5/3 Watchlist: Forex

Forex currency pairs showing Person's Proprietary Signal bull phase:

Confirmed, bull:

• AUD/JPY, 4/29. The April 29 pps signal proved to be a ghost -- it disappered from the chart, as the pps is wont to do on occasion. There's a new pps bull signal today, with a price rise to well above the moving average. This counts as a bounce and confirmation. The upside pivat is at ¥90.34.

Awaiting confirmation, bear:

• EUR/CHF, 5/3. New today.  Trading entirely below the moving average, but I would want to see a move below range before declaring it confirmed. Downside pivot at SF1.399
• GBP/CHF, 5/3. New today. A rise above the moving average, and then a retreat tothe line. If it moves below the ma, then it's confirmed. Downside pivot at SF1.6045

EUR/CAD showed a bear flag on Friday but has retraced nearly all of that day's rise in a move decisively below the moving average. I's start tracking it if it reverses, otherwise, not.

This is the old-style analysis, what's left of it:

Forex currency pairs showing parabolic sar bear signals:

• AUD/NZD, 4/19.
• AUD/USD, 4/19.
• CHF/JPY, 4/19.
• EUR/CAD, 4/21. Switched to bull phase on the psar. Exiting the signal as a WASH for a decline of 0.1%.
• EUR/GBP, 4/20, 4/21.
• EUR/JPY, 4/19.

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A note on method: For stocks, I choose among signals, only watching those that meet a set of criteria aimed at  moving the probabilities more in my favor.

For the 16 forex pairs I follow, I watch all signals, even when the trend is weak and the whipsaws likely.

Abbreviations:
psar - Parabolic Stop and Reverse
pps - Person's Proprietary Signal

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