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Dollar Surges as Fed Hints at Further Rate Hikes Until 2024
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis 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…
Forex Major Shorts as US Dollar Index Rebounds from 93.170
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders can look to possibly short the Forex majors as the Dollar rebounds from the key level of 93.170 a day before the FOMC press conference.
After attaining 93.430, the US Dollar completed a pullback to 93.170. This was level was an important…
DXY Pushes Higher on Positive Sales Data + Pending Shorts for AUDUSD
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar 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…
+230 Pips from Oil Longs + Bitcoin Bulls Set to Rally to $50,000
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders are up +230 pips of profit for crude oil as price begins a new rally after a period of consolidation. Meanwhile, Bitcoin has begun a bullish rally as price charges to $50,000.
The yearly high for crude oil is at $77 per…
Dollar Back to 92.500 + Bitcoin Shorts if Price Breaches 44,000
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter ending last week on a bullish note, the Dollar is once again at 92.500. Meanwhile, Bitcoin is under severe pressure as bears look to push below $44,000.
The US Dollar Index printed a hammer on the daily timeframe for Friday. However,…
USDCHF Intraday Profits + AUDJPY Shorts Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisTraders who took intraday shorts for USDCHF yesterday are in profit as the price looks to revisit the range low. To finish off the week, traders are now looking to short AUDJPY.
Price action analysis completed on USDCHF indicated that price…
Bitcoin Plunges on El Salvador Adoption + Dollar En Route to 92.750
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a bullish weekend, Bitcoin dropped as low as 17% today in light of the news from El Salvador. Meanwhile, Dollar bulls look to push price back to 92.750.
El Salvador has just become the first country to be the legal tender of Bitcoin.…
Bitcoin Turns Bullish as Summer Ends + Dollar Turns Bearish Before NFP
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a down summer, Bitcoin is looking to end summer on a bullish note. Meanwhile, a day before the NFP release, the Dollar is looking bearish despite positive forecasts.
Bitcoin has started September on a positive foot as the price looks…
Dollar Dives on Poor ADP Report + Pending Long for GBPUSD
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter brief bullishness yesterday, the US Dollar is headed lower after a poor ADP job report. As a result, traders can look for potential longs for GBPUSD.
Today's ADP job released reported only 374,000 jobs added versus the forecast of …
+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…