Posts

DXY Back to Bearish Ways + NZDCAD Shorts?

DXY Back to Bearish Ways + NZDCAD Shorts?

, ,
After giving bulls some hope to end last week, the Dollar is back on its way lower. As the DXY figures its self out, traders may look at trading the minors for the time being. Despite hanging around 91.950 and numerous attempts to close bullish…
Live Forex Trading Room DXY Bulls Back At The Table Plus BTC Longs

DXY Bulls Back on Table + BTC Longs!

, ,
After a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low. Despite Powell's harsh comments about the US economy,…
Bearish US Sales Data, Dollar in a Limbo

Bearish US Sales Data, Dollar in a Limbo

, ,
This morning's US retail sales data came out much worse than expected, and traders could see further weakness in the Dollar as a result. Despite attempting another push higher, the Dollar is stuck in limbo. The core retail sales data came…
BTC to 60,000 and Oil Longs Pending

BTC to 60,000 and Oil Longs Pending

, ,
As the Dollar tries a last-minute surge to the upside, many of the cryptos and commodities are extending their gains. Bitcoin to 60,000 looks fairly likely and Crude Oil longs are almost ready to go. Earlier during the New York session, the…
US Dollar Selloff + US Oil to $77 Per Barrel

US Dollar Selloff + US Oil to $77 Per Barrel

, ,
After failing to bounce from 91.90, the US Dollar Index is set to fall lower. While the majors gain on the Dollar, US Oil is starting to set up for a perfect buy to $77 per barrel. The Dollar is finding it rather hard to stay afloat despite…
EURUSD and USDCHF Swing Shorts

EURUSD and USDCHF Swing Trades

, ,
After solid job numbers and a stimulus bill finally decided upon, the US Dollar is thriving and is officially reversing to the upside. As a result of the Dollar reaching new yearly highs, EURUSD is set to visit pre-pandemic levels. Price…
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…
+350 Pip Week + USDJPY Swing Trade

+350 Pip Week + USDJPY Swing Trade

, ,
Another eventful and profitable week is in the books for traders. Due to the Dollar's ability to trend this week, many traders were able to rake in serious profits from both the majors and minors. Last Friday's price action on the daily time…
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…