AUD/CAD - This cross flashed a significant sell signalon Friday. I view short AUD/CAD as a potentially rewarding cross in the weeks and months ahead. This is a cross that can be traded in the spot forex market or using futures contract on a one-to-one basis, although such a trade would be over-weighted to CAD.
The longest-term charts show that AUD/CAD have remained in a broad trading range for many years.
The weekly chart displays several patterns worthy of note. The decline in June 2013 completed a 24-month H&S top pattern. The decline from this H&S has queickly turned into a 41-month descending triangle pattern. This is this pattern that most has my attention. I believe that the completion of this descending triangle would result in a decline in AUD/CAD to the low end of the historical price range at .7600.
Examining the chart structures of 2011/2012 with the present period
Classical charting principles at the core represent analog analyses -- that certain price patterns tend to repeat over time with slightly different variations.
An interesting analog situation has developed in the S&Ps. Some technical analysts have declared that the current market construction is analogous to 2011/2012 and will be similarly resolved by a continuation of the dominant bull trend. I completely disagree.
Let’s examine the construction components of each period. The top chart is the S&Ps during the 2011/2112 period. The bottom chart is the current market.
Both periods had a textbook H&S top and, coincidentally, each top was completed in the month of August -- both marked as Stage 1
Both periods quickly met the target of their respective H&S top patterns only to develop a period of extreme volatility -- both marked as Stage 2
Both periods then rallied sharply back into the price zone of the initial H&S top pattern only to develop an other range of volatility -- both marked as Stage 3
https://www.peterlbrandt.com/wp-content/uploads/2016/02/Bear.jpg120195Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-02-24 13:01:372016-02-24 13:35:03Is the present decline in the S&Ps a déjà vu of 2011?
British Pound/Swedish Krona price charts displays extremely bearish construction
The weekly chart of $GBP/SEK completed an 11-month H&S top in mid January. This pattern has a price target of 11.18 SEK to 1 GBP.
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https://www.peterlbrandt.com/wp-content/uploads/2016/02/short-england-long-sweden.jpg442899Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-02-23 16:28:232016-02-23 16:36:41Short England Long Sweden — that is what the forex markets are saying
How do you spell “Disaster?” There are two spellings” AP Moller-Maersk and Sotheby’s This week two companies had some very interesting things to say about their respective markets that have implications far beyond their individual niches. First, AP Moller-Maersk, owner of the largest container shipping company in the world, said it saw, “massive deterioration,” in its […]
https://www.peterlbrandt.com/wp-content/uploads/2016/02/Container-ship-sinking.jpg537900Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-02-14 21:10:342016-02-14 21:18:07A chart that everyone stock trader MUST see
All major U.S. stock indexes are forming potential tops
A case can be made based on classical charting principles that the current decline in the U.S. equity markets is just phase one of a larger price decline -- in other words, that U.S. stocks are in a bear market. Consider the following.
Factor believes that the most significant price of the day is the closing price and the most signficant price of the week is Friday's closing price. The weekly closing price chart of the DJIA displays a possible H&S top pattern. This top has not yet been completed, but a Friday close below 15,800 would do so.
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https://www.peterlbrandt.com/wp-content/uploads/2016/02/illustration-cartoon-bungee-jumper-falling-blue-sky-background-29800242.jpg280400Peter Brandthttps://www.peterlbrandt.com/wp-content/uploads/2020/04/TheFactorReport-small-logo.jpgPeter Brandt2016-02-14 15:11:212016-02-14 15:24:45The chart case for a bear market in U.S. equities
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AUD/CAD – Chart Developing
/by Peter BrandtIs the present decline in the S&Ps a déjà vu of 2011?
/by Peter BrandtExamining the chart structures of 2011/2012 with the present period
Classical charting principles at the core represent analog analyses -- that certain price patterns tend to repeat over time with slightly different variations.
An interesting analog situation has developed in the S&Ps. Some technical analysts have declared that the current market construction is analogous to 2011/2012 and will be similarly resolved by a continuation of the dominant bull trend. I completely disagree. Let’s examine the construction components of each period. The top chart is the S&Ps during the 2011/2112 period. The bottom chart is the current market.Short England Long Sweden — that is what the forex markets are saying
/by Peter BrandtBritish Pound/Swedish Krona price charts displays extremely bearish construction
The weekly chart of $GBP/SEK completed an 11-month H&S top in mid January. This pattern has a price target of 11.18 SEK to 1 GBP.A chart that everyone stock trader MUST see
/by Peter BrandtHow do you spell “Disaster?” There are two spellings” AP Moller-Maersk and Sotheby’s This week two companies had some very interesting things to say about their respective markets that have implications far beyond their individual niches. First, AP Moller-Maersk, owner of the largest container shipping company in the world, said it saw, “massive deterioration,” in its […]
The chart case for a bear market in U.S. equities
/by Peter BrandtAll major U.S. stock indexes are forming potential tops
A case can be made based on classical charting principles that the current decline in the U.S. equity markets is just phase one of a larger price decline -- in other words, that U.S. stocks are in a bear market. Consider the following. Factor believes that the most significant price of the day is the closing price and the most signficant price of the week is Friday's closing price. The weekly closing price chart of the DJIA displays a possible H&S top pattern. This top has not yet been completed, but a Friday close below 15,800 would do so.