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Thread: Point and Figure Charting in Forex

  1. #11

    Default

    Canadian dollar continue to be the biggest winner in worldwide concern of sovereign risks due to it's relatively low deficit and healthy fiscal position. Canadian dollar is up 4% against Sterling and 3.9% against Euro. EUR/CAD dipped further to as low as 1.4224 so far as the down trend continued and is still on course for 1.4 psychological level and then 100% projection of 1.7499 to 1.5183 from 1.6006 at 1.3690. A break above 1.4681 resistance is needed to be the first sign of stabilization or outlook will remain bearish.[Written by ActionForex.com]

    "P&F EURCAD1440 Box Size 135X5 or(4.39%) HI/LO
    Data 1.7499 - 1.3285 ~ 93 Month ~ 2837 Day
    Database 2000 records 1.43752 (Last Close)
    2002-05-13 00~00
    2010-02-17 00~00
    (GMT+01:00) Paris
    BJF Trading Group chart"

    1.7550|~135||____________________________________|-0.29%|32.1%
    1.7415|~27O||________________________X___________| 0.48%|31.09%
    1.7280|~4O5||________________________Xo__________| 1.25%|30.07%
    1.7145|~54O||________________________Xo__________| 2.02%|29.06%
    1.7010|~675||________________________Xo__________| 2.79%|28.04%
    1.6875|~81O||________X_______________Xo__X_______| 3.57%|27.02%
    1.6740|~945||________XoX_____________Xo__Xo______| 4.34%|26.01%
    1.6605|~1O8O|__X_____XoXoX___________XoX_Xo______| 5.11%|24.99%
    1.6470|~1215|__Xo____XoXoXo__________XoXoXo______| 5.88%|23.97%
    1.6335|~135O|__Xo____XoXoXo________X_XoXoXo______| 6.65%|22.96%
    1.6200|~1485|__XoX___XoXoXo____X_X_XoXoXoXoX_____| 7.42%|21.94%
    1.6065|~162O|__XoXoX_XoXoXo____XoXoXoXoXoXoXoX___| 8.19%|20.93%
    1.5930|~1755|X_XoXoXoXoXoXo____XoXoXoXoXoXoXoXoX_| 8.97%|19.91%
    1.5795|~189O|XoXoXoXoXo_oXo____XoXoXoXo_oXoXoXoXo| 9.74%|18.89%
    1.5660|~2O25|XoXoXoXoX__oXoX___XoXoXoX__o_oXoXoXo| 10.51%|17.88%
    1.5525|~216O|XoXo_oXoX__oXoXo__XoXoXoX____oXoXoXo| 11.28%|16.86%
    1.5390|~2295|XoX__oXoX__o_oXo__Xo_oXoX____o_oXoXo| 12.05%|15.84%
    1.5255|~243O|XoX__o_oX____oXo__X__oXoX______o_o_o| 12.82%|14.83%
    1.5120|~2565|Xo_____oX____oXo__X__oXoX__________o| 13.6%|13.81%
    1.4985|~27OO|X______o_____oXoX_X__oXoX__________o| 14.37%|12.8%
    1.4850|~2835|X____________oXoXoX__o_o___________o| 15.14%|11.78%
    1.4715|~297O|X____________oXoXoX________________o| 15.91%|10.76%
    1.4580|~31O5|X____________oXoXoX________________o| 16.68%|9.75%
    1.4445|~324O|X____________oXoXoX________________o| 17.45%|8.73%
    1.4310|~3375|X============oXoXoX================o| 18.22%|7.72%
    1.4175|~351O|X____________oXoXo__________________| 19%|6.7%
    1.4040|~3645|_____________oXoX___________________| 19.77%|5.68%
    1.3905|~378O|_____________oXoX___________________| 20.54%|4.67%
    1.3770|~3915|_____________oXoX___________________| 21.31%|3.65%
    1.3635|~4O5O|_____________oXoX___________________| 22.08%|2.63%
    1.3500|~4185|_____________o_oX___________________| 22.85%|1.62%
    1.3365|~432O|_______________o____________________| 23.62%|0.6%
    1.3230|~4455|____________________________________| 24.4%|-0.41%
    Column|~459O|161857681871921116166111116791676651|
    Count|~4725||4_1_____4__O_3672_5__O1192___1_____2|







    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  2. #12

    Default

    The GBP/CAD has been trading close to a bearish trend-line except one time as it crossed its trend but the bulls hadn't enough power to reverse the trend finally. After the GBP touched its first pivot resistance point which is on the same level as the trend-line the bears take control again and boosted the downward movement as the MACD tumbled. If also the pivot point will break it may clear the way through the 1.5925 level.

