Posts

GBPUSD and Gold Longs for Next Week

GBPUSD and Gold Longs for Next Week

, ,
The Dollar's demise had provided a great trading week in both the Forex and Crypto markets. With further downside expected for the Dollar, one can expect this week's trends to continue next week. The US Dollar Index (DXY) is almost at 91.400…
Ethereum Hits Target + AUDUSD Longs in Profit

Ethereum Hits Target + AUDUSD Longs in Profit

, ,
Today marks the fourth consecutive day this week where cryptos such as Ethereum continue to push against the US Dollar. With the Dollar set to go lower, majors such as AUDUSD are also pushing into profit. Earlier this week, price action analysis…
Ethereum Trade in Profit + Dollar Sells Continue

Ethereum Trade in Profit + Dollar Sells Continue

, ,
The US Dollar Index (DXY) continues to get bullied by bears as price approaches 91.400. In the meantime, Ethereum creates new highs while returning profits for price action traders. Yesterday's daily closure for the DXY was a significant…
Bearish Dollar + EURUSD and GBPUSD Longs

Bearish Dollar + EURUSD and GBPUSD Longs

, ,
The Dollar is most likely to continue its bearish trend this week as the price rests on the key 92.00 psychological level. With that in mind, traders can expect the Euro and Pound to rebound higher for the time being. After a bullish March,…
Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

, ,
After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year…
Dollar Retraces and Forex Majors Rise Once Again

Dollar Retraces and Forex Majors Rise Once Again

, ,
After a bullish start to the week, the US Dollar Index (DXY) has found itself down -0.38% for the day. The daily closed as a shooting star, which may hint at further upside moves for the majors. The high of the week for the DXY was just short…
USDJPY Longs + DXY Ready for Next Push Higher

USDJPY Longs + DXY Ready for Next Push Higher

, ,
As the US Dollar Index (DXY) continues its bullish ways, the Dollar is beginning to extend its gains against the Japanese Yen. In addition to shorting pairs like EURUSD, traders should also look to take longs for USDJPY and USDCAD. USDJPY…
EURUSD & USDCHF in Profit + More to Come

EURUSD & USDCHF in Profit + More to Come

, ,
As 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 & NZDUSD Shorts + Bullish Dollar

EURUSD & NZDUSD Shorts + Bullish Dollar

, ,
As the US Dollar Index (DXY) continues to climb, many of the majors such as EURUSD and NZDUSD continue to fall. Both pairs are providing great setups to the downside. The Dollar seems to be creating a new high every day of this week. This…
Dollar to 92.500 + Majors Start to Slip

Dollar to 92.500 + Majors Start to Slip

, ,
After creating a range on the hourly time frame, the US Dollar Index was able to finally close bullish above 91.950. With that being said, the Forex majors should begin to head lower. The Dollar has been quite elusive these past few weeks…