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Point and Figure Charting

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Dear clients!
Unfortunately, forecast release for this type of analysis is temporarily suspended. We would like to offer you to study other types of analysis in “Fresh forecast section” or check archive of this forecast which you can find below.
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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
22 Novembro	Sell-off ends abrubtly, recover extends EUR/USD has recovered and bounced higher after stopping to consolidate following the last steep sell-off. The trend is in doubt and the pair could go in either direction next, but a break above 1.3490 could see a continuation of the bounce higher towards resistance at 1.3550. A move below the 1.3440 Mais	Rising up towards range highs GBP/USD continues moving in a range-bound consolidation. Lately it has been moving up within the consolidation and is now at 1.6195, approaching the the 1.6255 range highs. It will probably continue until reaches 1.6255, at which point it will be at a pivotal turning point where it could either rota Mais	Up-trend continuing The USD/JPY has risen up and broken above its 100.70 target. It reached new highs at 101.34 and then rotated lower. It is currently still pulling-back. It may fall back all the way to 100.70 before finding support and resuming the dominant short-term up-trend. The next target higher is the count to Mais
21 Novembro	Resuming down-trend	Range-bound trading continues	Up-trend resumes
20 Novembro	Up-trend continuing	Trading in a range	Consolidating at highs
19 Novembro	Recovery continues	Trading in a range	Pulling-back in up-trend
18 Novembro	Nearing resistance	Rising within its range	Pulling-back in up-trend

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Point and Figure Charting

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