    "P&F GBPCAD1440 Box Size 300X4 or(5.8%) CLOSE
    Data 2.5359 - 1.6017 ~ 92 Month ~ 2814 Day
    Database 2000 records 1.60165 (Last Close)
    2002-06-14 00~00
    2010-02-26 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    2.5500|~3OO||_____________________________________ _______________________|-0.56%|59.21%
    2.5200|~6OO||____x___x____________________________ _______________________|0.63%|57.33%
    2.4900|~9OO||x___x_o_x_o_x________________________ _______________________|1.81%|55.46%
    2.4600|~12OO|x_o_x_o_x_o_x_o______________________ _______________________|2.99%|53.59%
    2.4300|~15OO|x_o_x_o_x_o_x_o______________________ _______________________|4.18%|51.71%
    2.4000|~18OO|x_o_x_o_x_o_x_o_________x____________ _______________________|5.36%|49.84%
    2.3700|~21OO|x_o_x_o_x_o___o_x___x___x_o__________ _______________________|6.54%|47.97%
    2.3400|~24OO|x_o___o_x_____o_x_o_x_o_x_o__________ _______________________|7.73%|46.09%
    2.3100|~27OO|x_____o_x_____o_x_o_x_o_x_o_x________ _______________________|8.91%|44.22%
    2.2800|~3OOO|x_____o_x_____o_x_o_x_o_x_o_x_o______ _______________________|10.09%|42.35%
    2.2500|~33OO|______o_x_____o_x_o___o___o_x_o______ _______________________|11.27%|40.48%
    2.2200|~36OO|______o_x_____o_x_________o_x_o______ _______________________|12.46%|38.6%
    2.1900|~39OO|______o_x_____o___________o_x_o______ _______________________|13.64%|36.73%
    2.1600|~42OO|______o___________________o_x_o______ _______________________|14.82%|34.86%
    2.1300|~45OO|__________________________o_x_o______ _______________________|16.01%|32.98%
    2.1000|~48OO|__________________________o_x_o______ _______________________|17.19%|31.11%
    2.0700|~51OO|__________________________o_x_o_x____ _______________________|18.37%|29.24%
    2.0400|~54OO|__________________________o_x_o_x_o_x ___x___x_______________|19.56%|27.36%
    2.0100|~57OO|__________________________o_x_o_x_o_x _o_x_o_x_o_____________|20.74%|25.49%
    1.9800|~6OOO|__________________________o___o_x_o_x _o_x_o_x_o_____________|21.92%|23.62%
    1.9500|~63OO|______________________________o_x_o_x _o_x_o_x_o_____________|23.1%|21.75%
    1.9200|~66OO|______________________________o_x_o__ _o___o_x_o_____________|24.29%|19.87%
    1.8900|~69OO|______________________________o______ _____o_x_o_x___x_______|25.47%|18%
    1.8600|~72OO|_____________________________________ _____o___o_x_o_x_o_____|26.65%|16.13%
    1.8300|~75OO|_____________________________________ _________o_x_o_x_o_____|27.84%|14.25%
    1.8000|~78OO|_____________________________________ _________o_x_o_x_o_____|29.02%|12.38%
    1.7700|~81OO|_____________________________________ _________o___o_x_o_x___|30.2%|10.51%
    1.7400|~84OO|_____________________________________ _____________o_x_o_x_o_|31.39%|8.63%
    1.7100|~87OO|_____________________________________ _____________o_x_o_x_o_|32.57%|6.76%
    1.6800|~9OOO|_____________________________________ _____________o___o_x_o_|33.75%|4.89%
    1.6500|~93OO|_____________________________________ _________________o_x_o_|34.93%|3.02%
    1.6200|~96OO|_____________________________________ _________________o___o_|36.12%|1.14%
    1.5900|~99OO|_____________________________________ _____________________o_|37.3%|-0.73%
    Column|~1O2O|8_5_6_12125_4_106_4_4_4_5_1411146_5_4 _4_4_6_6_9_4_7_7_9_5_6_|
    Count




    BJF-Trading-Group_Excel_Chart
    Last edited by MDunleavy; 03-15-2010 at 10:24.
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  3. #13

    Default

    AUDJPY
    Last week retreat after prolonged hesitation against 83.00 has been short lived and the Aussie dollar is again testing recent highs while writing these lines. Bullish momentum is formed on both intra-day and short-term charts, upside being favored while 82.30 limits losses on pullbacks. 84.00/25 is in the cards, if 83.30 breaks.

