July 2016

After couple of weeks of smart distribution, and a manipulation of an upthrust (false thrust up), finally the expected supply has shown up throughout the passing week printing a considerable big range bearish bar. By most chances a new bearish midterm wave, that may reach the level of 87 eventually, has probably already begun. The Read More

The Dollar Index made a quite surprising move during the passing week closing strongly above the Weekly 50 SMA, penetrating the Weekly upper Bollinger Band and closing above it. In the previous reviews I mentioned the Quarterly bullish pinbar over the sloping 8 EMA, in which a HH above should indicate a false thrust down Read More

Another small range week has passed over the Dollar Index, this time showed some sign of strength. The Weekly bar has printed a HH HL bar, closing finally (as the news from Turkey showed up) above the Weekly 50 SMA (Friday Daily bar closed above the 200 SMA). The Quarterly High has still been respected. Read More

As mentioned in the last review, the most important bar indication for the next move is the Quarterly bullish pinbar leaning on the 8 EMA as well as on the Yearly LHBL line mentioned couple of times before (92.53, blue). Taking out its High, which is the Weekly Swing High at 96.865 mean that this Read More

In the passing week the Dollar index printed a low range consolidation bar, right at the mid Quarterly range. The Monthly, Quarterly and Semiannual bars were finally printed by the end of Thursday.  The Monthly bar closed bullishly on the short term sentiment 8 EMA (Monthly), and above the 20 SMA (mid Bollinger Band) as Read More