May 2017

US  PRE MARKET The US Dollar Index are trading at 97.610 for up with  +0.290% percent . The cac 40 index are trading at 5,288.64 with a loss of -0.82% percent . The DAX Index are trading at 12,607.27 with a loss of –0.17% percent. The EURO Stoxx 50 Index are trading at 3,556.18 with a loss of Read More

After the volatile price action in the previous week, in the passing week the market was much calmer trading in a relatively small range, having some support. The market is currently in a bullish setup on the Daily to reach 97.96. Indeed, it is expected to see some rally in the coming week that closes Read More

The Dollar index made a quite impressive move down towards the target mentioned many times before, at the 96.2 area (to be more precise, 96.12). The price action of the past 2 weeks would have suggested that we see a more of a crippled move down (with deep corrections up) as I’ve mentioned on the Read More

The Dollar Index was very misleading over the passing week, mainly because of the gap down it opened with, and the strong thrust up that on the Daily timeframe created a Megaphone pattern eventually. In the previous review I mentioned that taking out the Weekly Low is a bearish signal. In case the market opens with a gap Read More

The passing week has continued the weakness seen clearly on the Dollar Index. The week has with consolidation on the middle of the current range, continued with an Upthrust penetrating the open gap above, finally closed bearish extending the current range down. Taking out the Weekly Low is a bearish signal to reach 97.5, a Read More