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Gold and Ethereum Longs as Dollar Pullsback from 93.170
Forex Trading Analysis, Live Trading Room, Technical AnalysisGold 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…
NZDUSD Hits Final Target + Dollar Resumes Path to 93.430
Forex Trading Analysis, Live Trading Room, Technical AnalysisPrice action traders are enjoying their longs for NZDUSD as the price has hit all respective targets. More moves are on the way in the market as the Dollar is ready to push to 93.430.
Last Friday, price action traders witnessed a bullish…
DXY Resumes Push Lower + Gold Eyes 1911 for Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a quick surge to start last Friday, the US Dollar Index is back below 90.00 and hopefully looking to push lower. As a result, Gold (XAUUSD) is setting up its next leg higher.
The month of May was not too kind to traders as the Dollar…
USDCHF Short Profits + DXY Resumes Downtrend
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) was only able to stay bullish for a day before caving under the pressure from bulls. As a result, shorts for USDCHF have entered into profit.
After yesterday's brief resurgence, the Dollar is once again on the path…
Dollar Stuck Below 90.850 + Bitcoin Lies Below 50,000
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter yesterday's positive CPI news, the US Dollar Index (DXY) has found itself stuck below 90.850. Additionally, the crypto markets are also in a slumber as Bitcoin finds itself below 50,000.
The Dollar had a great trading day yesterday…
DXY Consolidates, Push Needed for AUDUSD and Gold Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the trading week progresses, the US Dollar Index (DXY) is finding itself some support at 90.00. Pending trade setups for AUDUSD and Gold will only become active once the Dollar pushes below this level and respects the long-term downtrend.
Although…
Gold Trade in Profit After Lackluster NFP Job Numbers
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's Non-Farm Payroll (NFP) job numbers were certainly worse than anticipated and the US Dollar Index (DXY) has shown that on the charts. With technical and fundamental pressure from bears, we expect a weaker Dollar in the coming weeks and…
Gold Longs Setting up as Dollar Resumes Drop
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) is set to resume its push lower as price spent much of the week in consolidation. As a result, the Forex majors and as well as commodities like Gold should push higher.
After creating a mini range between 91.150…
EURUSD Longs Back on Table + DXY Set to Fall Again
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement.
The US Dollar…
+120 Pips from Gold + EURUSD Longs?
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the Dollar heads lower, Gold longs continue to surge into profit. With that in mind, traders can also look to long EURUSD as it hints at another rally.
Price action analysis completed on Gold yesterday suggested that the price was ready…