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+100 Pips from AUDUSD and AUDJPY Shorts are Pending
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders are up +100 pips on their AUDUSD shorts and now they have their eyes set on possible shorts for AUDJPY.
After spending six days in consolidation, traders are finally seeing AUDUSD head to the downside. Price had a brief…
US Oil Back to Yearly High + CADJPY Approaching Key Level
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a slight retracement, Crude (US Oil) is back to this year's high. CADJPY is approaching a key monthly level which could provide a great trade opportunity in either direction.
Earlier this week Oil was able to attain a new high for the…
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…
Predictions for NFP + GBPUSD Swing Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis morning was the release of the ADP job numbers for the US economy. The result was the addition of 117,000 jobs versus the forecast of 203,000. This result led to only a small dip in the Dollar.
Current forecasts for this Friday's NFP…
EURUSD & GBPUSD Intraday Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisFurther US Dollar upside appeared fairly promising yesterday, but selling pressure has pushed the Dollar back below 91.00. As a result, the current daily candle is a shooting star, suggesting further downside for the Dollar.
The US Dollar…
+350 Pip Week + USDJPY Swing Trade
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother eventful and profitable week is in the books for traders. Due to the Dollar's ability to trend this week, many traders were able to rake in serious profits from both the majors and minors.
Last Friday's price action on the daily time…
NZDJPY Almost at TP3 + EURUSD Breakout Pending
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…
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…
GBPUSD in Profits + NZDJPY is Next!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs forecasted, the US Dollar Index has headed lower after clearing this week's low. Traders can expect further weakness for the Dollar throughout this week.
The signs of the Dollar's demise were present last Friday. In addition to the bullish…
Dollar to 91.200 + USDJPY Short?
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index continues to climb as it is up 0.47% for the day. After creating a low to start the week, the price has rallied considerably with 91.200 as the next target.
This morning the US economy released its core retail sales data.…