Wednesday, December 10, 2014

Perhaps a USD/JPY led Bounce In To the Close

Looking at TICK and 15-60 min 3C charts, that was real selling, no doubt. However the $USDX has a positive divegrence, the Yen has a negative divegrence and the USD/JPY, as it should with those two in that condition, has a positive divegrence.

The Index futures have been virtually glued to the USD/JPY, so I suspect it tries to bounce in to the close.

$USDX positive intraday, still holding up.


Yen with a sharp, recent negative divegrence.

And USD/JPY with a positive, all 3 confirm.

I'm checking on Leading Indicators right now.

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