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Crude Oil Trade in Profit + Gold Longs Delayed Until Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisDespite bullish ADP and Non-Farm Payroll numbers, the Dollar has it's being pressured by bears once again to close the week. Oil longs are in profit and Gold is looking to give traders entry next week.
For much of the week, price action traders…
Dollar Rejects 90.00, Gold and Oil Moments Away From Entry!
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) has once again rejected 90.00 after a brief visit. With that in mind, Gold and Crude (Oil) are both looking to push higher against the weaker Dollar.
The past 4-6 weeks have been a struggle for the Dollar as the…
Crude Oil Longs Pending + Dollar Looks to Revisit 90.00
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index has once gained pushed back in an attempt to reach 90.00. Meanwhile, Crude (Oil) is set to push to new highs as economies reopen up globally.
After reaching 89.700, the Dollar has reacted bullishly with a hammer as the…
Dollar Prints Doji + Gold and Oil Longs for Next Week?
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar ends the week off in indecision as price prints a doji candle. It seems to be a real possibility for traders to long both Gold and Crude (Oil) next week as both commodities approach this year's high.
For the past four weeks, the…
AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move
Forex Trading Analysis, Live Trading Room, Technical AnalysisWith the Dollar resisting a push lower, the Forex majors are stuck in a rut. The Forex minors are still thriving as traders look to short AUDNZD and long NZDJPY.
Despite making a new low for the month of May, the US Dollar is back fighting…
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…
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…
Ethereum Hits Target + AUDUSD Longs in Profit
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
Dollar to 92.500 + Majors Start to Slip
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…