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Gold & Crypto to Drop + DXY Remains Bullish
Forex Trading Analysis, Live Trading Room, Technical AnalysisSurprise NFP data reporting was less than expected for US Employment Change, most notably was that the jobless rate data came in less than forecast at 4.2 to help balance things out. Despite this, we are sticking with our price narrative that it should continue higher on the DXY. We will be looking for ( […]
All Eyes on DXY ahead of NFP + Majors, GOLD & OIL targets hit.
Forex Trading Analysis, Live Trading Room, Technical AnalysisAll eyes are on DXY. Unemployment claims come in below expected, and a robust recovery is on track. We remain reserved on a higher DXY ahead of tomorrows NFP report. For this reason, much of our analysis for DXY, EURUSD, GBPUSD, AUDUSD, and NZDUSD remains the same as yesterday (we have been developing for this […]
Smart Money Ready for More BTC Bears + Oil Expected to Keep Going Down
Forex Trading Analysis, Live Trading Room, Technical AnalysisADP NFP came in above as expected, and we should see similar (if not a larger) deviation from forecast on Fridays NFP, which correlates to a move that Smart Money is watching on a bullish DXY. We have been using these pullbacks to find better entries and increase positions. We currently have pending orders for […]