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EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar starts this week off by closing bearish below 90.00 for the fourth time this month. This move has poised EURUSD to push higher and USDCHF to head lower.
With continued pressure from the bears, the US Dollar Index has once again…
Markets Moving Choppy But USDCHF and USDCAD Should Drop
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe markets have for the most part spent much of May in disarray. Despite the erratic behavior of the Dollar, both USDCHF and USDCAD should drop next week.
After the Dollar created a low at the start of the week near 89.700. After which price…
USDCHF Short Profits + DXY Resumes Downtrend
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) was only able to stay bullish for a day before caving under the pressure from bulls. As a result, shorts for USDCHF have entered into profit.
After yesterday's brief resurgence, the Dollar is once again on the path…
DXY Back Above 90.00 + Cryptos in a Bear Market
Forex Trading Analysis, Live Trading Room, Technical AnalysisAgainst all odds, the US Dollar Index has managed to peek its head above 90.00. The crypto market is officially in a bear market as coins across the board reach new yearly lows.
After a convincing break on Monday, the Dollar has managed to…
Dollar Bears are Back, Bitcoin and Ethereum Longs Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter spending most of the week (except for Wednesday) stuck in a slumber, the US Dollar has woken up on the last trading day of the week. Meanwhile, the crypto markets are showing signs of bullishness after a slow start to May.
The daily…
DXY Consolidates, Push Needed for AUDUSD and Gold Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the trading week progresses, the US Dollar Index (DXY) is finding itself some support at 90.00. Pending trade setups for AUDUSD and Gold will only become active once the Dollar pushes below this level and respects the long-term downtrend.
Although…
Gold Trade in Profit After Lackluster NFP Job Numbers
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's Non-Farm Payroll (NFP) job numbers were certainly worse than anticipated and the US Dollar Index (DXY) has shown that on the charts. With technical and fundamental pressure from bears, we expect a weaker Dollar in the coming weeks and…
Gold Longs Setting up as Dollar Resumes Drop
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is set to resume its push lower as price spent much of the week in consolidation. As a result, the Forex majors and as well as commodities like Gold should push higher.
After creating a mini range between 91.150…
US Oil Ready to Push Higher as Dollar Stagnates
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother day in the markets and another day the US Dollar Index is stuck in a range. While the Dollar decides on a direction, US Oil (Crude) is set to make a run at the high of the year.
There are days and even weeks at a time where the Dollar…
DXY Stuck Below 91.400 + Doge and Ethereum to New Highs
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar is stuck in a range between 90.850 and 91.400 and the price has attempted several times to push higher but has not been successful. Meanwhile, many of the popular cryptos are extending to new all-time highs.
After retesting 91.400…