.

The 2nd quarter of 2020 and current period experienced wide movements to both cross pairs and USD V Non. Current quarter also experienced a period of unusual price instability. More importantly is the entire 2nd quarter traded under instability and remains unstable.

While cross pairs achieved targets and a rested price in 2018, it took 2 years for cross pairs to again trade to a long term target. This means not only 2 years to the 2 year cycle but it takes 2 years for the long term target trade to unfold in order to enter the trade.

The assumption to 2018 and USD V Non as dead movers is the vast majority of pairs weren’t far from long term targets. AUD/USD was clearly the outlier. Possibly it took 2 years for USD and NON to trade to its furthest distance in order to enter a long term trade. But it was first necessary to allow the cross pairs to achieve targets then USD V Non would answer the question how far should USD V NOn trade its greatest distance in relation to cross pairs. This may explain why 2019 2nd quarter failed to experience 2018 and 2020 big moves.

The research argument to this post is every 2 years in the 2nd quarter is the best time to easily profit from trades. The 2018 trades were truly easy and profitable. A trader can earn enough money in 2nd quarter trades to sit out the year if they desired.
Next, 2nd quarter 2020 was again an excellent time to trade as movements were extremely wide. The problem with the current period is its unstable price time and lasted fully 3 months. This quarter was not the time to trade to targets but the time to trade to greatest distances and a complete reversal from 2018. Excellent time to trade in hindsight was correct for the majority of the quarter except for about 4 weeks and the current week.

The concept to instability affected all currency pairs rather than a few. Normally in any given week, 1 or 2 currency pairs may travel a few pips off course but those trades are easily repaired. We’ve seen weeks when many currency pairs traveled off course. No such concept exits to our trades particularly over the past about 4 years.

For instability despite wide movements means USD V Non and cross pairs are truly off kilter to each other and trade at its widest distances. This can only mean great trades in the future as prices again achieve normality. How long for normality, 2 years then 2nd quarter 2022 becomes another great time to trade easiest trades ?

The next view must be a comparison from 2nd quarter 2016 to 2018 in order to understand current 2020 and 2nd quarter instability.

Brian Twomey

EUR/USD Price Path

Today’s EUR/USD day trade is a great lesson in trading and forecasts.

Yesterday EUR/USD

Yesterday morning EUR/USD upside points as follows: 1.1214, 1.1221, 1.1227, 1.1236, 1.1249, 1.1256 and 1.1264.
EUR/USD traded to 1.1227 then 2 hours later eventually dropped to 1.1183. Note 1.1227 is the 3rd point to cross in order to trade higher. It failed.

Where is 1.1183 ? Yesterday’s supports 1.1173 and 1.1161. The 1.1183 point is located between 1.1190 and 1.1173. EUR/USD dead stopped 2 pips above the mid point at 1.1181.

At the 10:00 am hour, EUR/USD traded to 1.1136 and the 4th point in the overall 7 1/2 hour allowable price path.
After 10:00 am, EUR/USD traded to exactly 1.1156.

For the allowable 7 1/2 hours, EUR/USD traded 47 total pips and 53 pips to include 1.1236 at 10:00 am.

However as instructed to interested traders and as traded everyday, trade duration is from 2:30 am to 10:00 am EST then exit and take profits for the day. As the central banks offer trades from the allotted 7 1/2 hours time frame, traders don’t want to compete with the many central banks in the market from 10:00 am to 12:30.

This means the original traded price path from 2:30 am to 10:00 am EST may or may not hold and no trade is easy, nor guaranteed nor possibly profitable. Can’t trade a gamble or roulette wheel and the smart trade is stay away.

Today EUR/USD

Note the same exact price path from yesterday as follows: 1.1214, 1.1221, 1.1227, 1.1236, 1.1249, 1.1256 and 1.1264.
The exact same trade as yesterday morning is now today’s exact same trade. But really?

