In today’s live trading session, we went over the status of our pending trades. We then went over our predictions for tomorrow’s Euro PMI release. In yesterday’s live session, we discussed possible trade setups for EURUSD and GBPUSD. We wanted to make sure that the US Dollar Index made it’s push to 94.00 before we […]
In today’s live trading session, we went over the US Dollar Index and as a result, have found trade setups for EURUSD and GBPUSD. This morning the US Dollar Index surged to the upside, with the index being up 0.76% for the day. Based on technical analysis, we see 94.00 as the next target. This […]
In today’s live trading session, we went over how our trading week went and we then completed analysis to prepare for next week. This week was fairly quiet in the Forex Trading Room as the markets weren’t providing us entries into our pending setups. For that reason, we officially only entered two trades. Luckily, our […]
In today’s live trading session, we went over the FOMC rate decision and what that may entail for the US Dollar. We then found trade setups for EURUSD and USDJPY. Yesterday the FOMC decided to keep interest rates unchanged. We predicted this would occur and we also predicted that the US Dollar would have a […]
In today’s live trading session, we went over the possible outcomes for today’s FOMC press conference in relation to the US Dollar Index. We then discussed trade setups for GBPUSD and GBPJPY. This afternoon at 2:00 PM EST the FOMC is unveiling its economic projections for the US economy as well as the interest rate […]
In today’s live trading session, we went over the current status of the US Dollar Index before tomorrow’s FOMC rate decision. At the moment the US Dollar Index is having a tug-of-war at the 93.00 psychological level. We will continuously monitor price action at this level as it will give us more insight into the […]
In today’s live trading session, we went over the forecasts for this week’s FOMC rate statement. We then found possible scenarios for the US Dollar Index and consequently its effect on the major currency pairs. This week the Federal Open Market Committee (FOMC) will decide the interst rate moving forward for the United States. Forecasts […]
In today’s live trading session, we went over the trades we took this week. We then completed technical analysis to determine viable trade setups for next week. This week was another great week for us in the Forex Trading Room. We took four trades, three were winners and one was a loss. Our trades for […]
In today’s live trading session, we went over the ECB rate statement and what it may entail for our current and pending setups. We then found a swing short for GBPUSD. The European Central Bank (ECB) has decided to keep interest rates unchanged at 0.00%. This has been the same rate for several years now. […]
In today’s live trading session, we went over the current status of our trades. We then identified a long setup for EURUSD and a short for EURGBP. During yesterday’s live session, we determined a bearish bias for the US Dollar Index (DXY). Based on this analysis, we identified two sell setups for USDCHF and USDJPY. […]