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DXY Consolidates, Push Needed for AUDUSD and Gold Longs

DXY Consolidates, Push Needed for AUDUSD and Gold Longs

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As the trading week progresses, the US Dollar Index (DXY) is finding itself some support at 90.00. Pending trade setups for AUDUSD and Gold will only become active once the Dollar pushes below this level and respects the long-term downtrend. Although…
Gold Trade in Profit After Lackluster NFP Job Numbers

Gold Trade in Profit After Lackluster NFP Job Numbers

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Today's Non-Farm Payroll (NFP) job numbers were certainly worse than anticipated and the US Dollar Index (DXY) has shown that on the charts. With technical and fundamental pressure from bears, we expect a weaker Dollar in the coming weeks and…
DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

DXY Stuck Below 91.400 + Doge and Ethereum to New Highs

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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…
Gold and Ethereum Longs With Dollar Stuck in a Limbo

Gold and Ethereum Longs With Dollar Stuck in a Limbo

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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…
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…
Euro "On Crutches" and Dollar Rebounds

Euro "On Crutches" and Dollar Rebounds

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Today'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%,…
+120 Pips from Gold + EURUSD Longs?

+120 Pips from Gold + EURUSD Longs?

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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

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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…
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 Hits Target + AUDUSD Longs in Profit

Ethereum Hits Target + AUDUSD Longs in Profit

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Today 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…