CAD/CHF as written Sunday, Long Anywhere or 0.7225 to target 0.7276. CAD/CHF yesterday traded straight to 0.7288 for + 46 pips from 0.7230. CAD/CHF dead stopped for the day at 0.7299.

CAD/JPY Long Anywhere or 86.46 to target 87.19. CAD/JPY traded straight up to 87.07 or 52 pips.

Deeply overbought USD/CAD traded to 1.2637 lows or 51 pips and tracking with CAD/JPY. USD/CAD achieved highs at 1.2794 and trade instruction to short anywhere.

CAD/CHF now decides in a do or die situation to break above 0.7293 to higher targets at 0.7318 or trade to 0.7253 as written Sunday.

CAD/JPY also must decide to break above 87.38 to target 87.81 or trade lower to 86.88. As written, CAD/JPY achieved lower target at 86.88.

CAD/CHF 0.7293 and CAD/JPY 87.38 are crucial points to USD/CAD lower and higher targets to CAD/CHF and CAD/JPY. USD/CAD remains overbought and targets easily 1.2601.

CAD/CHF 0.7230 and USD/GBP 0.7234 held CAD/CHF and USD/GBP higher which translates as CAD/CHF higher and GBP/USD higher, USD/CAD lower. GBP/USD achieved highs for the week at 1.3882. As USD/CAD trades short, GBP/USD traveled long.

USD/JPY as written Friday, same trade as last week by short 110.36 and 110.42 to target 109.82. Never much happening here to USD/JPY. Watch those yields.

CAD/EM and G28 as CAD/JPY and CAD/CHF traded higher to include vital currency and severely overbought CAD/ZAR. CAD/ZAR higher as the perfect opposite to EUR/USD explains lower EUR/USD for the week to achieve 1.1769 lows.

EUR/USD big break is located at 1.1866 and day trade top today is located at 1.1871. EUR/USD shorts today are located at 1.1856 to target 1.1818.

AUD/USD vs AUD/EUR

AUD/USD trades below rising line at 0.7439 and AUD/EUR trades below vital 0.6268 or EUR/AUD 1.5954. Both AUD/USD and AUD/EUR are correct to positions as well as EUR/AUD.

EUR/AUD at 1.6100's begins overbought while AUD/EUR at lower 0.6200's and higher 0.6100's starts oversold. Higher EUR/AUD then short and long AUD/USD and AUD/EUR.

Target trading begins almost year 10 since 2011 and 2012. Triangulation trades or trade of 3 currency pairs contains many, many examples on my blog for interested. The trade of 3 pairs to triangulate allows a deeper view to price targets and lends much confidence and profits to trades with understanding to how and what is traded.

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.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD drifts down toward 1.17 as mood worsens

EUR/USD is trading closer to 1.17, off the highs. Concerns about Chinese giant Evergrande's troubles return to weigh on sentiment, supporting the safe-haven dollar ahead of the PBOC and Fed meetings on Wednesday. 

EUR/USD News

GBP/USD falls toward 1.3650 on fresh dollar strength

GBP/USD is retreating back toward 1.3650 as the dollar reasserts itself. Fears that the crisis in China's Evergrande could turn into a more significant downturn have resumed. Central bank decisions are awaited.

GBP/USD News

Gold: Further advances depend on the Fed

A better market mood put pressure on the American currency. The US Federal Reserve will announce its monetary policy decision on Wednesday. Gold advanced for a second day in a row, but additional gains are in doubt.

Gold News

Alts rebound while Bitcoin tends to its wounds

Bitcoin price suffered a brutal setback as it dropped from being extremely close to a crucial psychological level to slicing through a stable support floor.

Read more

PBoC September Preview: Will policymakers step in to ease Evergrande fears?

People’s Bank of China (PBoC) will announce monetary policy decisions on September 22. Financial markets remain restless amid ongoing Evergrande crisis. PBoC could lower RRR further to support economy. 

Read more

Majors

Cryptocurrencies

Signatures