Month: June 2020

First the weekly trade and results then today’s day trade for EURUSD. Note weekly target 1.1158 and day trade last point at 1.1159.

Purpose of day trade is profit extra pips while waiting for weekly targets and/ or to benchmark day trades to weekly targets. Allows for continuous price knowledge and price location and to profit while waiting for targets. A perfect complement to each other. Today’s benchmark is 1.1158 target and 1.1159 day trade last point.

Day trades allows for multiple longs and shorts rather than 1 trade then exit and forget. Never to waste a traded pip when profit is available. Its a matter of choice and lifestyles for traders to just trade the weekly trades and targets or to watch screens to profit for extra pips.

Each Day trade Point represents an interest rate converted to exchange rates and offered daily by each central bank. All central banks and sophisticated fx traders using fast computers employ my day trade and interest rate methods. Better stated, Me and my group trade by central bank interest rate methods as I learned how central banks trade day trades.

Impossible to lose to trade interest rates for day trades as every point is known in advance before the first trade is considered. Day trade methods turns traders into ping pong players rather than traders.

How exact are my methods is to watch day trade points and price struggles to break and watch price rest at vital levels. Object is trade at significant point breaks or long bottoms and short tops and follow vital points to trade conclusion.

The weekly trade currently runs 84 pips and trade to target is expected to profit 136 pips. Day trades are traded twice daily so as of this moment we had 4 rounds of day trades. We added on day trades alone about an extra 100 ish pips easily. Depends on the trader and personal style and screen time ability.

Sophistication is seen in weekly entries and targets but not day trade by interest rates. Its all numbers as we trade numbers and not charts, fibs or ulterior trade methods.

Weekly Trade

EURUSD

Short 1.1294 and 1.1321 to target 1.1158.
Highs 1.1287, lows 1.1203
Trade Runs +84 pips.

Day Trade Points

1.1159, 1.1173, 1.1176, 1.1187, 1.1189, 1.1206 , 1.1214, 1.1218, 1.1223, 1.1231, 1.1237, 1.1244, 1.1258, 1.1266 and 1.1273

Brian Twomey

Overall, GBP prices are low and depressed and off kilter to counterparts EUR, AUD and NZD. GBP/CAD is the defining currency pair to represent not only overall current market direction and the main currency market pairs, USD/CAD V GBP/USD. GBP/CAD informs it doesn’t have a clue to GBP nor USD/CAD direction and for weeks remained on the low rank and non trade able list of 20 + currency pairs. It adds to severely overbought and non trade able EUR/GBP.

Counterparts NZD/CAD contains a top 100 pip higher at 0.8800’s, AUD/CAD trades at target in 0.9300’s and EUR/CAD target at 1.4939. Until GBP/CAD corrects itself, EUR/CAD offers many future weekly shorts.

Weekly Trades

EUR/USD

Short 1.1294 and 1.1321 to target 1.1158.
Short below 1.1131 to target 1.1022
Long 1.1022 to target 1.1077
1.1158 to target 1.1212

GBP/USD

Long 1.2293 and 1.2278 to target 1.2483.
Long above 1.2514 to target 1.2608
Short 1.2608 to target 1.2545
short 1.2483 to target 1.2386

EUR/CAD

Short 1.5398 and 1.5416 to target 1.5231. Watch 1.5250.
Long 1.5231 to target 1.5305.

Brian Twomey

Friday June 26, 2020

Working towards perfection

EURUSD 1.1162 Result 1.1215 off 53

GBPUSD 1.2333 to 1.2364 Off 4 pips

AUDUSD 0.6820 Result 0.6860 off 40

NZDUSD 0.6405 Off 13

EURJPY 120.04 to 119.72 off 20 pips

GBPJPY 132.42 to 132.66 off 24

USDJPY 106.95 to 107.09 off 10 pips

USDCAD 1.3596. Don’t bank on this number. Don’t trust Correct 1.3682

AUDPY 72.91 to 73.28 off 26 pips

NZDJPY 68.69 Off 12 pips

GBPCHF 1.1726 to 1.1745 off 40 pips

AUDCHF 0.6489 to 0.6515 off 6

NZDCHF 0.6105 to 0.6126 off 13 pips

EURCAD 1.5247 to 1.5227 off 107 pips

GBPCAD 1.6922 to 1.6951 off 49 pips

AUDCAD 0.9314 to 0.9335 Off 60

NZDCAD 0.8723 to 0.8749 Off 42 pips

EURNZD 1.7420 off 46 pips

GBPNZD 1.9245 off 49

CADJPY 78.55 to 78.77 off 25 pips

USDSGD 1.3850. Same pair as USD/CAD and don’t bank on this number. 1.3935 correct don’t trust

