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Bitcoin En Route to $70,000 + Ethereum Trade in Deep Profits
Forex Trading Analysis, Live Trading Room, Technical AnalysisBitcoin bulls are gaining momentum again as the price comes inches away from the all-time high. Ethereum bulls have pushed past this year's high and have officially created a new all-time high.
After spending the last three weeks in consolidation,…
Dollar Bulls Surge to 94.500 Resistance + AUDUSD Shorts to Range Low
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter consolidating for most of the week, the Dollar had enough bullish presence to make a run at 94.500. As a result, traders are seeking short for AUDUSD as the price presents bearish cues.
During the London session, Dollar bulls were able…
Ethereum Moments Away from $4,700 + Dollar in Heavy Consolidation
Forex Trading Analysis, Live Trading Room, Technical AnalysisEthereum bulls are picking up steam as the price is moments away from creating a new high at $4,700. Meanwhile, traders continue to observe a prolonged period of consolidation in the Dollar.
Yesterday, price action traders saw an optimal…
Dollar Slumps on Poor GDP Data + EURUSD Longs Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a week of consolidation, the Dollar is finally moving lower as it prints the lowest GDP in two years. As a result of this, traders could look at EURUSD extending higher.
This morning's US GDP came out at a two-year low of 2.0% versus…
CADCHF Finally Falls into Profit + Ethereum Inches Away From $4,400
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter almost a week of consolidation, CADCHF has finally started to fall into profit. Ethereum has begun its path to create a new all-time high as the price comes near $4,400.
CADCHF is finally showing momentum to the downside after the price…
EURNZD Shorts to 1.58600 + Bitcoin Set to Clear All Time High
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders have found a swing trade short for EURNZD that could lead to over +400 pips of profit. Meanwhile, Bitcoin is expected to clear the all-time high later today.
After failing to rebound from monthly support at 1.63250, bears…
Dollar Bears Pile on as Bullish Bitcoin Eyes All Time High
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis 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 Continues to Face Bearish Pressure + Oil Swing Longs as Demand Increases
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…