Bulls continue to dominate bears as the Dollar sets out to reach July’s high. With bearish price action seen on GBPUSD, traders are entering short for GBPUSD. The US Dollar Index (DXY) has continued building on the momentum gained on last Friday’s NFP report. Bulls were able to close bullish on the daily for the […]
Price action traders are in profit for their AUDUSD swing short as Dollar bulls continue their rally back to March’s high fueled by last Friday’s positive job report. A few weeks ago traders entered short for AUDUSD and were awarded +80 pips of profit. After a strong job report, the Dollar is once again bullish, […]
After ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow’s NFP job report. The US Dollar Index had a rough time last week of July as bears were able to momentarily take prices below 92.000. Since then, bulls […]
Despite only adding less than half of the forecasted amount of jobs, the Dollar is up for the day. As a result, traders are eyeing potential intraday shorts for EURUSD and GBPUSD. Today’s ADP report reported an additional 330,000 jobs versus the forecast of 695,000 jobs. Normally, this would lead to a bearish reaction for […]
After a bullish start to July, the Dollar has started off August by clinging onto support at 92.00. Meanwhile, Ethereum has turned bearish as price faces multiple days of selling pressure. Last week, the US Dollar Index (DXY) faced nearly a full week of selling as price went from a high of 93.175 to a […]
After yesterday’s FOMC presser, market participants are looking to short the Dollar. As a result, US Oil is pushing higher into profit and USDCAD shorts are expected. Powell stated that although the economy is on track to meet its inflation goals, the threat of the new Delta variant is something the Fed is taking seriously. […]
The Forex majors have spent much of the day awaiting the FOMC meeting minutes for more insight on the Dollar’s trajectory. Meanwhile, shorts for NZDUSD are starting to play out as price revisits support at 0.69200. Today’s FOMC conference had some positives and some negatives. For one, Powell believes the US economy is on the […]
Dollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD. After clearing last week’s low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750. Price was able to reject this zone and revert the price down […]
A new week presents new challenges for the Dollar as bears take control. Crypto bulls aren’t backing down as bulls respond to weeks of bearish pressure. After failing to make a new higher high last week, the Dollar has found itself within arms-reach of 92.000. To start the trading week bears dove price back down […]
After bears took the Dollar past below 92.750, bulls in the market are trying to respond. Meanwhile, US Oil (Crude) prices look to rebound higher back to the yearly high. The Dollar suffered immense bearish pressure during the London session as bears were able to take price to as low as 92.500. Bulls had their […]