Posts

DXY Target Like a Magnet + BTC Short Term Longs

DXY Target Like a Magnet + BTC Short Term Longs

, ,
We were given the go ahead by price action on our DXY targets today. This puts us in a very nice position to treat the target like a magnet also as US Economic Optimism bounced back up since the initial Covid era lows. The Dollar Index pushed…
DXY Remains in Control + Crypto Targets Hit

DXY Remains in Control + Crypto Targets Hit

, ,
The Dollar is holding it reign, as over $2.5 billion in crypto liquidated ahead of executive testimony from eight major crypto currency firms on December 8th. This was a first of its kind before the US House Financial Services Committee. We…
Gold & Crypto to Drop + DXY Remains Bullish

Gold & Crypto to Drop + DXY Remains Bullish

, ,
Surprise NFP data reporting was less than expected for US Employment Change, most notably was that the jobless rate data came in less than forecast at 4.2 to help balance things out. Despite this, we are sticking with our price narrative that…
+150 Pips from Ethereum Long + Dollar Neutral at 92.500

+150 Pips from Ethereum Long + Dollar Neutral at 92.500

, ,
Our traders are enjoying their profits from Ethereum as the trade is up +150 pips of profit. Meanwhile, the US Dollar Index (DXY) is showcasing mixed price action at the key level of 92.500. Approximately two weeks ago, price action traders…
Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

, ,
After a bullish start to July, the Dollar has started off August by clinging onto support at 92.00. Meanwhile, Ethereum has turned bearish as price faces multiple days of selling pressure. Last week, the US Dollar Index (DXY) faced nearly…
USDCHF and US Oil Ready to Move HIgher (edited)

USDCHF and US Oil Ready to Move Higher

, ,
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,…

Predictions for NFP + GBPUSD Swing Long

, ,
This morning was the release of the ADP job numbers for the US economy. The result was the addition of 117,000 jobs versus the forecast of 203,000. This result led to only a small dip in the Dollar. Current forecasts for this Friday's NFP…
US Oil Swing Trade in Profit + Dollar Falls on NFP

US Oil Swing Trade in Profit + Dollar Falls on NFP

, ,
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

, ,
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…
NZDJPY Longs + BTC Has Hit 40,000!

NZDJPY Longs + BTC Has Hit 40,000!

, ,
This morning the US Dollar Index (DXY) has created a new high for the year near 90.00. Some of this can be attributed to the chaos that occurred at the Capitol. Also, Donald Trump has conceded the 2020 election this morning which may also have…