US Dollar Headed Lower + AUDUSD Surges in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe last official trading day of 2020 is in the books. The markets were still fairly active on the last day as the US Dollar Index (DXY) continues its selloff.
As predicated by price action and smart money analysis, the DXY is set to continue…
DXY Bullish for Now + AUDUSD Ready to Launch
Forex Trading Analysis, Live Trading Room, Technical AnalysisSince yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected.
Candlestick analysis indicates a potential rebound from 89.88 as…
Why the Majors are Still Bullish for 2021
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs we approach the middle of the holidays, the US Dollar Index (DXY) is still respecting the long-term downtrend. This morning traders are finding many of the majors selling off, but that may not last for too long.
Price action and smart…
Market Outlook for the Holiday's
Forex Trading Analysis, Live Trading Room, Technical AnalysisIt's the day before Christmas Eve and the markets are certainly aware of that. Traders should expect major bouts of consolidation from now until January 4th as the holidays stroll around.
For the US Dollar Index (DXY), price is expected to…
DXY to 91.00 and Majors Look to Short
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is not done just yet as the index has hopes of going higher. As a result, many of the major currency pairs are projecting potential short-term shorts.
After revisiting 90.50 yesterday, the DXY has found itself on…
DXY Gap and Holiday Trading Conditions
Forex Trading Analysis, Live Trading Room, Technical AnalysisOver the weekend the US Dollar Index (DXY) gapped from 89.90 to 90.45 and then went on a rally back to the 91.00 psychological level. This sudden move was not a shock to most veteran traders as this type of volatility can be expected during…
Knowing When to Exit a Trade + Profit Recap
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe last full trading week of 2020 is finally in the books. Many traders were able to secure a good deal amount of profit all thanks to the rapid depreciation in the Dollar. Trade setups for EURUSD and AUDUSD seemed to be the most popular among…
EURUSD and AUDUSD Profits + DXY to 88.75
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
EURUSD Ready to Enter + NZDCAD Shorts
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
DXY Going Lower + EURUSD Breakout Almost Ready
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis 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…