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Dollar Struggles at July's High + NZDUSD Looks to Break Key Support

Dollar Struggles at July's High + NZDUSD Looks to Break Key Support

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After ending last week bullish, Dollar bulls are starting to struggle at July's high. Meanwhile, NZDUSD bears are looking to push below for the first time this quarter. The US Dollar Index (DXY) is currently having a hard time breaching and…
Dollar Rallies After Poor Sales Data, AUDJPY Swing Shorts Have Been Activated

Dollar Rallies After Poor Sales Data, AUDJPY Swing Shorts Have Been Activated

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Despite a poor retail sales report, the US Dollar is up 0.55% for the day. Meanwhile, a long-awaited swing short for AUDJPY has finally become valid to enter. This morning the US economy report its retail sales data. Forecasts were bearish,…
Gold Trade up +120 Pips of Profit as Dollar Continues to Appear Bearish

Gold Trade up +120 Pips of Profit as Dollar Continues to Appear Bearish

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Gold is up 0.47% to start the trading week as the precious metal respected support amid a bearish Dollar. Price action traders are up +120 pips of profit with more profits to be expected. Last week's weekly closure for Gold was a bullish…
Gold Longs Activated as US Dollar Turns Abruptly Bearish

Gold Longs Activated as US Dollar Turns Abruptly Bearish

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Gold longs have been entered as the Dollar opened Friday with a sharp move down. A bearish trend is looking quite likely for the Dollar as the price fails to clear 93.170. Gold started the week off with a quick trip to 1679 as bears were…
Gold and Ethereum Longs as Dollar Pullsback from 93.170

Gold and Ethereum Longs as Dollar Pullsback from 93.170

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Gold and Ethereum prices are set to push higher as the Dollar pullback after attaining July's high. Price action traders will be looking to enter long after observing today's daily closure. Gold had a rough start to the trading week as bears…
AUDUSD Shorts in Profit as Dollar Bulls Eye March High

AUDUSD Shorts in Profit as Dollar Bulls Eye March High

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Price action traders are in profit for their AUDUSD swing short as Dollar bulls continue their rally back to March's high fueled by last Friday's positive job report. A few weeks ago traders entered short for AUDUSD and were awarded +80 pips…
DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

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After ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow's NFP job report. The US Dollar Index had a rough time last week of July…
Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

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Despite only adding less than half of the forecasted amount of jobs, the Dollar is up for the day. As a result, traders are eyeing potential intraday shorts for EURUSD and GBPUSD. Today's ADP report reported an additional 330,000 jobs versus…
Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

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After a bullish start to July, the Dollar has started off August by clinging onto support at 92.00. Meanwhile, Ethereum has turned bearish as price faces multiple days of selling pressure. Last week, the US Dollar Index (DXY) faced nearly…

US Oil +150 Pips in Profit, USDCAD Shorts Next!

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After yesterday's FOMC presser, market participants are looking to short the Dollar. As a result, US Oil is pushing higher into profit and USDCAD shorts are expected. Powell stated that although the economy is on track to meet its inflation…