News

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

Not surprisingly, after such surprising NFP news, the Dollar Index has revealed considerable signs of weakness, and ended the week with a huge bearish bar, more than 3 times the average true range of a daily bar lately. The monthly bullish engulfing bar of May (mentioned in the last review) did close above the monthly 20 SMA, but Read More

Since the last bottom made at May 3rd, the Dollar index has made a remarkable recovery, heading towards the mid range at 96.5 approximately. However, at this point, it should still be regarded as a correction in a midterm down trend. We’ve passed the main barrier in that move, the most important Last High Before Low Read More