USDJPY range expansion level is 115EURUSD 5th wave underway then big reversal riskUSDCAD outside week provides reference point for breakout 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 ...
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 ...
More new highs this week for the major averages as the market has started off July on a positive note. In my daily columns, I generally focus on the weekly and daily volume using my favorite volume indicator, the On Balance Volume. In my monthly starc band analysis of the stocks in the Dow Industrials, I place quite a bit of emphasis on the monthly OBV as it often will lead prices higher. This, combined with positive relative performance analysis and keying on monthly support, can ...
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