Here on the EXY The Euro Index we have the daily and weekly outlook. Now, the euro is playing off a 222 pattern off the Daily chart and the price level is quite significant. Now, for those who have been looking at my charts for quite sometime you will know i hate oscilitaors but until i get candlestick charting down a bit better i use them as a form of...
Here on the Cable Aussie we have two patterns one i drew and another one from the Software. What im looking for is this current 4 hour candle to close as an engulfing candle at the very minimum a piercing pattern. I will also be looking for the oscillator confirmation. the pattern is a butterfly pattern i have drawn and i think the software picked up either a bat...
Here on the Euro Index we have a Gartley Pattern that has completed and completed a T1 set up! I think we are going to see PA retrace into the PRZ. From a techinical standpoint. Now on to the COT Data. The COT indicates that the Euro is still a strong buy! The big players are still increasing their positions fueling the trend up on the Euro. Selling the Euro...
Okay, The King Dollar! we have a bullish crab pattern that has completed it first target. The Crab pattern completed a T1 set up all. PA marched all the way to the 382 and reversed almost not a pip more either. we had a few trades happen above the 382 but not many! This week we could see some good down moves on the dollar, maybe all the way down to the Crab PRZ....
So on the CXY we have an incomplete Bat Pattern we see PA enterered the PRZ and was severly rejected without completing the pattern. We need the entire box to be tested before the pattern is complete. So, on the COT what we have are the Consumers and Producers buying and selling to eachother. As open interest has increased but the Non-Coms have reduced both...
On the Cable we have it where the pair completed a Alternate Bat pattern but not before it tested the Patterns Harmonic Optimal Price. The price gapped down and slid ever since. This is the First time in a few days where there was a bullish day and i do believe there will be more. both sides are stepping closer to the Zero Line and we might see a switch in the...
Okay, So very interesting stuff on the AXY and their COT report. Both sides have take major steps back and the pair might not be safe to trade this comming week. Earlier this month the RBA decided to keep the interest rate at .25% and not raising the intrest rates any biasis points. so, as to why both sides have closed positions is unsual. the open interest...
On the Pound Aussie we have a 222 pattern, and right now im waiting for the AMP RSI and HSI to trigger a signal which might Happen here in 7 minutes. Now, on to the fundamentals... the 5 year Pound Bond Yields looks like its wanting to form a double bottom which could attract more investors into the pound if it does actually bring value to the pound. I chose...
So, the Swiss Franc is generally used as a reserve currency. Something different from The Reserve Currency, but similiar. During times of high volatility investors look to throw their money in safe haven currencies like the Swiss to protect from the wild whipsaws of the market. So, here on the swiss there are no Harmonic Patterns to speak of so the COT data will...
On the Yen Index we are seeing some play off the 50%. there are no Harmonic Patterns currently on the Index but off the Fibo. so for the monday trap move we can have a move up to the 50 and then reverse. The Commercials have increased their longs by 10,000 orders. Now, an interesting thing on the Non-Coms side of things is that the Shorts marginally increased...
The Euro backs the Dollar Index (DXY) by something of 50 something percent on the chart we see a gartley pattern that has completed and on the way down. Now Scott Carney, whom i think is next chartist genius next to Gann, Elliot, Dow, and Gartley. He was able to take all their readings and somehow make one of the most traded or talked about trading systems in the...
Here on the Dollar Index we have a deep crab pattern (it was drawn on the smaller timeframes). price came down to the HOP and was rejected! Now what we can see (and will be backed by the COT data later in the post) is the dollar fall a bit more to retest the level and might have a rebound. Now, on to the COT data. we have the Commercials increasing thier longs...
Okay, here is why I decided to learn and study the COT. the pattern is a bearish bat pattern with a permissible tolerance of 3% of the B-point. Its a gorgeous pattern and could possibly go long term; however, i dont see it happeneing. The pattern is showing a sell and the COT which reports the big players positions a potential buy. so i would say approach the CAD...
Ok, the Aussie currently is currently getting rejected from the major resistance level. there is no real harmonic pattern to draw so here is the COT analysis. i think the aussie might be making moves to switch sides the open interest increased by 3500 orders the Commercial Longs reduced their positions by 4500 orders while the commercial shorts increased their...
Here we have the BXY or the Pound Index. Im not gonna pretend i know what curriencies make up the BXY its worth a google if you want to know. But what we have here Is an Alternate bat pattern that tested the HOP and was rejected. I am gussing the pattern will drive down to the 382 retracement of this pattern and then start moving up. I say this becasue when you...
Here on the Pound Dollar (GBP/ USD) we have an Bearish Alternate Bat pattern. Honestly i drew this pattern earlier this week and i cant remember the demensions. With the COT datat though this is an interesting pair. The dollar index is weakening and the Pound is already bearish. the current stats are (-8 867) and previous stats (-16 438) and these are the Net...
Here on the Euro/ Dollar we have a permissible 222 pattern. Price has tested the HOP and was rejected. What im waiting on is the indicators to tell me PA is exhausted. will update later.
On the Pound we have a Bearish Bat Pattern the top of the prz is the CD Leg max the 2.618 and the 886 is on the lower side. we see that price shot right through the PRZ and created a big wick PA came right to the HOP level of this pattern and was rejected. i wanna see the RSI go a bit lower and i do wanna see the HSI on the other side and in the upper extreme...