At first sight, nothing changed much in the levels the Dollar Index has been trading in throughout the passing week. We even had a HH HL Weekly bar. The Daily bars of the passing week tell a different story. The upthrust made on last Wednesday is an important Daily bar. This was an attempt to make a follow Read More
September 2016
As expected, the consolidation in the current Weekly range is still under way. The Dollar Index has still been showing strength on the upper side of that range, especially on last Friday. The Weekly High has been taken out. It would have been much more bullish had the price taken out the Weekly Low first. Read More
The passing week didn’t bring any important indication as for the next midterm move of the Dollar Index. Currently the price is within the previous Month’s range. Closing the passing week below the 8 EMA short term sentiment line was bearish, but the fact that the market didn’t manage to take out an important Low Read More
Throughout the passing week, the Dollar Index has been traded in the upper side of the Weekly swing range. The signs of strength seen as closing an open gap mentioned last review 96.075-96.132, closing the Weekly bar above the Weekly 8 EMA and the Monthly bar of August closing slightly above the 8 EMA – were Read More