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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…
Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

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Dollar 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.…
Dollar Faces Bearish Pressure + Crypto Bulls Respond

Dollar Faces Bearish Pressure + Crypto Bulls Respond

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A new week presents new challenges for the Dollar as bears take control. Crypto bulls aren't backing down as bulls respond to weeks of bearish pressure. After failing to make a new higher high last week, the Dollar has found itself within…
Dollar Bulls Try to Push Higher + US Oil Long Trade Setup

Dollar Bulls Try to Push Higher + US Oil Long Trade Setup

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After bears took the Dollar past below 92.750, bulls in the market are trying to respond. Meanwhile, US Oil (Crude) prices look to rebound higher back to the yearly high. The Dollar suffered immense bearish pressure during the London session…
Dollar Looks to find Support at 92.750 + BTCUSD Intraday Shorts to 30,000

Dollar Looks to find Support at 92.750 + BTCUSD Intraday Shorts to 30,000

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The Dollar is facing heavy pressure from bears after creating a new high for the week. Meanwhile, Bitcoin has made an impulse move higher that may provide traders with shorts back down to 30,000. After creating a new high near 93.200, the…
+100 Pips from AUDUSD and AUDJPY Shorts are Pending

+100 Pips from AUDUSD and AUDJPY Shorts are Pending

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Price action traders are up +100 pips on their AUDUSD shorts and now they have their eyes set on possible shorts for AUDJPY. After spending six days in consolidation, traders are finally seeing AUDUSD head to the downside. Price had a brief…
Positive Retail Sales Data Boosts Dollar and AUDUSD Hits First Target

Positive Retail Sales Data Boosts Dollar and AUDUSD Hits First Target

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Today's US core retail sales data gave the Dollar a much-needed boost and many majors such as AUDUSD are heading lower as a result. This morning's core retail sales came out at 1.3% versus the forecast of 0.4%. The sales data came out at…
Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

Bitcoin Trade Hits Intrday Target + AUDUSD Shorts in Profit

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Price action traders are enjoying swift profits from their Bitcoin trade as their AUDUSD trade was from last week goes into profit. Yesterday, Bitcoin printed a bullish hammer off support near $31,500. This candle is known to hint at further…