USDPLN 1.9709 to 1.9743 off 91 pips not bad for PLN 

EURAUD 1.6290 to 1.6313 off 25 pips

GBPAUD 1.8032 to 1.8073 Off 72 pips

CHFJPY 112.55 to 112.40 off 58 pips

USDMXN 22.62 to 22.43 off 61 pips

11 Currencies within 3 to 25 pips

and 10 currencies with 50 to 70 pips and

#pln off 91, dam good.

EURCAD Outlier off 107

Brian Twomey

Friday trading for most of the trading day is devoted to closing prices beginning in the 3:00 pm EST time to the actual close at 5:00. Friday trading is an alert to traders exactly how prices will trade next week and which currency pairs will serve the best profit potential. A further aspect to not only trades is the prediction to closing prices. To know a close price allows for an easy Friday day trade. Above is repeated from last week.

Last week, 16 currency trades posted to close prices and 14 were correct. GBP/JPY and GBP/CAD missed but not by much. This week, 26 pairs are forecast.

EUR/USD this week broke a long standing MA and traveled higher, 100 + pips past entry. New trade posted to short 1.1355 to target 1.1183. Lows traded to 1.1190. The original missed entry still profited 40 + pips and add a lot from 1.1349 highs profited 150 ish pips.

Posted here over years was 100’s upon 100’s of trades and profit 1000’s upon 1000’s of pips. Rare missed entries were easily repaired and profit realized. Most would’ve bailed for losses but because we know what we are doing, profits were gained. No credit expected but I say I’ve done a hell of a good job to bring much profits to traders. And never a need to ever watch charts.
Place entry and target then done for the week to freely live life. Not many can report such facts but we showed our poof week after week and year after year. All this is anti to the trading crowds but its because we constantly adjusted our math to trade, target and overall perfection. Now we bring close price forecasts as an added bonus.

Closing Prices

EUR/USD 1.1162

GBP/USD 1.2333 to 1.2364

AUD/USD 0.6820

NZD/USD 0.6405

EUR/JPY 120.04 to 119.72

GBP/JPY 132.42 to 132.66

USD/JPY 106.95 to 107.09

USD/CAD 1.3596. Don’t bank on this number.

AUD/JPY 72.91 to 73.28

NZD/JPY 68.69

GBP/CHF 1.1726 to 1.1745

AUD/CHF 0.6489 to 0.6515

NZD/CHF 0.6105 to 0.6126

EUR/CAD 1.5247 to 1.5227

GBP/CAD 1.5922 to 1.5951

AUD/CAD 0.9314 to 0.9335

NZD/CAD 0.8723 to 0.8749

EUR/ND 1.7420

GBP/NZD 1.9245

CAD/JPY 78.55 to 78.77

USD/SGD 1.3850. Same pair as USD/CAD and don’t bank on this number.

USD/PLN 1.9709 to 1.9743

EUR/AUD 1.6290 to 1.6313

GBP/AUD 1.8032 to 1.8073

CHF/JPY 112.55 to 112.40

USD/MXN 22.62 to 22.43

Brian Twomey

Long term targets are one time views to cover a period of years as targets remain until targets trade. GBP/USD target in 4 years since the Brexit vote dropped 700 pips from 1.3800;s to current 1.3100’s. The GBP/USD target dropped roughly 175 pips per year. EUR/USD target today at 1.1300’s dropped 100 pips per year from 1.1600’s.

EUR/AUD nor EUR/CAD hasn’t changed 1 pip in 3 years. GBP/JPY contains a 1000 pip target and hasn’t changed in 3 years. EUR/CAD is most overbought of all 28 currency pairs.

