Posts

Dollar Recovery Likely + USDJPY Swing Long

Dollar Recovery Likely + USDJPY Swing Long

, ,
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…
AUDUSD Hits Target 1 + Dollar Shows Signs of Life

AUDUSD Hits Target 1 + Dollar Shows Signs of Life

, ,
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…
Directory: Sign up for a Free Membership. Login to watch full recorded webinars in our Forex Trading Room. Chat with our traders in the Community Discord Server. Read yesterday’s breakdown: GBPUSD and NZDJPY Swing Longs Active For Next Week!

GBPUSD Hits Target + EURUSD Range Breakout

, ,
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…
GBPUSD in Profits + NZDJPY is Next!

GBPUSD in Profits + NZDJPY is Next!

, ,
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…
US Oil Hits $62 Per Barrel + GBPUSD Longs

US Oil Hits $62 Per Barrel + GBPUSD Longs

, ,
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…
Dollar to 91.200 + USDJPY Short?

Dollar to 91.200 + USDJPY Short?

, ,
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.…
AUDJPY Swing Long + US Oil Above $60 Per Barrel

AUDJPY Swing Long + US Oil Above $60 Per Barrel

, ,
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…
DXY to 90.50, AUDJPY Swing Long

DXY to 90.50, AUDJPY Swing Long

, ,
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…
USDJPY Intraday Short + US Oil in Deep Profits

USDJPY Intraday Short + US Oil in Deep Profits

, ,
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…
US Oil Swing Trade in Profit + Dollar Falls on NFP

US Oil Swing Trade in Profit + Dollar Falls on NFP

, ,
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…