A written, USD/CAD is best  Currency short to target low 1.2600's. Highs achieved 1.2763 and lows 1.2605 or +158 pips. At least 158 pips available as stated, on entry anywhere. Know target then entry is a breeze.
Yesterday's EUR/USD achieved target at 1.1836 and traded 1.1838. Missed entry though as stated 1.1784 never traded. However, know target then entry is a breeze.

CHF/JPY as written Sunday shorts below 119.91 to target 119.48. Target achieved and lows traded to 119.44 and + 43 pips to 119.48.

Not reported was profits on 9 NZD/EM trades and as stated Sunday, each trade target was 2 to 300 pips or easily 1800 pips at the 200 pip targets.

The 10 year yield traded 9 weekly points yet USD/JPY profit 125 pips on 85 weekly pip range. Yield are a separate entity than USD/JPY and matters none to USD/JPY moves, targets and entries. Yields are a separate entity to interest rates and in a class by themselves.

Interest rates predict yields, currencies and all financial instruments including stock markets and commodities. Using yields to predict currencies employs the market to forecast the market. This is not the proper manner as other more profitable ways exist.

GBP/CHF as usual over the last 5 weeks traded well at 132 weekly pips and beat GBP/USD at 161 pips.

GBP/NZD as 1st position traded 158 pips vs 140pips for EUR/NZD and EUR/NZD was correct in 6th position.

AUDUSD at 6th place last week was correct as AUD  traded 124 pips. AUD/USD was actually in neutral positions all week and not trade able.

NZD/USD was correct as 1st position short and the easiest trade of the week to achieve 81 weekly pips. NZD/USD will again earn 1st position shorts for next week and the easiest trade for next week. AUD will again remain a distant middle to last position.

NZD/USD last week closed 0.7146 and today trades 0.7150. Same trade will run for next week with a target at least 61 pips compared to this week's 81.

NZD/USD  81 pips is matched by DXY weekly pips at 82. NZD/USD is the most closely aligned currency to DXY and USD interest rates. No other currency compares. USD and NZD both contain 253 trade days per year and explain the 253 day average as the best marker for yearly trade days. EUR/USD trades 265 trade days as the highest trade day currency.

USD/JPY never trade far from the 109.89 target. Lows achieved 109.54 or 30 pips from target. We leave the petty trades alone.

USD/JPY next week will trade almost the exact same trade as shorts from 110.38 and 110.45 targets 109.95 without much trouble. USD/JPY overall is a dead currency and making zero weekly progress  to a significant break point and far better weekly moves.

USD/CAD and CAD/CHF so far looks long for next week however lower for both would assist the long story. CAD/JPY is the off kilter outlier to the CAD story and the same as this week.

GBP/USD and EUR/USD aligns as short for next week and both matches perfectly to NZD/USD shorts.

GBP/CAD will lead the GBP charge for next week while GBP/NZD looks  like a repeat performance as the same trade next week as this week.

GBP/AUD and EUR/AUD both threaten to break lower. Work for trades is completed on the weekends but this is the view as it stands this minute. 

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


Recommended Content

Editors’ Picks

EUR/USD holds gains near 1.0650 amid risk reset

EUR/USD holds gains near 1.0650 amid risk reset

EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets. 

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran. 

GBP/USD News

Gold price defends gains below $2,400 as geopolitical risks linger

Gold price defends gains below $2,400 as geopolitical risks linger

Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Geopolitics once again take centre stage, as UK Retail Sales wither

Geopolitics once again take centre stage, as UK Retail Sales wither

Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.

Read more

Majors

Cryptocurrencies

Signatures