EUR/USD traded and failed at 1.1221 and the 2nd point in the price path Vs yesterday’s 1.1227 at the 3rd point.
Yesterday morning most vial supports 1.1161 and 1.1173. Today 1.1159 and 1.1168.

Overall price path is the same but below supports radically changed.

To take this to true technical levels, at the China open last evening, supports were located at 1.1171 and 1.1182. So today’s day trade supports changed significantly.

The difference to support levels was interest rates and as interest rates change then supports levels must adjust. Overall supports and overhead resistance levels as well go through constant adjustments especially within a 24 hour trade period.
The only method to know exactly the locations of supports and resistance and to trade under exact entries and targets for day trades is to constantly monitor interest rates.

As EUR/USD was the tracker currency all week, the exact same methods hold true for every nation’s interest rates and currency prices. Interest rates change the supports and resistance points and changing prices means a daily and constant adjustment to price paths. Rare to see the same price paths within the same 24 hour period and actually rare to see it at all.

This week’s information is a tiny fragment to the many nuances of a currency price as its evolution is constantly revolving. A day trade requires constant monitoring and re factoring the interest rate to the currency price while a weekly trade requires no supervision.

The 7 1/2 hour time allotted to trades was actually a favor from the ECB because it afforded an opportunity to even novice traders to profit. The prior 8;30 am time failed to allow even the best of traders to profit as the computer beat every traders on the planet as the 8:30 price was finished trading within 1 hour.

As I inform traders, whatever you think you know or thought you knew about trading currency prices must be thrown out the door.

 

Brian Twomey

 

March Long Term Targets and Forecasts

March 2020 Long Term Targets

Posted on March 11, 2020

And so March begins in 2020 as was the same story in 2018. Trades in March 2020 as in 2018 is the single focus to reversals, trends and great price movements.

Targets achieved destinations in 2018. Destinations means alignment, rightsize or my term, settled price. A settled price never rests as it must by math standards achieve its next target point. By math standards it must also return to its target points.
Distant points are defined as 300, 600 and for a full currency price cycle, 2500 pips. Any price outside of 3, 6 and 2500 are non existent prices, ghost prices. Ghost prices are not only easy profit opportunities but seen often.

AUD/JPY at 67.00’s and 68.00 are ghost prices, AUD/CHF and NZD/CHF currently trade all time, 60 year lows. Both prices are ghost prices and don’t exist. EUR/CHF below 1.0300’s trades ghost prices and below 60 year lows. Below 1.0300;s, EUR/CHF prices don’t exist. CAD/JPY at 73.00’s trades ghost prices and below 60 year lows. Below 73.00’s, prices don’t exist.

2019 is considered the out year to the cycle and the out year to any cycle as few easy long term target trades become available.
March 2020 targets vs 2018 targets

Wide range currency pairs never contain a specific target as their overall purpose is to forever range trade. Wide range pairs maintain a check on the shorter range currecny pairs, GBPUSD Vs GBP/NZD for example. March 2020, many trade above tops and now offer good trade opportunities.

AUD and GBP/JPY offer best trade opportunities as most distant targets in relation to 19 currency pairs.

EUR/USD 2020 target 1.1405 Vs 2018 at 1.1600’s. Took 2 years for 1.1600;s to drop 200 pips to 1.1400’s. EURUSD next big move should be much lower and the move is imminent.

EUR/NZD. Top 1.7600’s. Long way to drop. Wide range currency.

GBP/CHF 2020 target 1.2879 Vs 2018 at 1.3200’s. Target = 800 pips.

GBP/CAD 1.8200 top, long way to drop for wide range currency.

GBP/USD. 2020 target 1.3385 vs 2018 at 1.3600, 1.3800 then 1.3400’s. Target 1.3400’s achieved. 1.3385 = 400 pips from 1.2900’s.

AUD/USD. 2020 target 0.7300 Vs 2018 at 0.7800’s. An 800 pip target.

AUD/JPY 2020 target 79.00’s Vs 2018 at 83.00’s. An 1100 pip target.

