#EQUITY Index #USD Leads CCY Directional Trend

For as long as a 'Reinforced Trend Direction' have been marked, it is up to the investor / traders whether 'Price Action' closely relates to the directional trend. No matter how wide or narrow the trading range makes the underlying major trend prevails.

The difference would be whether traders are more inclined to do a short-term trade which may or may not go against the prevailing market sentiments. However, in this information we show how Price Action plays a significant role in correlation between the three (3) major indices and a select group of currency pairs that best suited market conditions. 

Here is a summary of charts that included the #DOW, #SP500 and the #NASDAQ marking new record highs moving forward into the last trading week of July 2017. We have seen split-markets in stocks and alternating trades are dominating these markets. Shifting trades between #EQUITY & #CURRENCY is how we have applied our trading strategy. Currency pairs chosen are the #EURO, #EURGBP Cross rate, and the AUSSIE Dollar.

With that said, we have also included a snap-shot of our price page indicator that draws a clear price range of the each instrument as a manner of cross reference and behavioral price action analysis. Members of  MT101 can go navigate through our website links and market trading guide to gain access to the 'Price Page Indicator' that provides market sentiments. Hopefully, with this information shared would likewise provide investor / traders a better perspective on how we approach the market and make market / trade adjustments moving forward.