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Dollar Stuck Below 90.850 + Bitcoin Lies Below 50,000

Dollar Stuck Below 90.850 + Bitcoin Lies Below 50,000

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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…
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…
+350 Pip Week + USDJPY Swing Trade

+350 Pip Week + USDJPY Swing Trade

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Another eventful and profitable week is in the books for traders. Due to the Dollar's ability to trend this week, many traders were able to rake in serious profits from both the majors and minors. Last Friday's price action on the daily time…
AUDUSD Hits Target 1 + Dollar Shows Signs of Life

AUDUSD Hits Target 1 + Dollar Shows Signs of Life

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As suspected, the US Dollar Index was only creating a lower high, before heading lower. The index went as low as 89.700, before turning around during the London session. As a result of the Dollar selling off yesterday, intraday longs for…
AUDUSD and NZDUSD Long Trade Setups + BTC to 40,000

AUDUSD and NZDUSD Long Trade Setups + BTC to 40,000

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This morning's ADP job numbers came out worse than expected at 123,000 jobs lost in comparison to the addition of 60,000 jobs. But, that did not stop the US Dollar from making a brief rally to the upside. After the initial rally, the DXY…
USDJPY Shorts and AUDUSD Longs Almost Ready

USDJPY Shorts and AUDUSD Longs Almost Ready

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The US Dollar Index (DXY) is wasting no time in 2021, as the price made its way down to the 2018 low. This price action opens up the possibility of USDJPY shorts and AUDUSD longs. Price action predicts that the DXY will revisit 89.500, before…
US Dollar Headed Lower + AUDUSD Surges in Profit

US Dollar Headed Lower + AUDUSD Surges in Profit

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The last official trading day of 2020 is in the books. The markets were still fairly active on the last day as the US Dollar Index (DXY) continues its selloff. As predicated by price action and smart money analysis, the DXY is set to continue…
DXY Bullish for Now + AUDUSD Ready to Launch

DXY Bullish for Now + AUDUSD Ready to Launch

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Since yesterday, the US Dollar Index has found itself below 90.00 for the first time since mid-December. Despite this move, intraday bullishness for the Dollar is expected. Candlestick analysis indicates a potential rebound from 89.88 as…
USDCAD Shorts As Dollar Bears Gain Momentum

Why the Majors are Still Bullish for 2021

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As we approach the middle of the holidays, the US Dollar Index (DXY) is still respecting the long-term downtrend. This morning traders are finding many of the majors selling off, but that may not last for too long. Price action and smart…