FX Morning Mayhem Podcast #172 - With Bill & Dave "Back To Basics - OBV"

Currency Pairs Analysis & Back to Basics: Understanding On-Balance VolumeIn this episode, we dive into the current analysis of multiple currency pairs, including the Australian Dollar (Ossey), New Zealand Dollar, US Dollar, Euro Canadian Dollar, Pound Canadian Dollar, Singapore Dollar, Swiss Franc, and US Canadian Dollar. We discuss which pairs are positioned for potential setups and which are to be ignored due to being hyperextended. Additionally, we begin our 'Back to Basics' series by explaining the On-Balance Volume (OBV) indicator. Developed by Joe Granville in 1963, OBV measures buying and selling pressure by analyzing volume flow, providing useful insights for predicting market movements. The episode walks through how to use OBV, its calculation method, and practical applications in trading.00:00 Introduction to Currency Pairs00:50 Back to Basics: On Balance Volume01:13 Understanding Volume Flow01:49 Practical Application of On Balance Volume04:17 Conclusion and Final Thoughts