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Dollar Faces Bearish Pressure + Crude Oil Swing Trade

Dollar Faces Bearish Pressure + Crude Oil Swing Trade

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The Dollar is down 0.30% to start the first week of October as bearish pressure continues. Conversely, Crude Oil prices are looking to edge higher after breaking this year's high. The US Dollar Index (DXY) was able to print a bullish hammer…
Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

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The US Dollar Index continues its tear higher as bulls push past 94.000. As a result, GBPUSD swing shorts have become active for traders. The first hurdle for Dollar bulls was resistance near 94.100. Bulls were able to push and close bullish…
Bitcoin Turns Bullish as Summer Ends + Dollar Turns Bearish Before NFP

Bitcoin Turns Bullish as Summer Ends + Dollar Turns Bearish Before NFP

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After a down summer, Bitcoin is looking to end summer on a bullish note. Meanwhile, a day before the NFP release, the Dollar is looking bearish despite positive forecasts. Bitcoin has started September on a positive foot as the price looks…
Dollar to Visit 92.500, AUDUSD Looks to Complete a Range Fill

Dollar to Visit 92.500, AUDUSD Looks to Complete a Range Fill

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The Dollar is expected to continue its bearish sentiment from last week as the Thprice eyes 92.500. Meanwhile, similar to NZDUSD, AUDUSD is looking to fill out its range. The US Dollar Index (DXY) spent 80% of last week under pressure bearish.…
DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

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The 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…
+120 Pips from Gold + EURUSD Longs?

+120 Pips from Gold + EURUSD Longs?

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As the Dollar heads lower, Gold longs continue to surge into profit. With that in mind, traders can also look to long EURUSD as it hints at another rally. Price action analysis completed on Gold yesterday suggested that the price was ready…
Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

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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 Surges After Powell's Speech - Time for a Reversal?

Dollar Surges After Powell's Speech - Time for a Reversal?

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After a slow start to the week, the markets are thriving after Powell's speech earlier today. The Dollar is up 0.73% for the day and is expected to push higher. Powell's speech hinted at the further reopening of the US economy which would…
DXY to 91.90? + USDJPY Swing Long Priming

DXY to 91.90? + USDJPY Swing Long Priming

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The Dollar has some life to it as the DXY is up +0.50% for the day. The next target may be 91.90 leaving the door open for USDJPY longs. For the past six weeks, the DXY has been capped by 91.00. Price was able to push up to this level on…
NZDUSD Profits + GBPJPY Long

NZDUSD Profits + GBPJPY Long

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Since yesterday, the US Dollar Index has gone from giving signs of weakness to surging strongly to the upside. Despite the DXY failing to meet 91.00, the brief bullishness allowed traders to cash in on shorts for the majors. One major that…