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Oil and Forex Trading Alert - The USD Index Outlook Remains Intact While Oil Corrects Friday's Gains
October 14, 2019, 10:32 AMThe USD Index declined significantly on Friday. Before jumping to any conclusions, let's assess the context of the downswing. How much does it actually change? Let's assess the outlook for the days ahead.
Meanwhile, crude oil rose strongly on Thursday and Friday, trading more than comfortably above the declining resistance-turned-support line. There are two facts that support the upswing continuation, today's pullback notwithstanding. Let's examine them both for details.
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Oil and Forex Trading Alert - The USD Index Is Primed for Upswing While Oil Bounces Resoundingly
October 11, 2019, 7:34 AMThe USD Index is setting itself up for a sizable move that we won't watch disinterested. The charts have sent their message, upon which we have acted. Let's assess the outlook for the days ahead as it stands right now.
Meanwhile in oil, the many days of sideways consolidation are over. Black gold jumped higher yesterday and isn't looking back today either. The earlier breakout above the declining resistance line has been more than confirmed, the upswing is alive and well, so let's shift our attention to reexamining the target area for cashing sizable profits.
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Oil and Forex Trading Alert - The USD Index Is About to Move in Earnest While Oil Consolidation Grows Stronger
October 10, 2019, 7:34 AMThe USD Index gave up its Tuesday's gains earlier today, which is consistent with the back-and-forth trading prior to the start of its next serious move. We're ready and the charts are sending us an important message that warrants making a new trading decision right now.
Meanwhile in oil, we have again seen an uneventful session yesterday if judged by the opening and closing prices only. But it's about the context these moves are playing out in. Its message is clear, and the earlier confirming sign just got one more ally. Let's dive into the charts and find out what it means for our profitable open position.
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Oil and Forex Trading Alert - The USD Index Moves While Oil Consolidates
October 9, 2019, 6:08 AMThe USD Index popped higher yesterday. Is that move something typical of a back-and-forth trading, or a harbinger of a budding upswing? What do the charts tell us about the days ahead for the USD?
Meanwhile in oil, yesterday's session brought us another confirming sign of the upcoming move. It might not appear as such considering the little change from opening levels, but the shape of the candle and the closing price itself are sending an important signal. Let's see the charts to find out how it'll impact our profitable open position.
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Oil and Forex Trading Alert - The USD Index Treads Water While Oil Is Breaking Higher
October 8, 2019, 8:12 AMThe USD Index continues its short-term consolidation. This back-and-forth trading is marked by tightening volatility and heralds an upcoming move. When is that most likely to come and what do the charts tell us about the days ahead for the USD?
Meanwhile in oil, yesterday's session marks a short-term key development. Considering the shape of yesterday's candle, it might not appear as a milestone but it's one nonetheless. Let's see the charts to find out how it'll impact our profitable open position.
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