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Bitcoin and Ethereum Set to Move Higher as Dollar Moves Lower
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe Dollar had one more retracement left in its tank as the price was able to stay above 90.850. Further downside is expected, however, and both Bitcoin and Ethereum look to resume their uptrends.
After yesterday's rejection of 90.850, it…
Major Longs For Next with Weaker Dollar Expected
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…
Euro "On Crutches" and Dollar Rebounds
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday's ECB press conference left nothing to the imagination as Christine Lagarde (ECB head) said the economy is still "on crutches". As a result, the Dollar has rebounded back to 91.400.
Although, the ECB has kept interest rates at 0.00%,…
GBPUSD and Gold Longs for Next Week
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe 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
Forex Trading Analysis, Live Trading Room, Technical AnalysisToday 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…
Dollar to Visit 91.400 + ETH Longs Entered
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs 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!
Forex Trading Analysis, Live Trading Room, Technical AnalysisAfter 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…
USDJPY Longs + DXY Ready for Next Push Higher
Forex Trading Analysis, Live Trading Room, Technical AnalysisAs the US Dollar Index (DXY) continues its bullish ways, the Dollar is beginning to extend its gains against the Japanese Yen. In addition to shorting pairs like EURUSD, traders should also look to take longs for USDJPY and USDCAD.
USDJPY…
EURUSD & USDCHF Analysis with a Bullish Dollar
Forex Trading Analysis, Live Trading Room, Technical AnalysisAnother trading week, and another day that the Dollar has pushed higher. With that in mind, majors such as EURUSD and USDCHF should continue their current trends.
Last week the US Dollar Index (DXY) was able to close above one of the highs…
Dollar Ready for Next Push + Oil Longs
Forex Trading Analysis, Live Trading Room, Technical AnalysisThe US Dollar Index (DXY) ended the week by dropping lower to create a new higher low. Further upside should be seen next week. In addition, Crude Oil is ready to move higher.
It was a productive week for the Dollar as the price was able…