USD/JPY. Lacks a target yet ranges from 102 to 109.00’s. The 2018 target at 100 bounced from 104.00’s. USD/JPY is a horrible currency pair and hardly traded.

EUR/JPY 2020 target 123.00’s Vs 2018 at 125. A 500 pip target.

GBP/JPY. 2020 target 144 vs 2018 at 147.00’s. Target achieved. An 800 pip target.

EUR/AUD. 2020 target 1.5900’s Vs 2018 at 1.5900’s. No changes. A 1400 pip target.

GBP/AUD. 2020 top 1.9400’s Vs 2018 top at 2.0019. a 600 pip drop.

USD/CAD. 2020 target 1.2900’s, Vs 2018 at 1.2800’s. No changes. An 800 pip target.

CAD/JPY. 2020 target 84.00’s Vs 2018 at 86.00’s, a 200 pip drop. A 900 pip target.

NZD/JPY. 2020 target 72.00’s Vs 2018 at 72.00’s. No changes. A 500 pip target.

NZD/USD. 2020 target 0.6700’s vs 2018 at 0.7000’s. A 400 Pip target.

AUD/CHF. 2020 target 0.7000’s. An 800 pip target.

NZD/CHF. 2020 target 0.6600’s. A 700 pip target.

EUR/CHF 60 year lows below 1.0300’s.

As targets achieved in 2018, reversals are now seen as 300 and 600 pips to begin. Targets won’t change until destinations are complete. 300 pips are fairly standard as forever price targets while 600 approaches max peaks. Longest trades view as 2500 pips and 2500 is also a currency market price standard. 2500 is viewed when targets complete to next price targets generally over a 2 year period.

Brian Twomey

EUR/USD and ECB

Currency markets viewed from March and a 3 month span revealed AUD/USD and cross pairs achieved near all time lows and overall as stated in March had the best trades for profits on a long term hold period. AUD/JPY and AUD/CHF as stated in March for example achieved prices under 67 year lows. This means March prices didn’t exist on record.

What did that say for AUD/USD. More specifically as written many times EUR/AUD achieved 1.6000’s target. The implication is AUD/USD top is now here. However the 0.7300 target remains open. This informs EUR/AUD still has much downside to go and 1.5726 is a viable option at this writing provided 0.7300’s achieves destinations.

A long term target means a currency price must achieve its targets and doesn’t have a choice.

As AUD embarked on a 1500 pip rampage higher from the instability period in March from 0.5500’s lows, all AUD currency pairs became outliers to its counterparts as AUD was first to trade above its vital MA’s. EUR, NZD and GBP were forced to trade higher but also to correspond to correct prices in relation to AUD.

GBP/USD was clearly the holdout for the past 3 months as only this week did 1.2428 finally break and traded to 1.2600’s. Now in agreement are EUR, NZD, GBP and USD/CAD on the break lower at 1.3800’s.

Currency prices are now in huge reversal periods as EUR/USD, NZD/USD, AUD/USD and GBP/USD are deeply overbought. While USD/CAD is deeply oversold.

EUR/USD

Recall vital points above at 1.1183, 1.1212 and 1.1277.

Understand in relation to daily vital points as offered by the ECB, central banks are forced to follow interest rate formulas to price currencies for day trades. Doesn’t matter to overbought or oversold for central banks. It only matters to price the daily currencies correctly to interest rates.

The new changes adopted by the ECB in 2015/2016 allowed the ECB to garner greater control to their currency prices by elimination of the USA 8:30 am time slot.

The price of the daily interest rates is then designed to force the exchange rate to move. This forces not only interest and exchange rates to move but all markets in relation to the specific nation because interest rates price all financial instruments including bond yields.

Central banks daily view currency prices for their own exchange rates in near 2000 to 2500 pips. The EUR/USD as viewed by the ECB is seen in ranges from 1.6600 highs achieved in 2008 to right at 0.7500 lows. That’s 9000 pips. For trading purposes however 9000 pips breaks down to allowable movements at about 2500 pips in 1 direction then a massive correction is seen before the price can embark on it’s original course.

