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Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisDollar 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 Continues to Consolidate and Potential Shorts for USDCAD
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is once again stuck in its consolidated ways and that has been the sentiment for almost two months now. Despite this, traders may have a short setup for USDCAD.
For the third straight day this week, the Dollar is…
Dollar Bears are Back and Majors Set to Rise!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…
DXY Bullish for Now + AUDUSD Ready to Launch
Forex Trading Analysis, Live Trading Room, Technical AnalysisSince yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected.
Candlestick analysis indicates a potential rebound from 89.88 as…
Pfizer Vaccine Revives US Dollar
Forex Trading Analysis, Live Trading Room, Technical AnalysisIn today's live trading session, we went over the current status of the US Dollar Index (DXY) and the Forex majors.
Last week the media announced that Joe Biden had won the 2020 US Election. This announcement resulted in the selling of the…
Potential Reversal for the US Dollar Index (DXY)
Forex Education, Forex Trading Blog, Live Trading RoomThe DXY (US Dollar Index) has been in an uptrend over the last few months, but when we come to the dates of June 22nd - July 7th, we find turning points in markets. The behaviour is for markets to correct and/or reverse trends during this time…