Thread: Point and Figure Charting in Forex

The British pound reversed its gains and closed lower. Is this the beginning of a long term move?

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~~~>https://docs.google.com/document/pub...d.wnlh7655fung
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A t t a c h m e n t

*The GBP/USD may continue its drop if data from the U.K. or other global economies remained bearish as it will increase the appeal of the dollar as a safe haven. On the hand, the dollar may remain boosted by the $447 billion jobs stimulus plan proposed by president Obama the pervious week.
*This week, the main attention will be on inflation data from both economies as it will give an update about inflation status amid expectations that there might be monetary intervention by the Fed on Sep. 20-21 meeting and by the BoE later in the year.

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~~~>http://img263.imageshack.us/img263/640/11sep111.pdf

Reasons for a major turn in the us dollar
Bullish dollar
While the Dollar Index hits multi-decade lows and as the euro continues to trade within striking distance of record highs, savvy investors are beginning to wonder if the current market conditions present a unique opportunity to buy the US currency at ultra-cheap levels....[ by fxtrademaker]

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~~~>http://img545.imageshack.us/img545/7531/11sep20.pdf
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Market Commentary Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go sideways.

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~~~>http://img19.imageshack.us/img19/1197/11sep25.pdf
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The New Zealand dollar continued lower for another week. Where will it stop? NZIER Business Confidence is the major event this week.
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Trade Idea:Nzd/Usd - Sell Stop at 76.00; Target: 74.00 ; Stop: 77.14



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~~~>http://img828.imageshack.us/img828/1056/11oct021.pdf

I am neutral on USD/JPY.
While the pair finally closed above 77 and has room for gains in the long run, it is hard to see the pair making a serious move right now. The high level of optimism probably won’t be repeated right now.[forexcrunch]



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~~~>http://img269.imageshack.us/img269/3568/11oct17.pdf

Updated review Usd\Jpy
See post above too.
~~~>img402.imageshack.us/img402/7995/11oct22.pdf

The Canadian dollar made more gains against the US dollar and crossed the line of parity. GDP and employment data are the major events this week. Here’s an outlook for the Canadian events and an updated technical analysis for USD/CAD.[forexcrunch]

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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex
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~~~>http://img27.imageshack.us/img27/3191/11oct30.pdf
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~~~>BJF_Trading_Group_Point_and_Figure_for_Forex

USD/CAD bounced this past week as traders sold off a lot of risk-related assets globally. The pair finished strongly above the parity level, and as such has us thinking long at this point. However, the 1.03 area will be resistive, and as such we are waiting for a close above it in order to buy. The selling of this pair can be done if we break the lows of this past week’s candle. Until then, we think this market goes sideways.[by fxempire]

~~~>iticsoftware.com/postimages2//201009/11Oct25.html
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~~~>img249.imageshack.us/img249/4943/11nov06.pdf
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~~~>mdunleavy.byethost7.com/11Oct25.html
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A t t a c h m e n t

Code:

https://docs.google.com/leaf?id=0BxxKzvQ2GlM8NzIwOWUyMGYtMDczZi00NDNkLWJlYTMtNmZmZGRlYmM5MTQ3&sort=name&layout=list&num=50