
Please try another search
DXY big breaks this week are located at 106.30, 106.65, 106.79, then 108.30, 108.46, 109.26, and 109.42. DXY lows target 105.18 and 105.09. DXY 106.79 becomes most vital as 107.00’s failed to register this week. DXY last week was 107.81 rose to 108.30.
The DXY information is not only accurate, but DXY levels serve to trade every weekly market price on the planet from stocks, commodities, interest rates, and any currency. Nothing more is required, and we may submit it as is.
Economic announcements are located inside the price. Don’t surmise what is the level of GDP or NFP when the actual number is located within DXY. GDP or NFP is possibly located from DXY 106.30 to 106.79 or maybe 105.18 to 106.30. Fed Funds 12 and 25-point daily movements may be found within the same DXY levels.
The obvious GDP route is to enter the 108 numbers for perfect accuracy and 300 numbers or 25 years for NFP averages, as NFP was first introduced in February 1939. Usually, 20 and 25 years serving as an accurate NFP forecast, including actual and off-sync. The statistical agencies in charge of factoring and releasing economic data forecast anywhere from 3 months to barely one and 2-year averages. NFP requires a minimum of 5 years of data or 60 months.
As DXY opposite, EUR/USD levels are located from 1.0351, 1.0316, 1.0271, 1.0235. 1.0199 and 1.0056. EUR/USD trades overbought, and a short-only strategy for the week to target 1.0253. Last week’s target at 1.0215 traded to 1.0354 lows from 1.0446. This week is a continuation short from last week. EUR/USD traded 226 pips last week Vs. DXY 245. This week is expected to be 170 to 184.
Last week Gap opens occurred in AUD/NZD long, AUD/CAD and NZD/CAD short. This week Gap opens include short GBP/CAD, EUR/CAD, AUD/CAD, NZD/CAD. Further opportunities include long CAD/JPY, CAD/CHF, USD/CHF.
Problem pair USD/CAD traded 179 pips last week Vs 375 for GBP/USD. USD/CAD, as the problem currency, lacks the ability to trade 1/2 GBP/USD and underperforms to EUR/USD and DXY.
This week’s stars are short overbought GBP/USD, GBP/CAD, GBP/AUD and cautious short to GBP/JPY while no thrills exist to GBP/NZD and GBP/CHF. EUR/NZD is the best currency over GBP/NZD. Overbought GBP/AUD will assist EUR/AUD lower. Watch EUR/AUD 1.5278.
Overbought to GBP/JPY and NZD/JPY while oversold to CAD/JPY and CHF/JPY. EUR/JPY and AUD/JPY at fairly neutral will follow the crowd. Overbought GBP/JPY as a leader should assist JPY cross pairs lower on a short-only strategy for the week.
USD/JPY weekly levels: 137.81, 139.25, 139.97, 140.69. USD/JPY 140.69 should match DXY 108.30 and 108.46 and EUR/USD 1.0235. SPX 500 traded 101 points last week, or just shy of 1/2 DXY. The low target this week is located at 3918.
The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%. Earlier in the day, the euro...
The honeymoon for risk assets that began the year ended with a bang at the end of last week with the monster US jobs report and the rebound in the service ISM. Disappointing news...
AUDUSD rejected the 100-week & the 500-day moving averages at 7160/80 & collapsed through support at 7060/50 on Friday for a sell signal targeting 6990/80 & 6930/20. A low for the...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.