Posts
Dollar Faces Bearish Pressure + Crude Oil Swing Trade
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar is down 0.30% to start the first week of October as bearish pressure continues. Conversely, Crude Oil prices are looking to edge higher after breaking this year's high.
The US Dollar Index (DXY) was able to print a bullish hammer…
EURUSD and USDCHF Swing Trades
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter solid job numbers and a stimulus bill finally decided upon, the US Dollar is thriving and is officially reversing to the upside.
As a result of the Dollar reaching new yearly highs, EURUSD is set to visit pre-pandemic levels. Price…
DXY to 91.90? + USDJPY Swing Long Priming
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar has some life to it as the DXY is up +0.50% for the day. The next target may be 91.90 leaving the door open for USDJPY longs.
For the past six weeks, the DXY has been capped by 91.00. Price was able to push up to this level on…
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…
2021 Forex Trade Biases and Trade Setups
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe new year is here and traders are ready to trade once again. The first official trading day of 2021 was eventful and also very informative for what's to come in the next twelve months.
Throughout the new year celebrations, the US Dollar…
USDCHF, EURUSD and NZDUSD Swing Trades for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother trading week has been completed in the Forex Trading Room. For today's session, trade setups for USDCHF, EURUSD, and NZDUSD were covered.
For the entirety of the week, the US Dollar Index (DXY) was ranging. Price was stuck between…
USDJPY Profits + EURJPY Intraday Short
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the current status of our USDJPY trade idea. We then found a possible entry for EURJPY.
During yesterday's session, we discussed the possibility of the DXY selling off to 92.19. The index has…
AUDNZD and EURNZD Shorts are Almost Ready!
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the status of our pending trade setups for EURNZD and AUDNZD.
In yesterday's live session we discussed the possibility of either going long or short for EURNZD, depending on what price action…
3 Strike Rule + DXY Rockets to 94.20
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live session, we discussed the '3 strike rule', and then we discussed our outlook for the US Dollar Index (DXY).
The 3 strike rule does not only apply to baseball, but it applies to trading as well. We believe that once three trades…
EURNZD Intraday Setup + CADJPY Long Signal
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the status of our pending trades, and then we identified trades for EURNZD and CADJPY.
To not much of our surprise, the US Dollar Index (DXY) has yet to move from 93.30. The consolidation has…