Forex Trading Blog

After yesterday's FOMC presser, market participants are looking to short the Dollar. As a result, US Oil is pushing higher into profit and USDCAD shorts are expected. Powell stated that although the economy is on track to meet its inflation…

The Forex majors have spent much of the day awaiting the FOMC meeting minutes for more insight on the Dollar's trajectory. Meanwhile, shorts for NZDUSD are starting to play out as price revisits support at 0.69200. Today's FOMC conference…

Dollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD. After clearing last week's low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750.…

A new week presents new challenges for the Dollar as bears take control. Crypto bulls aren't backing down as bulls respond to weeks of bearish pressure. After failing to make a new higher high last week, the Dollar has found itself within…

After bears took the Dollar past below 92.750, bulls in the market are trying to respond. Meanwhile, US Oil (Crude) prices look to rebound higher back to the yearly high. The Dollar suffered immense bearish pressure during the London session…

The Dollar is facing heavy pressure from bears after creating a new high for the week. Meanwhile, Bitcoin has made an impulse move higher that may provide traders with shorts back down to 30,000. After creating a new high near 93.200, the…

As the Dollar continues its bullish rally, AUDUSD continues to slip further into profit. Additionally, NZDUSD is also gearing up for it's own move lower. The US Dollar Index (DXY) has continued its uptrend as the price has made a new high…

Price 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…

Today's US core retail sales data gave the Dollar a much-needed boost and many majors such as AUDUSD are heading lower as a result. This morning's core retail sales came out at 1.3% versus the forecast of 0.4%. The sales data came out at…

Price action traders are enjoying swift profits from their Bitcoin trade as their AUDUSD trade was from last week goes into profit. Yesterday, Bitcoin printed a bullish hammer off support near $31,500. This candle is known to hint at further…

After a bullish rally to 92.750, Dollar bulls just didn't have enough to clear this level. Instead, the Dollar is being pushed back down to 92.000 which opens up possible USDCHF shorts. Yesterday's daily closure for the US Dollar Index (DXY)…

The US Dollar Index (DXY) is seeing bulls come in at the right time as bears almost brought the price to 92.000. With this resurgence, USDJPY is looking to edge higher. Yesterday's price action made it seem likely that the DXY would revisit…

The 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…

Dollar bulls are facing a tough task to fend off bears as they push the US Dollar Index (DXY) lower. Meanwhile, traders are setting up to take swing shorts for AUDUSD. After creating a new high for the quarter, the Dollar saw immense pressure…

Crude oil (US Oil) prices are down 2.50% for the day as bears look to visit $70 per barrel. Conversely, USDCAD is looking to push higher as Dollar bulls pick up momentum. After attaining $77 per barrel, bears were able to take price in a…

Price action traders are enjoying their longs for NZDUSD as the price has hit all respective targets. More moves are on the way in the market as the Dollar is ready to push to 93.430. Last Friday, price action traders witnessed a bullish…

Traders could look to go long for the Forex majors this week as the Dollar fails to push higher to 93.00. This may be attributed to last week's bearish Non-Farm Payroll (NFP) release. Last week's NFP release had a bearish reaction on the…

Traders can look for USDJPY to push a considerable amount higher as the US Dollar Index (DXY) get's ready to take out this year's high. After spending a few days in a range, the US Dollar is ready for its next leg up. Today the DXY was able…

After a few days of laboring, CADCHF is starting to pick up momentum. The precious metal Gold is also picking up steam to the downside as the price meets 1750. Last week, price action traders went short for CADCHF after a shooting star was…

The Dollar has spent the last few days struggling to move, but it is ready to make its next move higher. Gold bears are also looking to pile on and take the precious metal lower. After dropping to create a new quarterly low, the US Dollar…

After 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…

After an exhilarating few days of price action, the US Dollar Index (DXY) is back to consolidating. In the meantime, Gold (XAUUSD) is priming for another move lower to last week's low of 1763. Last week ended with a bang as the Dollar came…

Price action traders are enjoying profits made from shorting USDCAD and bulls are starting to show some fight in the crypto market. After determining a bearish bias for the Dollar yesterday, price action traders entered short for USDCAD.…

After last week's rally by the bulls, bears are having one of their own for the Dollar. With that in mind, traders could see USDCAD head lower on an intraday level. Yesterday bears were able to take the US Dollar Index (DXY) back to last…

After a dominant showing last week, the US Dollar Index (DXY) opens up the week with serious pressure applied by the bears. On the other hand, crypto markets continue to see major shorts as cryptos go on to make new lows. After a slow start…

