DXY Fighting to 90.72 + Major Shorts

DXY Fighting to 90.72 + Major Shorts

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The last week of January is upon us, and this week in contrast to previous weeks is rather calm in terms of fundamental news. This week may help traders end the first month of 2021 on a good note. Aside from the FOMC rate decision on Wednesday,…
Weekly Trade Recap + USDCHF Range Setup

Weekly Trade Recap + USDCHF Range Setup

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Another eventful trading week of 2021 is in the books. With numerous high-impact news releases, there was an abundance of viable trade setups for traders to take. A pair that was particularly popular among price action and smart money traders,…
Manufacturing Data and USD Strength + GBPUSD Priming for Long

Manufacturing Data and USD Strength + GBPUSD Priming for Long

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Today's Philly Fed manufacturing data came out exceptionally well, as the data printed a result of 26.5 versus the forecast of 11.2. Despite this result, the Dollar has found itself down 0.42%. As expected, the long-term downtrend for the…
USDCAD Final Target Achieved + GBPUSD Intraday Short

USDCAD Final Target Achieved + GBPUSD Intraday Short

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Joe Biden has officially been inaugurated as the new acting president of the United States. Surprisingly, the markets had a dull response to his ceremony and speech. Short-term technicals point to a bullish Dollar, while the long-term downtrend…
USDCAD Profits + NZDUSD Looking to Head Lower

USDCAD Profits + NZDUSD Looking to Head Lower

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The calm before the storm, that is the storm of fundamental events that will be taking place tomorrow. The DXY could go either way, and traders have options in terms of trade setups. Currently, the DXY is resting at this week's low of 90.40.…
Dollar Fails to Hit 91.00 + Weekly Fundamental Outlook

Dollar Fails to Hit 91.00 + Weekly Fundamental Outlook

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Last Friday's fundamental news has put a damper on the Dollar's recent attempts to attain 91.00. With a week full of fundamental news, this could be the week that the Dollar finally pushes through or reverts back to the downside. Today is…
DXY Bullish Despite Bearish Fundamentals

DXY Bullish Despite Bearish Fundamentals

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Despite several bearish fundamental factors, the US Dollar Index (DXY) has pushed past this week's high and is en route to 91.00. Traders are left wondering if this is manipulation or a reversal occurring before their eyes. The first bearish…
EURNZD Shorts + USD Priming For Powell's Speech

EURNZD Shorts + USD Priming For Powell's Speech

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As expected, this morning's fundamental releases have the US Dollar in a blunder. More unemployment claims were filed last month than expected which caused the Dollar to quickly shift from being bullish for the day to bearish. As a result,…
USDCHF and USDJPY Profits + Dollar At Crossroads

USDCHF and USDJPY Profits + Dollar At Crossroads

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The US Dollar spent much of yesterday selling off and as a result trades for USDJPY and USDCHF raked in decent profits for traders. As of right now, the Dollar is at crossroads in deciding which direction it wants to go. Price action analysis…
USDJPY Shorts + US Oil Swing Long

USDJPY Shorts + US Oil Swing Long

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The US Dollar Index (DXY) failed to make a rally to 91.00 and instead is showing signs of bearishness. Traders should look for potential USDJPY shorts and US Oil longs to take advantage of the current situation. Price action traders have…