Posts

USDCAD Shorts As Dollar Bears Gain Momentum

Why the Majors are Still Bullish for 2021

, ,
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…
DXY to 91.00 and Majors Look to Short

DXY to 91.00 and Majors Look to Short

, ,
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…
Pfizer Vaccine Revives US Dollar

Pfizer Vaccine Revives US Dollar

, ,
In today's live trading session, we went over the current status of the US Dollar Index (DXY) and the Forex majors. Last week the media announced that Joe Biden had won the 2020 US Election. This announcement resulted in the selling of the…
USD Slips on Mixed News + US and China Cold War?

USD Slips on Mixed News + US and China Cold War?

, ,
In today's live trading session, we discussed the cold war brewing between two superpowers and its potential effects on the Forex market. We then identified two setups for the major currency pairs. In particular, long setups for both NZDUSD…