7 Major Currency Pairs Long Term Analysis by Platinum
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Welcome to another Major Currency Pairs blog article. Thanks for all the good comments on our previous articles and we hope we will get the same response on this Major Currency Pairs article as well. We got some lovely response from all of you and many emails thanking us for what we do to support you. We love to know we have been able to help clarify many of your questions about major currency pairs trading. Big thanks from us too!
The month of August is here already and liquidity is picking in the FX Market.
In a much different major currency pairs article today, we would like to share with you some of the major currency pairs trading information that only our Platinum Members receive.
Platinum Traders have access to the kind of major currency pairs information on this article but much more in-depth plus they have access to PTV in which one of our full-time traders dissect the whole of the Major Currency Pairs information with them in the mornings.
If you would like to know how to be part of that too, just click here
In this week’s Platinum Trading Floor, United Kingdom we provided the following information:
(Please note this is not the whole trading information provided)
Let’s look at the Seven Major Currency pairs on a Long-term View:
We should always take time to review currencies mid-year.
Swiss Franc Monthly View:
The Swissy has broken its mid-term Bull Trend and for the last three months, we have been stuck in a 700 pip range. The Major Reversal Level for us would be a nice BPC Trade at the 0.9915 level. The target for this would be 0.9430 and/or below which is around 500 pips. Place your alerts at this Platinum Level and get ready to take a longer Term Short Trade on this major currency pairs.
What is the Range?
Three month Range on the Swissy is 0.9435 to 0.9780
Place the Alerts at 0.9915 for Pull Back
Trade Bull Market BPC Trades: Watch for a Daily close above 0.9780 and trade the Swissy Bull
Trade Bear Market BPC Trades: Watch for a Daily Close below 0.9435 and trade the Swissy Bear
Cable Monthly View:
Staying in a range for 5 months, Cable finally has had 4 Monthly Bull Candles and August, at the present moment in time, is presenting itself as a retracement month. Platinum Analysts are still seeing the Bull Trend intact and a nice Bull Trend Continuation Trade is sitting at 1.2800.
What is the Range?
Three month Range for the Cable is 1.2800 to 1.3200
Place the Alert at 1.2800 for Long Term Bull Trade
Bull Market BPC Trades: Watch for a Daily close above 1.3200 and trade the Cable Bull
Bear Market BPC Trades: Watch for a Daily Close below 1.2800 and trade the Cable Bear
Yen Monthly View:
Since January this year, we opened @ 118.80 and have capped at this level. After 5 Bearish
Candles in a row, we have managed to get trapped in a range for the last 3 months and we have a bearish triangle in play. If we do break the floor on the USD/JPY @ 108.00, the pair could easily be back @ 103.50 level. On the contrary, if the yen breaks 112.50, we could see an attack on the 118.80 level again.
What is the Range?
Three month Range for the Yen is 108.00 to 112.60
Place the Alerts at 108.00 for Short Term Bull Trade or a Short Term Bear Trade @ 112.60
Bull Market BPC Trades: Watch for a Daily close above 112.60 and trade the Cable Bull
Bear Market BPC Trades: Watch for a Daily Close below 108.00 and trade the Cable Bear
Euro Monthly View:
The Euro has had a 1500 pip Bull Run and has finally seemed to take a break. Most of this is on the back of a weaker US Dollar as that has been mentioned before. What Platinum traders should be looking for is Trend Continuation trades. That should be the first thing which comes to mind. The premium level that we should be looking at to go long is 1.1460.
What is the Range?
Three month Range for the Euro is 1.1460 to 1.1910
Place the Alert at 1.1460 for Long Term Bull Trade
Bull Market BPC Trades: Watch for price action close to 1.1460 and join the Bull Trend or watch for a Daily close above 1.1910 and trade the Euro Bull
Bear Market Trades: Watch for price action near 1.1905 and trade the Euro Bear for short-term sell on this pair.
Aussie Monthly View:
After staying in a 950 pips range for almost 3 years, Aussie finally has had a breakout of the Ascending Triangle with two decisive bull candles and July sealing the deal for the buyers of this market. August, so far, looks like a retracement month which would be more than expected. Platinum Analysts are still seeing the Bulls in control of this market and a nice Bull Trend Continuation Trade is sitting at 0.7700.
What is the Range?
Three years Range for Aussie is 0.6850 to 0.7700
Place the Alert at 0.7700 for Long Term Bull Trade
Bull Market BPC Trades: Watch for price at the 0.7700 and trade the Aussie Bull
Bear Market BPC Trades: Watch for a Daily Close below 0.7400 and trade the Cable Bear
Kiwi Monthly View:
Since January this year, we carved 0.6860 and have capped at this level. After 3 Bullish Candles in a row (3 white soldiers), Kiwi has managed to finally break 0.7450 which has been capping this market since September 2016. The 3 White Soldiers pattern does look for a pull back before continuation and Platinum Traders will look for 0.7100 for a BPC for a long term Bull trade.
If we do break the floor on the NZD/USD @ 0.6860, the major currency pair could easily be back @ 0.6350 level. On the contrary, if Kiwi breaks 0.7500, we have nothing on the way to block an attack on the 0.8500 at least.
What is the Range?
Three month Range for the Yen is 0.7100 to 0.7550
Place the Alerts at 0.7100 for Long Term Bull Trade
Bull Market BPC Trades: Watch for a Daily Pull Back to 0.7100 and trade the Kiwi Bull
Bear Market BPC Trades: Watch for a Daily Close below 0.6860 and trade the Kiwi Bear
Loonie Monthly View:
The Loonie has broken its mid-term Bull Trend and in the last three months, we have ferociously dropped 13 hundred pips from this year’s high. The Major Reversal Level for us would be a nice BPC Trade at the 1.3100 level. The target for this would be 1.2500 or below which is around 600 pips. Place your alerts at this Platinum Level and get ready to take a longer Term Short Trade on this Pair.
What is the Range?
Three month Range on the Loonie is 1.2500 to 1.3250
Place the Alerts at 1.3100 for Pull Back
Trade Bull Market BPC Trades: Watch for a Daily close above 1.2750 and trade the Loonie Bull
Trade Bear Market BPC Trades: Watch for a Daily Pull Back to 1.3100 or a Daily Close below 1.2400 and trade the Loonie Bear
As you can see, this is a detailed analysis for each and every Major FX Pair on a long-term view of the Market. Some people pay thousands of Dollars for this kind of information. Knowing how to act on that is what is most important. We can teach you how to do analysis like that and most important of all, how to profit from that kind of knowledge.
Don’t waste any more time and get in touch today to speak to one of our full-time traders who will be able to answer to any of your questions and concerns.
Hopefully, you have enjoyed today’s major currency pairs article as much as I have enjoyed writing it for you to read. See you in the next one.
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Hopefully, you have enjoyed today’s article. Thanks for reading!
Have a fantastic day!
Nisha Patel
Live from the Platinum Trading Floor.