Today marks the third straight bullish day for the US Dollar Index (DXY) suggesting the price is officially reversing higher. As a result, both Gold and AUDUSD shorts should be explored next week. After spending almost the past two months…

Price action traders are enjoying Gold shorts as the price has taken a deep dive this week after Dollar bulls have pushed the US Dollar Index (DXY) to new quarterly highs. Price action analysis completed yesterday on Gold provided a possible…

The US Dollar Index (DXY) is once again stuck in its consolidated ways and that has been the sentiment for almost two months now. Despite this, traders may have a short setup for USDCAD. For the third straight day this week, the Dollar is…

The Dollar is still stuck in its consolidating ways and traders are now flocking to the minors to get suitable trade options. Oil continues its tear as traders are up +225 pips in profit. The US Dollar Index (DXY) is consolidating below 90.550…

Another trading week, another week that US Oil sets to push higher. Price action traders are looking to short USDCAD as this pair tends to be negatively correlated with Oil. US Oil was able to create a new yearly highly just short of 71.80…

Price action traders are enjoying profits from US Oil as the price continues to make new highs for the year. The US Dollar Index (DXY) is back at this week's high as it attempts a bullish reversal. This week's weekly candle will close as…

After 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…

Price action traders who entered long for Crude (US Oil) have reached their first target of +50 pips. In the meantime, AUDUSD is looking to provide an intraday short based on the hourly range. Yesterday, Oil was able to set a new high for…

As the Dollar struggles once again with a sense of direction, Crude (US Oil) has gone on to make a new high for the year and is striving to push higher. After it had seemed likely that the US Dollar Index (DXY) would revisit 89.700, bulls…

The Dollar is continuing its push lower which it started after last Friday's Non-Farm Payroll release. With that move in mind, traders could see Oil surge into further profits and Gold longs develop. Price action traders were able to enter…

Despite bullish ADP and Non-Farm Payroll numbers, the Dollar has it's being pressured by bears once again to close the week. Oil longs are in profit and Gold is looking to give traders entry next week. For much of the week, price action traders…

The US Dollar Index (DXY) is up 0.65% for the day as the ADP job numbers came out better than expected. Despite this, Crude (Oil) is gearing up for an entry long. This morning ADP job numbers came out at 978,000 versus the forecast of 645,000.…

The US Dollar Index (DXY) has once again rejected 90.00 after a brief visit. With that in mind, Gold and Crude (Oil) are both looking to push higher against the weaker Dollar. The past 4-6 weeks have been a struggle for the Dollar as the…

The US Dollar Index has once gained pushed back in an attempt to reach 90.00. Meanwhile, Crude (Oil) is set to push to new highs as economies reopen up globally. After reaching 89.700, the Dollar has reacted bullishly with a hammer as the…

After a quick surge to start last Friday, the US Dollar Index is back below 90.00 and hopefully looking to push lower. As a result, Gold (XAUUSD) is setting up its next leg higher. The month of May was not too kind to traders as the Dollar…

The Dollar ends the week off in indecision as price prints a doji candle. It seems to be a real possibility for traders to long both Gold and Crude (Oil) next week as both commodities approach this year's high. For the past four weeks, the…

As the Dollar continues to stagnate, the minor currency pairs prove to be worth looking at as AUDNZD pushes lower and NZDJPY pushes higher. Yesterday price action traders were eyeing potential shorts for AUDNZD as this month's candle is closing…

With the Dollar resisting a push lower, the Forex majors are stuck in a rut. The Forex minors are still thriving as traders look to short AUDNZD and long NZDJPY. Despite making a new low for the month of May, the US Dollar is back fighting…

The Dollar starts this week off by closing bearish below 90.00 for the fourth time this month. This move has poised EURUSD to push higher and USDCHF to head lower. With continued pressure from the bears, the US Dollar Index has once again…

The 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…

The US Dollar Index (DXY) was only able to stay bullish for a day before caving under the pressure from bulls. As a result, shorts for USDCHF have entered into profit. After yesterday's brief resurgence, the Dollar is once again on the path…

Against all odds, the US Dollar Index has managed to peek its head above 90.00. The crypto market is officially in a bear market as coins across the board reach new yearly lows. After a convincing break on Monday, the Dollar has managed to…

As we get into the midst of the trading week, the Dollar has chosen its path and so have many of the majors. A weaker Dollar should lead other currencies such as the Swiss Franc and Canadian Loonie to edge higher. The US Dollar Index has…

