Forex: Euro on the move

The euro is on the move this morning, switching Person's Proprietary Signal to bull phase against three other currencies. The pound also moved to bull phase against the yen.

The pairs are: EUR/CHF, EUR/JPY, EUR/USD, GBP/JPY.

EUR/CHF

The phase switch comes on the third uptrending day. Person's monthly pivots: Upper SF1.4531, mid SF1.4265, lower 1.676.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/CHF SF1.3958

The previous bear phase, beginning May 26, produced a 3.8% decline at the low and a net 2.5% profit throughout the bear phase.

EUR/JPY

The phase switch comes on the third uptrending day. Pivots: Upper ¥122.23, mid ¥115.52, lower ¥98.88.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/JPY ¥1.3957

The previous bear phase opened June 4 after a two-day whipsaw. It produced a 4.1% decline and a net 1.2% profit.

EUR/USD

The phase switch comes on the fifth day of an uptrend punctuated by two counter-trend days. Pivots: Upper US$1.3062, mid US$1.2602, lower US$1.1385.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/USD US$1.2286

The previous bear phase, beginning April 16, produced a 12.5% decline and a net 10.6% profit.

GBP/JPY

The phase switch comes on the third day of an uptrend, with a counter-trend day sandwiched between the two others. Pivots: Upper ¥142.77, mid ¥134.74, lower ¥116.56.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
GBP/JPY ¥135.55

The previous bear phase, which opened June 7, proved to be a five-day whipsaw. It produced a 1.4% decline to the low and a net loss of 1.3% signal to signal.

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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.