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Gold and Ethereum Longs With Dollar Stuck in a Limbo
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter retesting and rejecting the previous low of 90.700, the US Dollar Index (DXY) is set to head lower. As a result, the majors, as well as commodities like Gold and Ethereum, should gain on the Dollar.
Although the US Dollar is headed…
Fed Keeps Stimulus Unchanged + Dollar Pushes Lower
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's FOMC press conference was fairly similar to the previous one where Fed Jerome Powell reiterated the dire situation due to the pandemic. With this briefing, the Dollar has pushed past below this week's low.
Powell did say the economy…
EURUSD Longs Back on Table + DXY Set to Fall Again
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement.
The US Dollar…
Major Longs For Next with Weaker Dollar Expected
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a few days of bouncing between 90.850 and 91.400, the US Dollar Index is set to head lower next week. As a result, traders should focus on longs for the major currency pairs.
To start the week, the Dollar made a deliberate push below…
+150 Pips from GBPUSD + USDJPY Shorts
Forex Trading Analysis, Live Trading Room, Technical AnalysisOver the weekend, the US Dollar Index (DXY) was able to close bearish below 91.400. With this move, we should expect further Dollar weakness and for USDJPY to push lower.
As a result of the weaker Dollar, GBPUSD buys from last week have extended…
EURUSD & USDCHF in Profit + More to Come
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs price action analysis predicted, both EURUSD and USDCHF trade setups are playing out as expected and in profit. With the Dollar uptrend remaining strong, more profits should be expected.
EURUSD has found itself down -0.37% today as the…
EURUSD & USDCHF Analysis with a Bullish Dollar
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother trading week, and another day that the Dollar has pushed higher. With that in mind, majors such as EURUSD and USDCHF should continue their current trends.
Last week the US Dollar Index (DXY) was able to close above one of the highs…
Dollar Ready for Next Push + Oil Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) ended the week by dropping lower to create a new higher low. Further upside should be seen next week. In addition, Crude Oil is ready to move higher.
It was a productive week for the Dollar as the price was able…
NZDCAD Profits + DXY To Extend Higher
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs predicted by price action analysis, NZDCAD is on its way lower. Both price action and smart money analysis also predicted a bullish Dollar which is what we are seeing today.
Price action traders are up around +80 pips for NZDCAD since…
DXY Back to Bearish Ways + NZDCAD Shorts?
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter giving bulls some hope to end last week, the Dollar is back on its way lower. As the DXY figures its self out, traders may look at trading the minors for the time being.
Despite hanging around 91.950 and numerous attempts to close bullish…