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Markup

AUDUSD mark-up startingPrice has moved away from the resistance line and yearly PP. Price has retested these levels and is now moving away from the resistance and trading range. There is consistent dominance of demand over supply. Signs of strength with widening price spreads and increasing volume and reactions (LPSs) on smaller spreads and diminished volumes is still observed. The 'TDI indicator is showing all lines sentiment lines above 50% but not over bought and move up. In the following weeks if the Wyckoff view was correct should see significant price increases.
Long
by SteynTrade
NZDUSD the breakout before the mark up?On the weekly time frame the price has broken the Kumo but the Chico Span still has to break. We could see some consolidation at the final resistance before the final mark up. Looking at the daily time frame the final consolidation before the mark up could occur before the final breakout of the 55 Day Oscillation frequency (OF). The Kenjen sen, Tenken sen and Senko Span B are all up. The market is currently following the 21 Day OF. Up moves are support by volume increases and pullbacks with volume declines sowing signs of strength. A Wyckoff Analysis also indicates a final breakout to occur.
Long
by SteynTrade