Posts

Dollar to 92.500 + Majors Start to Slip

Dollar to 92.500 + Majors Start to Slip

, ,
After creating a range on the hourly time frame, the US Dollar Index was able to finally close bullish above 91.950. With that being said, the Forex majors should begin to head lower. The Dollar has been quite elusive these past few weeks…
Dollar Recovery Likely + USDJPY Swing Long

Dollar Recovery Likely + USDJPY Swing Long

, ,
The Dollar is up for the day to start the Non-Farm Payroll week. Current forecasts suggest positive job numbers, which should lead to further upside for the Dollar. Although the unemployment rate is expected to increase to 6.4%, the US economy…
NZDJPY Almost at TP3 + EURUSD Breakout Pending

NZDJPY Almost at TP3 + EURUSD Breakout Pending

, ,
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…
Directory: Sign up for a Free Membership. Login to watch full recorded webinars in our Forex Trading Room. Chat with our traders in the Community Discord Server. Read yesterday’s breakdown: GBPUSD and NZDJPY Swing Longs Active For Next Week!

GBPUSD Hits Target + EURUSD Range Breakout

, ,
The 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…
DXY to 90.50, AUDJPY Swing Long

DXY to 90.50, AUDJPY Swing Long

, ,
After 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…
USDJPY Shorts + US Oil Swing Long

USDJPY Shorts + US Oil Swing Long

, ,
The 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…
US Dollar Headed Lower + AUDUSD Surges in Profit

US Dollar Headed Lower + AUDUSD Surges in Profit

, ,
The last official trading day of 2020 is in the books. The markets were still fairly active on the last day as the US Dollar Index (DXY) continues its selloff. As predicated by price action and smart money analysis, the DXY is set to continue…
DXY Bullish for Now + AUDUSD Ready to Launch

DXY Bullish for Now + AUDUSD Ready to Launch

, ,
Since yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected. Candlestick analysis indicates a potential rebound from 89.88 as…
DXY to 91.00 and Majors Look to Short

DXY to 91.00 and Majors Look to Short

, ,
The US Dollar Index (DXY) is not done just yet as the index has hopes of going higher. As a result, many of the major currency pairs are projecting potential short-term shorts. After revisiting 90.50 yesterday, the DXY has found itself on…
USDCHF Profits + NZDCHF Trade Next?

USDCHF Profits + NZDCHF Trade Next?

, ,
In today's live trading session, we went over the current status of our USDCHF trade idea. We then gave an update on our pending NZDCHF trade idea. During yesterday's session, much of our focus was on EURNZD and AUDNZD. Our entry criteria…