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Dollar Bears Pile on as Bullish Bitcoin Eyes All Time High

Dollar Bears Pile on as Bullish Bitcoin Eyes All Time High

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The long-term uptrend for the Dollar is in jeopardy as bears continue to apply pressure. Meanwhile, Bitcoin bulls are storming higher within arms reach of the all-time high. After starting a bullish uptrend back in June, the Dollar is starting…
Mixed Non-Farm Payroll Result + Crypto Markets Pullback Before Next Leg Up

Mixed Non-Farm Payroll Result + Crypto Markets Pullback Before Next Leg Up

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This month's Non-Farm Payroll (NFP) release was mixed as the unemployment rate dropped but jobs added were far less than the forecast. Meanwhile, many popular cryptos are pulling back before the next leg up. This morning was the NFP and the…
Dollar Set to Reject 94.125 + Ethereum Longs to $4,000

Dollar Set to Reject 94.125 + Ethereum Longs to $4,000

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After a steep pullback, Dollar bulls are set to reject 94.125 and make a run for last week's high. As Bitcoin begins to surge, Ethereum bulls are looking to rally to $4,000. A day before the Non-Farm Payroll (NFP) release, Dollar bulls are…
Bitcoin to $65,000 + EURUSD Swing Shorts in Profit

Bitcoin to $65,000 + EURUSD Swing Shorts in Profit

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Bitcoin bulls are back with momentum as price initiates another bull rally. Meanwhile, EURUSD swing shorts have entered profit after a brief period of consolidation. It was a fairly gloomy summer as Bitcoin went as low as $30,000 for a brief…
Dollar Continues to Face Bearish Pressure + Oil Swing Longs as Demand Increases

Dollar Continues to Face Bearish Pressure + Oil Swing Longs as Demand Increases

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The 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 Faces Bearish Pressure + Crude Oil Swing Trade

Dollar Faces Bearish Pressure + Crude Oil Swing Trade

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The Dollar is down 0.30% to start the first week of October as bearish pressure continues. Conversely, Crude Oil prices are looking to edge higher after breaking this year's high. The US Dollar Index (DXY) was able to print a bullish hammer…
Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

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Crude oil prices are looking to edge higher as bulls erase the previous move created by bears in the market. Meanwhile, the US Dollar is stuck as a tug-of-war occurs in the market. After attaining the yearly high of $77 per barrel, Oil had…

+160 Pips from Gold and Dollar Bears Reject 93.430

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Price action traders are up almost +200 pips of profit after entering short for Gold yesterday. Despite Powell's optimistic comments, bears have regained control of the Dollar. Prior to the FOMC rate statement, Gold was presenting bearish…
Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

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This afternoon's FOMC rate statement and economic projection presser resulted in a bullish response for the Dollar as further rate hikes are likely until 2024. The Federal Reserve discussed the possibility of 6 to 7 interest rate hikes until…
DXY Pushes Higher on Positive Sales Data + Pending Shorts for AUDUSD

DXY Pushes Higher on Positive Sales Data + Pending Shorts for AUDUSD

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Dollar bulls are thriving today after the US printed stellar sales data during the New York trading session. With that in mind, traders are looking to short AUDUSD as the price breaks its range lows. This morning's sales data came out at…