EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower

, ,
The Dollar starts this week off by closing bearish below 90.00 for the fourth time this month. This move has poised EURUSD to push higher and USDCHF to head lower. With continued pressure from the bears, the US Dollar Index has once again…
Markets Moving Choppy But USDCHF and USDCAD Should Drop

Markets Moving Choppy But USDCHF and USDCAD Should Drop

, ,
The markets have for the most part spent much of May in disarray. Despite the erratic behavior of the Dollar, both USDCHF and USDCAD should drop next week. After the Dollar created a low at the start of the week near 89.700. After which price…
USDCHF Short Profits + DXY Resumes Downtrend

USDCHF Short Profits + DXY Resumes Downtrend

, ,
The 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…
DXY Back Above 90.00 + Cryptos in a Bear Market

DXY Back Above 90.00 + Cryptos in a Bear Market

, ,
Against all odds, the US Dollar Index has managed to peek its head above 90.00. The crypto market is officially in a bear market as coins across the board reach new yearly lows. After a convincing break on Monday, the Dollar has managed to…
USDCHF and USDCAD Shorts Ready as Dollar Drops

USDCHF and USDCAD Shorts Ready as Dollar Drops

, ,
As we get into the midst of the trading week, the Dollar has chosen its path and so have many of the majors. A weaker Dollar should lead other currencies such as the Swiss Franc and Canadian Loonie to edge higher. The US Dollar Index has…
Dollar to Visit 90.00 + Cryptos in Bear Market?

Dollar to Visit 90.00 + Cryptos in Bear Market?

, ,
The Dollar is looking to revisit the key 90.00 psychological level as bears take control once again. In comparison, the crypto market is also shifting into a bear phase as Bitcoin drops below 45,000 for the first time in months. After last…
Dollar Bears are Back, Bitcoin and Ethereum Longs Entered

Dollar Bears are Back, Bitcoin and Ethereum Longs Entered

, ,
After spending most of the week (except for Wednesday) stuck in a slumber, the US Dollar has woken up on the last trading day of the week. Meanwhile, the crypto markets are showing signs of bullishness after a slow start to May. The daily…
Dollar Stuck Below 90.850 + Bitcoin Lies Below 50,000

Dollar Stuck Below 90.850 + Bitcoin Lies Below 50,000

, ,
After 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

DXY Consolidates, Push Needed for AUDUSD and Gold Longs

, ,
As 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…
DXY at 90.00 + USDCAD and USDJPY Shorts Pending

DXY at 90.00 + USDCAD and USDJPY Shorts Pending

, ,
The US Dollar Index (DXY) has officially reached 90.00 which was the low made to start the new year. With further bearishness expected, traders can expect both USDCAD and USDJPY to push lower. Since May of this year, the Dollar has begun…