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Gold and Ethereum Longs as Dollar Pullsback from 93.170

Gold and Ethereum Longs as Dollar Pullsback from 93.170

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Gold and Ethereum prices are set to push higher as the Dollar pullback after attaining July's high. Price action traders will be looking to enter long after observing today's daily closure. Gold had a rough start to the trading week as bears…
Dollar Bulls Continue to 93.170 + GBPUSD Shorts Activated

Dollar Bulls Continue to 93.170 + GBPUSD Shorts Activated

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Bulls continue to dominate bears as the Dollar sets out to reach July's high. With bearish price action seen on GBPUSD, traders are entering short for GBPUSD. The US Dollar Index (DXY) has continued building on the momentum gained on last…
AUDUSD Shorts in Profit as Dollar Bulls Eye March High

AUDUSD Shorts in Profit as Dollar Bulls Eye March High

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Price action traders are in profit for their AUDUSD swing short as Dollar bulls continue their rally back to March's high fueled by last Friday's positive job report. A few weeks ago traders entered short for AUDUSD and were awarded +80 pips…
DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

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After ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow's NFP job report. The US Dollar Index had a rough time last week of July…
Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

Dollar Bulls Respond Despite Poor ADP, EURUSD and GBPUSD Shorts

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Despite only adding less than half of the forecasted amount of jobs, the Dollar is up for the day. As a result, traders are eyeing potential intraday shorts for EURUSD and GBPUSD. Today's ADP report reported an additional 330,000 jobs versus…
Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

Dollar Clings onto 92.00 + Ethereum Shorts Back to 1750

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After a bullish start to July, the Dollar has started off August by clinging onto support at 92.00. Meanwhile, Ethereum has turned bearish as price faces multiple days of selling pressure. Last week, the US Dollar Index (DXY) faced nearly…

US Oil +150 Pips in Profit, USDCAD Shorts Next!

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After yesterday's FOMC presser, market participants are looking to short the Dollar. As a result, US Oil is pushing higher into profit and USDCAD shorts are expected. Powell stated that although the economy is on track to meet its inflation…
Majors Await FOMC Presser + NZDUSD Shorts Commence

Majors Await FOMC Presser + NZDUSD Shorts Commence

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The Forex majors have spent much of the day awaiting the FOMC meeting minutes for more insight on the Dollar's trajectory. Meanwhile, shorts for NZDUSD are starting to play out as price revisits support at 0.69200. Today's FOMC conference…
Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

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Dollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD. After clearing last week's low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750.…
Dollar Faces Bearish Pressure + Crypto Bulls Respond

Dollar Faces Bearish Pressure + Crypto Bulls Respond

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A new week presents new challenges for the Dollar as bears take control. Crypto bulls aren't backing down as bulls respond to weeks of bearish pressure. After failing to make a new higher high last week, the Dollar has found itself within…