The euro went from the sub 1.04 level to as high as near 1.21 against the U.S. dollar this year. That was a whopping 1700 plus pips advance, or 16% plus appreciation against the U.S. dollar. The euro’s performance has been rather strong against the U.S. dollar since the beginning…
Day: October 9, 2017
Cry Wolf: Is the Stock Market Overvalued?
For months, many people have been saying the U.S. stocks are overvalued. However, all the major indices just kept moving higher without looking back at all. Here we are with yet another signal that suggests the momentum may stall in the near future. That signal is the RSI – relative…