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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…
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…
Pfizer Vaccine Revives US Dollar

Pfizer Vaccine Revives US Dollar

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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…

Potential Reversal for the US Dollar Index (DXY)

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The DXY (US Dollar Index) has been in an uptrend over the last few months, but when we come to the dates of June 22nd - July 7th, we find turning points in markets. The behaviour is for markets to correct and/or reverse trends during this time…