Posts

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…
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…
DXY Bullish for Now + AUDUSD Ready to Launch

DXY Bullish for Now + AUDUSD Ready to Launch

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Since yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected. Candlestick analysis indicates a potential rebound from 89.88 as…
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 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 Going Lower + EURUSD Breakout Almost Ready

DXY Going Lower + EURUSD Breakout Almost Ready

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This morning the US Dollar Index (DXY) has dropped to this week's low of 90.50. The DXY is set to head down lower to the low created last week at 90.42. As a result, pairs such as EURUSD and AUDUSD are ready to breakout. Price action analysis…
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.…