Dollar Facing Pressure From Bears + AUDUSD Swing Shorts

Dollar Facing Pressure From Bears + AUDUSD Swing Shorts

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Dollar bulls are facing a tough task to fend off bears as they push the US Dollar Index (DXY) lower. Meanwhile, traders are setting up to take swing shorts for AUDUSD. After creating a new high for the quarter, the Dollar saw immense pressure…
US Oil Eyes 70.00 Per Barrel + USDCAD Long Trade Setup

US Oil Eyes 70.00 Per Barrel + USDCAD Long Trade Setup

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Crude oil (US Oil) prices are down 2.50% for the day as bears look to visit $70 per barrel. Conversely, USDCAD is looking to push higher as Dollar bulls pick up momentum. After attaining $77 per barrel, bears were able to take price in a…
NZDUSD Hits Final Target + Dollar Resumes Path to 93.430

NZDUSD Hits Final Target + Dollar Resumes Path to 93.430

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Price action traders are enjoying their longs for NZDUSD as the price has hit all respective targets. More moves are on the way in the market as the Dollar is ready to push to 93.430. Last Friday, price action traders witnessed a bullish…
Forex Major Longs as Dollar Looks to Revisit 92.00

Forex Major Longs as Dollar Looks to Revisit 92.00

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Traders could look to go long for the Forex majors this week as the Dollar fails to push higher to 93.00. This may be attributed to last week's bearish Non-Farm Payroll (NFP) release. Last week's NFP release had a bearish reaction on the…
USDJPY Swing Longs as Dollar Bulls Surge Price Higher

USDJPY Swing Longs as Dollar Bulls Surge Price Higher

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Traders can look for USDJPY to push a considerable amount higher as the US Dollar Index (DXY) get's ready to take out this year's high. After spending a few days in a range, the US Dollar is ready for its next leg up. Today the DXY was able…
CADCHF Trade in Profit + Gold Reaches 1750

CADCHF Trade in Profit + Gold Reaches 1750

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After a few days of laboring, CADCHF is starting to pick up momentum. The precious metal Gold is also picking up steam to the downside as the price meets 1750. Last week, price action traders went short for CADCHF after a shooting star was…
Dollar Uptrend Back in Play +Gold Shorts To Resume

Dollar Uptrend Back in Play +Gold Shorts To Resume

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The Dollar has spent the last few days struggling to move, but it is ready to make its next move higher. Gold bears are also looking to pile on and take the precious metal lower. After dropping to create a new quarterly low, the US Dollar…
US Oil Longs and USDCAD Shorts For Next Week

US Oil Longs and USDCAD Shorts For Next Week

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After last week's theatrics, the US Dollar Index (DXY) is back in a range. Regardless of that, US Oil sets to push to new yearly highs and USDCAD looks to fall lower. After creating a new yearly high at $74 per barrel, US Oil took a bit of…
Dollar Stuck in a Range, Gold Priming for Next Push Lower

Dollar Stuck in a Range, Gold Priming for Next Push Lower

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After an exhilarating few days of price action, the US Dollar Index (DXY) is back to consolidating. In the meantime, Gold (XAUUSD) is priming for another move lower to last week's low of 1763. Last week ended with a bang as the Dollar came…
USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

USDCAD Trade in Profit + Bitcoin and Cryptos Show Sign of Life

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Price action traders are enjoying profits made from shorting USDCAD and bulls are starting to show some fight in the crypto market. After determining a bearish bias for the Dollar yesterday, price action traders entered short for USDCAD.…