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+350 Pip Week + USDJPY Swing Trade
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother eventful and profitable week is in the books for traders. Due to the Dollar's ability to trend this week, many traders were able to rake in serious profits from both the majors and minors.
Last Friday's price action on the daily time…
NZDJPY Almost at TP3 + EURUSD Breakout Pending
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter spending much of the at 90.200, the US Dollar Index has pushed up to the upside, but the rally was short-lived. Price has since then created a new lower high and should head lower.
While the DXY battles immense selling pressure, GBPUSD…
GBPUSD Hits Target + EURUSD Range Breakout
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
GBPUSD in Profits + NZDJPY is Next!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs forecasted, the US Dollar Index has headed lower after clearing this week's low. Traders can expect further weakness for the Dollar throughout this week.
The signs of the Dollar's demise were present last Friday. In addition to the bullish…
GBPUSD and NZDJPY Swing Longs Active For Next Week!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs expected, the US Dollar Index took a tumble and went as low as 90.170 for the day. Price action analysis forecasts further Dollar weakness for next week.
As a result of the weakening Dollar, the Pound has started to resume its previous…
US Oil Hits $62 Per Barrel + GBPUSD Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter briefly pushing above 91.00, the Dollar has found itself on the way back down to 90.50. As a result, many of the majors should resume their gains against the Dollar.
Price action traders entered a swing long position for US Oil on February…
DXY to 90.50, AUDJPY Swing Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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
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…
GBPUSD, EURUSD and USDCAD in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs predicted, the DXY was set to fall after closing bearish below 91.00. As a result, many trades such as GBPUSD, EURUSD, and USDCAD are surging into profit.
Price action analysis yesterday predicted that the Dollar should continue to weaken…
CADJPY Longs Pending + US Oil Continues to Push
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…