Finally, the Dollar Index did reach the level of 98.68, the target of the bullish signal triggered on the Brexit spike, initiated by taking out the High of 95.96. The signal to go long above the Weekly High mentioned here last week, although retraced quite deeply towards the stop level, has eventually reversed up to Read More
October 2016
It took only one day of inside bar consolidation (last Monday) before the Weekly High was taken out, drifting the price to take out the July’s High at 97.62 as well. Taking out the High of 97.62 triggers a bullish signal with a target above the Yearly range (above 100.785). I’d be very doubt to Read More
Finally the most important bearish signal was negated as the High of 96.5 has been taken out. Currently the most important level for the midterm is the High made on July 25th, at 97.62 which I suspected to be the start of a bearish wave 5 on the Weekly/Monthly charts to reach 87. The market Read More
The Month and the Week ended very quietly as inside bars, closing in the middle. We are still in a big consolidation phase. A triangle can easily been spot on the Daily and Weekly timeframes, as well as the leaning on a major up trendline. The current sentiment is bearish. Pay attention that the Daily, Weekly and Read More