Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

FX Weekly: Gaps and Trading Opportunities

By Brian TwomeyCurrenciesNov 27, 2022 08:25AM ET
www.investing.com/analysis/fx-weekly-gaps-and-trading-opportunities-200632827
FX Weekly: Gaps and Trading Opportunities
By Brian Twomey   |  Nov 27, 2022 08:25AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
EUR/CAD
-0.01%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DXY
+0.37%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NZD/JPY
+0.48%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
NZD/CAD
-0.24%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GBP/NZD
+0.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GBP/CAD
+0.33%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

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.

EUR/USD

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.

GAP Opportunities

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.

GBP

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.

JPY Cross Pairs

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.

FX Weekly: Gaps and Trading Opportunities
 

Related Articles

Kenny Fisher
EUR/USD Extends Losses By Kenny Fisher - Feb 06, 2023

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...

Marc Chandler
U.S. Dollar Extends Recovery By Marc Chandler - Feb 06, 2023

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...

FX Weekly: Gaps and Trading Opportunities

Add a Comment

Comment Guidelines

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.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

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.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email