Intraday Market Analysis – USD fails to impress
USDCHF retests support The US dollar struggles as the Fed minutes confirms a slower pace in its interest rate increases. Last April’s low of 0.9200 has offered some support and the surge above 0.9340 prompted sellers to trim their exposure. Follow-up bids above the fresh resistance 0.9400 will be needed to keep […]
How to Trade USD Pairs in the Election-led Market Volatility
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. The U.S. midterm elections are almost here. The results on November 8th will heavily shape Biden’s ability to roll out policies in the second half […]
IS IT TIME TO BOOK PROFITS IN EUR USD AND GBP USD ? – Forex Trading Analysis
Congratulations to all those following this blog and earning decent profits. In previous post some good profit making opportunities were highlighted specifically in eur usd and gbp usd. Traders buying usd jpy on dips are also in good profits. Usd chf buyers are also happy. Aud usd and Nzd usd was predicted to trade in […]
Top 3 USD Pairs & Forex Strategies to Trade the Current Market
No single currency is traded completely independent of the other in the Forex market and various market conditions can affect currency pairs in different ways. Let’s understand which are our top USD pairs and how you can trade USD setups in this market. Chris Pulver is a full-time trader and Senior Currency Strategist at Market […]
Intraday Market Analysis – USD bounces back
NZDUSD tests key support The US dollar soared after jobless claims showed resilience of the labour market. On the daily chart, the directional bias remains up with the pair seeking to secure a foothold. A previous sharp drop found support over 0.6200, but its failure to reclaim 0.6360 could be detrimental to […]
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. […]
HFM’s Outlook 2023: USA and the USD Index
The USA and the US Dollar – 2023 Outlook 2022 was a year that was extremely unpredictable, volatile, and unstable for the global economy, as global currencies came under extreme pressure with wild swings, reaching unprecedented levels. The year was a tough one for global bonds and stocks, so good riddance. In 2023, attention will […]
EUR/USD breaks above 1.0600 on USD sell-off after weak ISM
US Dollar under pressure across the board amid risk appetite and falling yields. US: A weak ISM Service sector report follows larger than expected increase in NFP. EUR/USD having best day in a month, still down for the week. The EUR/USD jumped above 1.0600 amid a sharp reversal of the US Dollar that tumbled across […]
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 […]
SELL OPPORTUNITY KNOCKING IN EUR USD. – Forex Trading Analysis
Eur Usd is trading in a small range since mid April. However some good opportunities were arisen in the meantime. But now the pair started hitting the resistance lines. Means that a good sell opportunity is knocking. It is still possible that the pair may rise from here but should be taken as a profitable […]