    "P&F AUDJPY1440 Box Size 170X4 or(8.35%) HI/LO
    Data 107.86 - 55.11 ~ 92 Month ~ 2797 Day
    Database 2000 records 82.852 (Last Close)
    2002-07-18 00~00
    2010-03-15 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    108.8|~17O||______________________________|-0.87%|97.42%
    107.1|~34O||_____X_X______________________|0.7%|94 .34%
    105.4|~51O||_____XoXo_____________________|2.28%|9 1.25%
    103.7|~68O||_____XoXo__X__________________|3.86%|8 8.17%
    102.0|~85O||_____XoXo__Xo_________________|5.43%|8 5.08%
    100.3|~1O2O|_____XoXoX_Xo_________________|7.01%|8 2%
    98.60|~119O|_____XoXoXoXo_________________|8.59%|7 8.91%
    96.90|~136O|_____XoXoXoXo_________________|10.16%| 75.83%
    95.20|~153O|_____XoXoXoXo_________________|11.74%| 72.75%
    93.50|~17OO|_____XoXoXoXo_________________|13.31%| 69.66%
    91.80|~187O|_____XoXoXoXo_________________|14.89%| 66.58%
    90.10|~2O4O|___X_XoXo_oXoX________________|16.47%| 63.49%
    88.40|~221O|___XoXoX__o_oXo_______________|18.04%| 60.41%
    86.70|~238O|___XoXo_____oXo_______________|19.62%| 57.32%
    85.00|~255O|_X_XoX______oXo__________X_X__|21.19%| 54.24%
    83.30|~272O|_XoXo_______oXo__________XoXoX|22.77%| 51.15%
    81.60|~289O|_XoX________o_o__________XoXoX|24.35%| 48.07%
    79.90|~3O6O|_XoX__________o________X_XoXoX|25.92%| 44.98%
    78.20|~323O|_XoX__________o________XoXo_oX|27.5%|4 1.9%
    76.50|~34OO|_XoX__________o________XoX__o_|29.07%| 38.81%
    74.80|~357O|_Xo___________o________XoX____|30.65%| 35.73%
    73.10|~374O|_X____________o__X_____XoX____|32.23%| 32.64%
    71.40|~391O|_X____________oX_Xo____Xo_____|33.8%|2 9.56%
    69.70|~4O8O|_X____________oXoXoX___X______|35.38%| 26.47%
    68.00|~425O|_X____________oXoXoXoX_X______|36.96%| 23.39%
    66.30|~442O|oX____________oXoXoXoXoX______|38.53%| 20.3%
    64.60|~459O|oX____________o_o_oXoXoX______|40.11%| 17.22%
    62.90|~476O|o_________________oXoXoX______|41.68%| 14.14%
    61.20|~493O|__________________oXoXoX______|43.26%| 11.05%
    59.50|~51OO|__________________oXoXoX______|44.84%| 7.97%
    57.80|~527O|__________________oXo_oX______|46.41%| 4.88%
    56.10|~544O|__________________o___o_______|47.99%| 1.8%
    54.40|~561O|______________________________|49.56%|-1.29%
    Column||||||316941111679151445187671584454|
    Count|||||||_3___422O___3_5___O____4______|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  4. #14

    Default

    A week of risk appetite has benefitted commodity dollars and sunk the yen as the carry trade takes center stage. Optimism is showing signs of fading as markets take inventory of current valuations in light in the anniversary on the 2009 bottom. Prices may have outpaced underlining fundamentals which could lead to a retracement of risky assets which would set up the CAD/JPY for a failed test of the upper bound of the current range.

