Dollar Retraces + Gold Longs Pending

Dollar Retraces + Gold Longs Pending

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The US Dollar Index (DXY) is expected to revisit 91.400 after the price had easily broken this level earlier in the week. While that move pans out, Gold (XAUUSD) is setting up for a potential long. This week marks the third straight week…
+150 Pips from GBPUSD + USDJPY Shorts

+150 Pips from GBPUSD + USDJPY Shorts

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Over the weekend, the US Dollar Index (DXY) was able to close bearish below 91.400. With this move, we should expect further Dollar weakness and for USDJPY to push lower. As a result of the weaker Dollar, GBPUSD buys from last week have extended…
GBPUSD and Gold Longs for Next Week

GBPUSD and Gold Longs for Next Week

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The Dollar's demise had provided a great trading week in both the Forex and Crypto markets. With further downside expected for the Dollar, one can expect this week's trends to continue next week. The US Dollar Index (DXY) is almost at 91.400…
Ethereum Hits Target + AUDUSD Longs in Profit

Ethereum Hits Target + AUDUSD Longs in Profit

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Today marks the fourth consecutive day this week where cryptos such as Ethereum continue to push against the US Dollar. With the Dollar set to go lower, majors such as AUDUSD are also pushing into profit. Earlier this week, price action analysis…
Ethereum Trade in Profit + Dollar Sells Continue

Ethereum Trade in Profit + Dollar Sells Continue

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The US Dollar Index (DXY) continues to get bullied by bears as price approaches 91.400. In the meantime, Ethereum creates new highs while returning profits for price action traders. Yesterday's daily closure for the DXY was a significant…
Coinbase Went Public - What Does this Mean for the Market?

Coinbase Went Public - What Does this Mean for the Market?

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Earlier this week Coinbase, one of the largest cryptocurrency platforms, went public on the Nasdaq. The company will be directly listed as $COIN and has an estimated valuation of $100 billion on the first trading day. This can only be perceived…
Dollar to Visit 91.400 + ETH Longs Entered

Dollar to Visit 91.400 + ETH Longs Entered

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As expected, the Dollar is set to continue the downtrend that was started at the end of March. While Forex pairs wait to start moving, Ethereum is ready to reach new highs. Price action analysis completed yesterday indicated that the US Dollar…
Dollar Bears are Back and Majors Set to Rise!

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Bearish Dollar + EURUSD and GBPUSD Longs

Bearish Dollar + EURUSD and GBPUSD Longs

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The Dollar is most likely to continue its bearish trend this week as the price rests on the key 92.00 psychological level. With that in mind, traders can expect the Euro and Pound to rebound higher for the time being. After a bullish March,…
Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

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After having a strong performance in March, the US Dollar Index (DXY) has found itself in a steep downtrend. Further weakness is expected and thus, the majors should move higher. Last week, the DXY was able to reach a new high for the year…