In today’s live trading session, we went over the current status of our USDJPY and AUDJPY trade ideas. We then gave an update on our NZDUSD swing trade. After hitting our first take profit, USDJPY came back and stopped our remaining position at breakeven, This move was facilitated by a ‘random’ gap up in the […]
In today’s live trading session, we went over the current status of our USDJPY trade idea. We then found a possible entry for EURJPY. During yesterday’s session, we discussed the possibility of the DXY selling off to 92.19. The index has come very close to reaching this level and price action still remains bearish, We […]
In today’s live trading session, we went over possible trade ideas for EURJPY and NZDJPY. This morning we noticed the US Dollar Index (DXY) continuing its path to 92.50. Despite this, many of the major currency pairs are staying put. We were able to find a possible short for EURJPY. This trade can be in […]
In today’s live trading session, we went over possible trade ideas for AUDUSD and NZDJPY. This morning the US Dollar Index continued its selloff to 92.50. This move may be attributed to Moderna announcing their vaccine being 94.5% effective in preventing Covid-19. Besides, technical analysis indicates further Dollar weakness as well. With this news, we […]
In today’s live trading session, we went over the trades we took this week, and then we found trade ideas for next week. Due to the US Election carrying over to this week, we had a very slow start to the week. Many of our pending setups for EURNZD and AUDNZD did not become active […]
In today’s live trading session, we went over the current status of our USDCHF trade idea. We then gave an update on our pending NZDCHF trade idea. During yesterday’s session, much of our focus was on EURNZD and AUDNZD. Our entry criteria for those pairs have yet to be confirmed. As a result, we decided […]
In today’s live trading session, we went over the status of our pending trade setups for EURNZD and AUDNZD. In yesterday’s live session we discussed the possibility of either going long or short for EURNZD, depending on what price action dictates. Since then, price has dropped 0.98% for this pair and we see the short […]
In today’s live trading session, we went over the incoming consolidation for the US Dollar. We then found two trade ideas for NZDCHF and EURNZD. We expect the US Dollar to consolidate from today until Thursday afternoon. For one, we have zero high impact USD news for the rest of today. A second reason why […]
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 US Dollar Index. However, this morning, Pfizer has come to the rescue. […]
In today’s live trading session, we continued our discussion about the US Election and the Forex market. It has now been three days since the US Election has started, and we have yet to determine a president. At the current moment, it seems as if a Biden victory is almost certain. This could not be […]