    "P&F CADJPY1440 Box Size1 80X3 or(5.51%) HI/LO
    Data 125.09 - 70.85 ~ 92 Month ~ 2796 Day
    Database 2000 records 88.962 (Last Close)
    2002-07-23 00~00
    2010-03-19 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    126.0|~18O||______________________________________ _|-0.73%|77.84%
    124.2|~36O||____________X_________________________ _|0.71%|75.3%
    122.4|~54O||____________Xo________________________ _|2.15%|72.76%
    120.6|~72O||____________Xo________________________ _|3.59%|70.22%
    118.8|~9OO||____________Xo________________________ _|5.03%|67.68%
    117.0|~1O8O|__________X_Xo________________________ _|6.47%|65.14%
    115.2|~126O|__________XoXoX_______________________ _|7.91%|62.6%
    113.4|~144O|__________XoXoXo______________________ _|9.35%|60.06%
    111.6|~162O|__________XoXoXo______________________ _|10.78%|57.52%
    109.8|~18OO|__________XoXoXo______________________ _|12.22%|54.98%
    108.0|~198O|__________XoXo_oX_____________________ _|13.66%|52.43%
    106.2|~216O|________X_XoX__oXoX___________________ _|15.1%|49.89%
    104.4|~234O|______X_XoXo___oXoXo__________________ _|16.54%|47.35%
    102.6|~252O|______XoXoX____o_oXoX_________________ _|17.98%|44.81%
    100.8|~27OO|______XoXoX______oXoXo________________ _|19.42%|42.27%
    99.00|~288O|______XoXo_______oXoXo________________ _|20.86%|39.73%
    97.20|~3O6O|______Xo_________o_o_o________________ _|22.3%|37.19%
    95.40|~324O|______X______________o________________ _|23.73%|34.65%
    93.60|~342O|______X______________o________________ _|25.17%|32.11%
    91.80|~36OO|______X______________o________________ _|26.61%|29.57%
    90.00|~378O|======X==============oX=========X===X= X|28.05%|27.03%
    88.20|~396O|X___X_X______________oXo______X_XoX_Xo X|29.49%|24.49%
    86.40|~414O|Xo__XoX______________oXoX_____XoXoXoXo X|30.93%|21.95%
    84.60|~432O|XoX_XoX______________oXoXo____XoXoXoXo X|32.37%|19.41%
    82.80|~45OO|XoXoXo_______________o_oXo____XoXoXoXo _|33.81%|16.87%
    81.00|~468O|XoXoX==================oXo====XoXo=o== =|35.25%|14.33%
    79.20|~486O|Xo_o___________________oXoX_X_Xo______ _|36.69%|11.79%
    77.40|~5O4O|X______________________oXoXoXoX_______ _|38.12%|9.24%
    75.60|~522O|X______________________oXoXoXoX_______ _|39.56%|6.7%
    73.80|~54OO|_______________________oXo_oXoX_______ _|41%|4.16%
    72.00|~558O|_______________________o___o_oX_______ _|42.44%|1.62%
    70.20|~576O|_____________________________o________ _|43.88%|-0.92%
    Column||||||85335314541719473655314187344515654454 4|
    Count|||||||______2___O_1________1_O______O_______ _|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  5. #15

    Default

    We'd talked bout Euro's weakness against commodity currencies in our weekly report and the outlook of Sterling is no better from that. GBP/CAD edged lower to 1.5172 yesterday and the down trend remains in force for 100% projection of 1.9299 to 1.6233 from 1.7890 at 1.4842. A break above 1.5552 resistance is needed to be first signal of bottoming or outlook will remain bearish.

