Posts

EURNZD Shorts to 1,58600 + Bitcoin Set to Clear All Time High

EURNZD Shorts to 1.58600 + Bitcoin Set to Clear All Time High

, ,
Price action traders have found a swing trade short for EURNZD that could lead to over +400 pips of profit. Meanwhile, Bitcoin is expected to clear the all-time high later today. After failing to rebound from monthly support at 1.63250, bears…
Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

Dollar Bulls on Path to 94.750 + GBPUSD Swing Trades Entered

, ,
The US Dollar Index continues its tear higher as bulls push past 94.000. As a result, GBPUSD swing shorts have become active for traders. The first hurdle for Dollar bulls was resistance near 94.100. Bulls were able to push and close bullish…
Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

Dollar Surges as Fed Hints at Further Rate Hikes Until 2024

, ,
This afternoon's FOMC rate statement and economic projection presser resulted in a bullish response for the Dollar as further rate hikes are likely until 2024. The Federal Reserve discussed the possibility of 6 to 7 interest rate hikes until…
Forex Major Shorts as US Dollar Index Rebounds from 93.170

Forex Major Shorts as US Dollar Index Rebounds from 93.170

, ,
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…
Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

Dollar Bulls Respond at 92.500 + EURUSD Intraday Shorts Entered

, ,
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…
Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF

, ,
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…
DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

DXY Bulls Reach 92.300 + EURUSD Shorts Activated for NFP

, ,
After ending off July on a bearish note, Dollar pulls have answered with a pullback to 92.300. Meanwhile, traders have entered EURUSD shorts as we approach tomorrow's NFP job report. The US Dollar Index had a rough time last week of July…

US Oil +150 Pips in Profit, USDCAD Shorts Next!

, ,
After yesterday's FOMC presser, market participants are looking to short the Dollar. As a result, US Oil is pushing higher into profit and USDCAD shorts are expected. Powell stated that although the economy is on track to meet its inflation…
Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

Dollar to Visit 92.00 + EURUSD and GBPUSD Intraday Longs

, ,
Dollar bears continue to pile on as price approaches 92.000. As a result, traders are gearing up to long both EURUSD and GBPUSD. After clearing last week's low, the US Dollar Index (DXY) retraced back up to retest a crucial zone near 92.750.…
Forex Major Longs as Dollar Looks to Revisit 92.00

Forex Major Longs as Dollar Looks to Revisit 92.00

, ,
Traders could look to go long for the Forex majors this week as the Dollar fails to push higher to 93.00. This may be attributed to last week's bearish Non-Farm Payroll (NFP) release. Last week's NFP release had a bearish reaction on the…