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DXY Bulls Take Charge + Major Shorts for Next Week?

DXY Bulls Take Charge + Major Shorts for Next Week?

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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…
Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

Fed Keeps Stimulus Unchanged + Dollar Pushes Lower

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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

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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

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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…
Dollar Retraces + Gold Longs Pending

Dollar Retraces + Gold Longs Pending

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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

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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

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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 Trade in Profit + Dollar Sells Continue

Ethereum Trade in Profit + Dollar Sells Continue

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The US Dollar Index (DXY) continues to get bullied by bears as price approaches 91.400. In the meantime, Ethereum creates new highs while returning profits for price action traders. Yesterday's daily closure for the DXY was a significant…
Bearish Dollar + EURUSD and GBPUSD Longs

Bearish Dollar + EURUSD and GBPUSD Longs

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The Dollar is most likely to continue its bearish trend this week as the price rests on the key 92.00 psychological level. With that in mind, traders can expect the Euro and Pound to rebound higher for the time being. After a bullish March,…
Dollar Bears are Back and Majors Set to Rise!

Dollar Bears are Back and Majors Set to Rise!

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After 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…