- Dollar moves to bull phase against the Loonie, but it's ghosting (USD/CAD).
|pps||pps open||upper pivot||lower pivot|
|EUR/USD US$1.33||US$1.27 sep13||US$1.31||US$1.24|
|GBP/USD US$1.57||US$1.54 sep8||US$1.58||US$1.51|
|EUR/JPY ¥112.55||¥112.22 sep14||¥108.43||¥103.21|
|USD/CAD C$1.03||C$1.03 sep23||C$1.09||C$1.03|
|USD/MXN M$12.64||M$13.07 sep2||M$13.50||M$12.72|
The bull signal on USD/CAD is appearing and disppearing at a fairly high rate this morning, meaning the pair is right on the edge of a true bull signal. By convention, what counts is the signal at the close of the normal U.S. market day -- 4 p.m. Eastern.
If it proves to be a valid switch to the bull phase, then the preceding bearish period lasted 16 market days and carried the price down 3.3%
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.
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.