From the 103.40 levels, the DX Futures have delivered in so far as anticipating a decline relative to its topping formation, while offsetting the decline equivalent to the BITCOIN which took a beating from the Chinese report from the PBOC. This is just one of those alternatives that can be accessed when it is called upon.
100.00-100.50 basis range would be a crucial price to watch as this may further retest the levels to eliminate more bull positions in the market. Although, from 103.40 to the current levels of 101.20 is not bad at all. Alternatives do work it all depends on knowing how and where to do so.
Cloud Chart DXH2017
https://www.tradingview.com/x/Y9aSs4P5/
DX Futures have VALIDATED our Market & Price Call marking an arbitrary hedge for GBTC as indicated in the 103.40 short-selling Divergence while currently @100.42 from a low @100.30 basis point.
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The effectiveness of cross trading with Futures is an advantage and a strategic move to anticipate ahead of the market especially when a short-selling Divergence occurred since Jan 06, 2017
ReplyDeleteSpot DXY & DX Futures broke below the 100 mark basis point that signaled a bearish front directly affected by positive data from inflation #'s, CPI rose 1.8% year-on-year beating market expectations of 1.5%.
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