AUD at 1500 pips achieved 1/3 its allowable distance.

Here’s today’s EUR/USD day trade 1.1214, 1.1221, 1.1227, 1.1236, 1.1249, 1.1256 and 1.1264. EUR/USD traded to 1.1227 which means it didn’t travel anywhere in relation to 1.1264.

EUR/USD from 1.1212 to 1.1277 is in no man’s land and is untouchable. Only on a break of 1.1212 and 1.1183 will EUR head lower.

Daily trades and traded twice daily are all factored and traded exclusively by interest rates since 2015 /2016 to enter and exit exactly as the central banks offer.

 

Brian Twomey

 

 

EUR/USD, Fed and Daily Interest Rate Trades

Today’s day trade for EUR/USD will view from Fed and USD interest rates. From an interest rate perspective, the difference between USD and ECB interest rates is zero. Literally zero as both Fed and ECB interest rates contain the exact same information for a day trade. The difference as was seen yesterday was possibly a 1 pip difference but never more than 1 pip.
Second advantage is USD rates are released everyday at 4:15 and this allows EUR/USD to factor 24 hours ahead. The difference between the day trade factored 24 hours prior and today ‘s day trade contains hardly a difference. Difference possibly is 2 and 5 pips.

Overall purpose to trade by interest rates is to trade exactly with perfect entry and exit points. never a loss because trades are given by central banks. Its impossible to lose.

Trade by interest rates eliminates the need to blabber all day about Fed speakers, Option expiries, Liquidity and a long list of worthless pablum. Literally 99% of all information traders are exposed to every day contains zero relevance to a currency or market price. Traders talk about riots moving markets. How much is riots worth to today’s EUR/USD day trade.

As Oscar Wilde stated long ago, we know the price to everything but the value of nothing.

Third advantage is ECB interest rates are released every morning at 6:00 am EST. The day trade is well underway from its 2:30 am starting time and European news is long past and released.

Fourth advantage to USD interest rates is every market price on the planet including stocks, commodities are factored by USD interest rates. This allows for exact trades not only in currencies but stocks and whatever else is traded in combination.
Fifth advantage is traders may enter heavy at appropriate entry points to achieve maximum profits for the day. Entries and exits are entered and traders may walk away for the day as the day is over. No need any longer to ever watch a screen.

Sixth advantage is traders beat any trader on the planet especially those traders using ulterior trade methods. And trade by interest rates allows for a full understanding to what traders are doing and why. No mysteries exist to a day trade price path.
USD VS RBNZ interest rates

No difference exists to interest rates from central bank to central bank as all forecast the same and exactly to all currency prices. The RBNZ is first to release interest rates for the new trading day and RBNZ interest rates factors to any currency price to complete a perfectly successful day trade. The actual difference between USD and FED and RBNZ interest rates is a big fat zero. Using one nation’s interest rates RBNZ or USD and FED allows for quicker time to factor day trades rather than entering every nation’s interest rates per currency.

Federal funds (effective) 1 2 3 0.05 0.05 0.05 0.05 0.05
Commercial Paper 3 4 5 6
Nonfinancial
1-month 0.10 0.09 0.09 0.11
2-month 0.15 0.11 0.12 0.17
3-month 0.25 0.19 0.15 0.22
Financial
1-month n.a. n.a. n.a. n.a.
2-month n.a. n.a. n.a. n.a.
3-month 0.15 0.17 0.17 n.a.
Bank prime loan 2 3 7 3.25 3.25 3.25 3.25 3.25
Discount window primary credit 2 8 0.25 0.25 0.25 0.25 0.25
U.S. government securities
Treasury bills (secondary market) 3 4
4-week 0.10 0.10 0.14 0.13
3-month 0.14 0.15 0.15 0.14
6-month 0.17 0.17 0.18 0.18
1-year 0.17 0.18 0.17 0.17
Treasury constant maturities
Nominal 9
1-month 0.10 0.11 0.14 0.13
3-month 0.14 0.15 0.15 0.14
6-month 0.17 0.17 0.18 0.18
1-year 0.17 0.18 0.17 0.17
2-year 0.18 0.19 0.17 0.16
3-year 0.22 0.22 0.22 0.19
5-year 0.35 0.34 0.34 0.30
7-year 0.53 0.52 0.54 0.50
10-year 0.69 0.68 0.70 0.65
20-year 1.19 1.19 1.23 1.18
30-year 1.43 1.44 1.47 1.41

