CAD/ZAR traded to 13.7418 lows inside CAD/ZAR new targets 13.8963, 13.4734, 13.1331 and 12.8497. CAD/ZAR from current 13.8087 trades deeply oversold and targets 13.9035 easily for next week. Oversold CAD/ZAR informs USD trades oversold.
EUR/USD traded another 63 pip week. EUR/USD trades dead ranges and is not driven by overbought or oversold. The range trades 1.0910 to 1.1060. Overbought begins at 1.0948 and lower must break 1.0874 and 1.0858.
GBP/USD trades 1.2661 and 1.2674 vs 1.2808 and 1.3149. Below 1.2661 targets 1.2578. GBP/USD trades overbought and targets low 1.2700s for next week.
USD/JPY completed target at 147.99. Lows traded 146.47. Shorts next week must remain below 147.99 to target 146.82. Above 147.99 targets high 148.00’s and low 149.00’s.
GBP/JPY trades overbought at upper 189.00’s and targets low 188.00’s next week. Lower must break 187.54 then begins trade to 186.00’s then 185.00’s.
EUR/JPY trades overbought at 162.00’s and targets the break for lower at 160.67. AUD/JPY overbought and watch next week 97.16 and NZD/JPY 90.61.
CAD/JPY at 109.70 trades deeply oversold. Only 2 choices is trade to middle 110.00’s or break 109.57.
CHF/JPY shorts must trade below 168.49 to target 167.00’s. CHF/JPY is the same exact currency as USD/JPY so double trade exists.
GBP/CAD traded lows at 1.7207 and target remains 1.7174 and 1.7159.
GBP/NZD trades short next week to target thew break at 2.0697 while longs and short for EUR/NZD are located at 1.7732.
GBP/AUD trades above 1.9301 and EUR/AUD below 1.6536. Divergence from week beginnings remain and may hold for next week.
GBP/CHF, AUD/CHF and EUR/CHF begin next week severely overbought. CAD/CHF and USD/CHF trrade deeply oversold.
USD/CAD next week we’re watching 1.3507.
Overall next week trades the same dead ranges as the past 10 weeks.