After an exhilarating few days of price action, the US Dollar Index (DXY) is back to consolidating. In the meantime, Gold (XAUUSD) is priming for another move lower to last week’s low of 1763. Last week ended with a bang as the Dollar came crashing down back to 91.900 after making a new high for […]
Price action traders are enjoying profits made from shorting USDCAD and bulls are starting to show some fight in the crypto market. After determining a bearish bias for the Dollar yesterday, price action traders entered short for USDCAD. USDCAD pushed higher impulsively but was able to close below last week’s higher low. This move was […]
After last week’s rally by the bulls, bears are having one of their own for the Dollar. With that in mind, traders could see USDCAD head lower on an intraday level. Yesterday bears were able to take the US Dollar Index (DXY) back to last week’s low of 91.800. Today bears made another statement by […]
After a dominant showing last week, the US Dollar Index (DXY) opens up the week with serious pressure applied by the bears. On the other hand, crypto markets continue to see major shorts as cryptos go on to make new lows. After a slow start to last week, the Dollar finished the last three trading […]
Today marks the third straight bullish day for the US Dollar Index (DXY) suggesting the price is officially reversing higher. As a result, both Gold and AUDUSD shorts should be explored next week. After spending almost the past two months in indecision, Dollar bulls have finally won the battle against the bears. In just three […]
Price action traders are enjoying Gold shorts as the price has taken a deep dive this week after Dollar bulls have pushed the US Dollar Index (DXY) to new quarterly highs. Price action analysis completed yesterday on Gold provided a possible short setup. This was due to price failing to create new highs since attaining […]
The US Dollar Index (DXY) is once again stuck in its consolidated ways and that has been the sentiment for almost two months now. Despite this, traders may have a short setup for USDCAD. For the third straight day this week, the Dollar is stuck below 90.550. Price on the H4 timeframe is stuck in […]
The Dollar is still stuck in its consolidating ways and traders are now flocking to the minors to get suitable trade options. Oil continues its tear as traders are up +225 pips in profit. The US Dollar Index (DXY) is consolidating below 90.550 as it has been doing for the past three trading days. Price […]
Another trading week, another week that US Oil sets to push higher. Price action traders are looking to short USDCAD as this pair tends to be negatively correlated with Oil. US Oil was able to create a new yearly highly just short of 71.80 this Monday. Traders can expect the price to pull back slightly […]
Price action traders are enjoying profits from US Oil as the price continues to make new highs for the year. The US Dollar Index (DXY) is back at this week’s high as it attempts a bullish reversal. This week’s weekly candle will close as a bullish hammer for Oil as the price has continued its […]