🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Weekly Trades: EUR/GBP, CAD/CHF, GBP/USD And USD/CHF

Published 12/23/2019, 03:45 AM
Updated 09/03/2023, 03:41 AM
EUR/USD
-
GBP/USD
-
EUR/GBP
-
USD/CAD
-
GBP/JPY
-
GBP/CHF
-
CHF/JPY
-
CAD/CHF
-
AUD/CAD
-
NZD/CAD
-
CAD/AUD
-
CAD/NZD
-
CAD/USD
-
CHF/EUR
-
CHF/GBP
-
USD/GBP
-

Vast majority of Currency market price trading among 28 currency pairs is found in the dead center among relationships between EUR, GBP and CAD.

To include cross pairs among the big 3 then 16 currency pairs are not only intertwined but influence remainder 12 currency pairs to complete all 28.

The import to 28 currency pairs on a larger scale is this G28 market influences and drives all EM currency pair prices as EM and G28 are deeply linked and not separate entities.

Analysts present EM currency pairs as if its a far away land against no relevance to G28 when in reality, its not true.

EUR/GBP and CAD/CHF are the two most vital and highly special currency pairs to either trade alongside or influence the vast majority of currency pairs associated with its price and to include EUR, GBP and CAD.

To re-arrange EUR/GBP and CAD/CHF then 20 currency pair combinations exist between both pairs. To understand the 20 currency pair influence to all 28 then total 28 currency market combinations exists 378 or as groups of 3 for Triangulations factors to 84 currency pairs and as grouped by 4 currencies then 112 pairs exist. The starting gate, however, is CAD/CHF and EUR/GBP.

The purpose to EUR/GBP and CAD/CHF for trading purpose is to forecast its price to other currency pairs but not necessarily to trade because neither pair moves significantly enough to bother trading.

What forecast means on a larger scale is exchange rates predict perfectly exchange rate entries and targets by use of a $5 calculator. This eliminates math and surely dinosaur indicators, charts, graphs, stops and all means to forecast exchange rates.

Deutsch bank latest forecasts are based on the old exchange rate forecast formula in Purchasing Power Parities. This is not needed nor would I trust the forecasts.

Non-movement to EUR/GBP.and CAD/CHF performs its overall currency market function as not only the link to other currency pairs but to prevent price movements. EUR/GBP and CAD/CHF perform a stable influence on overall currency prices by non-movement so prices don’t trade off-kilter or worse, out of control.

EUR/GBP at close 0.8513 only association is to AUD/CAD and NZD/CAD by eyeball but EUR/GBP as 1.1 reciprocal influences EUR/USD, CAD/USD, CHF/JPY,CAD/NZD, CAD/AUD, CHF/EUR.

Then EUR/GBP is supported by CHF/GBP at 0.78, USD/GBP at 0.76 and GBP/JPY at 0.70.

CAD/CHF at 0.7475 close only association is to far away prices in AUD/CAD and NZD/CAD but 1.33 reciprocal forms a different picture as views now influence USD/CAD, GBP/USD, GBP/JPY, GBP/CHF.

CAD/CHF long term target is located at 0.7613 or 1.3135. What is 1.3135 means USD/CAD, GBP/USD, GBP/CHF or a range to about 10 currency pairs.

Forecast 1 currency price to another currency price then ability exists to forecast and trade every currency pair weekly and long term quite easily.

Problem this week in currency markets is GBP prices are correct while remainder 18 currency pairs factors as either complete dead or erratic prices. EUR/GBP is correct.

Weekly Trades: CAD/CHF, EUR/GBP, USD/CHF and GBP/USD

CAD/CHF

Long 0.7452 and 0.7458 to target 0.7471. Long above 0.7478 to target 0.7504.

EUR/GBP

Long 0.8502 and 0.8481 to target 0.8581. Long above 0.8601 to target 0.8679.

USD/CHF

Long 0.8795 and 0.9805 to target 0.9868. Long above 0.9875 to target 0.9906.

GBP/USD

Short 1.3145 and 1.3202 to target 1.2944. Must cross 1.3088, 1.3031 and 1.2974.

Short below 1.2916 to target 1.2802. Must cross 1.2859 and 1.2831.

Interested in trades G28 and EM then contact

Brian Twomey,

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.