New to forecasts are wide range currency pairs trading at not only extreme lows but all prices sit on the floor . Wide rangers include EUR/NZD, GBP/NZD, GBP/AUD, EUR/AUD, GBP/CAD and GBP/CHF. Wide rangers EUR/NZD, GBP/NZD, GBP/AUD, EUR/AUD and GBP/CAD never contain long term targets as their purpose is to trade within massive ranges to allow lower range pairs to trade to their destinations. Wide rangers support low rangers to all possible movements.

GBP pairs are best trades over the next year while EUR/USD trades at target and EUR/JPY at 122.00 trades at target as much resistance exists before 123.00 and 124.00 targets can trade.

AUD/JPY and GBP/JPY remain the best pairs to trade in the JPY space. Nothing thrilling in regards to NZD. AUDUSD and AUD cross represent better trades and this situation hasn’t changed in 3 years.

GBP/CHF and AUDCHF remain best trades in the CHF category. EUR/CAD remains a great short trade while GBP/CAD although on the floor contains problems. NZDUSD’s problem is NZD/CAD as a lower price places its range in a terrible position to long term targets.

EUR/GBP in 3 years hasn’t changed as the recommendation over the past 3 years was stand clear and this recommendation stands today. No thrlls to USD/JPY except its price is low and deeply oversold. No views to USD/CHF nor CHF/JPY however CHF/JPY is the same pair as USD/JPY.

USD/CAD at 1.3100’s target junped 200 pips in 3 years from 1.2900’s.

Targets remain valid until traded and entries doesn’t matter. GBP/USD for example traded to 1.1500’s and the 1.3100 target remained.

Targets

EUR

EUR/USD 1.1369
EUR/JPY 122.59
EUR/CAD 1.4939
EUR/NZD top 1.7715
EUR/AUD 1.6055
EUR/GBP 0.8672 Vs massive supports at 0.8500’s.

GBP

GBP/USD 1.3198 is just the starte to potential higher
GBP/JPY 141.97 huge potential for higher.
GBP/CHF 1.2661
GBP/CAD Bottom 1.6996
GBP/NZD Bottom 1.9281
GBP/AUD Bottom 1.7714

AUD

AUD/USD 0.7192
AUD/JPY 77.60
AUD/CHF 0.7025
AUD/CAD 0.8310

NZD

NZD/USD 0.6671
NZD/JPY 71.14
NZD/CHF 0.6525
NZD/CAD Top 0.8867.

USD

USD/CAD 1.3135 and just the start to longer term potential lower
USD/JPY Lows 102.00’s, highs 109.00’s

Brian Twomey Contact brian@btwomey.com

When last forcaste WTI in March 2020, the target was 49.89 at the current price of 30.06. WTI in March was oversold at 30.00’s and deeply oversold at 20.00’s. Longs were recommended as the only way forward.

Crisis then hit the Oil patch and WTI traded to near 0. Against a 49.89 target and not expected lows at 0, a rare opportunity existed to add to longs.

As mentioned is March, The range drop informed the WTI price was off kilter to its ranges. This means ability to a wandering price. WTI wandered from deeply oversold 20.00’s to 0 and forecast by the long view from June 2019 to March 2020.

WTI’s main problem since at least June 2019 is a tiny range condition and it doesn’t have ability to trade a normal price range. Best range today is about 13 points at its maximum. USD/CHF and EUR/GBP can outperform monthly WTI in 10 minutes.

WTI traded highs at 41.21 from lows at 0 and 9 points to target.

In March, 58.59 was the must break point to target upper 60.00’s to 67.00’s. The averages since dropped from March.

Must break points are now located at 45.91, 51.58, 52.97, 53.73 and 55.38. March averages in comparison as follows: 54.33, 55.16 and 57.29. In 3 months, vital averages dropped roughly 3 points.

From current 40.96, WTI now approaches vital 45.91. From oversold in March, WTI today is fairly range bound.

Strategy moving forward is long from 32.36 and 39.77 to target 40.49, 42.66 and caution at 43.20.

A break at 55.38 is required to target 59.45, 62.67, 64.79, 66.17 and 67.55.

Brian Twomey

This week’s focus encompasses 2 interesting and vital currency pairs: GBP/AUD and USD/JPY.

