Point and Figure Charting in Forex

[MDunleavy]

EUR/USD rose during the Thursday session as traders celebrated successful bond auctions in both Italy and Spain. However, the recent downtrend is certainly intact, and it is hard to think that it suddenly will give way based upon these two sales. The 1.30 level above is the start of significant resistance, and we are looking to sell weakness in that area if it appears. The candle does suggest some possible follow through over the next day or two, but we aren’t willing to won the Euro in general and there are simply far too many problems in that part of the world right now. We are selling rallies going forward.[by forex-download]

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A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2)

[MDunleavy]

GBP/USD rose again on Monday as traders continue to sell off the US dollar in general. The Pound did well against the Greenback, but only marginally so. The rise was somewhat tempered by the 1.56 level, and we saw the pair pullback a bit. We are still bearish of this market overall, but think that a rise to test 1.57 again is very possible at this point.

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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex
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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex
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A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2)

[MDunleavy]

*The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD.
*The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. This was despite solid economic data coming out of the US.

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A t t a c h m e n t (1) <~~OR~~> A t t a c h m e n t (2)

[MDunleavy]

USD: From its lowest levels since early December of just below 78.50, the DXY index rallied as risk sentiment turned less hospitable. Even so, the DXY index remains below its 100-dma at 78.749.

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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex
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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex
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A t t a c h m e n t

[MDunleavy]

The dollar has risen versus its major currency counterparts despite a late week downside correction; this came after the heavily weighted EUR/USD currency pair rallied almost 200 pips on Thursday along with cable and other majors...[by forex-fx-4x]

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~~~>https://docs.google.com/leaf?id=0Ahx...ut=list&num=50
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~~~>https://docs.google.com/document/pub...WipS6mND6YTepY