    "P&F GBPCAD1440 Box Size 330X3 or(4.87%) HI/LO
    Data 2.5471 - 1.5172 ~ 92 Month ~ 2813 Day
    Database 2000 records 1.53001 (Last Close)
    2002-07-10 00~00
    2010-03-23 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    2.5410|~33O||__________________________________|0. 24%|67.48%
    2.5080|~66O||__X_XoX_X_________________________|1. 54%|65.3%
    2.4750|~99O||X_XoXoXoXo________________________|2. 83%|63.13%
    2.4420|~132O|XoXoXoXoXo________________________|4. 13%|60.95%
    2.4090|~165O|XoXo_oXoXo________________________|5. 42%|58.78%
    2.3760|~198O|_o___oXo_oX_X_X___________________|6. 72%|56.6%
    2.3430|~231O|_____oX__oXoXoXoX_________________|8. 01%|54.43%
    2.3100|~264O|_____oX__oXoXoXoXo________________|9. 31%|52.25%
    2.2770|~297O|_____oX__oXo_o_oXo________________|10 .6%|50.08%
    2.2440|~33OO|_____oX__oX____oXo________________|11 .9%|47.9%
    2.2110|~363O|_____oX__o_____oXo________________|13 .2%|45.73%
    2.1780|~396O|_____o_________oXo________________|14 .49%|43.55%
    2.1450|~429O|_______________oXo________________|15 .79%|41.38%
    2.1120|~462O|_______________oXo________________|17 .08%|39.2%
    2.0790|~495O|_______________oXoX_______________|18 .38%|37.03%
    2.0460|~528O|_______________oXoXoX_X_X_________|19 .67%|34.85%
    2.0130|~561O|_______________oXoXoXoXoXo________|20 .97%|32.68%
    1.9800|~594O|_______________o_oXoXoXoXo________|22 .26%|30.5%
    1.9470|~627O|_________________oXo_o_oXo________|23 .56%|28.33%
    1.9140|~66OO|_________________o_____oXoX___X___|24 .86%|26.15%
    1.8810|~693O|_______________________o_oXo__Xo__|26 .15%|23.98%
    1.8480|~726O|_________________________oXoX_Xo__|27 .45%|21.8%
    1.8150|~759O|_________________________o_oXoXo__|28 .74%|19.63%
    1.7820|~792O|___________________________oXoXoX_|30 .04%|17.45%
    1.7490|~825O|___________________________o_oXoXo|31 .33%|15.28%
    1.7160|~858O|_____________________________oXoXo|32 .63%|13.1%
    1.6830|~891O|_____________________________o_oXo|33 .92%|10.93%
    1.6500|~924O|_______________________________o_o|35 .22%|8.75%
    1.6170|~957O|_________________________________o|36 .52%|6.58%
    1.5840|~99OO|_________________________________o|37 .81%|4.4%
    1.5510|~1O23|_________________________________o|39 .11%|2.23%
    1.5180|~1O56|_________________________________o|40 .4%|0.05%
    1.4850|~1O89|__________________________________|41 .7%|-2.12%
    Column|||||||3343311449533331115433355735357848|
    Count||||||||_____1O________213________________|




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  6. #16

    Default

    The EUR/AUD has been trading in a bearish trend-channel since the beginning of February and fell to a new all-time low. As you can see, the Bollinger Bands contracted like a bottle neck before the currency pair began its youngest bearish movement. From a technical point of view it seems that there are currently no more support levels. Also the MACD reversed and could show a bearish perspective.

