Posts
USD Fights Back on Positive PMI Data + AUDJPY Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the US manufacturing data that was released this morning. We then discussed a possible long setup for AUDJPY.
This morning the Institute for Supply Management published its PMI result which is…
NFP Predictions and Forex Trade Setups! (US Dollar Melts?)
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over our predictions for this week's Non-Farm Payroll release. More importantly, we focused on the fate of the US Dollar and consequently the major currency pairs.
As discussed last Friday, we have…
Quick Intraday Profits + Gold Long Setup
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the status of the signals that were called yesterday. We then went over a possible buy scenario for Gold (XAUUSD).
During yesterday's session, we noted the short-term presence of buyers surging…
EURCAD and GBPCAD in Profit + US Dollar Bulls are Back?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the US CPI data release, and then we went over the current status of our trades.
This morning the US released it's Consumer Price Index (CPI) with a result of 0.6% versus a forecast of 0.3%. The…
Bullish NFP as Expected + Next Week Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the Non-Farm Payroll employment data and then determined trade setups to take next week.
As predicted, the NFP results came out far greater than expected. The US economy was able to drop the unemployment…
Gold and Silver Look to Push Higher!
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the US Dollar Index (DXY) and several other pairs to determine which trades would be taken this week.
The DXY is continuing its downtrend as Coronavirus cases continue to grow rapidly in the United…
Beware of Smokescreens + AUDJPY Short Setup
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live session, we focused on the fundamentals behind the recent rallies for the Euro and whether if these rallies are here to stay or if they are all smokescreens.
At the start of the week, many of the European pairs seemed to be…
Gold Almost at 1800 + CADJPY Short Ready?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we spoke about Gold's journey to 1800 as well as trade setups for CADJPY and NZDCAD.
Back in December 2019, RP Forex made a bold prediction that Gold would reach at least $1800 by the end of 2020. Fast forward…
Weekly Profit Recap + Next Week Market Insight
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the trades we took this week and then completed analysis to determine setups for next week.
Similar to last week, this week we had identified numerous potential setups to enter. Despite more volume…
Live Forex Trading - Euro PMI Bolsters Euro Strength, But For How Long?
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we discussed the Euro PMI manufacturing data release and the implications it can have on our pending trade setups.
During the London session, the European Union printed a bullish result across the board for…