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US Oil Up +150 Pips and a Potential Short for USDCAD

US Oil Up +150 Pips and a Potential Short for USDCAD

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Another trading week, another week that US Oil sets to push higher. Price action traders are looking to short USDCAD as this pair tends to be negatively correlated with Oil. US Oil was able to create a new yearly highly just short of 71.80…
US Oil in Further Profits + Gold Longs Set for Entry

US Oil in Further Profits + Gold Longs Set for Entry

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The Dollar is continuing its push lower which it started after last Friday's Non-Farm Payroll release. With that move in mind, traders could see Oil surge into further profits and Gold longs develop. Price action traders were able to enter…
This is the real secret of life - to be completely engaged with what you are doing in the here and now. And instead of calling it work, realize it is play.

Crude Oil Trade in Profit + Gold Longs Delayed Until Next Week

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Despite bullish ADP and Non-Farm Payroll numbers, the Dollar has it's being pressured by bears once again to close the week. Oil longs are in profit and Gold is looking to give traders entry next week. For much of the week, price action traders…
Dollar Surges on ADP Job Report + Oil Longs Pending Entry

Dollar Surges on ADP Job Report + Oil Longs Pending Entry

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The US Dollar Index (DXY) is up 0.65% for the day as the ADP job numbers came out better than expected. Despite this, Crude (Oil) is gearing up for an entry long. This morning ADP job numbers came out at 978,000 versus the forecast of 645,000.…
Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!

Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!

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The 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…
Crude Oil Longs Pending + Dollar Looks to Revisit 90.00

Crude Oil Longs Pending + Dollar Looks to Revisit 90.00

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The US Dollar Index has once gained pushed back in an attempt to reach 90.00. Meanwhile, Crude (Oil) is set to push to new highs as economies reopen up globally. After reaching 89.700, the Dollar has reacted bullishly with a hammer as the…
Dollar Prints Doji + Gold and Oil Longs for Next Week?

Dollar Prints Doji + Gold and Oil Longs for Next Week?

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The Dollar ends the week off in indecision as price prints a doji candle. It seems to be a real possibility for traders to long both Gold and Crude (Oil) next week as both commodities approach this year's high. For the past four weeks, the…
AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move

AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move

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With the Dollar resisting a push lower, the Forex majors are stuck in a rut. The Forex minors are still thriving as traders look to short AUDNZD and long NZDJPY. Despite making a new low for the month of May, the US Dollar is back fighting…
EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

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The Dollar starts this week off by closing bearish below 90.00 for the fourth time this month. This move has poised EURUSD to push higher and USDCHF to head lower. With continued pressure from the bears, the US Dollar Index has once again…
USDCHF Short Profits + DXY Resumes Downtrend

USDCHF Short Profits + DXY Resumes Downtrend

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The US Dollar Index (DXY) was only able to stay bullish for a day before caving under the pressure from bulls. As a result, shorts for USDCHF have entered into profit. After yesterday's brief resurgence, the Dollar is once again on the path…