USD/DKK and USD/HRK winners, USD/PLN compressed ranges

Brian Twomey Brian's Investment

For the EM week, only targets and closes were offered.

In the medium range currencies, USD/DKK and USD/HRK were clear winners with 600 and 700 pip ranges. Wide rangers USD/BRL at 800 pips, USD/TRY at 2200 and USD/ZAR at 1800 completes overall ranges. Poor performers include USD/HUF at 300 pips, USD/PLN at 300, USD/RON 300. USD/CNY at 500 pips outperformed.

To exclude wide rangers USD/BRL, USD/TRY and USD/ZAR, overall EM ranges over the past 4 and 5 weeks has been dead to performances. USD/PLN, USD/RON, USD/BRL, USD/DKK and USD/HRK should trade minimum 1000 pip weekly ranges. USD/HUF at 300 pips should trade easily 6 and 700 pip ranges.

USD/DKK, USD/HRK and USD/CNY all contain a 6.000 exchange rate and essentially are the same currency pairs under the banner of a different nation yet movements are exactly the same. Together, all offer 3 of the exact same trades.

USD/BRL close 5.2374, targets 5.3975.

Highs 5.3184.

USD/CNY Close 6.4325, target 6.4681.

Highs 6.4570, Lows 6.4070.

USD/DKK Close 6.1137, target 6.1650.

Highs 6.1627, Lows 6.1038.

USD/HRK Close 6.1941, target 6.2573.

Highs 6.2402, Lows 6.1796.

USD/HUF Close 294.70, target 298.59.

Highs 296.51, Lows 293.44.

USD/PLN Close 3.7426, target 3.7633 and 3.7727.

Highs 3.7734, Lows 3.7355.

USD/RON Close 4.0503, target 4.0715,

highs 4.0846, Lows 4.0446.

USD/RUB Close 73.79, target 74.70 and 74.96.

Highs 74.68, Lows 73.56.

USD/TRY short 8.2818 and 8.3155, target 8.1470.

Actual 8.2919, Lows 8.2172 +800 pips.

USD/ZAR Close 14.0593, target 14.1871.

Highs 14.1430, Lows 13.9577.

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.

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