Posts

US Oil +150 Pips in Profit, USDCAD Shorts Next!

, ,
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…
Majors Await FOMC Presser + NZDUSD Shorts Commence

Majors Await FOMC Presser + NZDUSD Shorts Commence

, ,
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 to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

, ,
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.…
Dollar Faces Bearish Pressure + Crypto Bulls Respond

Dollar Faces Bearish Pressure + Crypto Bulls Respond

, ,
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…
Dollar Bulls Try to Push Higher + US Oil Long Trade Setup

Dollar Bulls Try to Push Higher + US Oil Long Trade Setup

, ,
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…
AUDUSD Continues to Fall as NZDUSD Shorts Gear for Entry

AUDUSD Continues to Fall as NZDUSD Shorts Gear for Entry

, ,
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…
Positive Retail Sales Data Boosts Dollar and AUDUSD Hits First Target

Positive Retail Sales Data Boosts Dollar and AUDUSD Hits First Target

, ,
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…
Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

, ,
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…
Dollar Fails to Clear 92.750 + USDCHF Shorts to 0.90000

Dollar Fails to Clear 92.750 + USDCHF Shorts to 0.90000

, ,
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)…
US Dollar to 92.750 with USDJPY Looking to Push Higher

US Dollar to 92.750 with USDJPY Looking to Push Higher

, ,
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…