This shows clear divergence between the NASDAQ and key currencies between 7th and 21st September, NASDAQ trending up whilst currencies are trending down, this tends to lead into corrections in the NASDAQ. More recently the Euro is diverging away from the pack.
Currency divergence with E-Mini NASDAQ, EUR/USD, AUD/USD and AUD/JPY (21st Oct to 16th November);
Looking more closely, recently there is clear divergence of the type that leads into a correction, similar in nature to the first chart between 15th and 21st of September, but not as pronounced. I understand EUR/USD is now at a 5 week low.
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