Tuesday, November 15, 2016

An Inverse Market Perspective & Comparison ADXY & US DXY

A comparative chart of the Asian Currencies Index as measured by JPMorgan's ADXY Vs the US Dollar Index basket of major currency pairs.

This shows the 'Divergent Trends' established in the Asian Pacific currency pairs which reflects an overall bearish sentiment of the ADXY as compared with the USD - DXY bullish Directional Trend. The inverse correlation speaks for itself without further explanation.

For purposes of better chart presentation & information shared; we have sourced the two charts from Bloomberg JP Morgan ADXY and TradingView USD - DXY.

Posted by at
Labels: , ,

1 comment:

  1. UnknownNovember 17, 2016 at 11:16 AM

    New Highs BBDXY 1246.20 - Spot DXY 100.92 - DXZ2016 100.60 DXH2017 100.50 BKWD - ADXY New low 103.97 - Divergent Trend Vs.USD

    ReplyDelete

Subscribe to: Post Comments (Atom)