    "P&F EURAUD1440 Box Size 225X4 or(5.04%) HI/LO
    Data 2.1126 - 1.4599 ~ 92 Month ~ 2808 Day
    Database 2000 records 1.47038 (Last Close)
    2002-07-22 00~00
    2010-03-30 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    2.1150|~225||_____________________________________ _|-0.11%|44.87%
    2.0925|~45O||______________________X_X_______X____ _|0.95%|43.33%
    2.0700|~675||______________________XoXoX_X___Xo___ _|2.02%|41.79%
    2.0475|~9OO||______________________XoXoXoXoX_Xo___ _|3.08%|40.25%
    2.0250|~1125|______________________XoXoXoXoXoXoX__ _|4.15%|38.71%
    2.0025|~135O|______________________XoXoXoXoXoXoXoX _|5.21%|37.17%
    1.9800|~1575|______________________XoXoXoXoXoXoXoX o|6.28%|35.63%
    1.9575|~18OO|______________________XoXoXoXoXoXoXoX o|7.34%|34.08%
    1.9350|~2O25|______________________Xo_oXoXoXo_oXoX o|8.41%|32.54%
    1.9125|~225O|______________________X__o_oXoX__oXo_ o|9.47%|31%
    1.8900|~2475|______________________X____o_oX__oX__ o|10.54%|29.46%
    1.8675|~27OO|__X___________________X______o___o___ o|11.6%|27.92%
    1.8450|~2925|X_Xo__________________X______________ o|12.67%|26.38%
    1.8225|~315O|XoXo________________X_X______________ o|13.73%|24.84%
    1.8000|~3375|XoXo________________XoX______________ o|14.8%|23.3%
    1.7775|~36OO|_oXo____X___________XoX______________ o|15.86%|21.75%
    1.7550|~3825|_oXoX___XoX_________XoX______________ o|16.93%|20.21%
    1.7325|~4O5O|_o_oXo__XoXoX_X___X_Xo_______________ o|17.99%|18.67%
    1.7100|~4275|___oXo__XoXoXoXoX_XoX________________ o|19.06%|17.13%
    1.6875|~45OO|___oXoX_XoXoXoXoXoXoX________________ o|20.12%|15.59%
    1.6650|~4725|___o_oXoXo_oXoXoXoXoX________________ o|21.19%|14.05%
    1.6425|~495O|_____oXoX__oXoXoXoXoX________________ o|22.25%|12.51%
    1.6200|~5175|_____oXoX__oXoXoXoXo_________________ o|23.32%|10.97%
    1.5975|~54OO|_____o_oX__oXoXoXo___________________ o|24.38%|9.43%
    1.5750|~5625|_______o___o_oXoX____________________ o|25.45%|7.88%
    1.5525|~585O|=============o=o===================== o|26.51%|6.34%
    1.5300|~6O75|_____________________________________ o|27.58%|4.8%
    1.5075|~63OO|_____________________________________ o|28.64%|3.26%
    1.4850|~6525|_____________________________________ o|29.71%|1.72%
    1.4625|~675O|_____________________________________ o|30.77%|0.18%
    1.4400|~6975|_____________________________________ _|31.84%|-1.36%
    Column|||||||3569474595487888756594177878898571754 2|
    Count||||||||______________________6__________O___ 4|





    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  7. #17

    Default

    Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.4798 is treated as the third leg of consolidation pattern that started at 1.4783 and is possibly targeting 1.5381 resistance. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 to conclude the consolidation and bring down trend resumption. On the downside, below 1.5118 minor support will flip intraday bias back to the downside. Decisive break of 1.4783 low will confirm that whole decline from 1.6456 has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364.

    In the bigger picture, there is no change in our bearish view. That is, medium term rebound from 1.3503, which is treated as a correction to down trend from 2.1161, has completed at 1.7043 already. Fall from there is tentatively treated as resumption of the down trend from 2.1161 and should target a new low below 1.3503. On the upside, break of 1.5814 resistance is needed to invalidate this view. Otherwise, outlook will remain bearish.[Written by ActionForex.com]

    "P&F GBPUSD1440 Box Size 250X3 or(4.33%) HI/LO
    Data 2.1161 - 1.3502 ~ 92 Month ~ 2797 Day
    Database 2000 records 1.51921 (Last Close)
    2002-08-05 00~00
    2010-04-02 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"

