The US Dollar Index (DXY) is wasting no time to reach 2018’s low as sellers continue to pressure the Dollar to go lower. Today many of the majors have extended their gains against the Dollar, with some being up +0.62% up for the day. EURUSD has pushed through the weekly high of 1.21750 and is […]
The midweek of the trading week is here and the markets are jumping with volatility. This morning Congress passed a $900 billion stimulus package for the United States. This news led to a rapid depreciation in the US Dollar and several setups priming for entry. Price action traders have entered EURUSD longs with a long […]
This morning the US Dollar Index (DXY) has dropped to this week’s low of 90.50. The DXY is set to head down lower to the low created last week at 90.42. As a result, pairs such as EURUSD and AUDUSD are ready to breakout. Price action analysis presents EURUSD as almost ready to breach 1.21750 […]
The first trading day of the week is in the books. This Monday morning the US Dollar Index (DXY) has been stuck in a range, and pairs such as EURUSD and NZDUSD are developing setups. Traders are finding DXY ranging between 90.50 and 91.25. This consolidation has translated to abrupt moves in the Forex major […]
Another trading week has been completed in the Forex Trading Room. For today’s session, trade setups for USDCHF, EURUSD, and NZDUSD were covered. For the entirety of the week, the US Dollar Index (DXY) was ranging. Price was stuck between 90.75 and 91.25. Due to this, many of the majors such as EURUSD and NZDUSD […]
In today’s live trading session, we went over trade ideas for AUDUSD and CADJPY. As the US Dollar Index (DXY) continues to range between 90.75 and 91.00, many of the majors have also begun to range. One major has separated itself from the rest, and that’s AUDUSD. This pair has surged to the upside substantially […]
In today’s live trading session, we went over the US Dollar Index (DXY) and why we may look at shorting EURUSD. During yesterday’s session, we believed that the DXY will eventually get down to last week’s low of 90.52. However, the Dollar had other plans. Instead of moving lower, the Dollar has gotten itself stuck […]
In today’s live trading session, we went over the ranging US Dollar Index (DXY), and a trade setup for AUDUSD. As of this morning, the DXY has spent the majority of its time stuck in a range between 91.000 and 90.75. During yesterday’s session, we expected the price to head lower down to 90.52. This […]
In today’s live trading session, we went over swing trades for EURUSD, AUDUSD, and NZDUSD. Last Friday, we discussed the double bottom that was created by the US Dollar Index (DXY). We predicted a small rally to 91.000, at which point price would reject that level and head lower. Over the weekend and going into […]
In today’s live trading session, we went over swing trades for EURUSD, AUDUSD, and GBPUSD that we have for next week. EURUSD has already been entered and has achieved our first target. We went as high as +59 pips, since then the price has come back to take profit 1. We expect a retracement for […]