Brian Twomey
Brian's Investment
Trades and results as posted listed below for USD/PLN, USD/BRL and USD/HUF. I encourage all traders to incorporate PLN within their overall currency trade plan as PLN is not only a terrific pair but it moves really well. HUF and Ron run a close second as next choices.
USD/PLN
Short 4.2564 to target 4.0730
Highs 4.2509 Lows 4.1646
Trade Runs +863 pips
Long way to target
USD/HUF
Short 339.84 and 342.12 to target 319.68
Highs 339.02, Lows 331.04
Trade Runs +798 pips
Long way to target
USD/BRL
Short 5.3658 and 5.3903 to target 4.9501.
Highs 5.3544, Lows 5.2248
Trade Runs +1296 Pips.
Long way to target
Assistance to this trade was USD/BRL gapped down 500 pips
3 trades runs +2957 pips. Add 4 NZD trades at 553 pips then total for 7 trades factors as +3510 pips.
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 steadies above 1.0600, awaits German ZEW and Powell speech
EUR/USD is holding above 1.0600 in the European morning on Tuesday, having hit fresh five-month lows. The pair draws support from sluggish US Treasury bond yields but the rebound appears capped amid a stronger US Dollar and risk-aversion. Germany's ZEW survey and Powell awaited.
GBP/USD stays below 1.2450 after UK employment data
GBP/USD trades marginally lower on the day below 1.2450 in the early European session on Tuesday. The data from the UK showed that the ILO Unemployment Rate in February rose to 4.2% from 4%, weighing on Pound Sterling.
Will Gold reclaim $2,400 ahead of Powell speech?
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SOL primed for a breakout as it completes a rounding bottom pattern
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Key economic and earnings releases to watch
The market’s focus may be on geopolitical issues at the start of this week, but there is a large amount of economic data and more earnings releases to digest in the coming days.