EUR/USD and G10: Levels, Ranges, Targets

Brian Twomey Brian's Investment

AUD/USD traded to 0.7812 and 4 week target remains 0.7836. AUD/JPY from mentioned RBA long at 83.06 and target 83.75 traded to 83.94 for an 88 pip gain although as stated the trade failed to meet the continued now 5 week + 100 pip trade criteria. Watch AUD/JPY 84.29.

The educational note in 35+ currency pairs traded and + 3,000 pip achieved targets is other market prices were completely irrelevant. Other market prices are and will remain irrelevant. CAD and OIL for example is not the way to trade or view CAD as every currency pair price trades on their own and doesn'tneed assistance from another price in any market instrument.

Overall point to note in our currency pairs is while close to + 100 pips targets, currency prices failed to trade to 100 pips or better. USD/CAD traded 105 pips as well as EUR/CAD and GBP/CAD. What CAD offered was shorts. What the overall G 10 market offered as mentioned was barely 100 and 150 pip ranges.

GBP/CAD held below 1.8038 and offered another short for interested. EUR/CAD offers another short and view breaks at 1.5541 and 1.5526 for shorts to gain downspeed to 1.5470's then below to 1.5300's GBP/CAD remains for target at low 1.7800's to high 1.7700's.

USD/CAD shorts below 1.2575 and 1.2647. CAD direction as mentioned remains short.

EUR/CAD twice achieved + 80 pips on the shorts but for ulterior motives I remain and will remain short. The overall EUR/CAD question is how strange and to what degree does strangeness achieve. EUR/CAD remains literally exorbitantly overbought.

AUD/NZD's 4 week and miserable trade ended and as mentioned exit was taken at 1.0668 for + 70 ish pips and just ahead of its vital break point at 1.0700's. A break higher at 1.0700 than AUD/NZD higher. Overall AUD/NZD will eventually trade to 1.0900's but patience required.

Encouragement to learn and trade USD/PLN as PLN is and always was a terrific currency pair. On paper, PLN appears a monster currency pair but its not as it trades smooth and responds to targets perfectly. Entry at 3.3630 achieved +80 pip overnight target at 1.3719.

EUR/JPY watch 133.11, it held yesterday at 132.90 and today's high at 133.09. Massive resistance exists at 133.30 and 133.33. Short only is the way above 133.11. A Forex God, market gift exists for EUR/JPY to trade to 134's, 135's.

Ongoing trades remain only in short EUR/CAD and GBP/CAD. GBP/CAD was the only non perfect trade as entry was off but chances to load shorts. AUD/NZD's 4 week entry was slight off as well but it offered chances to load longs. Targets were known, prices informed to trade the price.

Again target first then allows to trade the price.

EUR/AUD from last month's post and 1.5738 target from 1.6191 achieved 1.5776 lows and more downside exists.

From yesterday, GBP/JPY dead stopped at 152.09 and as mentioned GBP/JPY had to trade back to 152.76 and it traded to 152.68. GBP/USD mentioned had to trade back to 1.4233 from 1.4172 lows and it traded to 1.4246.

USD/JPY 2 weeks ago reported break point to travel higher at 107.85 and last week 107.95. Today 108.05 is the break point as 107.85 traveled higher as USD/JPY approached its break point.

EUR/USD dead stopped perfectly at our 1.2399, above then target to 1.2431. Bottom 1.2337 and 1.2321 will hold EUR from further downside today.

GBP/USD target today is located at 1.4264 on a break of 1.4231.

GBP/JPY target today is located at 153.23 on break of 152.87.

After 5 weeks and 35 + different currency pairs traded and + 3500 ish pips, the end is here once GBP/CAD and EUR/CAD completes targets.

Overall 1 month goal was trade 30 different currency pairs and + 3,000 pips. I surpassed the goal by many miles. Next possible is trade to targets up and down 3 and 5 curreny pairs.

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.

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD hits three-day peaks, targets 1.3700

GBP/USD is clocking decent gains at the start of the week, advancing to three-day highs near 1.3670 and building on Friday’s solid performance. The better tone in the British Pound comes on the back of the intense sekk-off in the Greenback and despite re-emerging signs of a fresh government crisis in the UK.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.