11 Weekly Trades: EUR/USD, CHF/JPY, NOK, SEK, EUR/JPY, GBP/NZD, GBP/AUD, GBP/ZAR, USD/CHF, EUR/AUD, CHF/JPY

This week's trades are again based on solicitations and the 11 currency pairs are as follows: CHF/JPY, GBP/NZD, GBP/AUD, GBP/ZAR, USD/NOK, USD/SEK, USD/CHF, EUR/USD, EUR/JPY, EUR/AUD, EUR/NZD.

Normally, EUR/USD lacks trade consideration due to the ECB's new STR interest rate introduced last October and result to 100 pip EUR weekly ranges. Same status to  50 and 100 pip weekly movements for USD/CHF but USD/CHF overall remains its normal dead range currency. USD/CHF should and eventually will trade a 1.000 handle.

USD/NOK, USD/SEK and GBP/ZAR contain miles upon miles of downside as all trade at the top of a 20 year range and all medium to long term are far, far overbought. Sell strategies is the way for many months in the future until at least 2000 pip targets achieve destination. USD/NOK at 9.0000's should trade an 8.000 exchange rate, lower 9.0000's for USD/SEK and GBP/ZAR from 19.0000's should trade to 18.0000's.

Good weekly trade choice for CHF/JPY as it begins the week in deep overbought against a 200 pip downside target. CHF/JPY is the exact same pair as USD/JPY which means its a USD currency. USD/JPY is massively overbought and complies to overbought CHF/JPY.

For EUR/JPY nothing special this week and this applies to all JPY cross pairs although GBP/JPY is a special currency pair in its own category within the JPY cross pair lineup. Lower this week for USD/JPY, CHF/JPY and JPY cross pairs.

EUR/AUD and GBP/AUD overall contains much downside not only from GBP but against deeply oversold AUD. Higher AUD will assist EUR/AUD and GBP/AUD downside. EUR/AUD however has been and may always remain a sell strategy as 1.5900 target awaits.

EUR/NZD was in full compliance mode to last week's 300 pips and straight up. EUR/NZD forced higher in GBP/NZD as deep divergence was seen. This week, both are in compliance.

EUR/USD

EUR/USD prices will again trade normally.

Long 1.0841 and 1.0828 to target 1.0946.

Must cross 1.0867, 1.0892, 1.0917 and 1.0942. Long above 1.0971 to target 1.1073. Must cross 1.0996, 1.1021, 1.1046 and 1.1071.

USD/CHF.

Long 0.9743 and 0.9724 to target 0.9781. Must cross 0.9762. Long above 0.9801 to target 0.9876. Must cross 0.9838.

EUR/JPY

Short 12.21 and 120.99 to target 120.24. Must cross 120.89, 120.78, 120.67, 120.56, 120.45 and 120.34.

Short below 120.14 to target 119.26. Must cross 120.03, 119.92, 119.81, 119.70 , 119.59, 119.48 and 119.37.

CHF/JPY

Short 114.28 to target 112.04. Must cross 113.71, 113.42, 113.13, 112.88, 112.59 and 112.30.

GBP/AUD

Short 1.9585 and 1.9626 to target 1.9199. Must cross 1.9544, 1.9503, 1.9442, 1.9421, 1.9380, 1.9339, 1.9298, 1.9257, 1.9216 and 1.9175.

GBP/NZD

Short 2.0401 and 2.0433 to target 2.0045. Must cross 2.0369, 2.0305, 2.0272, 2.0240, 2.0208, 2.0176, 2.0080 and 2.0048.

Short below 2.0013 to target 1.9884. Must cross 1.9981, 1.9949 and 1.9917.

EUR/AUD

Short 1.6383 and 1.6361 to target 1.6240. Must cross 1.6361, 1.6339,1.6273 and 1.6251.

Short below 1.6229 to target 1.6185. Must cross 1.6225 and 1.6207 .

EUR/NZD

Short 1.7112 and 1.7136 to target 1.7018. Must cross 1.7089, 1.7066, 1.7043 and 1.7020.

Short below 1.6995 to target 1.6807. Must cross 1.6972, 1.6949, 1.6926, 1.6903, 1.6880.

USD/NOK

USD/NOK is a much better trade than USD/SEK.

Short 9.3162 and 9.3446 to target 9.2033. Must cross 9.2593. longer term target 8.4047 on a break at 9.1460, 9.0306. shirt entry just ahead of 1.3732.

USD/SEK

Short 9.7315 and 9.7405 to target 9.6594. Must cross 9.7135, 9.6955 and 9.6775. Longer term target 9.0188 on a break of 9.6414 then 9.5047, 9.2345 and 9.0966.

GBP/ZAR

Short 19.4643 and 19.4833 to target 19.2580. Must cross 19.4456, 19.4269, 19.4082 and 19.3331.