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Posts Tagged ‘currencies, trading, ranges, balance’

USDCAD Balanced Range for 9/22/2017

September 23, 2017 Leave a comment

USDCAD Balanced Range for 9/22/2017

Balanced Range Low: 1.2026

Balanced Range High: 1.5460

The balanced range is a proprietary measure of what the extreme low and high ends of price range are expected to be over the medium to long-term.

At times, currency pairs may be observed to be priced either above or below the balanced range. Generally, two things could happen when this is observed:

1. Price moves back toward the range – if it is below the range, then it moves higher in price and if it is above the range, it moves lower in price;

2. The range itself shifts either up or down to “engulf” the current price

Sometimes a combination of both may occur – price moves and the range moves simultaneously.

The balanced range is not designed to be the sole basis for your trading decisions and this post does not constitute investment advice. You should always seek the advice of a professional investment advisor before making any investments.

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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USDCAD Balanced Range for 9/15/2017

September 16, 2017 Leave a comment

USDCAD Balanced Range for 9/15/2017

Balanced Range Low: 1.2199

Balanced Range High: 1.5449

The balanced range is a proprietary measure of what the extreme low and high ends of price range are expected to be over the medium to long-term.

At times, currency pairs may be observed to be priced either above or below the balanced range. Generally, two things could happen when this is observed:

1. Price moves back toward the range – if it is below the range, then it moves higher in price and if it is above the range, it moves lower in price;

2. The range itself shifts either up or down to “engulf” the current price

Sometimes a combination of both may occur – price moves and the range moves simultaneously.

The balanced range is not designed to be the sole basis for your trading decisions and this post does not constitute investment advice. You should always seek the advice of a professional investment advisor before making any investments.

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.

USDCAD Balanced Range for 9/11/2017

September 10, 2017 Leave a comment

USDCAD Balanced Range for 9/11/2017

Balanced Range Low: 1.2308

Balanced Range High: 1.5373

The balanced range is a proprietary measure of what the extreme low and high ends of price range are expected to be over the medium to long-term.

At times, currency pairs may be observed to be priced either above or below the balanced range. Generally, two things could happen when this is observed:

1. Price moves back toward the range – if it is below the range, then it moves higher in price and if it is above the range, it moves lower in price;

2. The range itself shifts either up or down to “engulf” the current price

Sometimes a combination of both may occur – price moves and the range moves simultaneously.

The balanced range is not designed to be the sole basis for your trading decisions and this post does not constitute investment advice. You should always seek the advice of a professional investment advisor before making any investments.

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.

USDCAD Balanced Range for 8/30/2017

August 31, 2017 Leave a comment

USDCAD Balanced Range for 8/30/2017

Balanced Range Low: 1.2308

Balanced Range High: 1.4875

The balanced range is a proprietary measure of what the extreme low and high ends of price range are expected to be over the medium to long-term.

At times, currency pairs may be observed to be priced either above or below the balanced range. Generally, two things could happen when this is observed:

1. Price moves back toward the range – if it is below the range, then it moves higher in price and if it is above the range, it moves lower in price;

2. The range itself shifts either up or down to “engulf” the current price

Sometimes a combination of both may occur – price moves and the range moves simultaneously.

The balanced range is not designed to be the sole basis for your trading decisions and this post does not constitute investment advice. You should always seek the advice of a professional investment advisor before making any investments.

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.

U.S. Dollar – DXY Dual Resistance Drop

August 29, 2017 Leave a comment

The U.S. Dollar (DXY) sits near dual resistance of 92.44 and 92.16.

Below 92.16 is the the more important level of 91.88. Should that level not hold, then the DXY could eventually dip into the 80’s. However, it would not be surprising for the Dollar to find some support near 91.88.

The big picture view of the DXY:

5/5 – 120.00

4/5 – 112.97

3/5 – 105.94

2/5 – 98.91

1/5 – 91.88

0/5 – 84.85

Current levels of interest for the Dollar:

5/5 – 93.28

4/5 – 93.00

3/5 – 92.72

2/5 – 92.44

1/5 – 92.16

0/5 – 91.88

The failure yesterday of the DXY to hold above the 92.44 top of the dual resistance level could indicate weakness or simply that the Dollar will test resistance. Bouncing and holding above 92.44 could represent at least a short-term bounce.

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.

Oil and 46.63

August 28, 2017 1 comment

Today the oil price (WTI) continued to drop, despite a weaker U.S. Dollar (DXY). This dip was revealed through a signal given by SCO and discussed here.

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The short signal for WTI was given when SCO rose to 40.24 on August 14th. This was above it’s Balanced Price Range at the time of 30.65 to 39.68. Since SCO is a short crude oil ETF this indicated that sentiment would be moving strongly against the WTI, which it subsequently did. SCO closed the day today at 41.02 while the WTI (Continuation) ended up at 46.57.

All of this brings us back around to the title of this post, “Oil and 46.63”. What’s so special about 46.63? Well, it’s part of a cluster of support at 47.34 and 46.63. On Friday, August 25th, WTI made a low of 47.39 which was still above the cluster. Today WTI managed to push below both 47.34 and 46.63, but has since rebounded above 46.63.

A close below 46.63 opens up the possibility for WTI to move to 45.93 which is actually part of a larger resistance cluster of 49.45 and 45.93 where WTI has been spending a fair amount of time recently.

The bigger picture for WTI is:

5/5 – 60.00

4/5 – 56.48

3/5 – 52.96

2/5 – 49.45

1/5 – 45.93

0/5 – 42.42

The nearer term picture is:

5/5 – 49.45

4/5 – 48.74

3/5 – 48.04

2/5 – 47.34

1/5 – 46.63

0/5 – 45.93

Below that is:

5/5 – 45.93

4/5 – 45.23

3/5 – 44.52

2/5 – 43.82

1/5 – 43.12

0/5 – 42.42

A weekly close below 45.93 for WTI would make that level resistance. Breaking below 42.42 could potentially open up the possibility of WTI moving substantially – even to below the mid-30’s.

For now, WTI bouncing above 46.63 has the lower part of the cluster of resistance at 47.34 and 46.63 holding for the moment. That WTI has dipped despite the DXY weakness may not bode well going forward. But, let’s see if 46.63 can hold or if the sell signal given by SCO for WTI on August 14th continues to point to lower crude oil prices.

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.

USDCAD Balanced Range for 8/23/2017

August 23, 2017 Leave a comment

USDCAD Balanced Range for 8/23/2017

Balanced Range Low: 1.2470

Balanced Range High: 1.4788

The balanced range is a proprietary measure of what the extreme low and high ends of price range are expected to be over the medium to long-term.

At times, currency pairs may be observed to be priced either above or below the balanced range. Generally, two things could happen when this is observed:

1. Price moves back toward the range – if it is below the range, then it moves higher in price and if it is above the range, it moves lower in price;

2. The range itself shifts either up or down to “engulf” the current price

Sometimes a combination of both may occur – price moves and the range moves simultaneously.

The balanced range is not designed to be the sole basis for your trading decisions and this post does not constitute investment advice. You should always seek the advice of a professional investment advisor before making any investments.

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.