Posts

AUDJPY Trade in +100 Pips of Profit, Dollar Creates New Yearly High

AUDJPY Trade in +100 Pips of Profit, Dollar Creates New Yearly High

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Price action traders are enjoying their AUDJPY shorts as price dives deep into profit. Meanwhile, Dollar bulls tear through the previous yearly high to establish a new high for the year. After a few days of consolidation, AUDJPY has finally…
Dollar Struggles at July's High + NZDUSD Looks to Break Key Support

Dollar Struggles at July's High + NZDUSD Looks to Break Key Support

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After ending last week bullish, Dollar bulls are starting to struggle at July's high. Meanwhile, NZDUSD bears are looking to push below for the first time this quarter. The US Dollar Index (DXY) is currently having a hard time breaching and…
AUDNZD in Profit + NZDJPY Pending Entry Long

AUDNZD in Profit + NZDJPY Pending Entry Long

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As the Dollar continues to stagnate, the minor currency pairs prove to be worth looking at as AUDNZD pushes lower and NZDJPY pushes higher. Yesterday price action traders were eyeing potential shorts for AUDNZD as this month's candle is closing…
AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move

AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move

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With the Dollar resisting a push lower, the Forex majors are stuck in a rut. The Forex minors are still thriving as traders look to short AUDNZD and long NZDJPY. Despite making a new low for the month of May, the US Dollar is back fighting…
+350 Pip Week + USDJPY Swing Trade

+350 Pip Week + USDJPY Swing Trade

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Another 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

NZDJPY Almost at TP3 + EURUSD Breakout Pending

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After 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 and NZDJPY Swing Longs Active For Next Week!

GBPUSD and NZDJPY Swing Longs Active For Next Week!

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As 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…
GBPUSD and NZDJPY Long Before FOMC

GBPUSD and NZDJPY Long Before FOMC

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The trend is usually your friend, especially on the higher timeframes. Despite the recent rallies, the US Dollar Index is conforming to the long-term downtrend and is headed lower. With the Dollar down -0.26% for the day, many majors are…
NZDJPY Longs + BTC Has Hit 40,000!

NZDJPY Longs + BTC Has Hit 40,000!

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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…
EURUSD Swing in Profit + AUDUSD Ready to Enter

EURUSD Swing in Profit + AUDUSD Ready to Enter

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In today's live trading session, we went over the status of our EURUSD swing trade, and then we discussed our pending AUDUSD trade idea. During yesterday's live session, we describe why we believe EURUSD will rally to new highs for the year.…