Brian Twomey
Brian's Investment
This is what Fxstreet offers its esteemed viewers and exclusive to the best website bar none throughout the world.
Trade Results as Posted
GBP/CAD
Short 1.7465 to target 1.7095
Highs 1.7457, Lows 1.7196
Trade runs +269 Pips
EUR/AUD
Short 1.6597 or literally any price, Target 1.6267
Highs 1.6597, Lows 1.6421
Trade Runs +176 Pips
AUD/CHF
Long 0.6439 to target 0.6623.
Lows 0.6443, Highs 0.6527
Trade Runs +84 Pips
NZD/CAD Holdover trade from last week
Long 0.8565 and 0.8543, Target 0.8592.
Lows Friday 0.8537, Highs 0.8603
target Achieved +60 pips
Total: 4 Trades, 4 Currency Pairs, +589 Pips. This is the same old story week after week on 18 currency pairs. The trades are few but profits high.
EURAUD remains deeply overbought and miles of downside exists. The long term target is 1.5900's. The complement is deeply oversold AUD/USD against miles of upside to go. AUD/USD must achieved a minimum of 0.6758 to normalize. Note minimum. A break of 0.6815 then far higher for AUD as its upside will accelerate and EUR/AUD will begin a faster descent. EUR/USD will also assist EUR/AUD drop on a break lower at 1.1077.
Same story to AUD/CHF on a break of 0.6645 and AUD/JPY at 74.22. No love for NZD/CAD as it was part of last week's trade theme as CAD in the currency pair second position. NZD/JPY is by far the best trade NZD offers.
Long way to Friday as trades are weekly and targets yet to achieve.
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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Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.