Posts

EURUSD Ready to Enter + NZDCAD Shorts

EURUSD Ready to Enter + NZDCAD Shorts

, ,
The 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

DXY Going Lower + EURUSD Breakout Almost Ready

, ,
This 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…
DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

, , ,
The first trading day of the week is in the books. This Monday morning the US Dollar Index (DXY) has been stuck in a range, and pairs such as EURUSD and NZDUSD are developing setups. Traders are finding DXY ranging between 90.50 and 91.25.…
USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

, ,
Another trading week has been completed in the Forex Trading Room. For today's session, trade setups for USDCHF, EURUSD, and NZDUSD were covered. For the entirety of the week, the US Dollar Index (DXY) was ranging. Price was stuck between…
DXY Bullish in the Short Term + EURUSD Short?

DXY Bullish in the Short Term + EURUSD Short?

, ,
In today's live trading session, we went over the US Dollar Index (DXY) and why we may look at shorting EURUSD. During yesterday's session, we believed that the DXY will eventually get down to last week's low of 90.52. However, the Dollar…
DXY Stuck in Range + AUDUSD Ready to Enter?

DXY Stuck in Range + AUDUSD Ready to Enter?

, ,
In today's live trading session, we went over the ranging US Dollar Index (DXY), and a trade setup for AUDUSD. As of this morning, the DXY has spent the majority of its time stuck in a range between 91.000 and 90.75. During yesterday's session,…
EURUSD, AUDUSD and NZDUSD Long Trade Ideas

EURUSD, AUDUSD and NZDUSD Long Trade Ideas

, ,
In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and NZDUSD. Last Friday, we discussed the double bottom that was created by the US Dollar Index (DXY). We predicted a small rally to 91.000, at which point price…
EURUSD, AUDUSD and GBPUSD Swing Trades for Next Week

EURUSD, AUDUSD and GBPUSD Swing Trades for Next Week

, ,
In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and GBPUSD that we have for next week. EURUSD has already been entered and has achieved our first target. We went as high as +59 pips, since then the price has…
EURUSD Swing in Profit + AUDUSD Ready to Enter

EURUSD Swing in Profit + AUDUSD Ready to Enter

, ,
In today's live trading session, we went over the status of our EURUSD swing trade, and then we discussed our pending AUDUSD trade idea. During yesterday's live session, we describe why we believe EURUSD will rally to new highs for the year.…
EURUSD Swing Long Almost Ready + DXY Almost at 91

EURUSD Swing Long Almost Ready + DXY Almost at 91

, ,
In today's live trading session, we went over the bearish US Dollar Index (DXY) and then gave an update on our EURUSD long trade. As expected, the DXY has continued its bearish momentum as price action continues to respect the current downtrend.…