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USD Mixed NFP Reaction + NZDCAD At Key Level
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's Non-Farm Payroll release results were mixed, but the US Dollar Index (DXY) was set on moving higher. As the majors adapt to the DXY, NZDCAD has found itself in a unique situation.
The unemployment rate for the US economy came in at…
USDJPY Shorts and AUDUSD Longs Almost Ready
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is wasting no time in 2021, as the price made its way down to the 2018 low. This price action opens up the possibility of USDJPY shorts and AUDUSD longs.
Price action predicts that the DXY will revisit 89.500, before…
Why the Majors are Still Bullish for 2021
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs we approach the middle of the holidays, the US Dollar Index (DXY) is still respecting the long-term downtrend. This morning traders are finding many of the majors selling off, but that may not last for too long.
Price action and smart…