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XAU/USD

Silver

5 and 10 year averages: 28 currencie

Brian Twomey Brian's Investment

Last time we visited 5 year averages, the vast majority of 28 currency pairs traded not only below but far below. The moment is here for Non USD pairs to head higher and break 5 year averages or the huge reversal is upon us. The EURUSD is the main pair to watch as it leads its counterparts by break of its 5 year and now approaches the 10 year at 1.2182.

GBP/USD and USD/CAD at 1.3252 and 1.3189 is also upon us. If both break higher and lower then GBP/JPY becomes a great long term trade higher.

AUD/USD at 0.7283 is here while NZD/USD contains another 200 pips to its 5 year.

EUR/JPY is the outlier within JPY cross pairs as it broke its 5 year average at 124.98 and next comes the 10 year at 129.00’s. Problem is 125.00’s contain many resistance points dating to 1998 at 125.27 125.59 and 125.70, then comes 126.05.

GBP/CHF as mentioned remains a great long term trade as its 5 year average is located at 1.3014. Same for AUD/CHF.

GBP/CAD remains a problem and will maintain problem status for many months in the future. EUR/CAD qualifies as the better trade. AUD/CAD remains its traditional dead mover.

GBP/NZD doesn’t have a clue which direction to take while EUR/NZD is the better trade, particularly subject to an out of control EUR/USD.

EUR/AUD is the better trade to GBP/AUD although GBP/AUD is deeply oversold from a long term basis.

EUR/GBP long term is massively overbought and is a non trade able currency pair

USD V Non USD

EUR/USD 5 year average 1.1290, 10 year 1.2182

GBP/USD 5 year 1.3252

AUD/USD 5 year 0.7283

NZD/USD 5 year 0.6805

USD/CAD 5 year 1.3189

USD/JPY 5 year 110.74, 10 year 102.19

USD/CHF 5 year 0.9822, 10 year 0.9546

JPY Cross Pairs

EUR/JPY 5 year 124.98, 10 year 129.23

GBP/JPY 5 year 146.98

AUD/JPY 5 year 80.65

NZD/JPY 5 year 75.33

CAD/JPY 5 year 84.03

CHF/JPY 5 year 112.76

CHF

EUR/CHF 5 year 1.1085, 10 year 1.1591

CBP/CHF 5 year 1.3014

AUD/CHF 5 year 0.7152

NZD/CHF 5 year 0.6683

CAD/CHF 5 year 0.7453

CAD

EUR/CAD 5 year 1.4879

GBP/CAD 5 year 1.7472, 10 year 1.7116

AUD/CAD 5 ear 0.9594, 10 year 0.9817

NZD/CAD 5 year 0.8966

NZD

EUR/NZD 5 year 1.6622

GBP/NZD 5 year 1.9521, 10 year 1.9751

AUD/NZD 5 year 1.0702, 10 year 1.1362

AUD

EUR/AUD 5 year 1.5536

GBP/AUD 5 year 1.8238, 10 year 1.8627

EUR/GBP 5 year 0.8548

Author

Brian Twomey

Brian's Investment

Brian Twomey is an independent trader and a prolific writer on trading, having authored over sixty articles in Technical Analysis of Stocks & Commodities and Investopedia.

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