Yesterday’s Fed interest rate range was 138 basis points and today is 130. A drop of 8 basis points but a meaningless difference to a day trade. Pertinent to the day trade is a rise from yesterday of 2 basis points. This will factor to today’s vital support and resistance points.

EUR/USD support and resistance points today 1.1077 and 1.1091 Vs 1.1165 and 1.1178.

Price path above 1.1134, 1.1141, 1.1147, 1.1156, 1.1169, 1.1176 and 1.1183.

Weekly break point 1.1183 matches to today’s target at 1.1183.

Today’s EUR/USD strategy is short 1.1183 and must break at vital 1.1176 then follow downside points. EUR/USD today traded 1.1188 and a violation of 5 pips. The short begins with 5 pips as extra bonus points.

More to downside points 1.1099, 1.1091, 1.1086, 1.1077 and 1.1071.

Short strategy for today is good until EUR/USD trades to lows then begins longs. Trades end at 10:am EST.

 

Brian Twomey

EUR/USD, ECB and Daily Interest Rate Trades

Upon Libor elimination, central banks not only revamped internal interest rates but the new method was to set daily interest rates to match exchange rates. Central banks in 2015 and 2016 embarked on radical and wholesale changes to currency prices.
Radical means they reduced daily trading ranges dramatically.

Pre 2014 for example, EUR/USD was allowed 75 to almost 100 pip daily trading ranges. Today, daily trading ranges were cut by easily 1/2.

To cut daily trading ranges by 1/2 also means a cut to weekly trading ranges. Assume for example 100 pip daily ranges factors to 500 pips per week in 1 direction but also means 500 pip are available to trade. Today’s reality to remain with the EUR/USD example is no longer such a concept as 500 pip weeks but we’re lucky to see 100 pip range week. The word volatility doesn’t exist post 2016.

Here’s what the ECB did to the EUR and here”s where wholesale changes come into effect.

Euribor 1 week -0.511 %
Euribor 1 month -0.482 %
Euribor 3 months -0.307 %
Euribor 6 months -0.158 %
Euribor 12 months -0.085 %

The interest rate range is 42 basis points and for current EUR/USD during new trading times isn’t terrible. Pre 2014, the 42 points was no such concept. Instead, around 100 basis points was the norm. Typical Euribor ranges daily from lows of 15 basis points to oh about 50. A 15 basis point range says automatically, don’t trade EUR/USD for the day because it won’t move and find another pair from another nation.

RBA for example contains a disastrous 13 basis point range, NZD/USD at a whopping 61 basis points and the FED and USD  at 138 .

What wholesale change meant was to cut interest rate ranges to transpire as cutting exchange rate ranges. A 42 basis point range doesn’t mean EUR/USD moves 42 pips because inside the EUR/USD range is supports and resistance points. And its assumed the full 42 points will actually trade. It never does.

For interest rate traders as well aren’t afforded the luxury to wide ranges and its mandatory today to be precise in trades as trade opportunities are extremely slim.

Due to the Fed’s 138 point range, this means USD/EUR is allowed a few more pips to ranges than EUR/USD at 42. The 138 pips however factored to DXY offers the exact same pip ranges as EUR/USD which means on paper the potential may trade 138 points in intetest rates but it never meets the expectation. The best seen is 1/2 at about 69 basis points and i’m addressing strictly exchange rate movements.

