Posts

Market Outlook for the Holiday's

Market Outlook for the Holiday's

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It's the day before Christmas Eve and the markets are certainly aware of that. Traders should expect major bouts of consolidation from now until January 4th as the holidays stroll around. For the US Dollar Index (DXY), price is expected to…
DXY to 91.00 and Majors Look to Short

DXY to 91.00 and Majors Look to Short

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The US Dollar Index (DXY) is not done just yet as the index has hopes of going higher. As a result, many of the major currency pairs are projecting potential short-term shorts. After revisiting 90.50 yesterday, the DXY has found itself on…
DXY Gap and Holiday Trading Conditions

DXY Gap and Holiday Trading Conditions

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Over the weekend the US Dollar Index (DXY) gapped from 89.90 to 90.45 and then went on a rally back to the 91.00 psychological level. This sudden move was not a shock to most veteran traders as this type of volatility can be expected during…
Knowing When to Exit a Trade + Profit Recap

Knowing When to Exit a Trade + Profit Recap

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The last full trading week of 2020 is finally in the books. Many traders were able to secure a good deal amount of profit all thanks to the rapid depreciation in the Dollar. Trade setups for EURUSD and AUDUSD seemed to be the most popular among…
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…
DXY Going Lower + EURUSD Breakout Almost Ready

DXY Going Lower + EURUSD Breakout Almost Ready

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This morning the US Dollar Index (DXY) has dropped to this week's low of 90.50. The DXY is set to head down lower to the low created last week at 90.42. As a result, pairs such as EURUSD and AUDUSD are ready to breakout. Price action analysis…
DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

DXY Ranging + Pending Breakouts for EURUSD & NZDUSD

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The first trading day of the week is in the books. This Monday morning the US Dollar Index (DXY) has been stuck in a range, and pairs such as EURUSD and NZDUSD are developing setups. Traders are finding DXY ranging between 90.50 and 91.25.…
USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

USDCHF, EURUSD and NZDUSD Swing Trades for Next Week

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Another trading week has been completed in the Forex Trading Room. For today's session, trade setups for USDCHF, EURUSD, and NZDUSD were covered. For the entirety of the week, the US Dollar Index (DXY) was ranging. Price was stuck between…
Bullish NFP as Expected + Next Week Market Insight

Bullish NFP as Expected + Next Week Market Insight

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In today's live trading session, we went over the Non-Farm Payroll employment data and then determined trade setups to take next week. As predicted, the NFP results came out far greater than expected. The US economy was able to drop the unemployment…
Forex Trading Room - Technical Analysis Suggests Bullish NFP

Technical Analysis Suggests Bullish NFP

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In today's live trading session, we completed technical and fundamental analysis for the US Dollar to predict tomorrow's Non-Farm Payroll (NFP) result and reaction. Many traders and investors alike are waiting for tomorrow's NFP report released…