In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we are following on from yesterday’s very good trade calls. Therefore, we have taken a stronger look at USD and explain why the dollar is getting interesting again.
USD
USD has shown us signs across the board that we might see a bit more strength creeping back. This is normally music to our ears and often gives us some very good opportunities. In particular, we like the look of selling the EURUSD below yesterday’s low of 1.1356.
The next dollar pair to get our attention is the USDJPY market. From a technical perspective, we are seeing a nice setup to the upside after a strong pullback. Opportunities above 112.87 give us a high probability trade.
Gold
The final market to focus on is the Gold market. Having pulled back from the 1196 lows, we are now looking for prices to break below yesterday’s low of 11219.93 and, hopefully, give us the next leg to the downside. Again, this is a very technical set up.
The Dollar Is Getting Interesting Again – Full Video Analysis
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