Despite the comparison to 42 Vs 138, its no longer necessary to factor yield spreads as was done from days of old pre 2015 and 2014. Because enough information is known from the ECB to factor a daily trade and because we are interested in EUR/USD straight. The USD as second part of the equation is also given by the ECB.

But also in comparison to exchange rate ranges as the same, this informs no difference to USD and FED Vs ECB interest rates. NZD and AUD assumes NZD contains wider ranges than AUD but actually AUD ranges beat NZD daily by 2 pips. Daily support and resistance points stop the full movements to exchange rates.

Day trades begin at 2:30 am EST and end at 10:00 am EST, a full 7 1/2 hours. Time change is coming then trade times change from 1:30 am EST to 9:30 am EST. For our day trades begin at the China open at 9:30 PM so we have trade and price coverage from 9:30 PM to 2:30 am. Time change coming means 8:30 Pm to 1:30 am.

Much more exists to day trades by interest rates but the basics are offered. Same story as weekly trades: no stops, charts, no market blah bull stuff and guaranteed profits.

Day Trades

From weekly trades we know 1.1183, 1.1212 and 1.1277 are vital points and all are dropping by the week. We know EUR/USD is overbought and short is the way. EUR/USD day trades are now set to either watch the daily trades as a benchmark to the 1.0980 weekly target and / or to profit from quick day trade pips while waiting for target to achieve. And shorts only.

Here the EUR/USD topside points 1.1151, 1.1157, 1.1164, 1.1171, 1.1185, 1.1192 and 1.1199.

Here’s supports and resistance points 1.1171 and 1.1184 and below 1.1102 and 1.1091.

EUR/USD failed below 1.1171 first resistance.

The target is 1.1199 but we know 1.1183 is massive resistance and no hope for today to trade to 1.1199. We know we are short and we want entry. EUR/USD dead stopped today at 1.1153. That’s the 1/2 point from 1.1151 to 11157 as 1.1154 is actually the 1/2 point.

EUR/USD failed below first resistance at 1.1171.

Now we are short.

Bottom supports 1.1116, 1.1102, 1.1101, 1.1091 and 1.1087. EUR/USD today dead stopped so far today at 1.1100. Dead on to 1.1102 and 1.1101. Only 1.1097 and 1.1089 remain.

In 5 hours of trading since 2:30 am, EUR/USD traded 53 pips.

Obvious the weekly target at 1.0980 won’t achieve today but pips were earned while waiting.

The strategy for remainder is now earn a few pips from longs with view to 1.1091 resolution. A break then targets 1.1087 and perfect long point. But 1.1097 works to target 1.1116. A quick 20 pips. Added to entry for shorts and 5 hours of trading was profitable.

 

Brian Twomey

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

EUR/USD is not only overbought but crucial break points are located at 1.1181, 1.1212 and 1.1277. Most vital break at 1.1277 would see volatility increase exponentially as a new range would materialize from 1.1277 to 1.2204 or 927 pips as opposed to current 1.1277 to 1.0300 lows or 977 pips. Both ranges are equally spaced at 977 and 927 pips.

New interest for EUR/USD longs are located above 1.1277.

This week is EUR correction time and this includes EUR/PLN.

Overall currency market prices are in the 3rd week of dead to perfect neutral positions and this includes all 28 currency pairs. This means no dramatic moves are expected as rallies will be sold and drops will be bought and the week will end with zero progress to trend positions. The explanation to neutral positions is ranges remain in serious contraction mode.

Both EUR/PLN and USD/PLN prices are located below vital break point lines at 4.4574 and 4.0679. A mis position exists in either USD/PLN or EUR/PLN. This mis position situation exists to all USD Vs EUR emerging market currencies.

This week again is multiple trades per currency pair to maximize profit pips.

Trades

EUR/USD

Short 1.1109 and 1.1131 to target 1.0980.

