In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we analyse more USD strength in the coming days.
Fundamentally, the reasons for this position is down to the fact that the US economy is clearly performing better than any other economy currently. Additionally, we have the Fed lowering rates (these seem to be on long-term hold for now it seems) and it looks like we will see a phase one trade deal between the US and China in the coming weeks.
However, from a technical perspective, we have seen the USD strengthen against most majors over the last couple of days. If we see prices break daily lows/highs, we would anticipate some high probability trades to filter through as a result. These trades are as follows:
- EURUSD below 1.1062
- GBPUSD below 1.2842
- USDJPY above 1.0930
- USDCAD above 1.3207
- AUDUSD below 0.6868
- NZDUSD below 0.6358
More USD Strength in the Coming Days – Full Video Analysis
Take your trading to the next level with our TLTR Membership. You will soon discover why we are trading’s best-kept secret. We are successfully building the world’s largest group of profitable traders and would like you to be part of it.
You can join for as little as $19.99 per month, no contract, cancel anytime. Just one profitable trade with us per month covers this amount, the rest is pure profit. You will benefit from unparalleled access to our professional traders, our transparent trading performance, our LiveTradeRooms and access to the most comprehensive trading education on the market. What have you got to lose? JUST CLICK HERE TO GET STARTED NOW and see how real money is made!