- New monthly Person's Pivot levels for all currency pairs.
- Euro show bull signal against the dollar, ghosting to the bullside against the yen (EUR/USD, EUR/JPY).
- Dollar drops sharply against the loonie, peso, but no signals.
| pps | pps open | upper pivot | lower pivot | |
|---|---|---|---|---|
| EUR/USD US$1.28 | US$1.27 sep1 | US$1.31 | US$1.24 | |
| USD/JPY¥84.44 | ¥85.15 aug24 | ¥86.06 | ¥82.82 | |
| GBP/USD US$1.55 | US$1.59 aug11 | US$1.58 | US$1.51 | |
| EUR/JPY ¥108.22 | ¥107.13 aug31 | ¥108.43 | ¥103.21 | |
| USD/CAD C$1.05 | C$1.06 aug31 | C$1.09 | C$1.03 | |
| USD/MXN M$13.04 | M$12.70 aug20 | M$13.50 | M$12.72 | |
The Person's Pivots reset at the beginning of each period, rather than using a trailing foruma. So this being the first day of September, the pivots have all reset. Happy Pivot Day!!
The EUR/USD bull signal came as the price drove up to the midline, US$1.29, then then pulled back. The preceding bear phase over 15 trading days produced a profitable 3.9% price decline.
The EUR/JPY pair is also up sharply, and USD/CAD and USD/MXN are down sharply. But there are no new signals.
The analysis uses the daily Person's Proprietary Signal, developed by John Person, and the monthly Person's Pivot, which he also developed.
These are black box signals -- the "proprietary" means that Mr. Person knows how they work under the hood, and I don't. But they have shown a fair degree of success in identifying good entry and exit points, and I find them useful.
On the glance, "pps open" means the price at the start of trading in the United States on the day the signal appeared.
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.
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