A tensed bearish week has passed over the Dollar Index, with an Upthrust and closing on the Low. The market didn’t reach the bullish target suggested here, but instead printed an Upthrust on last Tuesday. Anyone who was long on the Daily Swing should have understood it once the Low of that last Tuesday bar Read More
Author: Gil Ecker
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
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
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