Weekly Profit Recap + Next Week's Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the trades that were taken as well as the ones that weren't, and then we determined setups for next week.
Similar to the past few weeks, the market conditions have been ranging and choppy. We…
Euro Needs to Clear Key Resistance Before Buying!
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading webinar, we went over the European Central Bank's (ECB) rate decision and what effect it may have on the Euro. We then identified a few last-minute setups to take before Friday's market close.
Like many other banks…
Canadian Monetary Policy Boosts CAD
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the Canadian monetary policy statement and its consequent effects on the Forex market. We then spent the rest of the session looking for trades to take to finish the week off.
This morning the…
EURUSD and EURJPY Profits + DXY Ready to Melt?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the status of our Euro trades, and then we gave our members an update on the US Dollar Index (DXY).
In yesterday's live trading session, we discussed the possibility of taking an intraday short…
COT Report Hints Bullish Euro and Bearish Dollar
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we determined the bias for many of the major and minor currency pairs. This was achieved by first analyzing the US Dollar Index (DXY) and then looking at the rest of the Forex pairs.
After analyzing the US…
Weekly Profit Recap + Next Week Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we did a recap of how our week went, and then we completed price action analysis to determine trades for next week.
The current market choppiness appears to be here to stay. For this reason, we reduced the…
US Dollar Bulls Are Back? + CADJPY and CADCHF Trades
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the results of the US unemployment claims and then completed analysis for the Dollar Index to determine the direction of the majors.
This morning the US economy printed a result of 1.314 million…
Beware of Smokescreens + AUDJPY Short Setup
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live session, we focused on the fundamentals behind the recent rallies for the Euro and whether if these rallies are here to stay or if they are all smokescreens.
At the start of the week, many of the European pairs seemed to be…
Gold Almost at 1800 + CADJPY Short Ready?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we spoke about Gold's journey to 1800 as well as trade setups for CADJPY and NZDCAD.
Back in December 2019, RP Forex made a bold prediction that Gold would reach at least $1800 by the end of 2020. Fast forward…
Positive USD Manufacturing Data + EURUSD Short?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we discussed this morning's US manufacturing data and then completed analysis to determine possible trades for the week.
This morning the US economy printed a result of 57.1 versus an expectation of 50.0 for…