USOIL (WTI) May Decline as It Reaches the Overbought Region AtLevel 74.21

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Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is correcting upward. It has reached a high of $74.21. Also reached bullish exhaustion. WTI crude oil is expected to fall. Meanwhile, on July 8 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that USOIL […]

GBP/JPY Resumes Downtrend after Rejection at Level 153.50

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Key Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BearishToday, the GBP/JPY pair is falling after facing rejection at level 152.00. Since May 10, the market has been declining gradually on the downside. The currency price has broken below moving averages which accelerated the selling pressure. Meanwhile, on June […]

Bitcoin Records Massive Crypto Exchange Outflows

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According to new data from on-chain analytics platform Glassnode, Bitcoin exchange balances have plummeted to their lowest levels since the bearish market in late 2018. A new report from market analyst Will Clemente shows that two massive outflows occurred over the past 24 hours. He noted that: “Two massive outflows today: one worth 23,530 BTC […]

Polkadot (DOT) Resumes Uptrend, Battles the Resistance at $15.24

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Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishToday, Polkadot’s (DOT) is retracing after facing rejection at the $15.60 resistance. The crypto fell to $14.40 low and resumed an upward move. Since July 26, Polkadot has been facing rejection at the $15.24 resistance. On the upside, if buyers breach […]

Gold rallies to monthly highs after dovish FOMC day

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Key Support: 1825 Key Resistance: 1833 – 1850 Gold is very bullish. I’ve been saying this for months. The hedge against inflation is this metal and even though price action has been VERY volatile and choppy most of the time; long term the bullish structure is in play. On Wednesday, Gold saw by the end […]

GBPUSD breaking 1.3980: Buys in play

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Key Support: 1.3940 Key Resistance: 1.3980 – 1.4080 The GBPUSD has rallied 3% (407 pips) from last week’s lows around the 1.3560 level. This base / key level is where we saw buyers jump in at the beginning of February pushing price up about 5.07% (687 pips) to test the massive 1.42 level. Last week. […]

AUD/JPY Breakout Brings Continuation!

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AUD/JPY decreased a little in the short term, but the upside pressure is strong. The support area holds, so an upside breakout is favored. In the short term, the pair dropped as the Yen was boosted by Nikkei’s sell-off. AUD/JPY increases right now even if the Japanese Unemployment Rate, Prelim Industrial Production, and the Housing […]

Tron Network Sees Record-Breaking Daily Transaction Count

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Tron Foundation, the host organization behind the Tron (TRX) blockchain, has recorded an unparalleled spike in user interest. According to an official report via Twitter, the organization revealed that the net daily transaction count on the Tron network touched a new all-time high on Wednesday. The transaction counting tool monitors all sent and received transactions […]

USDCAD: Canadian CAD Strengthens, Dollar Softens as US GDP Falters

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USDCAD: The most recent employment data from Canada showed that employment increased by 231,000 (+1.2 percent) in June, following a two-month fall of 275,000. Part-time work accounted for all of the job growth, which was concentrated among young people aged 15 to 24. The unemployment rate was 7.8%, with a 61,000 decrease in the number […]

EURJPY Sustains Near Term Bias Towards 131.00 on Expected EU Data

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EURJPY Price Analysis – July 30 During the early European trading hours on Friday, the EURJPY surged somewhat. The pair has continued to rise from July 20 lows and is now on track to reach the 130.50 level. Although the Euro’s advances are constrained by the ECB’s outlook and anticipated mixed economic data. Key LevelsResistance […]