Following the Bank of Japan’s (BoJ) unexpected second-in-a-day bond purchase operation, the USD/JPY pair continued to fall from the Asian session into the late North American session. The yen is trying to end a losing streak against the dollar that has lasted five days. In an effort to limit yields, the Bank of Japan announced […]
Read moreOn the evening of December 28, 2022, the Bitcoin (BTC) network’s computational processing power increased to a range of 300 EH/s. Three days before the spike, Texas-based bitcoin miners reduced their hash power, relieving the grid of any extra strain. As a result, BTC’s hashrate dropped to a low of 170 EH/s. Since yesterday’s climb […]
Read moreKey Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: Bearish Since November 9, the Dogecoin (DOGE) price has consistently remained above the $0.07 support as sellers insist on selling short. For the past month, the bears have been unable to breach the current support. The current support was broken on December […]
Read moreSilver price heading towards north SILVER Price Analysis – 29 December More selling pressure will lower the price below the $22 support level and might cause it to go as low as $21 and $20. When bulls defend the $22 price level, silver’s price may rise and break through the $23 resistance level, which might […]
Read moreUniswap price may test $4.5 Support Level Uniswap Price Analysis – 29 December In case the $4.5 support level cannot be broken, Uniswap may rise to the $5.1, $5.7, and $6.7 price levels. Should the sellers’ momentum picks up, the $4.5 support level may be broken, which would cause the price to drop to the […]
Read moreSince five trading sessions ago when XAU/USD price tested the support level of $1,790, price action has become more bullish on average. Furthermore, in this ongoing session, buyers are already in control and may push prices higher in this session. Let’s further examine market activities to make better trading decisions. Major Price Levels: Top Levels: […]
Read moreMarket Analysis – December 28 USDJPY continues to crash in stepwise order. The market turned a new leaf in August. The Stochastic was in the oversold region as August kicked in. Buyers filled their orders at the 131.50 level. The buying pressure took the price of USDJPY to the moon. The daily candle rose above […]
Read moreMarket Analysis – December 27 USDCAD Breaks out of a symmetrical triangle on the daily chart. The market has witnessed a bearish displacement towards demand zones. The cross of the bearish trendline and the bullish trendline has fostered a breakout. USDCAD Key Levels Supply Levels: 1.3700, 1.3800, 1.3850 Demand Levels: 1.3540, 1.3390, 1.3300 USDCAD Long-term […]
Read moreBattle Infinity (IBAT) Price Forecast: December 29The Battle Infinity (IBAT) pair remains strong above the $0.001600 supply value. Crypto is very likely to continue growing as we are seeing a bullish correction in place. Hence, a further increase in the bulls’ action may trigger the coin price up and break out the previous high at […]
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