The Dollar is looking to revisit the key 90.00 psychological level as bears take control once again. In comparison, the crypto market is also shifting into a bear phase as Bitcoin drops below 45,000 for the first time in months. After last…

After spending most of the week (except for Wednesday) stuck in a slumber, the US Dollar has woken up on the last trading day of the week. Meanwhile, the crypto markets are showing signs of bullishness after a slow start to May. The daily…

After yesterday's positive CPI news, the US Dollar Index (DXY) has found itself stuck below 90.850. Additionally, the crypto markets are also in a slumber as Bitcoin finds itself below 50,000. The Dollar had a great trading day yesterday…

As the trading week progresses, the US Dollar Index (DXY) is finding itself some support at 90.00. Pending trade setups for AUDUSD and Gold will only become active once the Dollar pushes below this level and respects the long-term downtrend. Although…

The 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…

Today's Non-Farm Payroll (NFP) job numbers were certainly worse than anticipated and the US Dollar Index (DXY) has shown that on the charts. With technical and fundamental pressure from bears, we expect a weaker Dollar in the coming weeks and…

The US Dollar Index (DXY) is set to resume its push lower as price spent much of the week in consolidation. As a result, the Forex majors and as well as commodities like Gold should push higher. After creating a mini range between 91.150…

Another day in the markets and another day the US Dollar Index is stuck in a range. While the Dollar decides on a direction, US Oil (Crude) is set to make a run at the high of the year. There are days and even weeks at a time where the Dollar…

The Dollar is stuck in a range between 90.850 and 91.400 and the price has attempted several times to push higher but has not been successful. Meanwhile, many of the popular cryptos are extending to new all-time highs. After retesting 91.400…

After starting the week off on a bearish note, the US Dollar Index is up 0.72% for the day with more upside on the way. This should provide short opportunities for the Forex majors next week. Typically huge movements in the Dollar are seen…

After retesting and rejecting the previous low of 90.700, the US Dollar Index (DXY) is set to head lower. As a result, the majors, as well as commodities like Gold and Ethereum, should gain on the Dollar. Although the US Dollar is headed…

Today's FOMC press conference was fairly similar to the previous one where Fed Jerome Powell reiterated the dire situation due to the pandemic. With this briefing, the Dollar has pushed past below this week's low. Powell did say the economy…

The Dollar had one more retracement left in its tank as the price was able to stay above 90.850. Further downside is expected, however, and both Bitcoin and Ethereum look to resume their uptrends. After yesterday's rejection of 90.850, it…

After an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement. The US Dollar…

After a few days of bouncing between 90.850 and 91.400, the US Dollar Index is set to head lower next week. As a result, traders should focus on longs for the major currency pairs. To start the week, the Dollar made a deliberate push below…

Today's ECB press conference left nothing to the imagination as Christine Lagarde (ECB head) said the economy is still "on crutches". As a result, the Dollar has rebounded back to 91.400. Although, the ECB has kept interest rates at 0.00%,…

As the Dollar heads lower, Gold longs continue to surge into profit. With that in mind, traders can also look to long EURUSD as it hints at another rally. Price action analysis completed on Gold yesterday suggested that the price was ready…

The US Dollar Index (DXY) is expected to revisit 91.400 after the price had easily broken this level earlier in the week. While that move pans out, Gold (XAUUSD) is setting up for a potential long. This week marks the third straight week…

Over the weekend, the US Dollar Index (DXY) was able to close bearish below 91.400. With this move, we should expect further Dollar weakness and for USDJPY to push lower. As a result of the weaker Dollar, GBPUSD buys from last week have extended…

The 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…

Today marks the fourth consecutive day this week where cryptos such as Ethereum continue to push against the US Dollar. With the Dollar set to go lower, majors such as AUDUSD are also pushing into profit. Earlier this week, price action analysis…

The US Dollar Index (DXY) continues to get bullied by bears as price approaches 91.400. In the meantime, Ethereum creates new highs while returning profits for price action traders. Yesterday's daily closure for the DXY was a significant…

Earlier this week Coinbase, one of the largest cryptocurrency platforms, went public on the Nasdaq. The company will be directly listed as $COIN and has an estimated valuation of $100 billion on the first trading day. This can only be perceived…

As expected, the Dollar is set to continue the downtrend that was started at the end of March. While Forex pairs wait to start moving, Ethereum is ready to reach new highs. Price action analysis completed yesterday indicated that the US Dollar…

