Posts

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…
DXY Gap and Holiday Trading Conditions

DXY Gap and Holiday Trading Conditions

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Over the weekend the US Dollar Index (DXY) gapped from 89.90 to 90.45 and then went on a rally back to the 91.00 psychological level. This sudden move was not a shock to most veteran traders as this type of volatility can be expected during…
Knowing When to Exit a Trade + Profit Recap

Knowing When to Exit a Trade + Profit Recap

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The last full trading week of 2020 is finally in the books. Many traders were able to secure a good deal amount of profit all thanks to the rapid depreciation in the Dollar. Trade setups for EURUSD and AUDUSD seemed to be the most popular among…
DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

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The first trading day of the week is in the books. This Monday morning the US Dollar Index (DXY) has been stuck in a range, and pairs such as EURUSD and NZDUSD are developing setups. Traders are finding DXY ranging between 90.50 and 91.25.…
AUDUSD and CADJPY Long Trade Ideas

AUDUSD and CADJPY Long Trade Ideas

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In today's live trading session, we went over trade ideas for AUDUSD and CADJPY. As the US Dollar Index (DXY) continues to range between 90.75 and 91.00, many of the majors have also begun to range. One major has separated itself from the…
DXY Bullish in the Short Term + EURUSD Short?

DXY Bullish in the Short Term + EURUSD Short?

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In today's live trading session, we went over the US Dollar Index (DXY) and why we may look at shorting EURUSD. During yesterday's session, we believed that the DXY will eventually get down to last week's low of 90.52. However, the Dollar…
DXY Stuck in Range + AUDUSD Ready to Enter?

DXY Stuck in Range + AUDUSD Ready to Enter?

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In today's live trading session, we went over the ranging US Dollar Index (DXY), and a trade setup for AUDUSD. As of this morning, the DXY has spent the majority of its time stuck in a range between 91.000 and 90.75. During yesterday's session,…
EURUSD, AUDUSD and NZDUSD Long Trade Ideas

EURUSD, AUDUSD and NZDUSD Long Trade Ideas

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In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and NZDUSD. Last Friday, we discussed the double bottom that was created by the US Dollar Index (DXY). We predicted a small rally to 91.000, at which point price…