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Crude Oil Trade in Profit + Gold Longs Delayed Until Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisDespite bullish ADP and Non-Farm Payroll numbers, the Dollar has it's being pressured by bears once again to close the week. Oil longs are in profit and Gold is looking to give traders entry next week.
For much of the week, price action traders…
Crude Oil Longs Pending + Dollar Looks to Revisit 90.00
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index has once gained pushed back in an attempt to reach 90.00. Meanwhile, Crude (Oil) is set to push to new highs as economies reopen up globally.
After reaching 89.700, the Dollar has reacted bullishly with a hammer as the…
DXY Resumes Push Lower + Gold Eyes 1911 for Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter a quick surge to start last Friday, the US Dollar Index is back below 90.00 and hopefully looking to push lower. As a result, Gold (XAUUSD) is setting up its next leg higher.
The month of May was not too kind to traders as the Dollar…
AUDNZD Shorts and NZDJPY Longs as Majors Struggle to Move
Forex Trading Analysis, Live Trading Room, Technical AnalysisWith the Dollar resisting a push lower, the Forex majors are stuck in a rut. The Forex minors are still thriving as traders look to short AUDNZD and long NZDJPY.
Despite making a new low for the month of May, the US Dollar is back fighting…
EURUSD Longs and USDCHF Shorts as Dollar Continues Push Lower
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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…
USDCHF and USDCAD Shorts Ready as Dollar Drops
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs 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?
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…