Since the last bottom made at May 3rd, the Dollar index has made a remarkable recovery, heading towards the mid range at 96.5 approximately. However, at this point, it should still be regarded as a correction in a midterm down trend. We’ve passed the main barrier in that move, the most important Last High Before Low Read More
May 2016
On the last weekly review, we mentioned the 95.21 (the high made at 14-APR-2016) level as an important bullish barrier level, and the market did take out that level – which means increasing chances to get back into the mid range ~ 96.5 (at least in the mid term). The scenario for the continuation of the bullish Read More
After the Bullish Key reversal over the considerable support mentioned in previous reviews (testing from above the 92.53 Yearly Last High Before Low), last week was a bullish continuation, but with shortening of the thrust. The most important level to reach as for the bull side is the 14-ARP-2016’s High at 95.21. There is a Read More
The US Dollar index managed to close last week strong, as a Bullish Key Reversal. In the previous review, we emphasized the importance of the 92.53 level, which was the Yearly Last High Before Low, and this is the first time a Yearly bar is retracing towards it after it conquered that level last year, Read More