USD vs ZAR (South African Rand)
Posted on June 4, 2016 Leave a Comment
what an amazing and parabolic run … overall I see it correcting into the pattern on the weekly but am going to have to watch the most recent swing action (the big candle from Friday) to see where it goes next.
note the corrective move (orange dashed line) that lines up exactly w/ the projection … right now, that will be the best place (IMHO) to get long the USD vs ZAR. However, nothing IMMEDIATE from a pattern perspective as far as I can see.
hope this helps Jeremy and thanks for the questions and following the blog ….
BREXIT – fundamentals are noise, use the charts …
Posted on June 4, 2016 Leave a Comment
06/04/2016 – fist off, Gerard, thanks for visiting the site, asking questions and watching this AMAZING development.
Folks, I honestly don’t know which way the “vote” will go but it ranks up there w/ one of the biggest deals out there. Easily, the vote will “kick the can down the road” OR destroy the Euro-zone. It’s that simple …
this is a big deal … but PRICE and TIME tell all. So,, here’s an updated view of the pound. I really don’t know how to play this .. I will watch and sit on my hands as the vote is announced. the VOLATILITY in the FX markets is going to be huge. As a sample, I’m going to show charts of the “peg” being removed on the Swiss versus Euro. It looks so easy – but trust me, unless you have a lightning quick professional trading station – STAY AWAY. If you look at the BIG CANDLES on this chart, you’ll see, after the carnage, there has ALWAYS been a chance to get in …
Head and Shoulders Scenario (first chart): as for me, IF (I have no idea if it’s going to happen OR not) the trend line breaks then how about a shorting a retest of 23 year long neckline? wish I could provide more “exact” detail .. I can’t. What we can do is see that the Pound vs USD has not closed below the neck line in 30 years.
Bullish PATTERN foldback Scenario (second chart): just follow the bouncing ball … the swings have been EXACT.
Hope this helps .. no bias, no thinking, just look at the charts and go w/ the flow ….
Folks, this ranks up there as a “big deal” so watch this one carefully as theirs a potential the POUND busts wide open and moves 3000+ pips if we have a MONTHLY closing below the neckline.
Bart
Polarity on DB
Posted on June 2, 2016 Leave a Comment
06/02/2016 – Triangles – look SO GREAT after they complete. when your in the middle of one (reference daily/weekly EURO vs USD) you get chopped up and frustrated till you erase your chart and then the c-d-e legs appear. then it’s simply so hard to wait for “e” to complete but you have to …the move out of “e” is “usually” swift and strong … so, this triangle is so perfect in so many ways
- trend line definition
- the length of bc and cd are “usually” .618/.68179 (think music) of the proceeding wave
- none of the moves are showing any major momentum or thrust ….
CONCLUSION: very near a daily triangle completing and then another dump on DB. What the f&^% does this mean for the Euro-Zone and, well, let me just throw it out there .. the derivatives that DB is backing? People lot smarter than me probably know.
Stand by ….
Bart
Update on ratio of OSX/NYA
Posted on May 31, 2016 Leave a Comment
05/31/2016
here’s an update to the BUY of the RATIO of OSX/NYA. couple things to note:
- pattern held and note the move UP in Crude pretty much the same day the pattern hit
- it’s not that much of a bounce …would expect it to have been bigger, especially w/ the move in Crude and the Loonie vs USD.
- also, note the divergence in the ratio as the crude oil continued higher. this has usually led to a move lower in crude …
- stay tuned, does this spell weakness ahead for Crude and the Loonie?
here’s the RATIO of $OSX / $NYA. it has a buy pattern HERE or a little LOWER.
below that is crude and CAD vs USD (USDCAD inverted) overlaid on top of the ratio.
they move together
so IF this BUY pattern works THEN we have a big move coming BULLISH for Crude and the Loonie.
US Dollar Index – beginning of the next move up? – update
Posted on May 21, 2016 2 Comments
05/21/2016
05/21/16 – note , same move up in PRICE and TIME. Believe we should find some resistance here and the pullback should be BOUGHT for the USD index.
Gasoline Futures, the Aussie and Audioslave …update
Posted on May 15, 2016 Leave a Comment
05/15/2016 – note the continued strength of the Gasonline Futures as the Aussie vs USD has been going down. W/ that in mind, believe we need to BUY Aussie in around levels shown.
at a certain point you have to ask yourself – are you going to listen to everyone or do the work yourself.
if you want to “feel the Bern” then let him “show you how to live …”
come on man, do the work:
AUSSIE
- monster cycle hitting this month from 1986 on Aussie.
- take note of the “measured moves in price” coming tino the 1986 and 2001 low .. they are the same footprint
- very oversold w/ bullish divergence
GASOLINE FUTURES
- note, 5 waves down on natural gas
- .9438 symmetry
- 1.27 extension
- 1.27 wave 1 = wave 5
- monster bullish divergence …
Bart's Charts 