Tuesday, May 22, 2012

USDx 4 hour Divergence and Daily Chart

Dollar makes a higher high while cable and fiber do not make a lower low.  Shows dollar weakness and cable/fiber bullishness.


 USDx hit resistance from December.  Not sure if that could be considered Type I reversal stochastic divergence from the May 17 high.


UPDATE:  Cable and fiber have been dropping in to the Asian session.  Divergence I guess technically has been eliminated as now both have made a lower low to USDx's higher high.  However, they sure haven't matched the level so I still give a little credit to this difference.




No comments:

Post a Comment