Deep-Peat-Shark
Short

USD perceived strength vs real strength

OANDA:USDJPY   U.S. Dollar / Japanese Yen
It has always surprised me how USD kept performing regardless the many UJ seasonality signals.

At closer inspection it looks like USD is piggybacking CAD and JPY when compared with my custom RSC. See the RSC references in the related Ideas section below or simply browse to the script tab of my profile page.

At this moment USD has arrived at a point where it will reach CAD maximum capacity for further strength lifting and I expect that real USD strength will become visible as soon as CAD reverses down.

Time will tell if its fate is inevitable as I often have claimed in public many time before. What goes up must come down. This time a little harder than usual I predict..
Feb 14
Trade active: For the 7 major pairs this translates as follows:
UJ, UC and USDCHF are for sale.
GU, EU, AU, NU are to buy.

Comments

Could you explain lines colors meanings?
Which line represent what
Reply
@Valentasm, The labels of each of the (RSC) charts are on the scale. JPY red, USD green and CAD wine red.
Reply
Valentasm Deep-Peat-Shark
@Deep-Peat-Shark, and RSC is Relative Strength Comparison (RSC). Interesting. I saw many people doing RSC, but didnt knew short name. Great stuff

https://www.tradingview.com/scripts/relativestrengthcomparison/
+1 Reply
@Valentasm, Thanks. The RSC I use are my personal implementation of the indicator. Not sure how it compares to the widely used ones. The source and functional details are on the script section of my profile.
Reply
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