^[1]The attention is on gold now that prices have made a weekly negative candle and has weekly RSI turn below 70. This presents technicians with a few challenges. First is to identify whether the reversal is for real. Second is to establish till where the reversal can last in terms of price objectives. Third is till when the reversal is going to last in terms of time (days or weeks).

There is another implicit challenge for technicians….

This feature was written for Association of Technical Market Analysts ^[2]

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Orpheus Research at Reuters – United Kingdom ^[4]

Orpheus Research at Reuters – United States ^[5]

Performance Cycles (Rieki) on nine major forex pairs gives a global perspective.

Performance cycles is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves in a range say from 1 to 30. 1 is top relative performance and 30 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.