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US Dollar Selloff + US Oil to $77 Per Barrel

US Dollar Selloff + US Oil to $77 Per Barrel

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After 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…
Dollar to Rebound From 91.90? Majors Rise

Dollar to Rebound From 91.90? Majors Rise

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The Dollar is in a tough spot as sellers continue to force the index lower. A possible area where the DXY can rebound is 91.900. If it fails to do this, we can see many majors start to rise once again. After the passing of the 1.9 trillion…
DXY Retraces, More Upside Expected

DXY Retraces, More Upside Expected

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After a surge to open up the trading week, the US Dollar Index has retraced considerably. Currently, price is resting at 90.900 with price action suggesting another push to the upside. As far as technical analysis is concerned, the US Dollar…
EURUSD and USDCHF Swing Shorts

EURUSD and USDCHF Swing Trades

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After 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…
USDCHF and US Oil Ready to Move HIgher (edited)

USDCHF and US Oil Ready to Move Higher

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As expected, today's Non-Farm Payroll release was positive and as a result, the Dollar is continuing its uptrend. With the Dollar continuing its push higher, USDCHF is also following its tracks. USDCHF has been on a downtrend since May 2019,…
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…

Predictions for NFP + GBPUSD Swing Long

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This morning was the release of the ADP job numbers for the US economy. The result was the addition of 117,000 jobs versus the forecast of 203,000. This result led to only a small dip in the Dollar. Current forecasts for this Friday's NFP…

EURUSD & GBPUSD Intraday Longs

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Further US Dollar upside appeared fairly promising yesterday, but selling pressure has pushed the Dollar back below 91.00. As a result, the current daily candle is a shooting star, suggesting further downside for the Dollar. The US Dollar…
Dollar Recovery Likely + USDJPY Swing Long

Dollar Recovery Likely + USDJPY Swing Long

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The 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

+350 Pip Week + USDJPY Swing Trade

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Another 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…