The news finally took over, turning the market into the bearish side, as the Dollar Index was traded throughout the passing week in a small range, after a relatively big gap down. The Monthly bar of April closed bearish below the 8 EMA short term sentiment line, as a LL LH bar continuing the big bearish Read More
April 2017
After the bearish reversal on the week before, came a bearish week, but revealing lack of a thrust down. The Weekly bar couldn’t make it to the lower Bollinger band, a clear sign of strength. Last Thursday the market made a Spring(=false thrust down turning into a bullish reversal), already got a confirmation thrust up Read More
The price action of the Dollar Index continues to be very deceiving, as typical for trading inside a range. From one side we have the last Quarterly bar that closed on the famous down trendline the market had broken up. This kind of closing is bearish, inviting another decline to test lower levels as 96-98 inside the Read More
A very bullish week has passed over the Dollar Index, started with a new Weekly High on last Monday, setting as well the Weekly Low for the rest of the week, finally setting the High of the week on the Weekly 20 SMA, right after the NFP report. As pointed out on the last review, Read More
As expected, by the end of the Quarter, the Dollar index has returned back to the famous down trend line (mentioned lots of times on past reviews). The Weekly bar inner price action was pretty impressive. It started with a gap down, but still has given the opportunity to short the Daily bearish Pinbar of Read More