Brian Twomey
Brian's Investment
EUR/USD weekly target at 0.9829 from 0.9678 achieved highs at 0.9807 for +129 pips. Actual target today must break 0.9817 then 0.9829.
Next week EUR/USD ranges from 0.9716 to 0.9860 and the same old weekly EUR/USD stuck in the same positions.
DXY target at 113.88 slated for next week traded yesterday at 113.95 highs. Next week's target is located at 114.39. Future targets are located every 44 pips starting from 114.83, 115.27 and 115.72. Count 44 pips below and bottom targets are known.
EUR/USD currently trades as DXY perfect opposite as targets below are located every 44 pips. DXY 115.72 translates as EUR/USD 0.9400. Both today are located at furthest extremes. EUR averages are rising while DXY averages are falling.
JPY Cross Pairs
GBP/JPY and EUR/JPY trade at extreme overbought while nothing special exists to AUD/JPY, NZD/JPY and CAD/JPY. For GBP/JPY to normalize, target is located at 163.00's and 162.00's.
AUD/USD trades massively oversold and targets easily low 0.6400's to 0.6500's. NZD/USD exists and trades at the inclination of EUR and GBP.
Both EUR/AUD and GBP/AUD trade deeply overbought and require about 200 pips lower to trade correctly.
GBP/USD targets in the vicinity of 1.1080 and GBP/CHF to 1.0900's. GBP/CHF trades as leader currency to AUD/CHF, CAD/CHF, EUR/CHF and NZD/CHF as nothing special exists to CHF except GBP/CHF.
EUR/CAD short next week remains the plan although a higher price would ensure a far better trade while GBP/CAD may sit last on the GBP trade rankings due to a horrible position.
USD/JPY trades overbought and ranges from 146.00's to 148.00's. USD/CHF trades most overbought to USD/JPY and USD/CAD.
SPX 500 at the 5 year average is located at 3367.25. SPX traded 3400 lows yesterday and dangerously close to the 5 year average. A break of the 5 year average then much lower for SPX.
USD/CNY trades safely above 6.9710. EM currencies trade fairly neutral as nothing exciting exists. USD/HUF, USD/ZAR and USD/MYR stand out as overbought while USD/RON trades neutral. USD/BRL trades neutral.
Neutral to the Bulgarian Lev, USD/BGN
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
EUR/USD clings to daily gains near 1.0300 after US PMI data
EUR/USD trades in positive territory at around 1.0300 on Friday. The pair breathes a sigh of relief as the US Dollar rally stalls, even as markets stay cautious amid geopolitical risks and Trump's tariff plans. US ISM PMI improved to 49.3 in December, beating expectations.
GBP/USD holds around 1.2400 as the mood improves
GBP/USD preserves its recovery momentum and trades around 1.2400 in the American session on Friday. A broad pullback in the US Dollar allows the pair to find some respite after losing over 1% on Thursday. A better mood limits US Dollar gains.
Gold retreats below $2,650 in quiet end to the week
Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data.
Stellar bulls aim for double-digit rally ahead
Stellar extends its gains, trading above $0.45 on Friday after rallying more than 32% this week. On-chain data indicates further rally as XLM’s Open Interest and Total Value Locked rise. Additionally, the technical outlook suggests a rally continuation projection of further 40% gains.
Week ahead – US NFP to test the markets, Eurozone CPI data also in focus
King Dollar flexes its muscles ahead of Friday’s NFP. Eurozone flash CPI numbers awaited as euro bleeds. Canada’s jobs data to impact bets of a January BoC cut. Australia’s CPI and Japan’s wages also on tap.
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