GBP/AUD in March traded 2.0800’s and last week achieved 1.7900 lows. GBP/AUD at a 2900 pip drop far surpassed the allowable 2500 pip statistical boundary criteria built in for a vast majority of our 28 currency pairs.

GBP/AUD violated the 2500 pip boundary by 400 pips and sits in a massive range from 1.7700 lows to 1.9300’s. Current GBP/AUD at 1.7900’s as traded last week and 1.7700’s multi year range lows, offers an extraordinary long term long trade.

The context to a long term trade coincides to newly updated targets for GBP/USD at 1.3100’s, GBP/CHF at 1.2600’s and GBP/JPY at 141.00’s. GBP/AUD as a wide range currency pair within the GBP universe is consistent to GBP/CAD at multi year range lows at 1.6900’s.

Add the 400 pip violation to 1.7700’s offers a 1.8100’s target. The 2 big points higher must break 1.8170 and 1.8291 then GBP/AUD contains much daylight between 1.8200’s and its next significant points at 1.8400’s and 1.8500’s.

USD/JPY at current 106.00’s is again at critical 4 year lows at 105.00’s and 106.00’s. Nothing changed for USD/JPY to 105.00’s and 106.00’s bottoms as a significant bounce was seen each time 105.00’s and 106.00’s traded. Many forecasts were devoted to 105 and 106 bottoms over the past 3 years.

Current crucial lows for USD/JPY resides at 106.48, 105.98 and 105.87. USD/JPY closed at 106.84. A break of 105.87 targets 102.00 lows. Higher must break 107.66, 107.77, 107.90 then targets 108.70 easily.

Weekly Trades

EUR/USD

Short 1.1219 and 1.1241 to target 1.1138.
Short below 1.1124 to target 1.1005.
Long 1.1005 to target 1.1064.

Long 1.1138 to target 1.1212

USD/JPY

Long 106.57 and 106.68 to target 107.51.
Long 107.77 to target 108.46.
Short 108.46 to target 107.90.

GBP/AUD.

Strategy. Long 1.8028 and 1.8001 to target 1.8390

GBP/CHF

Long 1.1734 and 1.1701 to target 1.2009.
Long above 1.2057 to target 1.2151
Short 1.2009 to target 1.1922.

Brian Twomey

Friday trading for most of the trading day is devoted to closing prices beginning in the 3:00 pm EST time to the actual close at 5:00. Friday trading is an alert to traders exactly how prices will trade next week and which currency pairs will serve the best profit potential. A further aspect to not only trades is the prediction to closing prices. To know a close price allows for an easy Friday day trade.
Due to time constraints today, only 16 currency pairs are offered. Next week, all 28 currency pairs will post but actually many EM pairs may post as well.

EUR/USD 1.1218 to 1.1187.

GBP/USD 1.2418 to 1.2398

GBP/JPY 133.25 – 133.47

EUR/JPY 119.66 to 119.38

AUD/USD 0.6824 to 0.6855

NZD/USD 0.6392 to 0.6423

USD/JPY 106.95 to 107.17

USD/CAD 1.3594 to 1.3556

GBP/CAD 1.6924 to 1.6953

EURNZD 1.7490 to 1.7442

AUD/JPY 73.31 to 73.74

EUR/CAD 1.5242 1.5203

CAD/JPY 78.07 to 78.33

EUR/AUD 1.6316 to 1.6348

NZD/CAD 0.8698 to 0.8723

AUD/CAD 0.9284 to 0.9262

Brian Twomey

As usual all trades this week were winners and trade to target remains an ongoing +10 year victory story for short day trades to weekly and long term targets. And as usual, no stops, graphs, charts, god forbid no Fibs or ulterior indicators for wrong forecasts to entries and targets.

Best part to entries and targets is no screen watching as we know targets will achieve. Those days are long past and it allows for time to live life outside of markets.

For long term target example is GBP/USD. Targets in 4 years as follows: 1.3800’s, 1.3600’s, 1.3400’s and today 1.3198. All targets achieved destinations as written but all targets by Mathematical law had to achieve destinations by no other choice. GBP/USD 1.3198 will achieve it destination.

A price doesn’t know, care nor understand for example BOE stimulus, interest rate changes nor Fed stimulus, interest rate changes or Retail sales, PMI, speakers or testimony. A price could care less about Trump or Biden.