Short below 1.0959 to target 1.0895.

Long 1.0895 to target 1.0938.

long 1.0969 to target 1.1002.

Overall, 259 total pips available to trade. Retain this number for trade results at week’s end.

EUR/CAD

Short 1.5358 and 1.5379 to target 1.5137.

Short 1.5117 to target 1.5029.

Long 1.5029 to target 1.5109.

Long 1.5128 to target 1.5197.

Total 458 available pips to trade.

GBP/NZD

Target last week at 2.0222 now 2.0124.

USD/PLN

Long 3.9981 and 3.9894 to target 4.0592.

Long 4.0679 to target 4.1028.

Short 4.1028 to target 4.0766.

Short 4.0669 to target 4.0592.

EUR/PLN

Long 4.4267 and 4.4114 to target 4.4498.

Long 4.4574 to target 4.4957.

Short 4.4957 to target 4.4766.

 

Brian Twomey

Weekly Trade Results: GBP/USD and GBP/NZD

Weekly GBP/USD trade was instructive to its weekly rise and drop points.

The trades and results as posted and analyzed by its long and short points.

1. GBP/USD

Long 1.2124 and 1.2099 to target 1.2395. Must cross 1.2149, 1.2174, 1.2199, 1.2226, 1.2251, 1.2276, 1.2301, 1.2326, 1.2351 and 1.2376.

Lows 1.2165, Highs 1.2362.

Entry miss by 41 pips. Target miss by 33 pips. Dead stopped exactly between 1.2351 and 1.2376.

Recall last week’s NZD/USD trade. Exact same scenario as GBP/USD this week. NZD/USD missed entry and target. Yet the target at 0.6223 achieved Tuesday. Targets are exact and must achieve it destinations by mathematical law.

The price message. On the first rise above, GBP/USD broke 1.2351 to trade at 1.2352. The 1 pip message was GBP/USD would trade higher. Its did. It stopped at 1.2362 exactly and 1 pip short of exact mid point at 1.2363. The message was GBP/USD then heads lower.

Every traded pip contains deep meaning to overall price paths. Better examples to above scenarios exist to involve a more understandable price path. While this point may seem trivial because it involves 1 pip, the message remains clear.
If the entry and target traded correctly then the trade profit was +271 pips.

2. GBP/USD 2nd Trade

Long above 1.2431 to target 1.2533
Result: never traded.

3. GBP/USD 3rd Trade

Cautious short 1.2395 to target 1.2293
Result: Target at 1.2395 never traded however target achieved destination. If 1.2395 traded then trade result was +102 Pips.
2 trades, + 373 pips but never traded.

GBP/USD despite a 200 + rise this week failed to break 1.2431 for higher. The result is GBP made zero progress to its overall price path.

GBP/NZD

Long 1.9964 and 1.9946 to target 2.0222

Lows 1.9759, Highs 1.9899

Entry off by 187 pips. how wonderful is this.

Point of note is GBP/USD actually rose 197 Pips and GBP/NZD dropped 187 pips.

No problem here as was shown to the EUR/CAD trade.

Trade Options

Add 1 lot and trade to break even from the first lot. Add 1 lot and trade to target. Or do nothing and trade to target. Never never a loss. Ever see a loss from many many weekly trades posted. Nope. Nothing but profits and trade repair on missed entry with result of profits.

 

Brian Twomey

FX Trading Price Path

  Charts and Outside Events are The Enemy of FX traders
A trade contains an entry and  target price, a start & stop point. This price path must complete its mission by math laws.
The price path is set on the previous Friday, to enter trades on Sunday & exit with profits by Friday.

Fully, 90% of all information exposed to traders throughout any given week is irrelevant to the price path because a price path cannot be stopped by any trader, central bank  or outside event such as news.

Understanding a price path allows traders to literally set entries and  targets on Sunday, exit by Friday with profits & never watch markets or charts or screens all week.

