Brian Twomey
Brian's Investment
GBP/NZD Weekly Trade As Posted
Long 1.9090 and 1.9067 to target 1.9353
lows 1.9113, off 23 pips Highs 1.9320
trade from 1.9113 Ran +207 pips
GBP/CHF
Long 1.1749 and 1.1728 to target 1.1899
Lows 1.1759, Highs 1.1920
Trade ran from 1.1759 to target +140 pips
GBP/CHF
2nd leg
Short 1.1899 to target 1.1791
Highs 1.1936, Lows 1.1809
Trade Runs from 1.1899 +90 pips
2 GBP/CHF trades +238 Pips
GBP/NZD +207
3 trades total +445 pips
CHF/JPY
Short 114.21 and 114.21 to target 113.27.
Monday 114.36 Highs, Lows 113.86
113.27 remains target
USD/CHF
Long 0.9367 and 0.9354 to target 0.9485.
Tuesday 0.9367 to 0.9391
0.9482 remains target.
Neither USD/CHF nor CHF/JPY are actively traded pairs due to dead range movements. The week is young with 3 trade days remain until Friday.
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
AUD/USD risks a deeper drop in the short term
AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Bitcoin price shows strength as IMF attests to spread and intensity of BTC transactions ahead of halving
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Is the Biden administration trying to destroy the Dollar?
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.