Time to 1.3198 is irrelevant. From current 1.2400’s and a 700 pip target , traders should hope for a lower GBP/USD to 1.1900’s, 1.1800 to increase profits and to not watch markets until 1.3198 trades.

Trade theme this week was bottom and top currencies, EUR/USD Vs NZD/USD. And top and bottom within universe, NZD/USD V NZD/CAD. And AUD/CAD to match NZD/CAD.

Trade and Results

EURUSD Weekly Trade As Posted
Short 1.1289 and 1.1305 to target 1.1144.
Highs 1.1353, Lows 1.1185
trade Runs from 1.1305 +120 pips
From Add lot 1.1353 +168 pips
target 1.1144 Ongoing

NZDUSD

Short 0.6481 and 0.6496 to target 0.6334.
Highs 0.6501 Lows 0.6406
trade Runs +90 pips
Trade Ongoing to target

AUDCAD

Short 0.9358 and 0.9386 to target 0.9287.
Highs 0.9427, Lows 0.9296
Perfect Target.
Trade ran +90 pips from 0.9386 and +131 from add lot 0.9427

NZDCAD

Short 0.8786 and 0.8797 to target 0.8625.
Highs 0.8800, Lows 0.8718
Trade Runs +82 pips
Trade target Ongoing

4 trades, +408 pips. As usual trades are few and profits always high and trade perfection achieved.

EURUSD Weekly Trade As Posted

Short 1.1289 and 1.1305 to target 1.1144.

 Highs 1.1353, Lows 1.1185

trade Runs from 1.1305 +120 pips

From Add lot 1.1353 +168 pips

target 1.1144 Ongoing

NZDUSD Weekly Trade As Posted

Short 0.6481 and 0.6496 to target 0.6334.

Highs 0.6501 Lows 0.6412

trade Runs +89 pips

Trade Ongoing to target

AUDCAD

Short 0.9358 and 0.9386 to target 0.9287.

Highs 0.9427, Lows 0.9296

Trade ran +90 pips from 0.9386 and +131 from add lot 0.9427

2nd Leg Short 0.9263 to target 0.9159.

Trade not triggered Yet

NZDCAD

Short 0.8786 and 0.8797 to target 0.8625.

Highs 0.8800, Lows 0.8718

trade Runs +82 pips

Trade target Ongoing

4 Trades +408 pips.

No Charts, No Graphs, No Stops, No Fibs, No Ulterior Indicators, No Screen Watching

Brian Twomey

AUD/CAD is added this week to NZD/CAD and a continuation to the NZD/USD and EUR/USD trades from last week.
AUD/CAD from the 0.9328 close sits on solid supports at 0.9263, 0.9231 then 0.9138. Massive resistance begins at 0.9474 , 0.9533, 0.9549 and 0.9594. Overall, 0.9263 to 0.9474 and 0.9533. A break of 0.9533 is required to target 0.9600’s and 0.9700’s.

But not this week as lower prices are expected.

NZD/CAD is deeply overbought while AUD/CAD sits at fairly neutral readings. AUD/CAD supports reside at 0.9263 and 0.9231 while NZD/CAD requires a break at 0.8730 and 0.8706 to target lower prices as expected for the week.

For EUR/USD and NZD/USD this week, we maintain continuation to overall short trade however also offered are multiple trades for each currency pair.

Trades

EUR/USD

Short 1.1289 and 1.1305 to target 1.1144.

Short below 1.1112 to target 1.0983.

Cautious long at 1.1144 to target 1.1241.

Short 1.1241 to target 1.1176.

NZD/USD

Short 0.6481 and 0.6496 to target 0.6334.

Short below 0.6318 to target 0.6253.

Long 0.6253 to target 0.6401.

Cautious long 0.6334 to target 0.6416

Short 0.6416 to target 0.6351.

NZD/CAD

Short 0.8786 and 0.8797 to target 0.8625.

Short 0.8602 to target 0.8533.

Long 0.8533 to target 0.8579.

Cautious long 0.8625 to target 0.8694.

Short 0.8694 to target 0.8625.

AUD/CAD

Short 0.9358 and 0.9386 to target 0.9287.

