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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…
+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…
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…
GBPUSD Profits +US Oil Long in Profit

GBPUSD Profits + US Oil Long in Profit

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After breaching 91.00, the DXY had a hard time going any higher than 91.20. With this brief moment of weakness, trade setups for GBPUSD and US Oil were able to move into profit. Price action analysis for GBPUSD showed a potential rally back…
GBPUSD Intraday Long + US Oil Swing Entered

GBPUSD Intraday Long + US Oil Swing Entered

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The Dollar is trying to muscle its way through previous highs but is having a hard time at 91.200. This was the previous high made before 2020 ended. As it struggles, certain pairs and commodities are gearing up for moves to the upside. There…
DXY to 91.90? + USDJPY Swing Long Priming

DXY to 91.90? + USDJPY Swing Long Priming

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The Dollar has some life to it as the DXY is up +0.50% for the day. The next target may be 91.90 leaving the door open for USDJPY longs. For the past six weeks, the DXY has been capped by 91.00. Price was able to push up to this level on…

USDJPY & GBPJPY Swing Longs for Next Week

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This was a peaceful week to trade and was a fantastic way to end the first month of 2021. Other than the FOMC rate decision, this week was clear of fundamental news. These stable conditions will be short-lived as we have the Non-Farm Payroll…
GBPJPY Priming for Long + DXY Edging Higher

GBPJPY Priming for Long + DXY Edging Higher

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The US Dollar Index (DXY) made one last honest attempt at attaining 91.00, but once again, price came up short. This failure was then followed by a sharp selloff back down to 90.40. As a result of the Dollar's indecisiveness, certain pairs…