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 remains offered and below 1.1300
EUR/USD is feeling the squeeze, revisiting the area around 1.1280 as the US Dollar gains extra momentum on Tuesday. Mixed domestic data from Industrial Production and Economic Sentiment haven't done the Euro any favours either.
GBP/USD keeps the bullish stance in the low-1.3200s
After hitting fresh six-month peaks near 1.3250, GBP/USD is now under a tepid selling pressure due to a strong comeback in the Greenback, causing it to retreat toward the 1.3200 support area. Next on the UK docket are inflation figures, expected to be released on Wednesday.
Gold embarks on a consolidative move around $3,200
Gold is holding its own on Tuesday, trading just above $3,200 per troy ounce as it bounces back from earlier losses. While a more upbeat risk sentiment is bolstering the rebound, lingering concerns over a deepening global trade rift have prevented XAU/USD from rallying too aggressively.
XRP, Dogecoin and Mantra traders punished for bullish bets, will altcoins recover?
Altcoins are recovering on Tuesday as the dust settles on US President Donald Trump’s tariff announcements last week. The President has repeatedly changed his mind on several tariff-related concerns, ushering volatility in Bitcoin and altcoin prices.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
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