Author: Gil Ecker

As mentioned in the previous reviews, the current assumption is that we’ve already started a midterm bearish wave, Elliott Wave 5, possibly targeting the 87 area (!). Here is the Weekly chart with the wave count.   The Weekly 50 SMA is an important indication for the market to reveal bullish intentions. Notice that closing the Read More

As mentioned in the previous reviews, the Dollar Index is very likely to be at the start of an Elliott 5th bearish wave. Taking out the Weekly swing High at 97.585 should negate this assumption. We pointed out that closing above the Weekly 50 SMA should be considered as a major sign of strength that Read More

After couple of weeks of smart distribution, and a manipulation of an upthrust (false thrust up), finally the expected supply has shown up throughout the passing week printing a considerable big range bearish bar. By most chances a new bearish midterm wave, that may reach the level of 87 eventually, has probably already begun. The Read More

The Dollar Index made a quite surprising move during the passing week closing strongly above the Weekly 50 SMA, penetrating the Weekly upper Bollinger Band and closing above it. In the previous reviews I mentioned the Quarterly bullish pinbar over the sloping 8 EMA, in which a HH above should indicate a false thrust down Read More

Another small range week has passed over the Dollar Index, this time showed some sign of strength. The Weekly bar has printed a HH HL bar, closing finally (as the news from Turkey showed up) above the Weekly 50 SMA (Friday Daily bar closed above the 200 SMA). The Quarterly High has still been respected. Read More

As mentioned in the last review, the most important bar indication for the next move is the Quarterly bullish pinbar leaning on the 8 EMA as well as on the Yearly LHBL line mentioned couple of times before (92.53, blue). Taking out its High, which is the Weekly Swing High at 96.865 mean that this Read More

In the passing week the Dollar index printed a low range consolidation bar, right at the mid Quarterly range. The Monthly, Quarterly and Semiannual bars were finally printed by the end of Thursday.  The Monthly bar closed bullishly on the short term sentiment 8 EMA (Monthly), and above the 20 SMA (mid Bollinger Band) as Read More

Finally, the Dollar index has found its path to get into the mid Quarterly range, after two misleading moves, the latter one took place on Friday, where the market negated immediately the bearish setup, and skyrocketed to take out the high of 96.42 mentioned couple of times in the previous reviews, reaching the level of Read More

The Dollar index, made a very misleading move during the passing week, with an upthrust (a false thrust up) on Thursday. This means that the Follow thru process mentioned in the last review as part of the bullish scenario -failed, at least for now. The strength of the previous week’s bullish Key reversal bar has Read More

After the bearish Friday (the NFP report) on the Week before, the passing week did continue on its first half the thrust down, but eventually closed rather strong than you might expect in such situation. Last review we mentioned the bearish engulfing pattern on the Weekly timeframe, triggered by a Weekly LL. But the close Read More