Yesterday's EUR/USD target at 1.0627 traded to 1.0592. Lows achieved 1.0494. We knew this Sunday as the low point was reported at 1.0495.
EUR/USD total range traded yesterday 98 pips. EUR/USD achieved 1.0592 at the 12:00 hour, known historically and famously in Canada as Noon day.
Long entry was anywhere as the only question was how much money was inteded to earn yesterday. Longs from 1.0494 profit was 98 pips. Entry at 1.0582 profit was 10 pips.
Today's EUR/USD target 1.0610 and 1.0615. Drops are covered for profits as well. It doesn't matter where EUR/USD trades as profits are covered continuously.
The profit and target train never stopped here in 10 + years. Added by request to 24 hour trades was GBP/CHF, AUD/CHF, SPX500 and WTI. For SPX and WTI was also added weekly trades.
USD/JPY traded to 129.79 and below USD/CAD. Yesterday's USD/CAD target from 1.2986 traded to 1.3035. Yesterday written 1.3044. Quick 50 pips for doing nothing. Current USD/JPY 130.37 Vs USD/CAD 1.3013 are both in the FX battle for supremacy. USD/JPY has the edge currently as it contains the higher exchange rate. The edge? Right at 20 ish pips.
Today's USD/JPY and USD/CAD share a tightly bound relationship. USD/JPY 129.71 matches USD/CAD 1.3069. USD/JPY 130.69 matches USD/CAD 1.3069.
How about USD/JPY yield spreads and 4 hour charts. Its the road to purgatory.
Due to the tightly bound relationships to currency prices, all currencies are married. For example, Por Ejemplo in espanol, GBP/JPY 160.26 = EUR/JPY 137.06. EUR/JPY 138.44 = GBP/JPY 161.88.
EUR/USD 1.0592 = NZD/USD 0.6352. GBP/USD 1.2386 = AUD/USD 0.6986. AUD/USD 0.7004 = NZD/USD 0.6368.
EUR/USD and NZD/USD share a top and bottom position. AUD/USD and GBP/USD are related by positions as middle currency pairs.
Yesterday GBP/USD traded 146 pips Vs AUD/USD 125, AUD/CHF 116. USD/JPY traded 124 pips to USD/CAD 113.
AUD/USD traded to lows at 0.6906 and targets 0.6881 and 0.6853 are close. EUR/USD target at 1.0800's from 1.1500' s traded an extra 300 pips lower. GBP/USD traded 300 pips lower than its targets. AUD/USD was responsible as AUD/USD was yet to compkete its targets.
Once AUD/USD completes its destination then 0.7300's will eventually trade.
Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.
Recommended Content
Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.