The Price Action and Market Behavior seen from the USD decline towards the 93.62 (4.11.16) basis point was a similar movement and market behavior compared with the EURO. This was when the ECB announced a triple rate cut which saw the EURUSD moved lower @1.0820 and recovered with a strong pullback from the low while still currently @1.1218 on the way lower.
The similar move for the USDJPY registered a low @107.63/65 twice marked on their daily session. And the subsequent turn-around as the volumes from liquidation (Lower Open Interest on Futures-COT Report) was evidenced with the price reaction. This strategy was a sequence trade from a Short-USDJPY & USD Index cross traded with the correlation of the AUDUSD position trade taken previously.
A close monitoring / following of our market view analysis and written article information before and post market events for the past liner cycle period covering major price action would help viewers be able to follow how MegaTrade101 trading approach are done and executed in certain conditions & during exceptionally volatile market.
Comparative Analysis & Insight USD Index & USDJPY
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