Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI has risen to an overbought region of the market. The RSI indicated an overbought region of the market as USOIL rises to $75.10. The implication is that the upward rally is likely to subside on the […]
Read moreKey Resistance Levels: 150.000, 152.000, 154.000Key Support Levels: 146.000, 144.000, 142.000 GBP/JPY Price Long-term Trend: BullishGBP/JPY pair is in an uptrend. The currency pair has fallen below the moving averages twice. The Pound was repelled twice at levels 156 and 155 before the resumption of a downward move. GBP/JPY pair is struggling to sustain above […]
Read moreMany eyes are on the Ethereum (ETH) network as the Ethereum 2.0 deposit contract now boasts over 6 million Ether. Meanwhile, Ethereum enthusiasts are gearing up for the highly-anticipated EIP1559 upgrade and London hard fork. Glassnode, an on-chain analytics provider, noted that: “Growth in new and existing activity throughout DeFi has taken a hit, as […]
Read moreThe dollar is grappling with relatively positive NFP (non-farm payroll) gains, and it is sliding considerably during the US session. Stocks haven’t been very fired up, as DOW futures stays up only 0.2 percent at the time of writing. Nonetheless, the greenback is more likely to end the week as the top currency, trailed by […]
Read moreKey Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polka dot (DOT) Price Long-term Trend: BearishOn June 22, Polkadot (DOT) fell to the previous low above $13. The bulls bought the dips to resume upward. For the past week, the DOT price has been fluctuating in a confined range between $13 and $17. The bulls […]
Read moreEURJPY Price Analysis – July 2 The EURJPY sought to maintain on the prior day’s advances on Friday but remains flat. To allow for additional gains to the 133.00 neighborhood, the recovery needs to clear the mid 132.00 area. Euro stays stable due to positive economic statistics and the ECB’s hopeful outlook for the economy […]
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Key Resistance: 11.65 Key Support: 111.10 Earlier this week Japanese Yen futures (6J) crashed (-1.11%) whilst the USD kept rallying from the FOMC day bump. This was the perfect bullish pressure for the USDJPY bidding up prices to a massive level. The 11.70 level was March 23rd 2020 highs. After price reached this highs the […]
Read moreAt press time, over $30 billion worth of Cardano (ADA) has gotten staked to the network ahead of the milestone transition in the network. With this, one could predict that the network is in the process of laying the groundwork for broader network adoption and more price appreciation for the cryptocurrency. Cardano staking allows users […]
Read moreKey Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: RangingXAUUSD is range-bound above level $1,760 support. The Gold downward move has been terminated above level $1,760. Since June 18, the price has been fluctuating above the current support. XAUUSD has ended its bearish trend above level $1,760. The market […]
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