Renewed Dollar Selling Drives EURUSD To Break the 1.18 Mark

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On the back of the increased offered position in the dollar, the pair trades in new multi-week highs as investors analyze Powell’s post-Jackson Hole remarks and cautionary message, while month-end flows add to the USD’s gloom. Dollar selling resumes today, with the EUR/USD finally breaching through the 1.18 level. The NZD, on the other hand, […]

7 Reasons Why Cryptocurrencies are the Best Asset for Trading

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Many individuals throughout the world believe that the current monetary system is too outdated and should be digitalized. The ideal way to digitalize the bank-controlled monetary system is to use a decentralized Currency, such as cryptocurrency. Cryptocurrency is a digital asset that may be used to purchase products and services both online and offline, with […]

Litecoin Is in a Downward Correction, May Revisit Previous Low at $166

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Key HighlightsLTC/USD is in a downward correction between $163 and $190Litecoin is trading at $170 high Litcoin ( LTC) Current StatisticsThe current price: $171.02Market Capitalization: $14,418,302,165Trading Volume: $2,274,197,774Major supply zones: $400, $420, $440Major demand zones: $200, $180, $160 Litecoin (LTC) Price Analysis August 31, 2021Litecoin’s (LTC) price is in a sideways trend below the $190 […]

EURCHF Is Approaching a Key Level and Set to Reverse Its Direction

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EURCHF Price Analysis – August 31 EURCHF is approaching a critical zone and it is expected to reverse its direction. The market appears to be ranging between the 1.08410 resistance key level and the 1.07150 support key level. The bulls and bears continue to battle for dominance as price approaches this level, producing a double […]

USDCHF Tumbles Beneath 0.9150 as US Dollar Index Stays Pressured

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USDCHF Price Analysis – August 30 In early European trading hours on Tuesday, the US dollar fell against the Swiss franc. The pair retraced back beneath the 0.9150 regions and recorded a low of 0.9130 at the time of this post. The US Dollar Index (DXY) rises in perfect sync with the benchmark 10-year rates, […]

Cardano (ADA/USD) Price May Reverse at $3.0 Resistance Level

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ADA Price Analysis – August 31 Bullish trend may be halted at the resistance level of $3.0 and it may face the support levels at $2.6, if it is penetrated, $2.3 and $1.8 levels may be the target. In case the bulls defend the $2.6 level, price may continue its bullish movement towards $3.0, $3.3 […]

Solana Continues Rally Amid DeFi and NFT Frenzy

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Solana (SOL) continues to clear new record highs despite the mild market-wide bearish sentiment. Analysts suggest that several fundamental factors are behind the recent boom in SOL. One of such factors is the unveiling of the ‘Ignition’ event scheduled to take place later today till October 8. Given the buzz around it, this event could […]

Bitcoin Network Transaction Volume Soars Amid Bearish Market Sentiment

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While Bitcoin (BTC) continues to struggle below the $50,000 mark, reports show that the network has recorded significant transaction volume. On-chain analytics provider Glassnode recently revealed that the weekly transaction volume on the BTC network has surged to a record high, while the number of token holders steadily recovers. According to the report, the average […]

GBP/USD Resumes Uptrend, Battles Resistance at Level 1.4000

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD has been in a sideways move since July. Today, the Pound is rising upward after falling to level 1.3620. In July, the market retested the low of 1.3620 and resumed upward to level 1.4000. Today, buyers are pushing the […]

AUDJPY Will Bounce off Key Zones Before Bearish Movement Continues

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AUDJPY Market Analysis – August 30 AUDJPY will bounce off some key levels in a bid to keep moving downwards. For some time now, price has been on a descent. Price has been sliding downwards and bypassing the key levels. After a retest activity at the 81.600 key level, AUDJPY continued moving downward. AUDJPY dived […]