The Dollar is down 0.30% to start the first week of October as bearish pressure continues. Conversely, Crude Oil prices are looking to edge higher after breaking this year’s high. The US Dollar Index (DXY) was able to print a bullish hammer on the monthly time frame for September. Despite this, bears have taken prices […]
After a bullish end to September, bears are applying their pressure on the Dollar as the price revisits 94.125. Conversely, Bitcoin bulls are looking to attain $50,000. The US Dollar Index (DXY) was able to close bullish on the monthly as the price was able to print a bullish hammer. Despite this, the DXY is […]
The US Dollar Index continues its tear higher as bulls push past 94.000. As a result, GBPUSD swing shorts have become active for traders. The first hurdle for Dollar bulls was resistance near 94.100. Bulls were able to push and close bullish above this level on the daily time frame. This move allows for traders […]
The Dollar is thriving as price breaks this year’s high and is set to close bullish on the monthly time frame. As a result, a possible swing trade for EURUSD has become available. With only a few days remaining in September, the Dollar is set to make a statement as the monthly candle will most […]
Crude oil prices are looking to edge higher as bulls erase the previous move created by bears in the market. Meanwhile, the US Dollar is stuck as a tug-of-war occurs in the market. After attaining the yearly high of $77 per barrel, Oil had a brief visit to $62 per barrel. Since then, bulls were […]
Price action traders are up almost +200 pips of profit after entering short for Gold yesterday. Despite Powell’s optimistic comments, bears have regained control of the Dollar. Prior to the FOMC rate statement, Gold was presenting bearish technical indicators. Price has been on a downtrend since the start of the month and had recently completed […]
This afternoon’s FOMC rate statement and economic projection presser resulted in a bullish response for the Dollar as further rate hikes are likely until 2024. The Federal Reserve discussed the possibility of 6 to 7 interest rate hikes until 2024 as the council is optimistic about the economy recovering from the pandemic. The Dollar is […]
Traders can look to possibly short the Forex majors as the Dollar rebounds from the key level of 93.170 a day before the FOMC press conference. After attaining 93.430, the US Dollar completed a pullback to 93.170. This was level was an important resistance in the previous quarter. The current daily candle is a bearish […]
Despite an impressive rally last week, the Dollar has fallen short of meeting August’s high. Meanwhile, crypto traders are watching Bitcoin as the price breaks below $44,000 for its third time this month. The Dollar was able to breach above 93.000 over the weekend and meet the key level of 93.430. Since then, bears were […]
Dollar bulls are thriving today after the US printed stellar sales data during the New York trading session. With that in mind, traders are looking to short AUDUSD as the price breaks its range lows. This morning’s sales data came out at 1,8% versus a forecast of -0.1%. This is a substantial improvement from the […]