SOL & BTC Setup + Oil in Profits & Bullish Dollar, Bearish Majors
Forex Trading Analysis, Live Trading Room, Technical AnalysisHope everyone is excited for another week of in depth market analysis. We certainly are, since our US OIL trade is carrying into deeper profits. As well as closing off the NZDUSD trade hitting all take profits! Don’t worry there is a fresh…
DXY Approaching Balanced Range + BTC & ETH Looking to Drop for the Weekend
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar Index still has room to the upside, but we are approaching the balanced range of the 95.409 - 95.735 area. Predicating one more push to the upside at least to 95.410, and if it does touch today, will probably close all Major trades, only…
Majors and Super Bear AUDUSD looking to drop + Dollar bulls taking over
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar bulls continue to hammer away, driving Majors down. If you follow the Order blocks you will be happy to see the presence and their value on the daily Dollar Index.
AUDUSD is super bearish, will see a bounce and downward continuation…
Bullish Dollar on Positive CPI Data + Majors Set to Slump in Coming Weeks
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar uptrend is back in play as bullish CPI data fuels a new rally higher. As a result, traders can expect many of the majors to slip in the coming weeks.
This morning's bullish CPI came out at 0.9% versus the forecast of 0.6%. This…
USDJPY Shorts Activated After Rejecting 114.200 + BTCUSD Sets New High
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders are shorting USDJPY after the price rejects key resistance at 114.200. On the contrary, Bitcoin bulls are marching on as price creates a new all-time high.
Bears have taken control of USDJPY as price rejects a key monthly resistance…
Bitcoin En Route to $70,000 + Ethereum Trade in Deep Profits
Forex Trading Analysis, Live Trading Room, Technical AnalysisBitcoin bulls are gaining momentum again as the price comes inches away from the all-time high. Ethereum bulls have pushed past this year's high and have officially created a new all-time high.
After spending the last three weeks in consolidation,…
Dollar Bulls Surge to 94.500 Resistance + AUDUSD Shorts to Range Low
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter consolidating for most of the week, the Dollar had enough bullish presence to make a run at 94.500. As a result, traders are seeking short for AUDUSD as the price presents bearish cues.
During the London session, Dollar bulls were able…
Ethereum Moments Away from $4,700 + Dollar in Heavy Consolidation
Forex Trading Analysis, Live Trading Room, Technical AnalysisEthereum bulls are picking up steam as the price is moments away from creating a new high at $4,700. Meanwhile, traders continue to observe a prolonged period of consolidation in the Dollar.
Yesterday, price action traders saw an optimal…
Ethereum En Route to $5,000 + US Oil Gears for Next Leg Higher
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the Forex market continues to labor behind the Dollar, the crypto markets are thriving as Ethereum surges past $4,400. After a slow down in price action, US Oil is finally looking to extend higher again.
Ethereum has finally breached above…
US Dollar Rejects 94.200 + USDJPY Intraday Shorts Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar ended the previous trading week by surging up to 94.200, however, bears are pushing back lower. As a result, traders are seeking intraday shorts for USDJPY.
The recent price action for the Dollar has been far from ideal as the…