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Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

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After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year…
USDCAD Profits + NZDUSD Looking to Head Lower

USDCAD Profits + NZDUSD Looking to Head Lower

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The calm before the storm, that is the storm of fundamental events that will be taking place tomorrow. The DXY could go either way, and traders have options in terms of trade setups. Currently, the DXY is resting at this week's low of 90.40.…
USDJPY Shorts and AUDUSD Longs Almost Ready

USDJPY Shorts and AUDUSD Longs Almost Ready

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The 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…