Τεχνική κίνηση χαμηλής ορατότητας
January 26, 2017
Ευκαιρία για Swing Trading….
January 27, 2017

In a previous post I warned Dollar bears that the time for a Dollar bounce was near and since yesterday we have confirmation signs of bottoming process in the Dollar and strengthening signs. The Dollar index has provided bullish divergence signals that I mentioned in my Dollar index analysis yesterday.

usdx

Although still inside the bearish channel and below the Ichimoku cloud, I believe if we see a pull back in the Dollar index we should be buyers expecting a bounce out and above the Ichimoku cloud towards 102. There is also a scenario that is even more bullish where we have finished a wave 4 correction in the Dollar index and we should now start wave 5 up towards new highs.

usdxd

The comments area will be updated with specific pairs and their charts and few comments. Thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.