A Matter of Perspective Analysis ll

Applying 2 Leonardo's Theory
on Fibonacci Measurement plus
Sokyu Honman's Candlestick
Interpretation 

Interpreting a price pullback either coming from a decline or a rally still has two sides of the coin to be looked at. And that is how we view the recent price action that occurred from the stocks and currency markets.

This is in connection with our correlated information shared on the Aftermath of Market Volatility and A Matter of Perspective Analysis. There will always be two angles to view the next probable direction that would take place. But it all boils down to how one interprets it and be inclined to believe.

The rapid price change or similar pullbacks across the markets in general were considered to be a relief recovery from a battered stock market decline and with similar reaction from declining Oil prices. Once floating talks would appear in the market on production cuts from OPEC & Russia may tend to replicate an artificial market reaction that might for some reason can be a game changer.

With that said, on the currency side whenever these conditions occur especially with a dramatic price change on the USDJPY and its correlated Yen crosses it would be wise to consider how far such rebound can be sustained. The USD direction nearing the triple digit figure may provide a glimpse of reality either staying above these higher levels or simply closing lower by the end of a new trading week which should not be discounted from certain market comments when it arises unexpectedly.

This information would be quite useful: