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US Dollar with Ney and Gann Angles
Created on: 6/24/2020 4:24:45 PM

us-dollar-with-ney-and-gann-anglesWhere is price going, is there strength or weakness in the chart?


Previous Post on the US Dollar : Where is the US Dollar trend headed ?


The question is always what will the future price action look like ?


This post will highlight the use of lines generated by angles. Not trend lines, as trend lines require two known points on a chart, where as angles require only one known point and a angle degree to draw a line. The question then becomes how is the angle degree determined.



There are two theories: Gann Angles and Ney Angles. 

Gann angles are a fixed set of degrees (see below) and these degrees are based loosely on astrology and the regular cycle of planets around the sun. Gann said price would move between these angles as the angles acted as like critical support and resistance.


Gann Ratios to Degrees
8x1: 7.50°, 4x1: 15.00°, 2x1: 26.25°, 1x1: 45.00°, 1x2: 63.75° , 1x4: 75.00°, 1x8: 82.50°



These angles are a pre designed fixed set approach.

Gann Angle example on the US Dollar


Gann US dollar





Ney angles are calculated from a major low, to preceding lows and major high. The idea is that the future pattern of price is related to the prior pattern of price. Price history does not always marry exactly to the future but it sure can rhyme. Richard Ney calculated the angles and then studied the chart to find which angles dominate price action. 


These angles are a per low liquid set approach.


Ney Angle example on the US Dollar


Ney USD




Currently the US dollar chart has strength within it. Jeffer Snider gives a good reason.

Ref: Not COVID-19, Watch For The Second Wave of GFC2


If companies are in cost-cutting mode, and they obviously are, then that immediately puts a ceiling on the right side of the hoped-for “V” (arguing dead against the straight-line extrapolation) and then sets up the potential second wave of GFC2 and economic contraction. How? A weak labor market means instead of 90% of the 106 million work out their loan (or rent) situation before it goes too far, only 85% maybe even just 80% do!

Heaven forbid something like 75%. Ninety percent would already be big trouble.

Being unable to get close to everyone who has lost a job (or just lost income from wage or salary cuts plus those working less hours) back into their former groove is the real bogeyman lurking out there just over the visible time horizon. And that horizon is shrinking with every added missed payment due to a lost or shrunken paycheck.

Less consumer spending means curtailed revenues, no pathway to restore profitability, and therefore even more, say it with me, cost cutting by businesses.



In short the FED can print money, but it can not print jobs and incomes. This matters as the US consumer is 70% of US GDP. 




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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.

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Investing Quote...

..."I learned early that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that."..

Jesse Livermore


.."Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"..

George Soros



.."The key to making money in stocks is not to get scared out of them"

Peter Lynch


.."A radical is one who speaks the truth."..

Charles August Lindbergh Snr

..."I always believe that prices move first and fundamentals come second"..

Paul Tudor Jones




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