The Australian dollar has grown stronger as U.S. dollar weakens, Daryl Guppy writes. » Read More
Over time our charts become cluttered with trend lines and other technical indicators, and the old lines can cloud analysis. » Read More
The head and shoulder pattern on the Dow achieved its exact target projections. This was followed by a period of L-shaped consolidation activity. The weekly close above 11,600 was clear evidence the L-shaped consolidation breakout was confirmed. The initial upside target for the breakout was near 12,300. This was calculated by using the projected value of the head and shoulder neckline.
The free-fall in Olympus stock in recent weeks, roiled by a deepening scandal over massive M&A payments which came to light after the sudden axing of its CEO Michael Woodford, took the investment world by surprise. While details of the past deals remain murky, the outlook for its shares is clear, with further downside expected according to technicals.
Eurozone uncertainty and the potential implosion of the euro is reflected in the volatility of the euro-dollar chart. It’s useful to step back from the raging volatility of daily trading and look at the bigger picture using a weekly chart. This helps to put the daily price activity into a broader context. The picture may remain confused and chaotic but there is usually a broader perspective of the context of the daily price activity.
Viscosity is a measure of the stickiness of oil or put another way, a measure of the degree of slipperiness. The viscosity of the oil trend is determined by a combination of static and dynamic factors.