One week before the end of the 1st quarter 2017, the Dollar Index is in a crucial area. The Quarterly bar that is about to close by the end of the coming week is currently deep below the important down trendline mentioned many times before, a trendline which in a strong bullish case should have Read More
March 2017
Two weeks before the end of this quarter, a bearish week brought the Dollar Index price back to the major down trend line seen clearly on the Quarterly timeframe, mentioned many times before. The bullish setup by the Follow Through model mentioned in the past reviews has failed. Taking out the Weekly Swing Low at Read More
The interesting Daily price action that tested once more the current resistance area at the 102 area failing to break up then declining (much due to the NFP report) closing finally the open gap created at the beginning of the month, has printed eventually an inner Weekly bar, much less important. The major sign of Read More
The Dollar Index has taken out the Weekly High at 101.75 mentioned in the last review. It is a signal to reach the area of the 103.1 level. This target is also being achieved by the potential AB=CD harmonic pattern. The 103 area is also the current Monthly upper Bollinger band. Most of the passing week was Read More