Posts
Forex Major Shorts as US Dollar Index Rebounds from 93.170
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders can look to possibly short the Forex majors as the Dollar rebounds from the key level of 93.170 a day before the FOMC press conference.
After attaining 93.430, the US Dollar completed a pullback to 93.170. This was level was an important…
DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow's NFP job report.
The US Dollar Index had a rough time last week of July…
Majors Await FOMC Presser + NZDUSD Shorts Commence
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Forex majors have spent much of the day awaiting the FOMC meeting minutes for more insight on the Dollar's trajectory. Meanwhile, shorts for NZDUSD are starting to play out as price revisits support at 0.69200.
Today's FOMC conference…
Euro "On Crutches" and Dollar Rebounds
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's ECB press conference left nothing to the imagination as Christine Lagarde (ECB head) said the economy is still "on crutches". As a result, the Dollar has rebounded back to 91.400.
Although, the ECB has kept interest rates at 0.00%,…
+200 Pips From Major Trades, More on the Way
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs 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…
EURCAD and GBPCAD in Profit + US Dollar Bulls are Back?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the US CPI data release, and then we went over the current status of our trades.
This morning the US released it's Consumer Price Index (CPI) with a result of 0.6% versus a forecast of 0.3%. The…
Bullish NFP as Expected + Next Week Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the Non-Farm Payroll employment data and then determined trade setups to take next week.
As predicted, the NFP results came out far greater than expected. The US economy was able to drop the unemployment…
Jerome "By Any Means" Powell + Forex Markets React to the End of Covid-19?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session we went over Jerome Powell's comments regarding the US Economy as well as trade setups for the week.
Early this morning, Jerome Powell indicated that the Federal Reserve will take a "by any means necessary"…
Weekly Profit Recap (+140 Pips) + Next Week Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the trades we took this week as well as trade setups to potentially take next week. Although, we didn't reach out +300 pip per week goal, we had a total of 6 trades, with 5 being winners. Quality…
US Unemployment Claims Surprise Again + EURJPY and CHFJPY Profits
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the profits made from the trades taken yesterday, the US Unemployment Claim numbers and setups to take before tomorrow's market close.
During yesterday's session, we determined a bearish bias…