Black list scam!


Dollar Faces Bearish Pressure + Crypto Bulls Respond

A new week presents new challenges for the Dollar as bears take control. Crypto bulls aren’t backing down as bulls respond to weeks of bearish pressure.

After failing to make a new higher high last week, the Dollar has found itself within arms-reach of 92.000. To start the trading week bears dove price back down to last week’s low near 92.500. If bears can break and close below this level, a quick selloff to 92.000 is expected and thus Dollar bearishness for this week.

After touching $ 30,000 momentarily, Bitcoin and many other popular cryptocurrencies are showing real signs of life. Bitcoin has made its way back to $ 40,000. A break and close above this level on the daily time frame can signal a reversal to the upside. Price action analysis also forecasts Ethereum reaching $ 2,500 by the end of the week.

This week’s fundamental schedule has at least one high impact a day besides today. Traders should have a good read on the major currency pairs as there will be CPI, GDP, and interest data being released this week.

For more Forex content like this:

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
Related posts

USDCHF Intraday Profits + AUDJPY Shorts Entered


Dollar Index Rejects Zone Near 92.750 + Intraday Shorts for USDCHF


Bitcoin Plunges on El Salvador Adoption + Dollar En Route to 92.750


Bitcoin Turns Bullish as Summer Ends + Dollar Turns Bearish Before NFP

Sign up for our Newsletter