The chart and focus on outside events is actually the enemy of the trader because a chart doesn’t show a true price path and because a market price is never correct. What can a chart reveal to an incorrect price.

Its not what a trader earned from a trade that is relevant but what did the trader miss in pips that traded without profit. A 100 pip trade is fine but if 300 pips Traded without profit, then actually, how good was the trade or trader expertise to overall trading and strategy.

Vast majority of traders are speculators and  set out to earn profits to stay in the game. 1% are experts with full price knowledge. Full price knowledge means every traded pip is known to its location and mathematical context. The 1% irrelevance to a chart is replaced with ability to eyeball any price and fully understand the overall price context and all relevant information for a profitable trade. The 1% crowd is rarely seen nor known to wider trader audiences.
                   Brian Twomey

Weekly Trades: GBP/USD And GBP/NZD

Another week to continuous trading to maximize profit pips and earn all traded pips available. And offered most vital points to watch and follow the trades to target. Also offered to those to take profits when satisfied anywhere along the price path. This week is GBP/USD from the low end of GBP to also trade GBP/NZD at the top end. This week 4 trades per currency are offered.
Recall last week’s EUR/USD trades offered 2 longs and 2 shorts to continuously trade throughout the week. The 2 longs profited 191 pips while the shorts earned +79 pips for a total of 270 pips.

The close price forecast for Friday was just above 1.0860 and the last target to the shorts was 1.0836. Based on the close price forecast, it was apparent 1.0836 had a chance to fail its destination. It did and EUR/USD closed at 1.0898. However the last short earned 16 pips.

Same old story to the trades: No Charts, No Graphs, No Stops, no market blather talk necessary. Most Important is no screen watching throughout the week as its not necessary. Entries and targets are set on Sunday and exit by Friday. A possible missed entry is quickly repaired to either break even or trade to target and earn profits. Never a loss incurred.

Weekly Trades

GBP/USD

Long 1.2124 and 1.2099 to target 1.2395. Must cross 1.2149, 1.2174, 1.2199, 1.2226, 1.2251, 1.2276, 1.2301, 1.2326, 1.2351 and 1.2376.

Long above 1.2431 to target 1.2533. Must cross 1.2456, 1.2481, 1.2506 and 1.2531.

Short 1.2533 to target 1.2482.

Cautious short 1.2395 to target 1.2293

GBP/NZD

Long 1.9964 and 1.9946 to target 2.0222. Must cross 2.0001, 2.0036, 2.0072, 2.0108, 2.0144, 2.0180 and 2.0216.

Long above 2.0258 to target 2.0367. Must cross 2.0294 and 2.0330.

Short 2.0367 to target 2.0294.

Cautious short 2.0222 to target 2.0149

 

Brian Twomey

Weekly Trades: GBP/USD and GBP/NZD

Another week to continuous trading to maximize profit pips and earn all traded pips available. And offered most vital points to watch and follow the trades to target. Also offered to those to take profits when satisfied anywhere along the price path. This week is GBP/USD from the low end of GBP to also trade GBP/NZD at the top end. This week 4 trades per currency are offered.

GBP/USD

Long 1.2124 and 1.2099 to target 1.2395. Must cross 1.2149, 1.2174, 1.2199, 1.2226, 1.2251, 1.2276, 1.2301, 1.2326, 1.2351 and 1.2376.

Long above 1.2431 to target 1.2533. Must cross 1.2456, 1.2481, 1.2506 and 1.2531.

Short 1.2533 to target 1.2482.

Cautious short 1.2395 to target 1.2293

GBP/NZD

Long 1.9964 and 1.9946 to target 2.0222. Must cross 2.0001, 2.0036, 2.0072, 2.0108, 2.0144, 2.0180 and 2.0216.

Long above 2.0258 to target 2.0367. Must cross 2.0294 and 2.0330.

Short 2.0367 to target 2.0294.

Cautious short 2.0222 to target 2.0149

 

Brian Twomey Contact for trades brian@btwomey.com