The Dollar is most likely to continue its bearish trend this week as the price rests on the key 92.00 psychological level. With that in mind, traders can expect the Euro and Pound to rebound higher for the time being. After a bullish March,…

After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year…

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After a bullish start to the week, the US Dollar Index (DXY) has found itself down -0.38% for the day. The daily closed as a shooting star, which may hint at further upside moves for the majors. The high of the week for the DXY was just short…

As the US Dollar Index (DXY) continues its bullish ways, the Dollar is beginning to extend its gains against the Japanese Yen. In addition to shorting pairs like EURUSD, traders should also look to take longs for USDJPY and USDCAD. USDJPY…

As price action analysis predicted, both EURUSD and USDCHF trade setups are playing out as expected and in profit. With the Dollar uptrend remaining strong, more profits should be expected. EURUSD has found itself down -0.37% today as the…

Another trading week, and another day that the Dollar has pushed higher. With that in mind, majors such as EURUSD and USDCHF should continue their current trends. Last week the US Dollar Index (DXY) was able to close above one of the highs…

The US Dollar Index (DXY) ended the week by dropping lower to create a new higher low. Further upside should be seen next week. In addition, Crude Oil is ready to move higher. It was a productive week for the Dollar as the price was able…

As the US Dollar Index (DXY) continues to climb, many of the majors such as EURUSD and NZDUSD continue to fall. Both pairs are providing great setups to the downside. The Dollar seems to be creating a new high every day of this week. This…

As predicted by price action analysis, NZDCAD is on its way lower. Both price action and smart money analysis also predicted a bullish Dollar which is what we are seeing today. Price action traders are up around +80 pips for NZDCAD since…

After creating a range on the hourly time frame, the US Dollar Index was able to finally close bullish above 91.950. With that being said, the Forex majors should begin to head lower. The Dollar has been quite elusive these past few weeks…

After giving bulls some hope to end last week, the Dollar is back on its way lower. As the DXY figures its self out, traders may look at trading the minors for the time being. Despite hanging around 91.950 and numerous attempts to close bullish…

After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell's harsh comments about the US economy,…

Opposed to Powell's last speech, his speech today was without a doubt dovish in tone. This had caused the Dollar to go from consolidating to being down -0.50% for the day. Although the interest rate will stay at <0.25% as it has been for…

This morning's US retail sales data came out much worse than expected, and traders could see further weakness in the Dollar as a result. Despite attempting another push higher, the Dollar is stuck in limbo. The core retail sales data came…

After ending last week with three consecutive selling days, the Dollar has opened up this week with a bullish response. It's tough to say if this is here to stay, or if more downside is on the way. After opening bullish last week, the Dollar…

As the Dollar tries a last-minute surge to the upside, many of the cryptos and commodities are extending their gains. Bitcoin to 60,000 looks fairly likely and Crude Oil longs are almost ready to go. Earlier during the New York session, the…

After failing to bounce from 91.90, the US Dollar Index is set to fall lower. While the majors gain on the Dollar, US Oil is starting to set up for a perfect buy to $77 per barrel. The Dollar is finding it rather hard to stay afloat despite…

The Dollar is in a tough spot as sellers continue to force the index lower. A possible area where the DXY can rebound is 91.900. If it fails to do this, we can see many majors start to rise once again. After the passing of the 1.9 trillion…

After a surge to open up the trading week, the US Dollar Index has retraced considerably. Currently, price is resting at 90.900 with price action suggesting another push to the upside. As far as technical analysis is concerned, the US Dollar…

After 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…

As expected, today's Non-Farm Payroll release was positive and as a result, the Dollar is continuing its uptrend. With the Dollar continuing its push higher, USDCHF is also following its tracks. USDCHF has been on a downtrend since May 2019,…

Fed is prepared to use the tools that it has to foster achievement of its goals. - Jerome Powell Expected to keep policy interest rates near zero until inflation rises to 2%,  and economy reaches maximum employment. Lets see what happens…

After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…

This 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…

Further 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…

The Dollar is up for the day to start the Non-Farm Payroll week. Current forecasts suggest positive job numbers, which should lead to further upside for the Dollar. Although the unemployment rate is expected to increase to 6.4%, the US economy…

Another 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…

As suspected, the US Dollar Index was only creating a lower high, before heading lower. The index went as low as 89.700, before turning around during the London session. As a result of the Dollar selling off yesterday, intraday longs for…

