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| DXY /as of Nov 02, 2015 |
Seldom would we find the image of a closely correlated currency pair with the proportionate linear regression alignment. And the EURUSD and the overlay DXY have reflected this case scenario on a technical perspective indicated below.
The essence of having an overlay is to be able to spot an aligned or divergent trend which would normally create an identifiable price action that would coincide / or distort price direction on the charts. Although, distortions occurs more commonly within different time frames. But the relative trend once configured to be in sync with price action would have the probability that such trend can be a major one in the making. The 3rd quarter Price Page Indicator- a unique blend of price comparison analysis by using the OHLC prices have now opened in a normal market at the November month. There is more to this than meets the eye which we teach in our programs application!
Thus by having the right tools of the trade applied in a particular instrument can best define and derive a well informed trading analysis prior to positioning the trade and the execution. Click here
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