Straits Times Index delivers strong end of May 2017 performance up 1.1% from April but market breadth declines from previous month. 15 companies end positive, 15 in the red. Yangzijiang Shipbuilding and OCBC are gain leaders. Comfortdelgro is top loser.
3 charts DJ30, China A50 and USDCNH. Price action does not seem like business as usual for me. Let's hope they don't set off some chain reaction that will come back to bite.
The euro's recent surge to two-month highs against the pound fit its Elliott wave blueprint beautifully. Sponsored content by Elliott Wave International.
3 Forex strategies. Using Fibonacci retracement to 1) identify support and resistance levels 2) know when to open and close positions AND 3) follow trends.
Some observations for Dollar Index chart in the weekly time frame. It is my personal opinion that prospects for additional rate hikes for 2017 are not high based on the way DXY is declining below previous rate hike levels.
An example of a weekly chart of a major US financial stock printing a head and shoulders price action in total harmony with a bearish signal from Commodity Channel Index. When multiple elements come together to give a consensus signal, traders have a high probability setup.