Checking the message from Currencies

Source: Bloomberg
  1. That the Equity rally which began in 2Q20 coincided with strength in the ADXY index. Hence, it can serve as a good coincident confirmation checkpoint.
  2. That since peaking in early 2021, just as with Equities, the ADXY has been bound in a wide corrective range. In fact, the ADXY almost recorded a breakout in early June. This false signal turned ATEC bullish at the same time in Equities but we had to take our losses when it was a ‘false dawn’.
  3. What is worrying at present, is its inability to show technical strength on RSI (cannot get into the bullish zone) nor MACD (persistently below 0). Neither is the index able to recapture its Moving Averages.
Source: Bloomberg

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Upside Technologies

Upside Technologies

Investing research and thoughts from an Upside user and Portfolio Manager named ATEC, based in Singapore. learn more at https://upsidetechnology.co/