Posts

Dollar Stuck in a Range, Gold Priming for Next Push Lower

Dollar Stuck in a Range, Gold Priming for Next Push Lower

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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…
USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

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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 Shorts As Dollar Bears Gain Momentum

USDCAD Shorts As Dollar Bears Gain Momentum

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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…
US DOLLAR SLIPS LOWER + CRYPTOS FACE PRESSURE FROM BEARS

US Dollar Slips Lower + Cryptos Face Pressure From Bears

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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…
US Dollar to 93.400 + Gold and AUDUSD Shorts for Next Week

US Dollar to 93.400 + Gold and AUDUSD Shorts for Next Week

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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…
Gold Trade Up +400 Pips as Dollar Bulls Pile On

Gold Trade Up +400 Pips as Dollar Bulls Pile On

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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…
Dollar Continues to Consolidate and Potential Shorts for USDCAD

Dollar Continues to Consolidate and Potential Shorts for USDCAD

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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…
CADCHF Shorts Entered and US Oil Hits +200 Pips of Profit

CADCHF Shorts Entered and US Oil Hits +200 Pips of Profit

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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…
US Oil Up +150 Pips and a Potential Short for USDCAD

US Oil Up +150 Pips and a Potential Short for USDCAD

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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…
US Oil Up +120 Pips and Dollar Pushes Back Against Bears

US Oil Up +120 Pips and Dollar Pushes Back Against Bears

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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…