Short 0.9263 to target 0.9159.

Brian Twomey

As posted Tuesday for the S&P’s
1. Long Red Candle Imminent. It happened Thursday.
2. Top and short at 3233.99, dropped today from 3223.44.
3. Target 2736.59 and 2661.62
4. Must break 3054.55, 2913.95 and 2845.35.
5. Lows 2999.14
6. 200 points to target
6. Trade runs +224 Points
S&P’s only offers normally 1, 2 pr even 3 big trades per year and upon review, we hit every big trade since 2018. As posted for inspection.

EUR/PLN As Posted May 31

Long 4.4267 and 4.4114 to #target 4.4498.

Lows 4.3718 Highs 4.4498

Target achieved

Trade Ran +384 Pips from 4.4114 and +780 pips from 4.3718

Forced to add 1 Lot and trade duration extra 3 days

2nd Leg

Long 4.4574 target 4.4957.

Highs 4.4850

Trade runs +276 Pips

3rd Leg

Short 4.4957 to target 4.4766.

EUR/USD

Short anywhere or 1.1304 and 1.1326 to target 1.1063.

Highs 1.1422, Lows 1.1274

Entry off 96 pips, and profit 52 pips

Strategy: EUR/USD began last week and this week in deep overbought. EUR/USD remains deeply overbought. We maintain a short only strategy until target achieves.

I’m looking for today’s close around 1.1230’s. This means take profit for interested at 96 pips upon 1.1230’s close.

Add additonal lot at significant overbought highs at 1.1400’s then profits will be significantly higher.
Day trade shorts today at 1.1357 and 1.1349 to target 1.1243 and 1.1259 until 10:00 am EST. Significantly lower for EUR/USD may wait until after 10:00 am.

NZD/USD

Short anywhere or 0.6543 and 0.6518 to target 0.6293.

Highs 0.6584, Lows 0.6394

Entry off 41 pips, Profit +49 pips.

A perfect neutral or uncertain price market.

Looking at close today around 0.6373.

Strategy. Maintain short strategy until target achieves particularly when upper end currency EUR/USD is overbought as well as NZD/CAD.

NZD/CAD

Short anywhere or 0.8747 and 0.8759 to target 0.8568, caution 0.8594.

Highs 0.8795, Lows 0.8714

Entry off 36 pips, Profit 45 pips from 0.8759.

Neutral or uncertain price market.

Strategy. Maintain shorts until target achieves. I’m looking at close around 0.8640 and this means + 100 ish pips for interested.

Overall, EUR/USD, NZD/USD and NZD/CAD began the week overbought and maintained overbought status all week. Worst trading market is overbought prices to trade more overbought or oversold to oversold because it forces add a lot and possible extra day or 2 until target achieves But add additional lot also means quicker profits from 2nd lot and either break even on 1st lot or hold both lots to target.

If 1 lot was added to EUR/USD at 1.1421 highs, profit today is +142 pips and +52 pips on the 1st lot for total 194 pips.

Brian Twomey

Most important  interest rate is commercial paper because its a maximum rate of 270 days. Its shortest term rate and changes daily.  Fed Funds rate is a secondary rate compared to commercial Paper. Commercial paper rates are used to build yield and interest rate curves due to Commercial Paper as a primary rate.

Watch Commercial Paper rates for Fed interest rate changes and not Fed Funds. Book this concept under market structure.

Non Financial rates are finance rates for inside the United States money markets while financials are overseas rates and used mainly by Corporations. Non financial rates are used by many, utility companies, mutual funds, banks, insurance companies and many others.

I use Commercial paper Rates daily for day trades in currencies as these are mandatory and most vital rates of all interest rates. They allow perfect entries and multiple trades per currency pair.

Here’s rates

Rates

Outstanding Levels Seasonally Adjusted

Outstanding Levels

Not Seasonally Adjusted

Billions of dollars

Not seasonally adjusted

Billions of dollars

Brian Twomey

Most important  interest rate is Commercial Paper because its a maximum rate of 270 days. Its shortest term rate and changes daily.  Fed Funds rate is a secondary rate compared to Commercial Paper. Commercial Paper rates are used to build yield and interest rate curves due to Commercial Paper as a primary and shortest rate.

