Unfamiliar with Gann Square Root Relationships? Learn more about them here.
Foreign Exchange Price & Time at a Glance:
Price & Time Analysis: USD/JPY
USD/JPY Strategy: Square for the moment. Need to see the rate settle over 102.75 before committing to long positions.
Price & Time Analysis: USD/CAD
USD/CAD Strategy: Like the long side while over 1.0905.
Focus Chart of the Day: USD/CHF
As we made mention on Monday, the next 24-36 hours or so look important for the Euro from a short-term cyclical perspective. This logic extends to USD/CHF as well as the exchange rate has some interesting Fibonacci time relationships of its own converging over the next day or so. A reversal of some kind looks possible during this time especially if the rate can continue to hold above key support near .8850 (2013 closing low). A settle over .8900 would be further evidence of at least a near-term bottom.
This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved.