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 Tháng mười một | 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 | 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 | 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 |
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