After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year at 93.440. However, during the long weekend, the price started to […]
After a bullish start to the week, the US Dollar Index (DXY) has found itself down -0.38% for the day. The daily closed as a shooting star, which may hint at further upside moves for the majors. The high of the week for the DXY was just short of 93.450. Since then the price has […]
As the US Dollar Index (DXY) continues its bullish ways, the Dollar is beginning to extend its gains against the Japanese Yen. In addition to shorting pairs like EURUSD, traders should also look to take longs for USDJPY and USDCAD. USDJPY had spent much of 2020 in a downtrend that was largely fueled by the […]
As price action analysis predicted, both EURUSD and USDCHF trade setups are playing out as expected and in profit. With the Dollar uptrend remaining strong, more profits should be expected. EURUSD has found itself down -0.37% today as the price continues its downtrend. The precursor for the latest sell-off was price closing bearish below last […]
Another trading week, and another day that the Dollar has pushed higher. With that in mind, majors such as EURUSD and USDCHF should continue their current trends. Last week the US Dollar Index (DXY) was able to close above one of the highs made in November. Today’s daily candle will most likely close bullish above […]
The US Dollar Index (DXY) ended the week by dropping lower to create a new higher low. Further upside should be seen next week. In addition, Crude Oil is ready to move higher. It was a productive week for the Dollar as the price was able to move from 91.700 to 92.910. The DXY is […]
As the US Dollar Index (DXY) continues to climb, many of the majors such as EURUSD and NZDUSD continue to fall. Both pairs are providing great setups to the downside. The Dollar seems to be creating a new high every day of this week. This is good news for Dollar bulls as the price was […]
As predicted by price action analysis, NZDCAD is on its way lower. Both price action and smart money analysis also predicted a bullish Dollar which is what we are seeing today. Price action traders are up around +80 pips for NZDCAD since yesterday. Traders can expect further profits from this trade as NZDUSD extends its […]
After creating a range on the hourly time frame, the US Dollar Index was able to finally close bullish above 91.950. With that being said, the Forex majors should begin to head lower. The Dollar has been quite elusive these past few weeks as price took a brief break from trending upwards. Based on today’s […]
After giving bulls some hope to end last week, the Dollar is back on its way lower. As the DXY figures its self out, traders may look at trading the minors for the time being. Despite hanging around 91.950 and numerous attempts to close bullish above, the Dollar has yet to make any real gains […]