    2.1250|~25O||_____________________________________ |-0.42%|57.38%
    2.1000|~5OO||_________________X___________________ |0.76%|55.53%
    2.0750|~75O||_________________Xo__________________ |1.94%|53.68%
    2.0500|~1OOO|_______________X_Xo__________________ |3.12%|51.83%
    2.0250|~125O|_______________XoXoX_________________ |4.31%|49.98%
    2.0000|~15OO|_______________XoXoXo________________ |5.49%|48.13%
    1.9750|~175O|_______________Xo_oXo________________ |6.67%|46.27%
    1.9500|~2OOO|_________X_____X__o_o________________ |7.85%|44.42%
    1.9250|~225O|_________Xo____X____o________________ |9.03%|42.57%
    1.9000|~25OO|_____X___Xo__X_X____o________________ |10.21%|40.72%
    1.8750|~275O|_____XoX_Xo__XoX____o________________ |11.39%|38.87%
    1.8500|~3OOO|_____XoXoXo__XoX____oX_______________ |12.58%|37.02%
    1.8250|~325O|_____XoXoXoX_Xo_____oXo______________ |13.76%|35.17%
    1.8000|~35OO|_____XoXoXoXoX______oXo______________ |14.94%|33.31%
    1.7750|~375O|_____XoXo_oXoX______oXo______________ |16.12%|31.46%
    1.7500|~4OOO|_____Xo___o_oX______o_o______________ |17.3%|29.61%
    1.7250|~425O|_____X______o_________o______________ |18.48%|27.76%
    1.7000|~45OO|_____X________________o__________X___ |19.66%|25.91%
    1.6750|~475O|___X_X________________o__________XoX_ |20.84%|24.06%
    1.6500|~5OOO|_X_XoX________________oX_________XoXo |22.03%|22.2%
    1.6250|~525O|_XoXoX________________oXo________XoXo |23.21%|20.35%
    1.6000|~55OO|_XoXoX________________oXo________XoXo |24.39%|18.5%
    1.5750|~575O|oXoXo_________________oXo________Xo_o |25.57%|16.65%
    1.5500|~6OOO|oXo___________________o_oX_X_____X__o |26.75%|14.8%
    1.5250|~625O|o_______________________oXoXoX___X__o |27.93%|12.95%
    1.5000|~65OO|________________________oXoXoXo__X__o |29.11%|11.09%
    1.4750|~675O|________________________o_oXoXoX_X___ |30.3%|9.24%
    1.4500|~7OOO|__________________________o_o_oXoX___ |31.48%|7.39%
    1.4250|~725O|______________________________oXoX___ |32.66%|5.54%
    1.4000|~75OO|______________________________oXoX___ |33.84%|3.69%
    1.3750|~775O|______________________________o_o____ |35.02%|1.84%
    1.3500|~8OOO|_____________________________________ |36.2%|-0.01%
    Column|||||||3545416547834739356314147344436441547 |
    Count||||||||_____3______________1_2__________3___ |




    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  8. #18

    Default

    GBPCAD Review and Outlook
    =========================
    GBPCAD=GbpUsdXUsdCad
    GBP/USD closed higher due to short covering on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral signalling that sideways to higher prices are possible near-term. If it extends last week's decline, March's high crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm a short-term low has been posted.
    Long term bias for the USD/CAD bearish, the weekly close below 1,0250 signals further declines. Forming a base around parity.

    "P&F GBPCAD1440 Box Size 300X3 or(4.65%) HI/LO
    Data 2.3563 - 1.5115 ~ 58 Month ~ 1762 Day
    Database 1303 records 1.5535 (Last Close)
    2005-06-23 00~00
    2010-04-20 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"



    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  9. #19

    Default

    What's In Store for the EUR and the USD Next Week?
    At the end of a volatile trading week which has seen a turmoil in Greek bonds and has culminated with a formal request from Greece for financial aid from the EU and IMF, I explore the important economic events for the week ahead and ponder what they may bring for the EUR and the USD, I examine this morning's EUR strengthening and analyze the latest trend developments with the EUR/USD, EUR/JPY and EUR/GBP currency pairs, I note the bullish breakout of the USD vs. JPY, I examine the weakness of the GBP and CAD after series of disappointing economic reports from the U.K. and Canada.
    This is my forecast!

    "P&F EURUSD1440 Box Size 200X3 or(4.68%) HI/LO
    Data 1.6038 - 0.9607 ~ 92 Month ~ 2796 Day
    Database 2000 records 1.33811 (Last Close)
    2002-08-27 00~00
    2010-04-23 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"



    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

  10. #20

    Default

    EUR/CHF Weekly Outlook
    Despite dipping to 1.4294 briefly, there was no follow through selling and EUR/CHF recovered back into familiar range. Outlook is turned neutral again and more choppy sideway trading might be seen. On the downside, break of 1.4294 will argue that rebound from 1.4143 is completed at 1.4465 already and turn bias to the downside for this support first. On the upside, above 1.4386 will suggest that stronger recovery might be seen. But after all, we'd continue to expect strong resistance near to 1.4557 support turned resistance to limit upside and bring fall resumption sooner or later.

    "P&F EURCHF1440 Box Size 100X3 or(1.94%) HI/LO
    Data 1.6827 - 1.4144 ~ 92 Month ~ 2811 Day
    Database 2000 records 1.43556 (Last Close)
    2002-08-16 00~00
    2010-04-27 00~00 (GMT+01:00) Paris
    BJF Trading Group chart"



    BJF-Trading-Group_Excel_Chart
    BJF Trading Group|FOREX MetaTrader Expert Advisors

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