Since early October, the DXY has been on a bullish push for some weeks, riding the 20ma reasonably well and making some nice extensions to the upside.

Several of the other major currencies (EUR, JPY, GBP, NZD & CAD) have been doing almost the exact opposite as the DXY and trending bearish, presenting some excellent opportunities recently. The divergence being visible in the screenshot below of the DXY and fhe EUR.

The DXY and most of the other major currencies as listed above are currently in the process of switching trend directions or entering a range. I will refrain from taking any positions with Forex pairs until a trend is established on atleast the DXY and two other major currencies.