First, the range. Friday March 8, the range prices were 1.3133 high minus 1.2954 low = 179 pips, divide by 2 and my range is 89.1 pips, divide by 3 and my range is 59.2, multiply 179 by 2 = 358, True Range Average, 1.3043. Are we any smarter by this information, no.
How about measurement of a candlestick or sets of candles, no help either unless candles are measured for what they are and that is the Boxcar Average separated by either an average or Median Line to represent…Continue
Here's a bunch of Non Farm Payroll data, a series that dates historically to 1939. Current data dates from 2003 - present March 2013 because it appears a series change occurred either in the calculation or different manner to look at the data, inclusion of additional data possibly. Not sure regarding this point.
My highly non scientific forecast for today's release is 173,010 and a high of 179,340. This number shouldn't be held in any regard. Most important is…Continue
I last reported an historic average Feb 22 at 1.21186. Today's average now sits at 1.21229, a difference of 43 pips.
Last reported target was 1.2830, now 1.2832, 2 pip difference and a level that must break in order to see lower prices. Last reported upper end price target was 1.4002, today's change is now targeted at 1.4001, a 1 pip difference.
Further upper end targets next season: 1.3542 and 1.4252. Last reported targets were 1.3542 and 1.4254, a 2 pip…Continue
The fact that EU broke the all important line of demarcation that signifies long to short at 1.3214 Wednesday after the release of the FOMC minutes, now says we have a short EU market. We are now in sell rally mode.
Many tout the 1.3240 level to sell corrective pullbacks. This level is a minimum pullback since its only the 5 day average target. 1.3188 was yesterday's 50 day average target so hence the reason for its technical significance today. More importantly, 1.3185 was…Continue