Posts

Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

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After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year…
Dollar Surges After Powell's Speech - Time for a Reversal?

Dollar Surges After Powell's Speech - Time for a Reversal?

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After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…
DXY to 91.90? + USDJPY Swing Long Priming

DXY to 91.90? + USDJPY Swing Long Priming

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The Dollar has some life to it as the DXY is up +0.50% for the day. The next target may be 91.90 leaving the door open for USDJPY longs. For the past six weeks, the DXY has been capped by 91.00. Price was able to push up to this level on…
NZDUSD Profits + GBPJPY Long

NZDUSD Profits + GBPJPY Long

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Since yesterday, the US Dollar Index has gone from giving signs of weakness to surging strongly to the upside. Despite the DXY failing to meet 91.00, the brief bullishness allowed traders to cash in on shorts for the majors. One major that…
USDCAD Profits + NZDUSD Looking to Head Lower

USDCAD Profits + NZDUSD Looking to Head Lower

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The calm before the storm, that is the storm of fundamental events that will be taking place tomorrow. The DXY could go either way, and traders have options in terms of trade setups. Currently, the DXY is resting at this week's low of 90.40.…
NZDJPY Longs + BTC Has Hit 40,000!

NZDJPY Longs + BTC Has Hit 40,000!

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This morning the US Dollar Index (DXY) has created a new high for the year near 90.00. Some of this can be attributed to the chaos that occurred at the Capitol. Also, Donald Trump has conceded the 2020 election this morning which may also have…
DXY Bullish for Now + AUDUSD Ready to Launch

DXY Bullish for Now + AUDUSD Ready to Launch

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Since yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected. Candlestick analysis indicates a potential rebound from 89.88 as…
EURUSD and AUDUSD Profits + DXY to 88.75

EURUSD and AUDUSD Profits + DXY to 88.75

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The US Dollar Index (DXY) is wasting no time to reach 2018's low as sellers continue to pressure the Dollar to go lower. Today many of the majors have extended their gains against the Dollar, with some being up +0.62% up for the day. EURUSD…
EURUSD, AUDUSD and GBPUSD Swing Trades for Next Week

EURUSD, AUDUSD and GBPUSD Swing Trades for Next Week

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In today's live trading session, we went over swing trades for EURUSD, AUDUSD, and GBPUSD that we have for next week. EURUSD has already been entered and has achieved our first target. We went as high as +59 pips, since then the price has…
Weekly Trade Recap + AUDNZD Swing Trade for Next Week!

Weekly Trade Recap + AUDNZD Swing Trade for Next Week!

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In today's live trading session, we went over the trades we took this week and the AUDNZD swing trade we have planned for next week. This week we focused on EURUSD, AUDUSD, NZDCAD, EURNZD, and CADJPY. We were able to enter EURNZD, NZDCAD,…