Commercial Paper market is easily a trillion dollar market while Fed Funds trades billions.

Watch Commercial Paper rates for Fed interest rate changes and not Fed Funds. Book this concept under market structure.

Non Financial rates are finance rates for inside the United States money markets while financials are overseas rates and used mainly by Corporations. Non financial rates are used by many: utility companies, mutual funds, banks, insurance companies and many others.

I use Commercial paper Rates daily for day trades in currencies as these are mandatory and most vital rates of all interest rates. They allow for perfect accuracy for entries and multiple day trades per currency pair.

Here’s rates

Rates

Outstanding Levels Seasonally Adjusted

Outstanding Levels

Not Seasonally Adjusted

Billions of dollars

Not seasonally adjusted

Billions of dollars

Brian Twomey

The S&P’s not only achieved overbought status but now sits overbought in the stratosphere and the recommendation is not 1 point long until the imminent deep correction is over. Overbought pertain to all averages we follow dating at least 10 years.
The massive top is located at 3233.99. Driving the S&P’s is not only the break at 2123.77 but since 2018, shortest averages drove prices higher.

The main average holding current prices is 2633.99 then 2454.55. Below 2633.93 targets 2577.85 2531.39, 2516.64 and 2504.29.
Due to the status to overbought, a long red candle event is expected rather than a slow grinding correction.

Targets are located at 2736.59 and 2661.62. Targets achieve destinations by breaks lower at 3054.55, 2913.95 and 2845.35. Note the target at 2736 and 600 points. This has been the norm to past long candle events since 2018 and due to highest price extremes achieved.

The 600 figure is not only a normalized number to financial instruments and especially currencies but 600 points factors to a 500 pip correction to 2736 and 100 points are unaccounted. The 100 points are free money points.

Most comfortable trading location for the S&P’s is in the 2500.00’s and a great location to begin the next leg higher. Overall problem with the S&P’s is lack of trading range. If the S&P’s were classified a a currency, the apt name would be USD/CHF, EUR/GBP or EUR/CHF.

Gold

If Gold was classified as a currency, EUR/GBP would become a better trade as Gold severely lacks trading ranges and its ranges are far below the S&P’s. Gold overall is a horrible trading instrument and its the new interest rate revamp by central banks that forced Gold into tiny ranges as opposed to the old days when Gold contained wide movement ability. Gold won’t ever recover to again trade to its glory days.

Holding Gold prices currently are averages at 1300’s across the board. All averages are deeply overbought. Both Gold and the S&P’s trade above 5 year averages and this includes the DXY. The issue is a mis location problem as the S&P’s are classified a a risk asset and it trades along side non risk assets DXY and Gold. This point was highlighted in past posts and as can be seen the mis location problem never corrected.

The 2 driving averages are 1566.34 and 1418.59. Both are fairly mid range overbought from 1695.55. Longer term averages are problems and deeply overbought.

Shorts begin at 1777.03, 1812.21, 1840.89, 1861.39 and 1925.35 but 1925 is not expected. All are extremes

Targets are located at 1664.70 and deep caution at 1587.61.

If 1566.34 ever break then targets become 1528.08, 1490.27, 1467.99 and 1462.60.

Overall trade strategy for Gold and the S&P’s is short for the long haul until targets achieve destinations.

Brian Twomey

Last week’s EUR/USD from 1.1100’s was deeply overbought then traveled to extraordinary extremes at 1.1300’s. Last week’s
NZD/USD was overbought at 0.6200’s then traveled to extraordinary extremes at 0.6500’s. NZD/CAD lacked a choice except to travel higher. NZD/CAD to NZD/USD represents a top and forecast currency to NZD/USD.

AUD/CAD holds the same principle as a top and forecast currency to AUD/USD.

GBP/CAD is the middle currency pair to GBP/USD. Above GBP/CAD resides wide rangers GBP/NZD and GBP/AUD. Below GBP/CAD resides GBP/USD, GBP/CHF and GBP/JPY.

EUR/CAD holds its principles as middle currency to EUR/USD, above lies wide rangers EUR/NZD and EUR/AUD. Below lies EUR/USD, EUR/CHF and EUR/JPY.