After 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…

The 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…

As 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…

As expected, the US Dollar Index took a tumble and went as low as 90.170 for the day. Price action analysis forecasts further Dollar weakness for next week. As a result of the weakening Dollar, the Pound has started to resume its previous…

After briefly pushing above 91.00, the Dollar has found itself on the way back down to 90.50. As a result, many of the majors should resume their gains against the Dollar. Price action traders entered a swing long position for US Oil on February…

The 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.…

After the long weekend, the Dollar has come out with a punch of its own as price attempts to clear last week's high. It's too early to decide if bullishness is here to stay for the Dollar, so traders are shifting their focus to AUDJPY and US…

The 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…

After being shorted for much of the week, the US Dollar Index (DXY) is expected to retrace back to 90.50 before possibly continuing its path lower. Price action analysis of the Dollar is suggesting that the current downtrend may be put on…

As 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…

As 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…

As 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…

Today's Non-Farm Payroll release did not disappoint as the US Economy was able to add 49,000 jobs and drop unemployment to 6.3%. Despite the positive result, the Dollar finds itself down -0.57% for the day. Traders should not put too much…

The day before the Non-Farm Payroll (NFP) release, the Dollar is confidently bullish. Price has pushed and closed above 91.200 and is on its way to 91.750.  In most cases, it's not recommended to take trades for the majors right before the…

After breaching 91.00, the DXY had a hard time going any higher than 91.20. With this brief moment of weakness, trade setups for GBPUSD and US Oil were able to move into profit. Price action analysis for GBPUSD showed a potential rally back…

The Dollar is trying to muscle its way through previous highs but is having a hard time at 91.200. This was the previous high made before 2020 ended. As it struggles, certain pairs and commodities are gearing up for moves to the upside. There…

The 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…

This was a peaceful week to trade and was a fantastic way to end the first month of 2021. Other than the FOMC rate decision, this week was clear of fundamental news. These stable conditions will be short-lived as we have the Non-Farm Payroll…

The US Dollar Index (DXY) made one last honest attempt at attaining 91.00, but once again, price came up short. This failure was then followed by a sharp selloff back down to 90.40. As a result of the Dollar's indecisiveness, certain pairs…

Since yesterday, the US Dollar Index has gone from giving signs of weakness to surging strongly to the upside. Despite the DXY failing to meet 91.00, the brief bullishness allowed traders to cash in on shorts for the majors. One major that…

The trend is usually your friend, especially on the higher timeframes. Despite the recent rallies, the US Dollar Index is conforming to the long-term downtrend and is headed lower. With the Dollar down -0.26% for the day, many majors are…

The last week of January is upon us, and this week in contrast to previous weeks is rather calm in terms of fundamental news. This week may help traders end the first month of 2021 on a good note. Aside from the FOMC rate decision on Wednesday,…

Another 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,…

Today's Philly Fed manufacturing data came out exceptionally well, as the data printed a result of 26.5 versus the forecast of 11.2. Despite this result, the Dollar has found itself down 0.42%. As expected, the long-term downtrend for the…

Joe Biden has officially been inaugurated as the new acting president of the United States. Surprisingly, the markets had a dull response to his ceremony and speech. Short-term technicals point to a bullish Dollar, while the long-term downtrend…

The calm before the storm, that is the storm of fundamental events that will be taking place tomorrow. The DXY could go either way, and traders have options in terms of trade setups. Currently, the DXY is resting at this week's low of 90.40.…

Last Friday's fundamental news has put a damper on the Dollar's recent attempts to attain 91.00. With a week full of fundamental news, this could be the week that the Dollar finally pushes through or reverts back to the downside. Today is…

Despite several bearish fundamental factors, the US Dollar Index (DXY) has pushed past this week's high and is en route to 91.00. Traders are left wondering if this is manipulation or a reversal occurring before their eyes. The first bearish…

As expected, this morning's fundamental releases have the US Dollar in a blunder. More unemployment claims were filed last month than expected which caused the Dollar to quickly shift from being bullish for the day to bearish. As a result,…

The US Dollar spent much of yesterday selling off and as a result trades for USDJPY and USDCHF raked in decent profits for traders. As of right now, the Dollar is at crossroads in deciding which direction it wants to go. Price action analysis…

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The 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…

Over the weekend, the US Dollar Index (DXY) continued its rally as price made a push to 91.00. This key level may be used as a resistance, so traders are advised to focus on the minors until more information is available. One minor that may…

Today's Non-Farm Payroll release results were mixed, but the US Dollar Index (DXY) was set on moving higher. As the majors adapt to the DXY, NZDCAD has found itself in a unique situation. The unemployment rate for the US economy came in at…

