All eyes remain on the USD but is it time to look for a reversal…a look at the Major FX Pairs!!

Follow on FaceBook – Twitter – LinkedIn – YouTube and Instagram!!

The USD has been strong but all good things must come to an end….right?!

The USD has been the main focus for a long time now as US inflation runs out of control and the US Fed are forced to aggressively raise interest rates.

With the interest rate differential favouring holding the USD in favour of other majors such as AUD, GBP and EUR, it has been all one way action. The majors have been constantly under pressure as funds continue to flow into the USD but it is a crowded trade so its time to look for potential trading opportunities.

Below are the Four Major FX Pairs both on the Daily and Hourly timeframes. I have added some commentary and a opinion of what I am looking for in a price action trading setup.

Happy Trading!!


PS Remember, if you have not signed up for the FREE SUBSCRIPTION…time to sign up here now!!

PSS Feel free to email any questions that you may have to

PSSS Take a look at the YouTube Channel Here and subscribe if you have not already!!

USD Index

The USD is heading higher on the Daily Chart and found sellers at a lower level. This to me is important as we may be seeing bulls run out of steam…which could see the start of an unwind from buyers. I feel that this will depend on the Fed hitting rate rises hard to bring down CPI (inflation).


The AUDUSD may have lost some mojo after the RBA disappointed bulls with a smaller than expected rate rise. With the continued strength into the USD, the Aussie has been heading south. If the USD starts to top out, then expect bulls to provide some support. Watching to see if 0.6195 can hold or whether we will see a move into 0.5950 prior to any rally.


The Euro has has been under enormous pressure which does mean that traders are all stacked up one way. Once the USD starts to find some sellers, there may be a big short squeeze on the cards for the EURUSD. I like the hourly chart for a minor long for now if price can hold above 0.9676…could see a push back up to parity.


The Pound has had all sorts of issues the last few days driven by some economic and political mess. The daily chart looks extended after a good flush lower but the hourly timeframe may be building another short setup. Watching for a break down below 1.1162 then 1.0923.


The USDJPY, in my view, is one to watch for a short as the Bank Of Japan battle YEN short sellers. The trend up remains firmly in tact, but when the time comes for a short, there will be a lot of juice in a trade as USD longs and YEN shorts both unwind. Watching for a clear lower high setup but for now expecting a grind up.

Join Our TRADERS HUB DISCORD CHANNEL for updates and trade ideas (email for the link)

Disclaimer: the contents of this post are presented for informational purposes only. They should not be viewed as investment advice, nor a solicitation to buy or sell any financial securities. Investments in financial products are subject to market risk. Some financial products, such as currency exchange, futures, contracts for difference, options and warrants are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. Trading currency exchange, futures, contracts for difference, stocks, shares, options and warrants on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in currency exchange, futures, contracts for difference, options, stocks, shares and warrants you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with currency exchange, futures, contracts for difference, options, stocks, shares and warrants trading, and seek advice from an independent financial advisor if you have any doubts.

Do you have a comment...okay, lets hear it!!