2 separate distributions reside inside the EUR and GBP universe, wide rangers and low ranges or better stated GBP/USD, GBP/CHF and GBP/JPY vs USD as wide rangers, GBP/NZD and GBP/AUD. When is GBP not GBP. At the Juncture of GBP/CAD.

GBP/USD rose significantly last week, GBP/NZD and GBP/AUD dropped, what dropped USD.

EUR/USD lives within the same content as low rangers EUR/USD, EUR/CHF and EUR/JPY vs USD as EUR/AUD and EUR/NZD. When is EUR not EUR. At the juncture of EUR/CAD.

EUR/USD rose significantly, EUR/NZD and EUR/AUD dropped. What dropped, USD.

EUR/AUD dropped to long standing target at 1.6000;s as forecast and mentioned many times in past posts.

NZD remains a solid block as NZD just as AUD remains 1 solid block as AUD.

Last week’s 200 pips higher to AUD/USD, EUR/USD and NZD/USD informed further to deep instability as rarely seen is overbought travels 200 pips higher to more extreme overbought. A cross pair is possible but not EUR/USD, NZD/USD and AUD/USD vs Non USD.

When do we know an unstable price exists is when overbought travels to more overbought or oversold to more oversold. Of all market periods and particular weeks, the worst by far is overbought to more overbought and oversold to more oversold. A normal price exists then those rare times to unstable prices. A normal trade exist then a gamble trade.

Due to leader as USD Vs Non, cross pairs had no choice except to travel to respective extremes. All currency pairs including EM are now in deep reversal mode.

Trades

One way trades this week for all currency pairs as the 200 pips from extremes must correct. Under 200 pip extremes, entries don’t matter.

NZD/USD as bottom currency is overbought and NZD top currency NZD/CAD is also overbought. EUR/USD must be repaired from last week.

EUR/USD

Short anywhere or 1.1304 and 1.1326 to target 1.1063.

Short below 1.1041 to target 1.0952.

NZD/USD

Short anywhere or 0.6543 and 0.6518 to target 0.6293.
Short below 0.6243 to target 0.6193.

NZD/CAD

Short anywhere or 0.8747 and 0.8759 to target 0.8568, caution 0.8594.
Short below 0.8543 to target 0.8492.

Brian Twomey

18 currency pairs are offered as weekly trades with specific entries and targets. The trade target is about 150 and 200 ish pips.

The latest addition is offer multiple trades per currency pair with specific entries and targets. This adds about 100 more pips per currency pair, per week. It means profits to at least 50% -60% of all traded pips.

The first 12 currency pairs are ranked from recommended trades to least favorite. The 6 GBP pairs offered are separately ranked.

On 10 and 12 currency pairs, the weekly average profit was about 1000 to 1200 pips per week. Today that figure is much higher. See June and July 2019 for analysis, math and trade results from February to July.

Weekly trades are designed to enter Sunday and exit by Friday without screen watching. Trades allow ability to live life outside of markets without worry. Individuals busy and live life outside of markets during the week then the trades are perfect to suit this lifestyle.

A trade begins at entry and ends at target therefore no stops, charts, indicators or ulterior methods used in trade calculations.

I’m here nearly 24/7 to assist with comments and questions. Its a 1 man show here and I’m the only person.

This offer is for interested traders who desire trades but its not a full blown trade service.

Trades are sent every Saturday morning

Interested are invited to view years upon years of trades, education, analysis on my blog.

The price is $300 per month

Brian Twomey Contact brian@btwomey.com

The vital point and purpose to the EUR/CAD trade was to highlight multiple trades inside every currency pair and note to 458 available pips to trade. We take this multiple trade concept to the next degree by highlight to profit from most or all available pips.

EUR/CAD

Short 1.5358 and 1.5379 to target 1.5137.
Highs 1.5388, Lows 1.5137,
This trade ran +221 pips and target achieved.

Short 1.5117 to target 1.5029.
Lows 1.5049
Target not achieved and trade ran +68 pips.

Long 1.5029 to target 1.5109.
Trade not triggered.

Long 1.5128 to target 1.5197.

Trade complete and ran +69 pips.
Highs actually achieved 1.5349.

Total pips and 3 trades +358 pips V total 458 available pips.

Total 458 available pips to trade.

Brian Twomey