This morning the US Dollar Index (DXY) has created a new high for the year near 90.00. Some of this can be attributed to the chaos that occurred at the Capitol. Also, Donald Trump has conceded the 2020 election this morning which may also have…

This morning's ADP job numbers came out worse than expected at 123,000 jobs lost in comparison to the addition of 60,000 jobs. But, that did not stop the US Dollar from making a brief rally to the upside. After the initial rally, the DXY…

The US Dollar Index (DXY) is wasting no time in 2021, as the price made its way down to the 2018 low. This price action opens up the possibility of USDJPY shorts and AUDUSD longs. Price action predicts that the DXY will revisit 89.500, before…

The 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…

The last official trading day of 2020 is in the books. The markets were still fairly active on the last day as the US Dollar Index (DXY) continues its selloff. As predicated by price action and smart money analysis, the DXY is set to continue…

Since yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected. Candlestick analysis indicates a potential rebound from 89.88 as…

As we approach the middle of the holidays, the US Dollar Index (DXY) is still respecting the long-term downtrend. This morning traders are finding many of the majors selling off, but that may not last for too long. Price action and smart…

It's the day before Christmas Eve and the markets are certainly aware of that. Traders should expect major bouts of consolidation from now until January 4th as the holidays stroll around. For the US Dollar Index (DXY), price is expected to…

The US Dollar Index (DXY) is not done just yet as the index has hopes of going higher. As a result, many of the major currency pairs are projecting potential short-term shorts. After revisiting 90.50 yesterday, the DXY has found itself on…

Over the weekend the US Dollar Index (DXY) gapped from 89.90 to 90.45 and then went on a rally back to the 91.00 psychological level. This sudden move was not a shock to most veteran traders as this type of volatility can be expected during…

The last full trading week of 2020 is finally in the books. Many traders were able to secure a good deal amount of profit all thanks to the rapid depreciation in the Dollar. Trade setups for EURUSD and AUDUSD seemed to be the most popular among…

The US Dollar Index (DXY) is wasting no time to reach 2018's low as sellers continue to pressure the Dollar to go lower. Today many of the majors have extended their gains against the Dollar, with some being up +0.62% up for the day. EURUSD…

The midweek of the trading week is here and the markets are jumping with volatility. This morning Congress passed a $900 billion stimulus package for the United States. This news led to a rapid depreciation in the US Dollar and several setups…

This morning the US Dollar Index (DXY) has dropped to this week's low of 90.50. The DXY is set to head down lower to the low created last week at 90.42. As a result, pairs such as EURUSD and AUDUSD are ready to breakout. Price action analysis…

The first trading day of the week is in the books. This Monday morning the US Dollar Index (DXY) has been stuck in a range, and pairs such as EURUSD and NZDUSD are developing setups. Traders are finding DXY ranging between 90.50 and 91.25.…

Another 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…

In today's live trading session, we went over trade ideas for AUDUSD and CADJPY. As the US Dollar Index (DXY) continues to range between 90.75 and 91.00, many of the majors have also begun to range. One major has separated itself from the…

In today's live trading session, we went over the US Dollar Index (DXY) and why we may look at shorting EURUSD. During yesterday's session, we believed that the DXY will eventually get down to last week's low of 90.52. However, the Dollar…

In today's live trading session, we went over the ranging US Dollar Index (DXY), and a trade setup for AUDUSD. As of this morning, the DXY has spent the majority of its time stuck in a range between 91.000 and 90.75. During yesterday's session,…

In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and NZDUSD. Last Friday, we discussed the double bottom that was created by the US Dollar Index (DXY). We predicted a small rally to 91.000, at which point price…

In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and GBPUSD that we have for next week. EURUSD has already been entered and has achieved our first target. We went as high as +59 pips, since then the price has…

In today's live trading session, we went over the status of our EURUSD swing trade, and then we discussed our pending AUDUSD trade idea. During yesterday's live session, we describe why we believe EURUSD will rally to new highs for the year.…

In 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.…

In today's live trading session, we went over our NZDCAD trade idea, and then we discovered a possible long for EURUSD. Our NZDCAD swing long has hit its first take profit. We will secure 30% of profits here, and leave the remaining position…

In today's live trading session, we went over our pending Gold trade and where the US Dollar Index (DXY) is headed. Last week, Gold made its move down to 1790. Gold is under pressure with several successful vaccine trials. This morning Moderna…

