Reference Market Analysis: June 28, 2017
#DXY Weakness Justify #UDN Strategy
Having called a 'Bear USD' last March this strategy applied on the 'POWERSHARES USD INDEX BEARISH FUND -UDN' have proven to be effective as it is validated now nearing our next target objective. This is also in reference to our market analysis & approach dated March 26, 2017 Click on the info to have a clear understanding of our Tier 3 sequence of trade analysis comparing the charts described.
Having called a 'Bear USD' last March this strategy applied on the 'POWERSHARES USD INDEX BEARISH FUND -UDN' have proven to be effective as it is validated now nearing our next target objective. This is also in reference to our market analysis & approach dated March 26, 2017 Click on the info to have a clear understanding of our Tier 3 sequence of trade analysis comparing the charts described.
The third swing described in the chart above signifies the strength of the USD - DXY bearish sentiment that pushed it through the 22.17 equivalent to the 93.85 DXY. The relevance of knowing when and how to apply these strategies has resulted positively since the implementation derive from the correlation of Price Action Analysis started from March 2017 which happens to be part of the 1st quarter strategy and staying on course.
For Asian - PH High Value Net Worth Investors / Traders, in the near term it would be wise to preserve PHP value. But the PHP weakness at the moment can not relate to the same weakness of the USD; as both currency are loosing some ground for sometime now.
ReplyDeleteDo not expect the PHP to gain as much ground until the end of the 3rd quarter due to the fact that the PH is at a current account deficit so much more when the PHP weakness in value continues by then.
Therefore, whenever the stock market declines it becomes a triple whammy for PHP investors, as funds in stocks takes more than a year or so to have at least a decent enough gain especially for retail investors. Knowing how to stay properly invested without having to sacrifice being liquid enough to stay afloat and move in these types of market conditions takes a lot of due diligence and guidance.
Update: UDN marked a price at 22.29 equivalent to the 93.17 low of the USD Index. For now any relief recovery would be short-live while it seeks a support nearest 91.80 basis point.
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