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USDCHF and USDJPY Profits + Dollar At Crossroads

USDCHF and USDJPY Profits + Dollar At Crossroads

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The US Dollar spent much of yesterday selling off and as a result trades for USDJPY and USDCHF raked in decent profits for traders. As of right now, the Dollar is at crossroads in deciding which direction it wants to go. Price action analysis…
USDJPY Shorts + US Oil Swing Long

USDJPY Shorts + US Oil Swing Long

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The US Dollar Index (DXY) failed to make a rally to 91.00 and instead is showing signs of bearishness. Traders should look for potential USDJPY shorts and US Oil longs to take advantage of the current situation. Price action traders have…
EURNZD Short Continuation + DXY to 91?

EURNZD Short Continuation + DXY to 91?

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Over the weekend, the US Dollar Index (DXY) continued its rally as price made a push to 91.00. This key level may be used as a resistance, so traders are advised to focus on the minors until more information is available. One minor that may…
USD Mixed NFP Reaction + NZDCAD At Key Level

USD Mixed NFP Reaction + NZDCAD At Key Level

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Today'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…
NZDJPY Longs + BTC Has Hit 40,000!

NZDJPY Longs + BTC Has Hit 40,000!

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This morning the US Dollar Index (DXY) has created a new high for the year near 90.00. Some of this can be attributed to the chaos that occurred at the Capitol. Also, Donald Trump has conceded the 2020 election this morning which may also have…
2021 Forex Trade Biases and Trade Setups

2021 Forex Trade Biases and Trade Setups

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The new year is here and traders are ready to trade once again. The first official trading day of 2021 was eventful and also very informative for what's to come in the next twelve months. Throughout the new year celebrations, the US Dollar…
US Dollar Headed Lower + AUDUSD Surges in Profit

US Dollar Headed Lower + AUDUSD Surges in Profit

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The last official trading day of 2020 is in the books. The markets were still fairly active on the last day as the US Dollar Index (DXY) continues its selloff. As predicated by price action and smart money analysis, the DXY is set to continue…
USDCAD Shorts As Dollar Bears Gain Momentum

Why the Majors are Still Bullish for 2021

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As 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…
Market Outlook for the Holiday's

Market Outlook for the Holiday's

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It's the day before Christmas Eve and the markets are certainly aware of that. Traders should expect major bouts of consolidation from now until January 4th as the holidays stroll around. For the US Dollar Index (DXY), price is expected to…
DXY to 91.00 and Majors Look to Short

DXY to 91.00 and Majors Look to Short

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The US Dollar Index (DXY) is not done just yet as the index has hopes of going higher. As a result, many of the major currency pairs are projecting potential short-term shorts. After revisiting 90.50 yesterday, the DXY has found itself on…