US Oil Hits $62 Per Barrel + GBPUSD Longs

US Oil Hits $62 Per Barrel + GBPUSD Longs

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After briefly pushing above 91.00, the Dollar has found itself on the way back down to 90.50. As a result, many of the majors should resume their gains against the Dollar. Price action traders entered a swing long position for US Oil on February…
Dollar to 91.200 + USDJPY Short?

Dollar to 91.200 + USDJPY Short?

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The US Dollar Index continues to climb as it is up 0.47% for the day. After creating a low to start the week, the price has rallied considerably with 91.200 as the next target. This morning the US economy released its core retail sales data.…
AUDJPY Swing Long + US Oil Above $60 Per Barrel

AUDJPY Swing Long + US Oil Above $60 Per Barrel

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After the long weekend, the Dollar has come out with a punch of its own as price attempts to clear last week's high. It's too early to decide if bullishness is here to stay for the Dollar, so traders are shifting their focus to AUDJPY and US…
US Oil Almost at $60 + GBPJPY Long for Next Week (edited)

US Oil Almost at $60 + GBPJPY Long for Next Week

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The lack of fundamentals this week allowed traders to take full advantage of the charts without worrying too much about unexpected noise. In addition, pairs like GBPJPY are setting up for longs that can be taken next week. Amidst all the…
DXY to 90.50, AUDJPY Swing Long

DXY to 90.50, AUDJPY Swing Long

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After being shorted for much of the week, the US Dollar Index (DXY) is expected to retrace back to 90.50 before possibly continuing its path lower. Price action analysis of the Dollar is suggesting that the current downtrend may be put on…
+200 Pips From Major Trades, More on the Way

+200 Pips From Major Trades, More on the Way

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As the US Dollar Index (DXY) makes its way down to 90.00, traders are securing profits from trades against the Dollar. Price action analysis indicates that the DXY will have a small rebound from 90.40 before the price continues its path down…
GBPUSD, EURUSD and USDCAD in Profit

GBPUSD, EURUSD and USDCAD in Profit

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As predicted, the DXY was set to fall after closing bearish below 91.00. As a result, many trades such as GBPUSD, EURUSD, and USDCAD are surging into profit. Price action analysis yesterday predicted that the Dollar should continue to weaken…
USDJPY Intraday Short + US Oil in Deep Profits

USDJPY Intraday Short + US Oil in Deep Profits

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As expected, the US Dollar Index has found itself below 91.000. If the daily can close below this level, traders may see further Dollar weakness. After last Friday's bullish NFP results, the Dollar has continued its selloff. Price made a…
US Oil Swing Trade in Profit + Dollar Falls on NFP

US Oil Swing Trade in Profit + Dollar Falls on NFP

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Today's Non-Farm Payroll release did not disappoint as the US Economy was able to add 49,000 jobs and drop unemployment to 6.3%. Despite the positive result, the Dollar finds itself down -0.57% for the day. Traders should not put too much…
CADJPY Longs Pending + US Oil Continues to Push

CADJPY Longs Pending + US Oil Continues to Push

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The day before the Non-Farm Payroll (NFP) release, the Dollar is confidently bullish. Price has pushed and closed above 91.200 and is on its way to 91.750.  In most cases, it's not recommended to take trades for the majors right before the…