Foundations of Technical Analysis: The Power of Parallels & Analogs
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Foundation of Technical Analysis Series– Click here for the complete series and webinar archives
In this episode of our bi-weekly webinar on the Foundations of Technical Analysis, we reviewed price action on the DXY (dollar index) on the back of the 4%+ decline since the start of the year. An analog of the early 1994 breakdown has been extremely useful in interpreting price action and although the broader picture remains bearish, the index is approaching areas of interest for a reprieve both in price and time.
Topics discussed include:
- Using analogs in price action to identify price patterns
- Multi-timeframe analysis
- Examining Momentum (RSI) – basics / helpful insights on how to effectively use momentum
- Identifying slope / pitchforks
- Q&A Session
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—Written by Michael Boutros, Currency Strategist with DailyFX
Published at Fri, 26 Jan 2018 18:00:00 +0000