Posts
GBPUSD Shorts Back in Play as Dollar Pushes Higher off Key Zone
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders are moments away from entering short for GBPUSD as the Dollar is on its way to make a new higher high.
It seemed highly likely yesterday that GBPUSD was ready to be sold. However, the Dollar ran under brief pressure by…
Dollar Bulls Continue to 93.170 + GBPUSD Shorts Activated
Forex Trading Analysis, Live Trading Room, Technical AnalysisBulls continue to dominate bears as the Dollar sets out to reach July's high. With bearish price action seen on GBPUSD, traders are entering short for GBPUSD.
The US Dollar Index (DXY) has continued building on the momentum gained on last…
US Oil Almost at $60 + GBPJPY Long for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
USDJPY & GBPJPY Swing Longs for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
NZDUSD Profits + GBPJPY Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisSince yesterday, the US Dollar Index has gone from giving signs of weakness to surging strongly to the upside. Despite the DXY failing to meet 91.00, the brief bullishness allowed traders to cash in on shorts for the majors.
One major that…
USDCAD Profits + Pound Pairs are Priming
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over our USDCAD trade from yesterday, and then we went over the lack of movement in the Pound pairs.
During yesterday's live session, we discussed the two possible scenarios for the US Dollar Index.…
Powell Insists on Lower Rates + GBPJPY Swing Trade
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over Powell's speech as well as our predictions for the US Dollar moving forward. We then found swing trades for GBPJPY and EURNZD.
This morning Fed Jerome Powell spoke about his plans for the monetary…
EURUSD and GBPUSD Profits + GBPJPY to 143.666?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the status of our EURUSD and GBPUSD trades. We then found trades for Gold (XAUUSD), Silver, and GBPJPY.
During yesterday's live session, we identified long setups for both EURUSD and GBPUSD. We…
Gold Almost at 1900 + Silver to $25?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over our GBPJPY and EURCAD trades that were taken yesterday. We then spoke about last-minute setups for Silver, Gold, and GBPAUD.
During yesterday's live trading session, we identified a long trade…