November has been off to a much better start for USD than October ended. And seasonality suggests DXY could be in for a positive close this month. This ties in nicely with Tuesday’s analysis, which showed bearish engulfing… Read More
Using historical data, we’ve mapped out a seasonal matrix for FX majors and noted the bearish tendency for USD/CHF in September.
DXY looks set to challenge the 2018 peak, although price action near-term could be stretched. Beyond February seasonality points lower, so how it reacts around the highs could be key as we head into March.
With gold coiling at its highs amid an accelerating trend, we’re looking for a break of 1300.