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USDCAD Longs as Dollar Bulls Attempt a Rally at 92.850
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders are entering long for USDCAD as Dollar bulls remerge after a week of battling bearish pressure. This bullish presence is prominent even after today's bearish GDP data.
After a sharp slump lower, USDCAD bulls are starting…
USDCAD Looks to Head Lower and US Oil Targets Yearly High
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar is looking bearish to start the week and as a result, USDCAD is also looking to head lower. Conversely, US Oil is gearing up for a rally to this year's high.
Traders should expect the Dollar to revisit 92.00 at some point this…
US Oil Longs and USDCAD Shorts For Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter last week's theatrics, the US Dollar Index (DXY) is back in a range. Regardless of that, US Oil sets to push to new yearly highs and USDCAD looks to fall lower.
After creating a new yearly high at $74 per barrel, US Oil took a bit of…
Markets Moving Choppy But USDCHF and USDCAD Should Drop
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe markets have for the most part spent much of May in disarray. Despite the erratic behavior of the Dollar, both USDCHF and USDCAD should drop next week.
After the Dollar created a low at the start of the week near 89.700. After which price…
DXY at 90.00 + USDCAD and USDJPY Shorts Pending
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) has officially reached 90.00 which was the low made to start the new year. With further bearishness expected, traders can expect both USDCAD and USDJPY to push lower.
Since May of this year, the Dollar has begun…
GBPUSD and Gold Longs for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar's demise had provided a great trading week in both the Forex and Crypto markets. With further downside expected for the Dollar, one can expect this week's trends to continue next week.
The US Dollar Index (DXY) is almost at 91.400…
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…
+200 Pips From Major Trades, More on the Way
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the US Dollar Index (DXY) makes its way down to 90.00, traders are securing profits from trades against the Dollar.
Price action analysis indicates that the DXY will have a small rebound from 90.40 before the price continues its path down…
GBPUSD, EURUSD and USDCAD in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs predicted, the DXY was set to fall after closing bearish below 91.00. As a result, many trades such as GBPUSD, EURUSD, and USDCAD are surging into profit.
Price action analysis yesterday predicted that the Dollar should continue to weaken…
Weekly Trade Recap + USDCHF Range Setup
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother eventful trading week of 2021 is in the books. With numerous high-impact news releases, there was an abundance of viable trade setups for traders to take.
A pair that was particularly popular among price action and smart money traders,…