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Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD.
After clearing last week's low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750.…
AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move
Forex Trading Analysis, Live Trading Room, Technical AnalysisWith 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 Back on Table + DXY Set to Fall Again
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement.
The US Dollar…
+150 Pips from GBPUSD + USDJPY Shorts
Forex Trading Analysis, Live Trading Room, Technical AnalysisOver the weekend, the US Dollar Index (DXY) was able to close bearish below 91.400. With this move, we should expect further Dollar weakness and for USDJPY to push lower.
As a result of the weaker Dollar, GBPUSD buys from last week have extended…
Dollar Retraces and Forex Majors Rise Once Again
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a bullish start to the week, the US Dollar Index (DXY) has found itself down -0.38% for the day. The daily closed as a shooting star, which may hint at further upside moves for the majors.
The high of the week for the DXY was just short…
EURUSD & NZDUSD Shorts + Bullish Dollar
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the US Dollar Index (DXY) continues to climb, many of the majors such as EURUSD and NZDUSD continue to fall. Both pairs are providing great setups to the downside.
The Dollar seems to be creating a new high every day of this week. This…
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…
DXY to 90.50, AUDJPY Swing Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter being shorted for much of the week, the US Dollar Index (DXY) is expected to retrace back to 90.50 before possibly continuing its path lower.
Price action analysis of the Dollar is suggesting that the current downtrend may be put on…
Manufacturing Data and USD Strength + GBPUSD Priming for Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's Philly Fed manufacturing data came out exceptionally well, as the data printed a result of 26.5 versus the forecast of 11.2. Despite this result, the Dollar has found itself down 0.42%.
As expected, the long-term downtrend for the…
DXY Bullish for Now + AUDUSD Ready to Launch
Forex Trading Analysis, Live Trading Room, Technical AnalysisSince yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected.
Candlestick analysis indicates a potential rebound from 89.88 as…