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DXY to 91.00 and Majors Look to Short

DXY to 91.00 and Majors Look to Short

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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…
DXY Gap and Holiday Trading Conditions

DXY Gap and Holiday Trading Conditions

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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…
Knowing When to Exit a Trade + Profit Recap

Knowing When to Exit a Trade + Profit Recap

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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…
USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

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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…
DXY Bullish in the Short Term + EURUSD Short?

DXY Bullish in the Short Term + EURUSD Short?

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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…
DXY Stuck in Range + AUDUSD Ready to Enter?

DXY Stuck in Range + AUDUSD Ready to Enter?

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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,…
EURUSD Swing Long Almost Ready + DXY Almost at 91

EURUSD Swing Long Almost Ready + DXY Almost at 91

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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.…
NZDCAD in Profit + EURUSD Long Trade Developing

NZDCAD in Profit + EURUSD Long Trade Developing

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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…
Gold Short Ready to Enter + DXY to 91

Gold Short Ready to Enter + DXY to 91

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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…
USDJPY Profits + EURJPY Intraday Short

USDJPY Profits + EURJPY Intraday Short

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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…