DislikedZusch your analysis on the direction of these pairs posted on the 1st Aug did not materialise, due to the fact that the market has a mind of its own.Ignored
QuoteDislikedSo I went back to the charts to see if there were any early warning signs of the moves that were made this month. Using currency indexes (which measures each currency against a basket of other currencies) there were some signs. When looking for continuing or turning trends the Stochastic, RSI and MACD can be used as leading indicators (I never use them for buy or sell signals), if 2 of the 3, or all 3 are in agreement (converging or diverging) it is a pretty strong sign of the health of the trend....
QuoteDislikedIts good to carry out this analysis on multiple timeframes in the calm of the weekend to get a bias for the following week.
https://twitter.com/zusch_fx/status/234751376369000448
https://twitter.com/zusch_fx/status/239800748798525440
Turn it around Michigan State Spartans! What a sloppy 1st half.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.