Wednesday, June 9, 2010

Forex USD/CHF

The U.S. dollar-Swiss franc currency pair (USD/CHF) switched to bear phase on Persons' Proprietary Signal as the intraday price tumbled 0.9% high to low.
trendadxpsarppsmacdmacd
trend
stosto
trend
SF1.1455

The pps trailed the parabolic sar by three days and the macd by five, an uncharacteristically long lag for the pps signal.

Reversal Levels
  • SF1.1730, +2.4%
  • SF1.1673, +1.9%
  • SF1.1455 <== You are here.
  • SF1.0922, -4.7%
The Person's Pivot midline is SF1.1324, the upper SF1.2289 and the lower SF1.0952 The dollar-franc pair tends to be strongly trending. When it gives a signal, the price tends to respond with a significant move.

The most recent pps bull phase, beginning April 19, carried the price up 10.3% to the swing high. The bear signal kicked in six days after the high, so the net gain is 9.4%


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Disclaimer
Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.
Abbreviations:
  • psar - Parabolic Stop and Reverse
  • adx - Average Directional Index
  • pps - Person's Proprietary Signal
  • ma20 - 20-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
  • adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
  • psar, pps, macd: green for bull mode, red for bear
  • sto: green for overbought, red for oversold, yellow for the neutral zone.

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