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  • June ’15 Aussie $ ** Bear Trend Correction **

    - Technically the MKT momentum is counter trend and will need a strong showing to overcome the underlying negative threat. – On the SELL side REVERSAL strategies off the UP or near the previous session or move high will work best. DIR or DP BREAKOUT should just go. A better option is to FADE p


  • Dollar Index Pressed Against Major 50% Retracement Level

    The US Dollar Index rose modestly to a fresh 11-year high on Tuesday, shrugging off a worse than expected ISM Manufacturing PMI figure on Monday. Looking at the monthly chart we can see that price has recovered almost exactly 50% of the downmove since the high set in July of 2001. Analysts will be


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