Posts

DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

, ,
The Dollar is stuck in a range between 90.850 and 91.400 and the price has attempted several times to push higher but has not been successful. Meanwhile, many of the popular cryptos are extending to new all-time highs. After retesting 91.400…
DXY Bulls Take Charge + Major Shorts for Next Week?

DXY Bulls Take Charge + Major Shorts for Next Week?

, ,
After starting the week off on a bearish note, the US Dollar Index is up 0.72% for the day with more upside on the way. This should provide short opportunities for the Forex majors next week. Typically huge movements in the Dollar are seen…
Gold and Ethereum Longs With Dollar Stuck in a Limbo

Gold and Ethereum Longs With Dollar Stuck in a Limbo

, ,
After retesting and rejecting the previous low of 90.700, the US Dollar Index (DXY) is set to head lower. As a result, the majors, as well as commodities like Gold and Ethereum, should gain on the Dollar. Although the US Dollar is headed…
Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

, ,
Today's FOMC press conference was fairly similar to the previous one where Fed Jerome Powell reiterated the dire situation due to the pandemic. With this briefing, the Dollar has pushed past below this week's low. Powell did say the economy…
EURUSD Longs Back on Table + DXY Set to Fall Again

EURUSD Longs Back on Table + DXY Set to Fall Again

, ,
After an eventful week in Forex markets last week, this week seems to be just as promising. The Dollar is looking to head lower and several key fundamental events throughout the week should provide volatility and price movement. The US Dollar…
Major Longs For Next with Weaker Dollar Expected

Major Longs For Next with Weaker Dollar Expected

, ,
After a few days of bouncing between 90.850 and 91.400, the US Dollar Index is set to head lower next week. As a result, traders should focus on longs for the major currency pairs. To start the week, the Dollar made a deliberate push below…
+120 Pips from Gold + EURUSD Longs?

+120 Pips from Gold + EURUSD Longs?

, ,
As the Dollar heads lower, Gold longs continue to surge into profit. With that in mind, traders can also look to long EURUSD as it hints at another rally. Price action analysis completed on Gold yesterday suggested that the price was ready…
Dollar Retraces + Gold Longs Pending

Dollar Retraces + Gold Longs Pending

, ,
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

, ,
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

, ,
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…