Hey Traders,

another huge FX day, with “King” Dollar setting some major lows, here is % of average range summary:
GCQ09    194.4
SFU09    186.0
DXU09    167.6
ECU09    157.4
BPU09    152.3
JYU09    127.3
ADU09    105.8
YMU09    89.0
TFU09    81.1
ESU09    72.6
CDU09    71.2
NQU09    67.5
Another crazy week, with most important thing to take away from a week like this is that market momentum (or whatever else gets credited/blamed) is more important than news, earnings, econ data and even dollar strength. When the market goes up and funds have to chase performance at the same time squeezing out the most stubborn bears, nothing matters.

While there are signs of rally exhaustion, bears got many technical levels to break to have a chance at getting anything going to the downside.

The fact that Markets didnt react to extreme dollar weakness add to hopes of the bears, these last two candles are surely promising as well, gap down monday would be ideal:

Will have a monthly analysis edition ready this weekend, some interesting developments along all time frames.

Get some rest and get ready to take on these crazy markets again

Cheers

Vlad

———

p.s.

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