Entries by Peter Brandt

A chart analysis of the Swiss Franc

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Charts indicate that the USD/CHF could trade at 1.1200 and perhaps as high as 1.2350.

Swiss National Bank is intent upon driving the Franc lower (i.e., USD/CHF higher)

 

Note: This report represents the type of analysis routinely provided to members of the Factor Service. Members of the Factor Service have been advised for three weeks to be long USD/CHF. For information on the Factor Service, click "Subscription" on the upper menu bar. The membership rate for new members to the Factor Service will be increased by $100 per year beginning January 1.

When analyzing the charts of a commodity, stock or foreign exchange pair, it is always best to start with a long-term view and work towards the shorter-term.

The 100-year chart of USD/CHF shows that the USD is extremely cheap in historical relationship with the CHF, as shown below. Market observers who believe the USD/CHF cross is overheated do not have a clue. The clueless bunch were screaming "overbought" on USD/JPY back in Jan 2013 when the cross was under 90 to 1, on its way to 123 to 1.

USD.CHF 100 years Read More

Live Cattle charts confirm a major top

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A major top has been confirmed on the Live Cattle price graphs, projecting significantly lower prices.

The weekly continuation graph completed a 14-month H&S top on Aug 21. The general target of this top is sub-120.
9.16_LE057_W

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The bearish case in Silver is back on the table

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Seven month symmetrical triangle has been confirmed

Decline on August 25 triggerd an 8-week H&S failure

In recent weeks I have presented to members of the Factor Service the possibility that  why The Silver chart is a textbook example of the veracity of classical charting principles. Some of the features on the weekly graph include:

  • The blow-off top in April 2011 accompanied by record blow-of volume
  • The rising wedge retest of the top completed in September 2011
  • The continuation H&S pattern completed in April 2013
  • The descending triangle completed in September 2014
  • The symmetrical triangle completed in June 2015

8.26_SI_W Read More