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GBPUSD Profits + US Oil Long in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter breaching 91.00, the DXY had a hard time going any higher than 91.20. With this brief moment of weakness, trade setups for GBPUSD and US Oil were able to move into profit.
Price action analysis for GBPUSD showed a potential rally back…
GBPUSD Intraday Long + US Oil Swing Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar is trying to muscle its way through previous highs but is having a hard time at 91.200. This was the previous high made before 2020 ended. As it struggles, certain pairs and commodities are gearing up for moves to the upside.
There…
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…
GBPUSD and NZDJPY Long Before FOMC
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
Dollar Fails to Hit 91.00 + Weekly Fundamental Outlook
Forex Trading Analysis, Live Trading Room, Technical AnalysisLast Friday's fundamental news has put a damper on the Dollar's recent attempts to attain 91.00. With a week full of fundamental news, this could be the week that the Dollar finally pushes through or reverts back to the downside.
Today is…
DXY Bullish Despite Bearish Fundamentals
Forex Trading Analysis, Live Trading Room, Technical AnalysisDespite several bearish fundamental factors, the US Dollar Index (DXY) has pushed past this week's high and is en route to 91.00. Traders are left wondering if this is manipulation or a reversal occurring before their eyes.
The first bearish…
EURNZD Shorts + USD Priming For Powell's Speech
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs expected, this morning's fundamental releases have the US Dollar in a blunder. More unemployment claims were filed last month than expected which caused the Dollar to quickly shift from being bullish for the day to bearish.
As a result,…
USDCHF and USDJPY Profits + Dollar At Crossroads
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar spent much of yesterday selling off and as a result trades for USDJPY and USDCHF raked in decent profits for traders. As of right now, the Dollar is at crossroads in deciding which direction it wants to go.
Price action analysis…
USDJPY Shorts + US Oil Swing Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) failed to make a rally to 91.00 and instead is showing signs of bearishness. Traders should look for potential USDJPY shorts and US Oil longs to take advantage of the current situation.
Price action traders have…
EURNZD Short Continuation + DXY to 91?
Forex Trading Analysis, Live Trading Room, Technical AnalysisOver the weekend, the US Dollar Index (DXY) continued its rally as price made a push to 91.00. This key level may be used as a resistance, so traders are advised to focus on the minors until more information is available.
One minor that may…