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
Author: Gil Ecker
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
A Choppy move to the upper Weekly range, and back down to test the Lows ended as an inside Weekly bar, with a Daily timeframe Triangle pattern. The overall behavior is still more bullish than bearish. It has been the second week to close above the Weekly 8 EMA, supported on the 20 SMA from Read More
After an inside bullish bar the Dollar Index has continued the rally over the passing week approaching an area of important resistance, the LLBH (Last Low Before High) set 8 weeks ago at 101.95. The reaction with the gap down took away all gains since the beginning of the week, but last Friday closed rather Read More
The Dollar Index closed the passing week with a bullish bar but an inside bar. On the Quarterly level, we are testing back (from above) the most important down trend line for the past two years Taking out the Weekly High might cause the price to rally towards the 101.7-102 area, where the most important Read More
The Dollar index has ended the passing week with an upthrust (false thrust up), and a thrust down. The Monthly bar of January ended as a bearish engulfing bar, but pay attention that it has penetrated deeply the upper Bollinger band, and did it after 2 successive penetrations before. So for the midterm the picture Read More
As expected, the current area has proven to be a support area for the market, resulting in ending the passing week with a clear shortening of the thrust down. On the Quarterly level, we are testing back (from above) the most important down trend line for the past two years (see chart), and a bounce from this level (currently Read More
The Dollar Index has continued its correction down throughout the passing week, a decline that has started with an upthrust at the first week of 2017. From the Quarterly and the semiannual charts point of view, this is a testing of the main down trendline that served as a resistance for the past two years, Read More