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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…
Bitcoin Reaches May's High + Ethereum to $4,400
Forex Trading Analysis, Live Trading Room, Technical AnalysisBitcoin continues its bullish rally as the price met May's high yesterday. Ethereum is starting to gain momentum too as the price aims to reach this year's high of $4,400.
Price has been bullish for Bitcoin for much of this week as the price…
+150 Pips from Ethereum Long + Dollar Neutral at 92.500
Forex Trading Analysis, Live Trading Room, Technical AnalysisOur traders are enjoying their profits from Ethereum as the trade is up +150 pips of profit. Meanwhile, the US Dollar Index (DXY) is showcasing mixed price action at the key level of 92.500.
Approximately two weeks ago, price action traders…
US Dollar Slips Lower + Cryptos Face Pressure From Bears
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a dominant showing last week, the US Dollar Index (DXY) opens up the week with serious pressure applied by the bears. On the other hand, crypto markets continue to see major shorts as cryptos go on to make new lows.
After a slow start…
DXY Back Above 90.00 + Cryptos in a Bear Market
Forex Trading Analysis, Live Trading Room, Technical AnalysisAgainst all odds, the US Dollar Index has managed to peek its head above 90.00. The crypto market is officially in a bear market as coins across the board reach new yearly lows.
After a convincing break on Monday, the Dollar has managed to…
Ethereum Hits Target + AUDUSD Longs in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday marks the fourth consecutive day this week where cryptos such as Ethereum continue to push against the US Dollar. With the Dollar set to go lower, majors such as AUDUSD are also pushing into profit.
Earlier this week, price action analysis…