Tuesday, May 31, 2016

Healthy Move for #CABLE #USD

As the new month for June swings into action, and traders coming from a a US & London holiday the natural price behavior to retrieve back to where it left off was a market norm reaction. This is in preparation of the coming week's event risk that would increase market volatility and affirmation of trend direction.

As mentioned from our last call on CABLE dated the  25th of May, that " Session pullbacks are not to be discounted at this stage even with CABLE." Apparently did to a low @1.4460 levels to this writing as the poll survey on the BREXIT influenced the market's retreat. Meanwhile, the overlapping week's trading and entering the new month for position adjustments have been expected. Even with the daily session retreat of the DXY @95.46 was likewise seem to be a healthy correction.
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1 comment:

  1. UnknownJune 20, 2016 at 8:30 PM

    CABLE's fundamentally motivated price new extended low @1.4012 was a pivotal price reversal simultaneously aligned with the decline on the EURO at 1.1188. When such occurrences can only mean a significant Volume increased as evidenced by CFTC-COT with OI declining thereafter. This is way before a turn in polls ever showed up on the newswires.

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