In today's live trading session, we went over the trades we took this week and the AUDNZD swing trade we have planned for next week. This week we focused on EURUSD, AUDUSD, NZDCAD, EURNZD, and CADJPY. We were able to enter EURNZD, NZDCAD,…

In today's live trading session, we went over the current status of our EURNZD trade. We then discussed a possible short for CADJPY. During yesterday's live session, we broke down our swing trade for EURNZD. This idea is based on the weekly…

In today's live trading session, we entered our EURNZD trade idea, and how NZDCAD is almost ready to go as well. For a few weeks, we have been eyeing a potential short for EURNZD. After waiting and being patient, we have finally gotten entry…

In 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…

In today's live trading session, we went over our swing trade for Gold and how the DXY has reacted to the vaccines for Covid-19. This morning the US Dollar Index (DXY) surged right at the open of the New York session. The index made its way…

In today's live trading session, we went over how our trading week went, and then we found a trade idea for EURNZD. This week was fairly slow for us but we were still able to make some profit. Our first trade was a short for USDJPY. This…

In today's live trading session, we went over the current status of our USDJPY and AUDJPY trade ideas. We then gave an update on our NZDUSD swing trade. After hitting our first take profit, USDJPY came back and stopped our remaining position…

In 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…

In today's live trading session, we went over possible trade ideas for EURJPY and NZDJPY. This morning we noticed the US Dollar Index (DXY) continuing its path to 92.50. Despite this, many of the major currency pairs are staying put. We were…

In today's live trading session, we went over possible trade ideas for AUDUSD and NZDJPY. This morning the US Dollar Index continued its selloff to 92.50. This move may be attributed to Moderna announcing their vaccine being 94.5% effective…

In today's live trading session, we went over the trades we took this week, and then we found trade ideas for next week. Due to the US Election carrying over to this week, we had a very slow start to the week. Many of our pending setups for…

In today's live trading session, we went over the current status of our USDCHF trade idea. We then gave an update on our pending NZDCHF trade idea. During yesterday's session, much of our focus was on EURNZD and AUDNZD. Our entry criteria…

In 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…

In today's live trading session, we went over the incoming consolidation for the US Dollar. We then found two trade ideas for NZDCHF and EURNZD. We expect the US Dollar to consolidate from today until Thursday afternoon. For one, we have…

In today's live trading session, we went over the current status of the US Dollar Index (DXY) and the Forex majors. Last week the media announced that Joe Biden had won the 2020 US Election. This announcement resulted in the selling of the…

In today's live trading session, we continued our discussion about the US Election and the Forex market. It has now been three days since the US Election has started, and we have yet to determine a president. At the current moment, it seems…

In today's live trading session, we provided updates about the ongoing election and its effects on the Forex markets. Even two days after election day, the United States has yet to crown a new president. As it stands right now, Joe Biden…

In today's live trading session, we went over the ongoing presidential election and the reactions that have occurred in the Forex market. Unfortunately, a winner of the US election has not been crowned yet. It is still a tight race between…

In today's live trading session, we went over how the Forex market may react during today's US Election. Voters that haven't voted yet are out and are getting their ballots in. The first round of results won't be known until around 7:00 PM…

If Thought Attracts that Upon Which it is Directed, then we have to focus on those things that matter to us the most. Keep your frequency high and hone in on positive methods of constructing your reality but don't forget duality, balancing the…

In today's live trading session, we gave our insight into how tomorrow's US Election will affect the Forex market. Although national polls show Joe Biden as the favorite to win the election, many speculators are giving Donald Trump a punchers…

In today's live trading session, we went over the various scenarios pertaining to the US Election and the US Dollar Index (DXY). The US Election is four days away and the world as well as the financial markets are anxious to see who wins.…

In 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…

In today's live trading session, we went over the current status of the US Dollar, and then we discussed a possible swing trade for CADJPY. We started the week with a bullish bias for the US Dollar. The Dollar had its struggles with resistance…

In today's live trading session, we went over our USDCAD trade from yesterday, and then we went over the lack of movement in the Pound pairs. During yesterday's live session, we discussed the two possible scenarios for the US Dollar Index.…

In today's live trading session, we determined our bias for the US Dollar Index (DXY), and then we discussed trade ideas for GBPUSD and GBPAUD. The DXY is still within the descending channel that it had formed back in September. Currently,…

In today's live trading session, we briefly went over the US Dollar Index, and then we found swing trades for AUDJPY and USDCHF. This morning we noticed that the US Dollar Index was desperately trying to rally off support at 92.55. On the…

