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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 Bears Push Price Back to 94.125 + Bitcoin En Route to $50,000

Dollar Bears Push Price Back to 94.125 + Bitcoin En Route to $50,000

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After a bullish end to September, bears are applying their pressure on the Dollar as the price revisits 94.125. Conversely, Bitcoin bulls are looking to attain $50,000. The US Dollar Index (DXY) was able to close bullish on the monthly as…
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…
Dollar Bullish Heading into October + Pending Swing Shorts for EURUSD

Dollar Bullish Heading into October + Pending Swing Shorts for EURUSD

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The Dollar is thriving as price breaks this year's high and is set to close bullish on the monthly time frame. As a result, a possible swing trade for EURUSD has become available. With only a few days remaining in September, the Dollar is…
Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

Pending Swing Trade for US Oil + US Dollar Neutral as Bulls and Bears Fight

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Crude oil prices are looking to edge higher as bulls erase the previous move created by bears in the market. Meanwhile, the US Dollar is stuck as a tug-of-war occurs in the market. After attaining the yearly high of $77 per barrel, Oil had…

+160 Pips from Gold and Dollar Bears Reject 93.430

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Price action traders are up almost +200 pips of profit after entering short for Gold yesterday. Despite Powell's optimistic comments, bears have regained control of the Dollar. Prior to the FOMC rate statement, Gold was presenting bearish…
Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

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After a poor CPI report, Dollar bulls seem unfazed as they look to drive prices higher. As a result, EURUSD looks to head lower after creating a new lower high. Today's CPI report came out worse than forecasted as the result was 0.3% versus…
Dollar Back to 92.500 + Bitcoin Shorts if Price Breaches 44,000

Dollar Back to 92.500 + Bitcoin Shorts if Price Breaches 44,000

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After ending last week on a bullish note, the Dollar is once again at 92.500. Meanwhile, Bitcoin is under severe pressure as bears look to push below $44,000. The US Dollar Index printed a hammer on the daily timeframe for Friday. However,…
USDCHF Intraday Profits + AUDJPY Shorts Entered

USDCHF Intraday Profits + AUDJPY Shorts Entered

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Traders who took intraday shorts for USDCHF yesterday are in profit as the price looks to revisit the range low. To finish off the week, traders are now looking to short AUDJPY. Price action analysis completed on USDCHF indicated that price…
Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

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As predicted by price action, the Dollar made a quick rally to 92.750. However, the price is looking to reject this zone and head lower. Traders are now seeking intraday shorts for USDCHF. Dollar bulls made a statement yesterday as bulls…