View RSS Feed

TechnoMeter

  1. Technical Analysis October 26 - November 02: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, NZDUSD and USDCHF

    by , 10-26-2014 at 03:06 PM
    EUR/USD
    Weekly


    -BIG picture, monthly RSI has broken out of a triangle pattern. Sometimes, a pattern breakout in momentum (or OBV) precedes the breakout in price. The development’s implications are obviously significant.
    -Near term, price action since the October low likely composes a 4th wave correction within a 5 wave decline from the May ...