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+230 Pips from Oil Longs + Bitcoin Bulls Set to Rally to $50,000

+230 Pips from Oil Longs + Bitcoin Bulls Set to Rally to $50,000

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Price action traders are up +230 pips of profit for crude oil as price begins a new rally after a period of consolidation. Meanwhile, Bitcoin has begun a bullish rally as price charges to $50,000. The yearly high for crude oil is at $77 per…
USDCAD Looks to Head Lower and US Oil Targets Yearly High

USDCAD Looks to Head Lower and US Oil Targets Yearly High

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The Dollar is looking bearish to start the week and as a result, USDCAD is also looking to head lower. Conversely, US Oil is gearing up for a rally to this year's high. Traders should expect the Dollar to revisit 92.00 at some point this…
US Oil Longs and USDCAD Shorts For Next Week

US Oil Longs and USDCAD Shorts For Next Week

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After last week's theatrics, the US Dollar Index (DXY) is back in a range. Regardless of that, US Oil sets to push to new yearly highs and USDCAD looks to fall lower. After creating a new yearly high at $74 per barrel, US Oil took a bit of…
Dollar Prints Doji + Gold and Oil Longs for Next Week?

Dollar Prints Doji + Gold and Oil Longs for Next Week?

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The Dollar ends the week off in indecision as price prints a doji candle. It seems to be a real possibility for traders to long both Gold and Crude (Oil) next week as both commodities approach this year's high. For the past four weeks, the…
US Oil Hits $62 Per Barrel + GBPUSD Longs

US Oil Hits $62 Per Barrel + GBPUSD Longs

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After briefly pushing above 91.00, the Dollar has found itself on the way back down to 90.50. As a result, many of the majors should resume their gains against the Dollar. Price action traders entered a swing long position for US Oil on February…
AUDJPY Swing Long + US Oil Above $60 Per Barrel

AUDJPY Swing Long + US Oil Above $60 Per Barrel

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After the long weekend, the Dollar has come out with a punch of its own as price attempts to clear last week's high. It's too early to decide if bullishness is here to stay for the Dollar, so traders are shifting their focus to AUDJPY and US…
US Oil Almost at $60 + GBPJPY Long for Next Week (edited)

US Oil Almost at $60 + GBPJPY Long for Next Week

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The lack of fundamentals this week allowed traders to take full advantage of the charts without worrying too much about unexpected noise. In addition, pairs like GBPJPY are setting up for longs that can be taken next week. Amidst all the…
+200 Pips From Major Trades, More on the Way

+200 Pips From Major Trades, More on the Way

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As the US Dollar Index (DXY) makes its way down to 90.00, traders are securing profits from trades against the Dollar. Price action analysis indicates that the DXY will have a small rebound from 90.40 before the price continues its path down…
USDJPY Intraday Short + US Oil in Deep Profits

USDJPY Intraday Short + US Oil in Deep Profits

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As expected, the US Dollar Index has found itself below 91.000. If the daily can close below this level, traders may see further Dollar weakness. After last Friday's bullish NFP results, the Dollar has continued its selloff. Price made a…
US Oil Swing Trade in Profit + Dollar Falls on NFP

US Oil Swing Trade in Profit + Dollar Falls on NFP

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Today's Non-Farm Payroll release did not disappoint as the US Economy was able to add 49,000 jobs and drop unemployment to 6.3%. Despite the positive result, the Dollar finds itself down -0.57% for the day. Traders should not put too much…