CADCHF Shorts Entered and US Oil Hits +200 Pips of Profit

CADCHF Shorts Entered and US Oil Hits +200 Pips of Profit

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The Dollar is still stuck in its consolidating ways and traders are now flocking to the minors to get suitable trade options. Oil continues its tear as traders are up +225 pips in profit. The US Dollar Index (DXY) is consolidating below 90.550…
US Oil Up +150 Pips and a Potential Short for USDCAD

US Oil Up +150 Pips and a Potential Short for USDCAD

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Another trading week, another week that US Oil sets to push higher. Price action traders are looking to short USDCAD as this pair tends to be negatively correlated with Oil. US Oil was able to create a new yearly highly just short of 71.80…
US Oil Up +120 Pips and Dollar Pushes Back Against Bears

US Oil Up +120 Pips and Dollar Pushes Back Against Bears

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Price action traders are enjoying profits from US Oil as the price continues to make new highs for the year. The US Dollar Index (DXY) is back at this week's high as it attempts a bullish reversal. This week's weekly candle will close as…
US Oil Back to Yearly High + CADJPY Approaching Key Level

US Oil Back to Yearly High + CADJPY Approaching Key Level

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After a slight retracement, Crude (US Oil) is back to this year's high. CADJPY is approaching a key monthly level which could provide a great trade opportunity in either direction. Earlier this week Oil was able to attain a new high for the…
US Oil Hits First Target + AUDUSD Intraday Trade

US Oil Hits First Target + AUDUSD Intraday Trade

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Price action traders who entered long for Crude (US Oil) have reached their first target of +50 pips. In the meantime, AUDUSD is looking to provide an intraday short based on the hourly range. Yesterday, Oil was able to set a new high for…
US Oil Longs Entered Once Again as Dollar Move Delayed

US Oil Longs Entered Once Again as Dollar Move Delayed

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As the Dollar struggles once again with a sense of direction, Crude (US Oil) has gone on to make a new high for the year and is striving to push higher. After it had seemed likely that the US Dollar Index (DXY) would revisit 89.700, bulls…
US Oil in Further Profits + Gold Longs Set for Entry

US Oil in Further Profits + Gold Longs Set for Entry

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The Dollar is continuing its push lower which it started after last Friday's Non-Farm Payroll release. With that move in mind, traders could see Oil surge into further profits and Gold longs develop. Price action traders were able to enter…
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Crude Oil Trade in Profit + Gold Longs Delayed Until Next Week

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Despite bullish ADP and Non-Farm Payroll numbers, the Dollar has it's being pressured by bears once again to close the week. Oil longs are in profit and Gold is looking to give traders entry next week. For much of the week, price action traders…
Dollar Surges on ADP Job Report + Oil Longs Pending Entry

Dollar Surges on ADP Job Report + Oil Longs Pending Entry

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The US Dollar Index (DXY) is up 0.65% for the day as the ADP job numbers came out better than expected. Despite this, Crude (Oil) is gearing up for an entry long. This morning ADP job numbers came out at 978,000 versus the forecast of 645,000.…
Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!

Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!

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The US Dollar Index (DXY) has once again rejected 90.00 after a brief visit. With that in mind, Gold and Crude (Oil) are both looking to push higher against the weaker Dollar. The past 4-6 weeks have been a struggle for the Dollar as the…