The dollar index has a very interesting turn of the year pattern. Heading into year and the dollar sees pronounced weakness from a seasonal perspective but in contrast, we see dollars strength to start the year from a seasonal perspective. This dollar dance around here and often results in the dollar falling into the new year before rising to start the year.
With the first proper trading day seeing dollar strength to start the year – will we see more dollar strength in line with the seasonal pattern. Notice how the USD tends to gain at the start of the year with a 67% winning percentage.
This is certainly one very strong seasonal pattern to watch each year around the start of the New Year! Don’t miss it!
The major trade risk here is that previous seasonal patterns don’t necessarily repeat each and every year.
Remember don’t just trade it, Seasonax it!