Posts
GBPUSD Hits Target + EURUSD Range Breakout
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
US Oil Almost at $60 + GBPJPY Long for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe lack of fundamentals this week allowed traders to take full advantage of the charts without worrying too much about unexpected noise. In addition, pairs like GBPJPY are setting up for longs that can be taken next week.
Amidst all the…
USDJPY Intraday Short + US Oil in Deep Profits
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs expected, the US Dollar Index has found itself below 91.000. If the daily can close below this level, traders may see further Dollar weakness.
After last Friday's bullish NFP results, the Dollar has continued its selloff. Price made a…
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…
EURUSD Swing Long Almost Ready + DXY Almost at 91
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the bearish US Dollar Index (DXY) and then gave an update on our EURUSD long trade.
As expected, the DXY has continued its bearish momentum as price action continues to respect the current downtrend.…
Gold Swing Short in Play + DXY Near Consolidation Zone
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over our current Gold trade and the current status of the US Dollar Index (DXY).
For months we waited for Gold to breach 1845 on the daily timeframe, and finally, it occurred yesterday. We wanted to…