Traders can look to possibly short the Forex majors as the Dollar rebounds from the key level of 93.170 a day before the FOMC press conference. After attaining 93.430, the US Dollar completed a pullback to 93.170. This was level was an important resistance in the previous quarter. The current daily candle is a bearish […]
Despite an impressive rally last week, the Dollar has fallen short of meeting August’s high. Meanwhile, crypto traders are watching Bitcoin as the price breaks below $44,000 for its third time this month. The Dollar was able to breach above 93.000 over the weekend and meet the key level of 93.430. Since then, bears were […]
Dollar bulls are thriving today after the US printed stellar sales data during the New York trading session. With that in mind, traders are looking to short AUDUSD as the price breaks its range lows. This morning’s sales data came out at 1,8% versus a forecast of -0.1%. This is a substantial improvement from the […]
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 barrel. This was the target for traders once price broke […]
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 the forecast of 0.4%. Traders saw the Dollar drop momentarily to […]
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, over the weekend price turned lower after rejecting a key zone near 92.750. […]
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 is most likely to revisit the range low. Bulls failed to clear the range […]
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 were able to take the price back to a key zone near 92.750. A […]
After a bullish weekend, Bitcoin dropped as low as 17% today in light of the news from El Salvador. Meanwhile, Dollar bulls look to push price back to 92.750. El Salvador has just become the first country to be the legal tender of Bitcoin. Most analysts believe such news would lead to a surge in […]
After a down summer, Bitcoin is looking to end summer on a bullish note. Meanwhile, a day before the NFP release, the Dollar is looking bearish despite positive forecasts. Bitcoin has started September on a positive foot as the price looks to breach August’s high. Most of the losses faced by Bitcoin occurred during the […]