Correction Validated DXY As of 2.04.16 |
Meanwhile, CABLE is barely keeping pace with the EURO with an exception that it registered a soft high @1.4665 as it's price move is limited due to mix fundamentals on the BREXIT floating in the market. And the same mild reaction is reflected with the EURGBP cross which has not made any serious attempt @0.7755 high which serves as the near term price resistance. The only time it would do so is whenever a probable corrective move for CABLE occurs as market volatility shifts with volume and investors flows in /out of stocks. CABLE attempts its range @1.4750 - 1.4830 which would be supported with enough momentum and volumes unless new fundamentals develops.
Correction in the making DXY As of 12.16.15 |
Considering the decline is more fundamentally motivated the high from 2015 serves as the new high, while the current low @96.63 is being set as the fresh new low. The market insight here is the "Alternating Currency" moves which reverted back to the US Dollar along side the price recovery of OIL and GOLD.
This strategy applies when market shifts are in-front just waiting to be recognize. This USD decline is well respected where the financial USD (DXH16) & EURO (E6H16) Futures March 2016 contracts were properly utilized during the daily price consolidation period. Taking a cue from market volatility and other markets accessible for trading. Navigating SPOT / FUTURES Markets can best be managed knowing the CORRELATION of trading instruments accessible to tactical investors with self-directed accounts.
Corrections on the date & Label were made on the charts. Thank you!
Best Reference Video: Forex Trading SPOT vs. FUTURES
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