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Dollar Continues to Face Bearish Pressure + Oil Swing Longs as Demand Increases
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe first week of October will most likely belong to the bears as the Dollar continues to slip. Meanwhile, price action traders are looking to swing long Oil as global demand is expected to increase.
At the moment the Dollar is in the midst…
Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) has once again rejected 90.00 after a brief visit. With that in mind, Gold and Crude (Oil) are both looking to push higher against the weaker Dollar.
The past 4-6 weeks have been a struggle for the Dollar as the…
US Oil Hits $62 Per Barrel + GBPUSD Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter briefly pushing above 91.00, the Dollar has found itself on the way back down to 90.50. As a result, many of the majors should resume their gains against the Dollar.
Price action traders entered a swing long position for US Oil on February…
AUDJPY Swing Long + US Oil Above $60 Per Barrel
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter the long weekend, the Dollar has come out with a punch of its own as price attempts to clear last week's high. It's too early to decide if bullishness is here to stay for the Dollar, so traders are shifting their focus to AUDJPY and US…
US Oil Almost at $60 + GBPJPY Long for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe lack of fundamentals this week allowed traders to take full advantage of the charts without worrying too much about unexpected noise. In addition, pairs like GBPJPY are setting up for longs that can be taken next week.
Amidst all the…
+200 Pips From Major Trades, More on the Way
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the US Dollar Index (DXY) makes its way down to 90.00, traders are securing profits from trades against the Dollar.
Price action analysis indicates that the DXY will have a small rebound from 90.40 before the price continues its path down…
US Oil Swing Trade in Profit + Dollar Falls on NFP
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's Non-Farm Payroll release did not disappoint as the US Economy was able to add 49,000 jobs and drop unemployment to 6.3%. Despite the positive result, the Dollar finds itself down -0.57% for the day.
Traders should not put too much…