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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…
Dollar Slumps on Poor GDP Data + EURUSD Longs Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a week of consolidation, the Dollar is finally moving lower as it prints the lowest GDP in two years. As a result of this, traders could look at EURUSD extending higher.
This morning's US GDP came out at a two-year low of 2.0% versus…
Dollar Bulls Attempt a Rally to 94.200 + Shiba Inu Back to 0.00009?
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar bulls are trying a desperation attempt at another rally after being held down by bears. Additionally, an altcoin that's gaining traction in Shiba Inu is looking to possibly revisit its all-time high.
After creating a new high for the…
Forex Major Shorts as US Dollar Index Rebounds from 93.170
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisDespite 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…
Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…
Dollar Back to 92.500 + Bitcoin Shorts if Price Breaches 44,000
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter ending last week on a bullish note, the Dollar is once again at 92.500. Meanwhile, Bitcoin is under severe pressure as bears look to push below $44,000.
The US Dollar Index printed a hammer on the daily timeframe for Friday. However,…
US Dollar to 92.750 with USDJPY Looking to Push Higher
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is seeing bulls come in at the right time as bears almost brought the price to 92.000. With this resurgence, USDJPY is looking to edge higher.
Yesterday's price action made it seem likely that the DXY would revisit…
USDJPY Swing Longs as Dollar Bulls Surge Price Higher
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders 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…
Dollar Continues to Consolidate and Potential Shorts for USDCAD
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is once again stuck in its consolidated ways and that has been the sentiment for almost two months now. Despite this, traders may have a short setup for USDCAD.
For the third straight day this week, the Dollar is…