Brian Twomey
Brian's Investment
EUR/USD as written achieved perfection at 1.1829 then dropped. EUR/USD 1.1883 is next. Welcome to EUR day.
EUR/CHF touched 1.1712 then reported 1.1773 target achieved 1.1769. EUR/AUD had to trade to 1.1559, it did then traveled to 1.5489.
The cautious EUR/NZD at 1.7021 achieved 1.6931 but failed to mention 1.6885 as the further downside target and this applies to EUR/CAD and EUR/AUD downside as well. Zero traction to EUR/GBP's downside as it maintained a 50 pip range. Higher for EUR/GBP will allow another short. Downside target remains 0.8663.
EUR/GBP remains years later, a severe problem pair and this will continue. We'll take the quick 100 pip trades as break points materialize but never for longer term holds. Above 0.8800's becomes untouchable but allows for a long term 100 ish pip short.
AUD/USD as written traveled 100 pips so far as its break point at 0.7628 is here. A break higher then 0.7811 becomes the target.
Failure to consult my notes for downside targets but overall, I manage everyday 10 and 15 currency pairs and added to another 9 posted amounts to 25 pairs. People win awards for far less than my overall trade performance.
EUR/JPY failed to report purposefully as 129.00's to 132.00's was reported ad nauseam for to long and it held as written. EUR/JPY break point is now 131.42 to target 132.00's. USD/CAD, same story since March ranges 1.2700;s to 1.3000's. CAD break point today is 1.2763.
EUR/USD ranges are 1.1702 to 1.2002 and 1.2002 dropped 16 pips from 1.2018 Sunday. A drop on a higher EUR/USD warns a break higher is coming. A 1.2018 rise would warn to only correction.
GBP/USD break point now 1.3664 and a 9 pip drop since Sunday. Watch GBP/JPY break point at 149.62.
AUD/JPY sits above supports at 83.54 and 84.31. NZD/JPY from current 77.10 faces break points above at 77.27 and 77.72. An AUD/JPY correction will see GBP/JPY moving higher again.
USD/CHF 0.9930 holds CHF longs for now. USD/JPY still waiting for the first break at 110.33 to travel lower. NZD/USD break now 0.7057.
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.
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