Weekly trade results: EUR/USD, GBP/CAD, EUR/JPY

Brian Twomey Brian's Investment

EUR/USD

Short 1.1288 and 1.1312 to target 1.1166.

Highs 1.1372, off 60 pip bonus, Lows 1.1258

Monday Highs 1.1345 Lows 1.1258 +87 pips

Forced to add Lot on rare EUR miss entry, rare day for EUR means either break even on entry 1.1288 and 1.1312 or profit Today lows 1.1255, means +57 pips so far to original entry 1.1312.

if held to target from add lot at 1.1372 then +117 pips Weekly Close as of this day 1.1204 expected

GBPCAD

Long 1.6882 & 1.6867 to target 1.7012.

Lows 1.6887, Highs 1.7012 Target achieved +26 Pips

2nd Leg

Long above 1.7030 to target 1.7162.

Lows 1.7030, Highs 1.7166 Target achieved 1.7162 and +136 Pips

2 Trades + 162 pips

EURJPY

Short 121.05 and 121.23 to target 120.25.

Highs 121.97, Lows 120.26 Entry off 74 pips, rare day for EUR/JPY Despite missed entry, target achieved today at 120.26, missed by 1 pip

Add lot Monday at 121.97, Lows 121.14 +83 pips and exit at break even from 121.23 That's 1 option

2nd Option hold to target from 121.97 and +171 pips

3rd Option hold to 121.05 and 121.23 at Break Even then exit

4th Option hold to profit Overall GBPCAD +162 pips, EURJPY 171 pips and EUR/USD +117 pips and running 3 trades +450 pips

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.

EUR/USD keeps the rangebound trade near 1.1850

EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.

GBP/USD trades with negative bias, eyes 1.3600 ahead of UK jobs data

The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and holds above the 1.3600 mark through the Asian session on Tuesday. Traders now look forward to the release of the UK monthly jobs report, which will influence the British Pound and provide some impetus to the currency pair.

Gold sticks to a negative bias below $5,000; lacks bearish conviction

Gold remains depressed for the second consecutive day and trades below the $5,000 psychological mark during the Asian session on Tuesday, as a positive risk tone is seen undermining safe-haven assets. Meanwhile, bets for more interest rate cuts by the Fed keep a lid on the recent US Dollar bounce and act as a tailwind for the non-yielding bullion, warranting caution for bearish traders ahead of FOMC minutes on Wednesday.

AI Crypto Update: Bittensor eyes breakout as AI tokens falter

The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.

US CPI is cooling but what about inflation?

The January CPI data give the impression that the Federal Reserve is finally winning the war against inflation. Not only was the data cooler than expected, but it’s also beginning to edge close to the mystical 2 percent target. CBS News called it “the best inflation news we've had in months.”

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.