DXY: Dollar Strength May Have Peaked But This Is Not The End of It

U.S. Dollar Topping?; Bullish Reversals Continue; Ideas in Growth/Cyclicals, Financials

Asian Currencies: Capital Flows To Offset Other Drags

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>USD dip/rise into overshoot zone as the green back begins to feel out a topping zone. The dollar typically tops a few weeks ahead of and equity troughing cycle.</li>
<li>DXY met our 110.50-111 tactical top target where we reduced overdone USD longs and placed a short bet (AUD and SGD) for a dip/rally.</li>
<li>Expect USD splinters to appear in coming weeks as the DXY top near the 111.25 projection if we hold 107.50 now.</li>
</ul>


USD dip/rise into overshoot zone as the green back begins to feel out a topping zone. The dollar typically tops a few weeks ahead of and equity troughing cycle.
DXY met our 110.50-111 tactical top target where we reduced overdone USD longs and placed a short bet (AUD and SGD) for a dip/rally.
Expect USD splinters to appear in coming weeks as the DXY top near the 111.25 projection if we hold 107.50 now.


Dollar Index

USD Top Zone to Lead Risk Turn