Posts

Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

, ,
Crude oil prices are looking to edge higher as bulls erase the previous move created by bears in the market. Meanwhile, the US Dollar is stuck as a tug-of-war occurs in the market. After attaining the yearly high of $77 per barrel, Oil had…
Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

, ,
As predicted by price action, the Dollar made a quick rally to 92.750. However, the price is looking to reject this zone and head lower. Traders are now seeking intraday shorts for USDCHF. Dollar bulls made a statement yesterday as bulls…
USDCAD Longs as Dollar Bulls Attempt a Rally at 92.850

USDCAD Longs as Dollar Bulls Attempt a Rally at 92.850

, ,
Price action traders are entering long for USDCAD as Dollar bulls remerge after a week of battling bearish pressure. This bullish presence is prominent even after today's bearish GDP data. After a sharp slump lower, USDCAD bulls are starting…
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…
USDCAD Looks to Head Lower and US Oil Targets Yearly High

USDCAD Looks to Head Lower and US Oil Targets Yearly High

, ,
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

, ,
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…
Forex Major Longs as Dollar Looks to Revisit 92.00

Forex Major Longs as Dollar Looks to Revisit 92.00

, ,
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…
US Oil Up +120 Pips and Dollar Pushes Back Against Bears

US Oil Up +120 Pips and Dollar Pushes Back Against Bears

, ,
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…
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.

Crude Oil Trade in Profit + Gold Longs Delayed Until Next Week

, ,
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…
Dollar Surges on ADP Job Report + Oil Longs Pending Entry

Dollar Surges on ADP Job Report + Oil Longs Pending Entry

, ,
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.…