In today's live trading session, we went over a possible long setup for Silver, and then we discussed the importance of trader psychology. This morning the US Dollar Index (DXY) continued its selloff by reaching the 93.00 psychological level.…

In today's live session, we went over the status of our EURAUD trade, and then we found a trade idea for GBPAUD. During yesterday's live session, we discussed a potential long setup for EURAUD. This was based on the 4hr candle at the time…

In today's live trading session, we determined our bias for the US Dollar Index (DXY) and then we found a trade idea for EURAUD. This morning the US Dollar Index showed a great deal of movement as price dropped 0.42% to the downside. This…

In today's live trading session, we went over the trades we took this week, and then we completed analysis to find trades to take next week. This week we took two trades, one was a short for AUDJPY and the other was a short for EURAUD. Our…

In today's live trading session, we went over our profits made from our AUDJPY trade, and then we discussed a possible trade idea for EURAUD. During yesterday's live session, we broke down why we thought AUDJPY was set to head lower. It was…

As the great Alan Watts once said: This is the real secret of life - to be completely engaged with what you are doing in the here and now. And instead of calling it work, realize it is play.

In today's live trading session, we went over the fakeouts in the major currency pairs, and then we discussed a possible sell setup for AUDJPY. During yesterday's live session, we covered the important topic of identifying fakeouts. We used…

In today's live trading session, we went over possible trade setups for NZDCAD and AUDJPY. We then discussed the fakeouts that are occurring in the major currency pairs. This morning the DXY surged 0.50% to the upside without any clear indication…

In today's live trading session, we went over the trades we took this week, and then we went over trade ideas for EURUSD, GBPUSD, and CADJPY that we could take next week. Much of this week was spent on deciding where the DXY was headed, to…

In today's live trading session, we went over the status of our current and pending trade setups. We then went over trade setups for NZDCAD and CADJPY. In yesterday's session, we covered the lack of movement in the DXY, and that we were shifting…

In 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…

In today's live trading session, we went over the current status of our pending trade setups, and then we discussed a possible head and shoulders for NZDCAD. The US Dollar Index (DXY) has yet to move from support at 93.40. The Dollar is stuck…

In today's live trading session, we determined our bias for the US Dollar Index (DXY), and then we found trade setups for EURUSD and GBPUSD. This morning we saw the DXY slip 0.38% to the downside and then hit the key level of 93.40. At this…

In today's live trading session, we went over how our trading week went and then we prepared for next week. This week taught our members a very important lesson. The lesson is that you need to be a sniper in the markets, not a machine gun.…

In today's live trading session, we went over the consolidation in the markets and how to trade it. We then went over our brief prediction for tomorrow's NFP release. This morning we went over several examples of consolidation and indecision…

In today's live trading session, we went over this morning's ADP employment numbers and the current situation with the US Dollar Index. This morning the US economy released its ADP employment numbers. These numbers represent all the jobs…

In today's live trading session, we went over our predictions for the NFP release and consequently, trade setups for the week. A new month is approaching and that means another NFP week. The current forecasts speculate the unemployment rate…

In today's live trading session, we went over the trades we took this week, and then we completed technical analysis to prepare for next week. We had another great trading week as we were able to enter three solid trade setups that were all…

In today's live trading session, we went over the profits made by our EURUSD trade. We then identified a possible entry for our USDCHF trade. During yesterday's session, we finally received price action confirmation to enter short for EURUSD.…

In today's live trading session, we went over the profits made by our GBPUSD trade. We then talked about trade setups for USDCHF and EURUSD. Shortly after yesterday's market close, we were able to get entry into our GBPUSD short setup. This…

In today's live trading session, we went over the status of our pending trades. We then went over our predictions for tomorrow's Euro PMI release. In yesterday's live session, we discussed possible trade setups for EURUSD and GBPUSD. We wanted…

In today's live trading session, we went over the US Dollar Index and as a result, have found trade setups for EURUSD and GBPUSD. This morning the US Dollar Index surged to the upside, with the index being up 0.76% for the day. Based on technical…

In today's live trading session, we went over how our trading week went and we then completed analysis to prepare for next week. This week was fairly quiet in the Forex Trading Room as the markets weren't providing us entries into our pending…

In today's live trading session, we went over the FOMC rate decision and what that may entail for the US Dollar. We then found trade setups for EURUSD and USDJPY. Yesterday the FOMC decided to keep interest rates unchanged. We predicted this…