These are ETFs so when you see divergences in them, even though they are based on FX that trades 24 hours, the move is usually the next day. Lets take a look at UUP vs FXE or the $USD v the Euro, a strong Euro is a strong market, a strong dollar is a weak market, pay attention to the timeframes, I'll "A-B" each.
$USD 3 min is negative-very short term trade.
Euro 3 min is positive, again very short trade/trend
$USD 5 min is neutral with slight negative
Euro 5 min is neutral with a slight positive
$USD 15 min large positive divergence-longer trend, more important timeframe.
Euro 15 min is leading negative-again, stronger trend and important timeframe. This seems to confirm pretty much all of the recent posts
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