The Point and Figure charting method represents price changes in 'parcels' of rather than bars on normal charts. It was developed as a short-hand for noting changes in price action by traders monitoring fast moving markets before the advent of computers. It's advantage is that it cuts out unnecessary 'noise' and highlights the main trend. It also gives objective buy and sell signals and reliable price objectives or 'counts'.
| 2013 | EURUSD | GBPUSD | USDJPY |
| 18 October | The EUR/USD pair has broken higher, resuming its short-term up-trend. It has met the up-count target at 1.3685 and may consolidate before going higher. There could be a pull-back to the 1.3640s where the previous high is situated. The short-term up-trend would be expected to resume eventually, how | The GBP/USD has risen swiftly, surpassing its target at 1.61025 and probably reversing the short-term down-trend, although not definitively. All main targets on the larger 0.003 box chart have been met, indicating the possibility the pair may be over stretched to the upside, however, the absence of | The USD/JPY pair has fallen heavily and broken down below its 45° trend-line, shifting the short-term trend from up to down. The new down-target is quite far below at 95.65. The pair is currently consolidating but it is expected to go lower eventually in line with the short-term trend. A renewed mov |
| 17 October | |||
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| 14 October |
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