Dollar Retraces and Forex Majors Rise Once Again

Dollar Retraces and Forex Majors Rise Once Again

, ,
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…
USDJPY Longs + DXY Ready for Next Push Higher

USDJPY Longs + DXY Ready for Next Push Higher

, ,
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…
EURUSD & USDCHF in Profit + More to Come

EURUSD & USDCHF in Profit + More to Come

, ,
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…
EURUSD & USDCHF Analysis with a Bullish Dollar

EURUSD & USDCHF Analysis with a Bullish Dollar

, ,
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…
Dollar Ready for Next Push + Oil Longs

Dollar Ready for Next Push + Oil Longs

, ,
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…
EURUSD & NZDUSD Shorts + Bullish Dollar

EURUSD & NZDUSD Shorts + Bullish Dollar

, ,
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…
NZDCAD Profits + DXY To Extend Higher

NZDCAD Profits + DXY To Extend Higher

, ,
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…
Dollar to 92.500 + Majors Start to Slip

Dollar to 92.500 + Majors Start to Slip

, ,
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…
DXY Back to Bearish Ways + NZDCAD Shorts?

DXY Back to Bearish Ways + NZDCAD Shorts?

, ,
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…
Live Forex Trading Room DXY Bulls Back At The Table Plus BTC Longs

DXY Bulls Back on Table + BTC Longs!

, ,
After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell's harsh comments about the US economy,…