Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

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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…
Dollar Bullish Heading into October + Pending Swing Shorts for EURUSD

Dollar Bullish Heading into October + Pending Swing Shorts for EURUSD

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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…
Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

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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…

+160 Pips from Gold and Dollar Bears Reject 93.430

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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…
Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

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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…
Forex Major Shorts as US Dollar Index Rebounds from 93.170

Forex Major Shorts as US Dollar Index Rebounds from 93.170

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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…

Dollar Fails to Meet August's High + Bitcoin Prices Eye Break Below $44,000

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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…
DXY Pushes Higher on Positive Sales Data + Pending Shorts for AUDUSD

DXY Pushes Higher on Positive Sales Data + Pending Shorts for AUDUSD

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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…
+230 Pips from Oil Longs + Bitcoin Bulls Set to Rally to $50,000

+230 Pips from Oil Longs + Bitcoin Bulls Set to Rally to $50,000

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Price action traders are up +230 pips of profit for crude oil as price begins a new rally after a period of consolidation. Meanwhile, Bitcoin has begun a bullish rally as price charges to $50,000. The yearly high for crude oil is at $77 per…
Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

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After a poor CPI report, Dollar bulls seem unfazed as they look to drive prices higher. As a result, EURUSD looks to head lower after creating a new lower high. Today's CPI report came out worse than forecasted as the result was 0.3% versus…