Revisitng: A Matter of Perspective Analysis ll

Here are three (3) correlated market information that may be quite useful to go back through as a matter of market perspective that can best serve as a reference. The market's ability to move counter-trend market reports is respected similar to the price action that transpired with the Euro that gained its strength coming well from market sentiments while pushing prices above the 1.1340 last week.

However, note that prices came from a double low @1.0822 post ECB and made a crucial turn to its current price @1.1265 close for the week ending 3.18.2016. The higher low marked @1.1057 was way even lower than the opening price for the week but was still able to hurdle the price that led to an increase in volume that also gave fresh incentives for prices to retest nearest to the resistance level of 1.1380 which also serves as the 1st line of defense.

For as long as the USD - DXY stays below the 95.05 mark; the relative price action of the European majors is well on its way higher; unless an unexpected report would say otherwise.

With that said, the USD already had spilled its sentiments on the USDJPY nearest to the 110.55 by making a low @110.65 which is just about the same price spread that it already did. These levels are bound to take a price reversal not necessarily a trend reversal as newer lows and highs needs to be established. And this goes well with the DOW and the SP500 with the exception of the JPN225 which is a clear downward trajectory for now.

These topics are quite useful to apply as it does relate how market would react post a major move and market volatility. Not necessarily in their respective order.

How to measure a price change on a rebound or decline

A Matter of Perspective ll

Aftermath of a Market Volatility