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

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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

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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 Bulls Try to Push Higher + US Oil Long Trade Setup

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

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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…
Dollar Looks to find Support at 92.750 + BTCUSD Intraday Shorts to 30,000

Dollar Looks to find Support at 92.750 + BTCUSD Intraday Shorts to 30,000

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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…
AUDUSD Continues to Fall as NZDUSD Shorts Gear for Entry

AUDUSD Continues to Fall as NZDUSD Shorts Gear for Entry

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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…
+100 Pips from AUDUSD and AUDJPY Shorts are Pending

+100 Pips from AUDUSD and AUDJPY Shorts are Pending

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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…
Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

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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…
US Dollar to 92.750 with USDJPY Looking to Push Higher

US Dollar to 92.750 with USDJPY Looking to Push Higher

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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…
USDCAD Looks to Head Lower and US Oil Targets Yearly High

USDCAD Looks to Head Lower and US Oil Targets Yearly High

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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 Facing Pressure From Bears + AUDUSD Swing Shorts

Dollar Facing Pressure From Bears + AUDUSD Swing Shorts

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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…