Weekly Trades: GBP/CAD, EUR/CAD, AUD/CAD, NZD/CAD, AUD/NZD
|This week's trade theme is CAD as the second position in a currency pair. The purpose for this week's trade concept completes ongoing research to AUD/USD and cross pairs against the predominant principle exchange rates predict exchange rate entries and targets perfectly.
Perfect to near perfect entries and targets by exchange rate forecasts eliminates 100% of trade indicators, charts, stops and all Math used as predictions. The caveat to math is only certain formulas work but calculations must align to exchange rates predict exchange rates.
Market concepts such as overbought and oversold eliminates as an irrelevant signal.
New and stunning information is once the system is established, a perfectly accurate weekly forecast takes about 2 minutes per currency pair and any currency pair to include EM. If a currency pair has a number then it forecasts perfectly. To forecast 28 currency pairs takes about 1 hour.
Most importantly, No need ever to watch a screen all week as the forecasts never fails. The trader job is set entry and target then literally proceed to live a normal life outside of markets. Once an economic announcement is released, 2 minutes after the price reaction then the announcement becomes irrelevant to the currency price path. Because the announcement is located inside the price path.
Such antithetical to the crowd concepts was develped over 16 years of trading and constant research. We know and found exactly how the exchange rate system works and how to profit. However, To quote Thomas Edison and inventor of the light bulb, we also know 1000 ways the exchange rate system fails.
Daily interest rate based trades beats all math. Weekly exchange rate preicts exchange rate trades also beats all math.
AUD represents the next currency in a series as work into currency pair combinations was completed in EUR, GBP and JPY. Next is NZD.
AUD/NZD as an exchange rate appears to fail inside the AUD cross pair lineup but AUD/NZD's purpose to AUD and to NZD is its ability as a forecast currency not only to AUD pairs but to CAD pairs in the second position, particularly AUD/CAD, NZD/CAD and GBP/CAD as the top 3 currencies. Offered against AUD/NZD is to serve the second function as a signal currency to AUD/USD and cross pairs. Overall, AUD/NZD is truly a fascinating currency pair and vital to the 28 currency pair line up.
EUR/CAD barely serves a purpose to AUD but it was added to this week's trade theme to allow 5 currency pairs to achieve perfect to near perfect entries and targets.
Trade Explanation
Trades offered are weekly. Must cross are vital levels to trade and allow traders to watch the trade to target.
GBP/CAD
Short 1.7217 and 1.7263 to target 1.7034. Must cross 1.7217, 1.7194, 1.7171, 1.7148, 1.7125, 1.7102,1.7079 and 1.7056.
Short below 1.6988 to target 1.6896. Must cross 1.6965, 1.6942 and 1.6919.
AUD/NZD
Long 1.0313 and 1.0298 to target 1.0412. Must cross 1.0319, 1.0340, 1.0361, 1.0382 and 1.0403.
NZD/CAD
Short 0.8685 and 0.8709 to target 0.8625. Must cross 0.8661, 0.8646 and 0.8637.
Short below 0.8613 to target 0.8571. Must cross 0.8589 and 0.8577.
AUD/CAD
Long 0.8961 and 0.8954 to target 0.9006. Must cross 0.8969, 0.8984 and 0.8999.
Long above 0.9014 to target 0.9044. Must cross 0.9029 and 0.9036.
EUR/CAD
Long 1.4479 and 1.4463 to target 1.4561. Must cross 1.4495, 1.4512, 1.4528 and 1.4544.
Long above 1.4577 to target 1.4642. Must cross 1.4593, 1.4609 and 1.4625.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.