US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
US Dollar, EUR/USD Talking Points: US Dollar weakness continued to show yesterday as DXY printed a fresh seven-month-low; but buyers put in a response in the latter portion of the session leaving that daily candle as a doji. As USD has built a short-term range, so has EUR/USD. GBP/USD is testing above a longer-term Fibonacci […]
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY
Japanese Yen Talking Points: Recommended by James Stanley Get Your Free JPY Forecast Trends are important things in markets because it can help with biasing directional moves. While the future will remain uncertain, trends populate often and there’s usually a good reason for doing so. In the FX market, that rationale often revolves around a […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast The US Dollar sell-off has continued through the first two weeks of 2023 trade. While the USD grasped onto support at 103.45 coming into the year, sellers have continued to push. The heavy drive for the bearish trend re-appeared on the Friday […]
US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY
US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast Inflation continues to fall in the United States and this morning’s print brought the sixth consecutive month of headline CPI moving-lower, following the peak of 9.1% that showed in June of last year. The US Dollar dropped after the release, setting a […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: The US Dollar is testing another spot of support this morning at the 103 handle on DXY. EUR/USD has pushed up to a fresh seven-month-high while starting to test a big zone of resistance. USD/CAD continues to be one of the more attractive bearish USD setups while USD/JPY tests a key […]
Fed, Dollar Moves, & How to Trade USD Setups for Potential Profits
In today’s issue, we talk about Fed’s interest rate hikes, how they affect the dollar, and what we think your trading strategy should be in this market. Tad DeVan is a Senior Forex Analyst for Market Traders Institute and host of the Ignite Trading Room. Ignite Trading Room is FREE to join for active SmartTrader users. […]
Oil & Forex: Great USD Setups for the Upcoming Price Caps
Forex traders often focus on one of the three major sessions (Tokyo, London, and New York), rather than attempt to trade the markets 24 hours per day. Join the Analyst On Demand Trading Room, where Tian Kriek shares his pro strategies for trading the New York Session. In today’s issue, we talk about the oil […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: USD strength is showing up today as DXY is testing a breakout above the 105.00 level. This morning’s ADP numbers gave a boost to the Greenback but tomorrow’s NFP report may be more impactful as intense focus will be paid to the Average Hourly Earnings (AHE) component for signs of wage […]