The Dollar Index made another HH HL Weekly bar, penetrating deeply the upper Bollinger band, but with a clear shortening of the thrust. The Monthly bar that is going to close by Wednesday, has already penetrated its upper Bollinger band considerably, a very bullish picture. Pay attention that the last thrust up on last Wednesday Read More
November 2016
Finally, the Dollar Index made a new Yearly High. Typically, after taking out the Yearly LHBL last year, it would have been much more common to see a correction of about a year before continuing higher, but this turned out not to be the current case. This is also a break up of a Semiannual Read More
The long term untypical positive correlation between the Dollar and the US main stock markets that has been here most of the time for the last few years (as part of the QE manipulation) proved to be still valid throughout the passing election week. Just like the stock markets the Dollar Index has started the Read More
The Dollar Index has made a sharp reversal down over the passing week. As expected before, it took out a major swing High (98.595) on the week before, reached the semiannual upper Bollinger band and then reversed. From the Daily and above timeframe’s price action perspective, the market didn’t give any good signal to go Read More