GBP/USD V USD/CAD, EUR/USD, AUD, NZD

DXY at 99.00’s finally at the 50 year monthly average. This should inform EUR/USD at its 50 year monthly average at 1.1200’s and explains the jump in EUR/USD and GBP/USD.

EUR/USD Vs DXY

1.1333 Vs 98.72

1.1393 Vs 98.11

1.1515 Vs 96.90

1.1820 Vs 93.86

1.2124 Vs 90.81

1.2428 Vs 87.77.

Notice the distance from 1.1393 to 1.1515. If 1.1500’s trade, this will take time as 1 or 2 months. I wouldn’t target 1.1500’s until the resolution of 1.1300’s. A possible break at 1.1300 ranges from 1.1300’s to 1.1500’s. Smarter is a gazillion range trades exist for much profit.

We’re taking market prices and market prices are never correct. The tops are at 1.1300’s for the next month or so.

Accurate = 1.0890, 1.0951, 1.1121, 1.1350, 1.1596. EUR/USD trades mid range and 1.1121 is the big line. But 1.0800’s are Richter scale overbought.

GBP/USD current 1.3117 Vs USD/CAD 1.3114. GBP/USD Vs USD/CAD is the same relationship as EUR/USD Vs DXY. The only difference is GBP Vs CAD numbers are observable and easily analyzed while EUR/USD V DXY contain 2 separate numbers and takes a minute to analyze.

Known to current GBP/USD Vs USD/CAD is this relationship cannot hold. We must and will see a separation. USD/CAD is oversold to overbought GBP/USD.

Fresh numbers: GBP/USD 1.2620, 1.2653, 1.2869, 1.3253, 1.3671. Mid range and 1.2869 as big number.

GBP/USD big break number 1.3195 and the range is 1.2869 to 1.3253. What does a 384 pip range due for us. Nothing except wasted words.

We know big topline break at 1.3195. We know 1.2600’s are solid lines and won’t break anytime soon , if al all.

Exact numbers: 1.3195, 1.3154, 1.3113, 1.3072, 1.3032, 1.2950, 1.2909. At 1.2909 competes against 1.2902. Informs 1.2909 and 1.2902 is also solid lines and won’t break anytime soon. Now we have all range numbers to last probably into next Friday or beyond.

Middle number and most vital 1.3072. Where does 1.3072 fit today.

GBP Day Trade

GBP/USD

Long Short Line 1.3108 

Most Important 1.3058 and 1.3099 Vs 1.3116, 1.3124, 1.3132, 1.3141, 1.3157, 1.3165, 1.3174

Bottom 1.3042 achieves by 1.3058 and 1.3075

Upper Target 1.3174

Continuation Fail 1.3141

GBP/USD Viewed differently

Above 1.3116, 1.3124, 1.3132, 1.3141, 1.3157, 1.3165, 1.3174

Long Short Line 1.3108

Bottom: Bottom 1.3042, 1.3058, 1.3075, 1.3099

Top number today 1.3141 and 1.3174. Top number to range 1.3195.

AUD/USD Big break line 0.6902. Held all week at 0.6894. NZD/USD 0.6393. Violated today to 0.6410. NZD/USD 0.6393 is 2 days old so exact maybe at 0.6410.

AUD/USD and NZD/USD failure to follow by vital breaks to EUR/USD and GBP/USD maybe informs how overbought is EUR/USD and GBP/USD as both EUR/USD and GBP/USD are up against vital topside levels.

Brian Twomey