Tag: FX

Loonie at a critical level

LOVE the Loonie … as you can see below, IF (the big IF) you can catch a wave this FX pair likes to run .. in either direction. well here comes a wave …

at 1 we have the classic AB=CD and, at least for now, it is holding …

at 2 we have a lot of MATH coming together along w/ a corrective (dashed red line) move that has present on most EVERY major corrective pullback.

w/in both above (1 and 2) we have the TIME dashed green line … that’s pretty key to me. Something (hint hint look up at the sky at night) has been responsible for the corrective TIME of EVERY MOVE DOWN since the beginning. a measured move in time, if you will. if your wondering, the dashed orange line is of course harmonically related by fibo .382.

guess what, I’ll WAIT for that … and that’s the end of the summer, and I’ll table the Loonie but I wanted to show the power of TIME and PRICE combined. Guess what, if it doesn’t work, there’s 50+ other currency pairs. I’m trying after so so many years fighting to make this easy and enjoyable …

US Dollar Index and Euro … come to papa!

here is the EUR vs USD. note, a pretty wide band of target zones and when working w/ FX that’s just too much risk …

so, a majority of the USD Index is made of Euro so what is the USD doing and we can use that as a mirror image …man, what a target zone on the USD!

FX Currency update

last post on US Dollar Index: https://bartscharts.com/2021/02/22/usd-index-close-to-a-big-move-up/

well, it’s certainly getting interesting.

watch the levels shown on the GBP and the EURO and USD Index to get a feel for what might be coming this week.

IF we hold these levels then expect dollar strength .. EURO and POUND weak.

IF we FAIL on these sell patterns for the EURO and the POUND then the dollar will take a pounding and go right into the level we have been waiting for what seems like a LONG LONG time … stay tuned tonight.

personally, WAITING and have a “hunch” that the levels will fail (USD weakness) and go forth and attack the lower level shown on the USD Index which is the SAME level equal to EVERY move lower in the USD in the past 30+ years. worth waiting for … don’t you think?

New Taiwan Dollar

well, the US struck Syria today.

Spratley’s are heating up and, well, they always have … made me think of China and Taiwan.

Would you check out the BUY PATTERN on the New Taiwan Dollar? Two MAJOR patterns on a monthly chart all coming in/around the same area.

PAY ATTENTION.

Math we like … EUR vs JPY

believe it or not, I learned to trade as a SPOT Fx dude ..no kidding. No stocks, no futures, no ETF’s out of the Navy I jumped right into the INSANE world of SPOT FX …

I still trade the SPOT MARKET … I’ll check out the majors, then the crosses and see what’s the scoop. no kidding, I once heard that ALL the world bonds and commodities and stock markets would have to operate for 90 days non-stop to match the liquidity of ONE DAY on the Currency Market. YEW …

in this case we have a currency pair as the EURO vs the Japanese Yen. chart goes up the Euro is stronger. chart goes down the Yen (versus the Euro) is stronger … it’s as simple as that.

I’m cruising the charts waiting to get locked down in CA and saw a neat chart to my eye. I just started working this chart and …boooooom … we find a level as depicted.

Let’s make this easy, when we have a LOT of math in a really TIGHT area we HAVE to take a swing at the bat … now, that being said, that is some nice thrust from the 121.62 area but I think that last thrust up was the end of a flat correction. so the recent wave down, should (trust my count or not 🙂 not sure I do or I don’t to be honest 🙂 ) go to our targeted BUY ZONE. Say 120.50-121.

let me know if you have any questions on how the levels were derived …

oh, in the spot fx world, w/ SO MUCH math in one area, I usually give myself 30 pips below – max- for my stop out. w/ the liquidity of the FX and the math as shown, go down to a 1 minute chart for the entry .. seeing these levels hit, instantaneously watching the reaction and to think that w/ a home computer and some PATTERN work the entire world STOPPED selling EUR vs JPY and started BUYING EUR vs JPY. still amazes me … I’m always surprised to see this insane way to look at anything rational about the markets work from time to time ….

good weekend to you – Bart

03/08/2020 Asian Open Update

the USD vs YEN cross rate is a BIG FX pair to monitor for equity strength and weakness. we had a nice ‘nominal’ 1100 point gap down to the open the DOW futures in Asia and a 20 percent drop in crude. rocking and rolling folks …

as the night progresses, just watch 102.06-103.20 on the USD vs JPY and, a little lower 100.62. We’ve already sliced thru 2 years of support – easily – but do look for these levels to offer a modicum of support over the coming hours/day (s?)

watch the USD vs JPY YEN chart below and these key levels for support of the US equities

Pound … almost time? UPDATE to the UPDATED and UPDATED 10/22/2017

10/22/2017 – pound smacked into a wall of China resistance area.  this one is tough … as you can see below, we did NOT work the triangle correctly and the rally continued into the polarity zone.  the reason it’s tough is because of the very nice and basic time cycle shown below.  it’s almost perfect and, for roughly 30 years, this cycle has caused the pound to explode higher … the ‘middle cycle’ in the time of 2000-2002 based for a while before exploding.  so, do you trust POLARITY of the CYCLE?  Call me crazy but I’m in favor of the cycle for now and will be looking for a BUY opportunity over the coming weeks/months as the ENTIRE WORLD has stops right above the Polarity Wall of China resistance area ….I’ll just try to look for a pattern.

it will work or it won’t … a very interesting time indeed.

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03/22/2017 – Pound carving out a triangle and then a dump into the 1.17? Only time will tell.

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12/26/2016 – still looks like we have a little more time to go into the lows.  perhaps a little lower at the targets shown (?)

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Pound … almost time? UPDATE to the UPDATED

03/22/2017 – Pound carving out a triangle and then a dump into the 1.17? Only time will tell.

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12/26/2016 – still looks like we have a little more time to go into the lows.  perhaps a little lower at the targets shown (?)

page_16-12-26_15-58-52

 

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