Point and Figure Charts Update as at November 17, 2014

Point and Figure Charts can give us some idea as to where the markets are headed. This method of charting has been used for many years and has been proven to have excellent results over the longer term.

I find it handy to have a look at various P&F charts from time to time to keep me current as to where the directions of currencies may be headed.

Most of the time on the P&F charts from Stockcharts.com is a target number where the price is expected to travel.

Here are some charts from some of the major currencies as at today.

Here is an excellent video primer on Point and Figure Charting

The Daily Look as at November 8, 2014

With all of the gyrations of the market on Friday it may be valuable to have a glance at some relative P&F charts.

I have gathered some from Stockcharts.com.

There is not much of an explanation needed on any of these.

Have a great Weekend.!!