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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…
USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

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Price action traders are enjoying profits made from shorting USDCAD and bulls are starting to show some fight in the crypto market. After determining a bearish bias for the Dollar yesterday, price action traders entered short for USDCAD.…
USDCAD Shorts As Dollar Bears Gain Momentum

USDCAD Shorts As Dollar Bears Gain Momentum

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After last week's rally by the bulls, bears are having one of their own for the Dollar. With that in mind, traders could see USDCAD head lower on an intraday level. Yesterday bears were able to take the US Dollar Index (DXY) back to last…
Dollar Continues to Consolidate and Potential Shorts for USDCAD

Dollar Continues to Consolidate and Potential Shorts for USDCAD

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The US Dollar Index (DXY) is once again stuck in its consolidated ways and that has been the sentiment for almost two months now. Despite this, traders may have a short setup for USDCAD. For the third straight day this week, the Dollar is…
US Oil Up +150 Pips and a Potential Short for USDCAD

US Oil Up +150 Pips and a Potential Short for USDCAD

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Another trading week, another week that US Oil sets to push higher. Price action traders are looking to short USDCAD as this pair tends to be negatively correlated with Oil. US Oil was able to create a new yearly highly just short of 71.80…
USDCHF and USDCAD Shorts Ready as Dollar Drops

USDCHF and USDCAD Shorts Ready as Dollar Drops

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As we get into the midst of the trading week, the Dollar has chosen its path and so have many of the majors. A weaker Dollar should lead other currencies such as the Swiss Franc and Canadian Loonie to edge higher. The US Dollar Index has…
USDCAD Profits + Pound Pairs are Priming

USDCAD Profits + Pound Pairs are Priming

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In today's live trading session, we went over our USDCAD trade from yesterday, and then we went over the lack of movement in the Pound pairs. During yesterday's live session, we discussed the two possible scenarios for the US Dollar Index.…
USDJPY & USDCAD Intraday Trades + Euro Longs Back on Table?

USDJPY & USDCAD Intraday Trades + Euro Longs Back on Table?

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In today's live trading session, we went over the status of our USDCAD and USDJPY trades from yesterday. We then spent the rest of the session looking for new trades to enter. We found a potential long setup for both US Oil and EURUSD. During…
Jerome "By Any Means" Powell + Forex Markets React to the End of Covid-19?

Jerome "By Any Means" Powell + Forex Markets React to the End of Covid-19?

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In today's live trading session we went over Jerome Powell's comments regarding the US Economy as well as trade setups for the week. Early this morning, Jerome Powell indicated that the Federal Reserve will take a "by any means necessary"…

+120 Pips From NZDCAD & NZDUSD + US Dollar Retraces

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Welcome to another live trading session. In today's session, we went over our trade setups for NZDCAD and NZDUSD that led us to +120 pips of profit. We then discovered a great long term swing opportunity for AUDUSD. This week we decided to…