TRENDING:

XAU/USD

EUR/USD

Overall FX markets are trading in 150 and 200 pip ranges between vital averages

Brian Twomey Brian's Investment

From FX weekly, CHF//JPY targets easily 168.44 while lows traded to 168.83. CHF/JPY opened the week at 170.13, traded highs to 170.24 then dropped to 168.83 for +130 pips. GBP/JPY from 183.70 traded to lows at 182.74 for +96 pips. USD/JPY target at 142.93 traded to lows at 143.42 from 144.59 for +117 pips.

The 3 trades offered from FX Weekly total 300 pips in the 3rd week of neutral and range markets. Overall FX markets are trading in 150 and 200 pip ranges between vital averages.

No breakouts nor breaks of significant averages are seen for next week yet breaks at significant averages are required for markets to move again. FX includes EM currencies as neutrality exists across all EM currencies.

Next week

The only trades available next week are deeply overbought USD/JPY and JPY cross pairs. JPY cross pairs includes most EM currencies as EM/JPY.

Targets

USD/JPY break 145.06 targets 144.40.

GBPJPY Target 183.83 easy.

EURJPY 158.31.

CHFJPY 169.41.

CADJPY 108.13.

NZD/JPY 89.50.

AUD/JPY 96.44.

SGDJPY Targets 108.74, 108.57, Break 108.40 then lower.

CNYJPY 20.24.

HUF/JPY 0.4161.

NOKJPY 13.8659.

PLNJPY 36.2426.

RONJPY 31.8235.

SEKJPY 14.0360.

GBP/AUD and EUR/AUD vital levels at 1.9003 and EUR/AUD 1.6406 decides trades for next week. Short is best trades for GBP/AUD and EUR/AUD. GBP/AUD targets 1.8882 easily.

GBP/NZD and EUR/NZD trade in the same predicament as GBP/AUD and EUR/AUD. Vital levels GBP/NZD 2.0484 and EUR/NZD 1.7686. GBP/NZD targets 2.0326

EUR/USD trades the same 3 week story to ranges from 1.0889 and 1.0893 to 1.1060.

GBP/USD trades overbought from 1.2592 and 1.2612 to 1.2786. The 5 year average is located at 1.2832.

AUD/USD trades 0.6638 to 0.6779 and NZD/USD 0.6158 to 0.6284.

USD/CAD 1.3442 for higher. Short is the way to target high 1.3200's.

GBP/CAD trades deeply overbought to match the GBP universe except for range to GBP/CHF.

EUR/CAD trades overbought and targets 1.4643.

EUR/CAD and GBPCAD both lack range ability.

EUR/CAD vs SPX 500

The SPX targets at low 4500's trades when EUR/CAD trades below 1.4500's.

USD/CHF and CHF cross pairs trade oversold however nothing special exists to CHF.

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.

AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

160.00: USD/JPY back near intervention territory after upbeat US jobs report

US Nonfarm Payrolls beat expectations by a wide margin in May, with 172K jobs added. The US Dollar rebounds after the release, helping USD/JPY recover from its intraday lows. Warnings from Japanese authorities continue to limit upside potential near the 160.00 threshold.

Gold targets $4,300 amid stronger Dollar

Gold faces increasing selling interest and navigates the area of three-month lows near the $4,300 mark per troy ounce on Friday. The precious metal’s decline comes as traders assess the stronger-than-expected NFP, while the bid bias in the Greenback and higher US Treasury yields also collaborate with the retracement.

Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

Fed Chair Warsh’s first meeting approaches as key US inflation data could reshape expectations. Oil prices remain elevated as US-Iran talks continue; tariffs also return to the spotlight. ECB is expected to hike; will it be a one-off move or is July live?

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.