A relatively narrow range Weekly bar has been printed before the holiday, but still a HH HL bar touching the upper Bollinger band, meaning that the momentum is still very strong, and nothing has changed much as for the nearest targets. Currently there is a bullish signal on the Daily timeframe, last Thursday’s bullish pinbar Read More
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The passing week ended as a bullish Weekly pinbar on sloping 8 EMA, and as mentioned in the last review, a thrust up above its High is a bullish signal to reach its magnitude distance, at 104.1, a move assumed to be already under way. This target at 104.1 is slightly below the 138.2% extension Read More
We’ve passed one of the more volatile weeks. Prices declined sharply on last Monday after making an Upthrust, then after two days of consolidation came a major Spring (false thrust down ending very bullish) pushing the prices back to the levels of the beginning of the week, creating a Weekly bullish pinbar on sloping Weekly Read More
A consolidation week has passed, the Daily LLBH (Last Low Before High) at 100.71 was taken out, and taking out the Low of 100.675 is a bearish signal to reach the 99.6 level area. However, the current overall bullish momentum should warn us from taking any action to the downside on the Daily and above Read More
The Dollar Index made another HH HL Weekly bar, penetrating deeply the upper Bollinger band, but with a clear shortening of the thrust. The Monthly bar that is going to close by Wednesday, has already penetrated its upper Bollinger band considerably, a very bullish picture. Pay attention that the last thrust up on last Wednesday Read More
Finally, the Dollar Index made a new Yearly High. Typically, after taking out the Yearly LHBL last year, it would have been much more common to see a correction of about a year before continuing higher, but this turned out not to be the current case. This is also a break up of a Semiannual Read More
The long term untypical positive correlation between the Dollar and the US main stock markets that has been here most of the time for the last few years (as part of the QE manipulation) proved to be still valid throughout the passing election week. Just like the stock markets the Dollar Index has started the Read More
The Dollar Index has made a sharp reversal down over the passing week. As expected before, it took out a major swing High (98.595) on the week before, reached the semiannual upper Bollinger band and then reversed. From the Daily and above timeframe’s price action perspective, the market didn’t give any good signal to go Read More
Finally, the Dollar Index did reach the level of 98.68, the target of the bullish signal triggered on the Brexit spike, initiated by taking out the High of 95.96. The signal to go long above the Weekly High mentioned here last week, although retraced quite deeply towards the stop level, has eventually reversed up to Read More
It took only one day of inside bar consolidation (last Monday) before the Weekly High was taken out, drifting the price to take out the July’s High at 97.62 as well. Taking out the High of 97.62 triggers a bullish signal with a target above the Yearly range (above 100.785). I’d be very doubt to Read More