EURUSD poised for more drops
Is EURUSD poised for more drops as is evidenced by technical clues? Let’s analyze the facts. On our previous article https://thelivetraderoom.com/can-eurusd-break-the-descending-channel/, we projected a bearish scenario for the EURUSD pair. Evidently, that scenario only would become active if the pair’s price broke down the 1.1300 level. As witnessed yesterday, that is what happened. The price went from the top of…
More Dollar Strength and Oil Weakness | Daily Trade Watch
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe more Dollar strength and Oil weakness. It feels like groundhog day as we find ourselves identifying the same trade ideas as the focus for our profitable trades for the day. USDCHF To begin with,…
AUDUSD Correcting from Short-term Oversold
In this article we discuss the AUDUSD Correcting from Short-term Oversold and possible scenarios ahead. Current Price Action The AUDUSD price has drawn two consecutive candles with large shadows touching the +3 Bollinger Band. Today, it is making fresh lows. That is a typical oversold spot. The most probable continuation is the price to visit…
USD Strength and Even More Oil Weakness | Daily Trade Watch
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we will be looking USD strength and even more Oil weakness. In particular, we discuss the continued hawkish approach towards interest rates which is proving a source of strength for the Dollar. USD As…
Indices Strength and More Oil Weakness | Daily Trade Watch
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we will be looking at Indices strength and more Oil weakness. US Midterm Elections Of course, yesterday we saw the outcome of the US midterm election which saw the Trump Administration lose the house…