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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…
DXY Bulls Back on Table + BTC Longs!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a bearish week last week and starting this week on the same note, US Dollar bulls are showing some fight. Bitcoin is also set to push higher after creating the latest higher low.
Despite Powell's harsh comments about the US economy,…
Bearish US Sales Data, Dollar in a Limbo
Forex Trading Analysis, Live Trading Room, Technical AnalysisThis morning's US retail sales data came out much worse than expected, and traders could see further weakness in the Dollar as a result. Despite attempting another push higher, the Dollar is stuck in limbo.
The core retail sales data came…
BTC to 60,000 and Oil Longs Pending
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the Dollar tries a last-minute surge to the upside, many of the cryptos and commodities are extending their gains. Bitcoin to 60,000 looks fairly likely and Crude Oil longs are almost ready to go.
Earlier during the New York session, the…
US Dollar Selloff + US Oil to $77 Per Barrel
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter failing to bounce from 91.90, the US Dollar Index is set to fall lower. While the majors gain on the Dollar, US Oil is starting to set up for a perfect buy to $77 per barrel.
The Dollar is finding it rather hard to stay afloat despite…
EURUSD and USDCHF Swing Trades
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter solid job numbers and a stimulus bill finally decided upon, the US Dollar is thriving and is officially reversing to the upside.
As a result of the Dollar reaching new yearly highs, EURUSD is set to visit pre-pandemic levels. Price…
Dollar Recovery Likely + USDJPY Swing Long
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar is up for the day to start the Non-Farm Payroll week. Current forecasts suggest positive job numbers, which should lead to further upside for the Dollar.
Although the unemployment rate is expected to increase to 6.4%, the US economy…
+350 Pip Week + USDJPY Swing Trade
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother eventful and profitable week is in the books for traders. Due to the Dollar's ability to trend this week, many traders were able to rake in serious profits from both the majors and minors.
Last Friday's price action on the daily time…
GBPUSD Hits Target + EURUSD Range Breakout
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) has started to consolidate after reaching the 90.000 psychological level. The long-term trend is still down, so we expect further downside this week.
Price action traders entered GBPUSD longs last Friday and are…
GBPUSD in Profits + NZDJPY is Next!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs forecasted, the US Dollar Index has headed lower after clearing this week's low. Traders can expect further weakness for the Dollar throughout this week.
The signs of the Dollar's demise were present last Friday. In addition to the bullish…