Market Insight on #USD & #DOW #PriceAction

There are three (3) Major Driver Patterns plus a Blue Line Cycles
applied as Pivotal Reference Points of Price Reversal confined in the
period of consolidation

The USD closing @94.90 basis point while it pulled back on the closing week below 95.05/10 would now have some room for a further decline with limited daily session corrections. While its corresponding European majors as started to stay within positive territory even at the closing hours last week. CABLE finishing off @1.5550 barely 30 pips away from a crucial mid-term resistance, while the EURUSD stayed @1.1260 well below its resistance and trying to keep at pace from a rising Pound. 

These are the market behavior worth monitoring since the give and take between these majors has been a distinct pattern where institutional traders have taken advantage of. As we likewise have done the same pattern of alternating trades that has been practiced by inter-bank currency trade dealers.

Technical Angles V Fundamentals:

Checkout the pattern of the Dow Jones well within a consolidation and where prices are well confined within its range parameters where a break would eventually occur. Note: See how distinct the configuration when the right application is made overlay on the chart! 

The same pattern of news reports from Greece where alternating good and indecisive news comes and goes making volatility present contrary to the longer term wide range price swings from the Dow's high and its range bound low where the similar pattern has been quite obvious for us. While other analyst may have somehow noticed or overlooked at. Thus making market price swings wider in both directions of the market.

Watch for our follow-up insight on the market before the closing weeks ahead of the end of the 2nd quarter 2015. As it would be difficult not to consider that dark clouds over-hanging the stocks still stays afloat over the prices as another round of attempts would be made on the down side whenever a follow-though would emerge before another upturn could be made. This is where traders and investors would be confused and would not be able to correctly speculate on the interim trend.  Since the levels below the 18K again has been resisting on a daily and closing week signals the uncertainty making the chart outlook to be top heavy for now.