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Dollar to Rebound From 91.90? Majors Rise

Dollar to Rebound From 91.90? Majors Rise

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The Dollar is in a tough spot as sellers continue to force the index lower. A possible area where the DXY can rebound is 91.900. If it fails to do this, we can see many majors start to rise once again. After the passing of the 1.9 trillion…
EURUSD and USDCHF Swing Shorts

EURUSD and USDCHF Swing Trades

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After solid job numbers and a stimulus bill finally decided upon, the US Dollar is thriving and is officially reversing to the upside. As a result of the Dollar reaching new yearly highs, EURUSD is set to visit pre-pandemic levels. Price…
USDCHF and US Oil Ready to Move HIgher (edited)

USDCHF and US Oil Ready to Move Higher

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As expected, today's Non-Farm Payroll release was positive and as a result, the Dollar is continuing its uptrend. With the Dollar continuing its push higher, USDCHF is also following its tracks. USDCHF has been on a downtrend since May 2019,…
Dollar Surges After Powell's Speech - Time for a Reversal?

Dollar Surges After Powell's Speech - Time for a Reversal?

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After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…

EURUSD & GBPUSD Intraday Longs

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Further US Dollar upside appeared fairly promising yesterday, but selling pressure has pushed the Dollar back below 91.00. As a result, the current daily candle is a shooting star, suggesting further downside for the Dollar. The US Dollar…
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GBPUSD Hits Target + EURUSD Range Breakout

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The US Dollar Index (DXY) has started to consolidate after reaching the 90.000 psychological level. The long-term trend is still down, so we expect further downside this week. Price action traders entered GBPUSD longs last Friday and are…
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.…
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…