Finally, the Dollar index has found its path to get into the mid Quarterly range, after two misleading moves, the latter one took place on Friday, where the market negated immediately the bearish setup, and skyrocketed to take out the high of 96.42 mentioned couple of times in the previous reviews, reaching the level of Read More
June 2016
The Dollar index, made a very misleading move during the passing week, with an upthrust (a false thrust up) on Thursday. This means that the Follow thru process mentioned in the last review as part of the bullish scenario -failed, at least for now. The strength of the previous week’s bullish Key reversal bar has Read More
After the bearish Friday (the NFP report) on the Week before, the passing week did continue on its first half the thrust down, but eventually closed rather strong than you might expect in such situation. Last review we mentioned the bearish engulfing pattern on the Weekly timeframe, triggered by a Weekly LL. But the close Read More
Not surprisingly, after such surprising NFP news, the Dollar Index has revealed considerable signs of weakness, and ended the week with a huge bearish bar, more than 3 times the average true range of a daily bar lately. The monthly bullish engulfing bar of May (mentioned in the last review) did close above the monthly 20 SMA, but Read More