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AUDNZD Probable Price Range for 9/25/2017

September 23, 2017 Leave a comment

AUDNZD Probable Price Range for: 9/25/2017

AUDNZD Probable Price Range Low: 1.077

AUDNZD Probable Price Range High: 1.0932

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

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AUDNZD Probable Price Range for 9/18/2017

September 16, 2017 Leave a comment

AUDNZD Probable Price Range for: 9/18/2017

AUDNZD Probable Price Range Low: 1.09

AUDNZD Probable Price Range High: 1.1075

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

AUDNZD Probable Price Range for 9/11/2017

September 10, 2017 Leave a comment

AUDNZD Probable Price Range for: 9/11/2017

AUDNZD Probable Price Range Low: 1.0966

AUDNZD Probable Price Range High: 1.1211

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

Balanced Price Ranges 9-1-17

September 4, 2017 Leave a comment

Below are Balanced Price Ranges (BPRs) calculated on 9-1-17. BPRs are calculated at the end of each trading day and are intended to bracket medium and long-term price movements. They can be coupled with other tools such as Potential Target Prices (PTPs) which, although likely less accurate, attempt to reveal potential price levels and are useful for evaluating whether price will move up or down in the future. Additionally, BPRs can be compared to where current prices fall within a price grid defined by Murrey Math. If the high end or low end of the Balanced Price Range falls above or below where the grid projects price, then that reduces the likelihood that the price extreme will reach that level – at least until something changes. So, here are the Balanced Price Ranges. Afterwards will be some examples of how the information can be used.

Gold 899.0833 1591.3333
DXY 87.8567 120.2808
SPX 1853.1667 2693.8333
DJIA 16168.7500 23502.9167
WTI 20.5667 91.2000
TLT 92.3333 149.8583
DOG 15.8183 21.9717
EURUSD 0.7656 1.2487
WTIU 6.5733 41.2400
USDCAD 1.2308 1.5124
USDCHF 0.8820 1.0704
GBPUSD 1.1474 1.3727
EURCAD 1.3120 1.6619
EURAUD 1.3053 1.6162
EURCHF 0.9635 1.1498
EURGBP 0.7841 0.9350
AUDCAD 0.9231 1.1060
GBPCHF 1.0865 1.3714
AUDNZD 0.9085 1.1109
NZDUSD 0.6637 0.8206
AUDUSD 0.6795 0.8272
SCO 23.0092 47.4275

Now, looking at the BPRs above, have a look at gold. Gold has a Balanced Price Range of  899.08 to 1591.34 (rounded numbers). At the time this is being written, gold has a Potential Target Price (remember the PTP tends to be less accurate and is more useful as a guide to the direction of price) of 946.27. So, 899.08 is significantly lower than 946.27. On the high end, 1591.34 is well above the daily Probable Price Range of 1375.00 for gold.

Taking a look at the big picture price grid for gold we get the following:

8/8 – 2000

7/8 – 1875

6/8 – 1750

5/8 – 1625

4/8 – 1500

3/8 – 1375

2/8 – 1250

1/8 – 1125

0/8 – 1000

The current price grid for gold covers the 1000 to 2000 range. Therefore, both the PPR of 946.27 and the BPR of 899.08 are outside of the grid. 1591.34 is within the grid. However, until a break above the 3/8 or 1375 level discussing 1400, much less above 1500, seems premature.

In addition, another gold price grid – this one customized around base 60 – might be helpful:

5/5 – 1393.82

4/5 – 1378.64

3/5 – 1359.05

2/5 – 1339.17

1/5 – 1319.29

0/5 – 1299.41

Currently there is dual-resistance at 1319.29 and 1339.17. This is below the 3/8 or 1375 Murrey Math Level. Above that, there will be another important resistance level near 1398.82. So, again, talking about anything above 1400, much less 1500 is very premature at this point until dual-resistance is taken out.

The following chart is a helpful look at gold:

Gold-Action-Reaction-Fib-9-4-17

The gold price is currently in a descending channel. The top of that channel is a little below 1365. Until and unless the top of the channel can be broken and held, it isn’t much use discussing anything above 1400.

If gold stays within the current descending price channel, there is the possibility it will finally dip below 1000, which – at least for the present moment – would appear to make the lower end of the balanced range the most likely.

Changing gears, one other example – AUDNZD – can help demonstrate the usefulness of Balanced Price Ranges. On 8-30-17 the BPR for the AUDNZD pair was .9154 to 1.1058 and the closing price was 1.097. On 8-31-17 the BPR for the same pair was .9035 to 1.1058, but the price had risen to 1.108 which was above the high end of the BPR. The next day, 9-1-17, the BPR for AUDNZD was .9085 to 1.1108, but the price was still above the high end of the range, closing at 1.113. A closing price outside the Balanced Price Range tends to indicate there is strong momentum in one or the other direction. In this case, AUDNZD is showing strong movement to the upside. Typically, the close will not stay outside the BPR for more than a few days, although there are examples where is has remained outside the BPR for several weeks. Even after the price moves back within the  Balanced Price Range, it is possible for it to continue to move in the same direction so the closing price moving back within the BPR doesn’t necessarily mean the trend has played itself out.

Hopefully, this has given you an idea of how the Balanced Price Range can be utilized. The BPR isn’t designed to be used by itself to make decisions, but can be combined with your other tools to provide additional supporting evidence for whatever your decision may be.

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

 

 

AUDNZD Probable Price Range for 9/5/2017

September 3, 2017 Leave a comment

AUDNZD Probable Price Range for: 9/5/2017

AUDNZD Probable Price Range Low: 1.0966

AUDNZD Probable Price Range High: 1.1211

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

AUDNZD Probable Price Range for 8/31/2017

August 30, 2017 Leave a comment

AUDNZD Probable Price Range for: 8/31/2017

AUDNZD Probable Price Range Low: 1.0931

AUDNZD Probable Price Range High: 1.1065

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.

AUDNZD Probable Price Range for 8/29/2017

August 29, 2017 Leave a comment

AUDNZD Probable Price Range for: 8/29/2017

AUDNZD Probable Price Range Low: 1.0931

AUDNZD Probable Price Range High: 1.1016

Click here to learn the basic elements behind the Probable Price Range (PPR).

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.