Wednesday, November 9, 2016

#USD #DXY 'POST HICCUP' Price Action Recovery

Renewed interest came into a USD-DXY price recovery from a registered low @95.89 basis point. This was drawn from the Post Trump lead in the presidential election leading through the Futures movement that likewise traded on SP500 daily limit. We can consider this a ' Post Hiccup' that rippled through in the global market.

However, the USD price recovery is still on a positive note as it is trading @98.25 weekly highs as of this writing. A cyclical pattern of price recovery from the lows can be considered as it remains to be a pattern well within this period towards the closing 4th quarter of the year as we have called it. This scenario has happened and marked several times when a NEW HIGH & NEW LOW are marked on the same month. And best described on the chart herein.

Cloud Chart: USD Index

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1 comment:

  1. UnknownNovember 9, 2016 at 9:02 AM

    Indeed, A 'Divergent Trend' reflects Asian Equities 'Disjoint Angle', while keeping pace w/ US Equities. And the SP500 had a market sneeze! while the USD -DXY had a hiccup on election day! And gaining lost ground in the process. #DOW is up again in triple digit and positive territory.

    https://www.tradingview.com/x/B42c05wS/

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