Market Analysis – June 16 GBPJPY buyers encountered strong resistance around the 198.150 level in the last quarter of the previous year. Following a failed attempt to breach this key resistance, the market shifted direction. More recently, buyers have attempted to reclaim bullish momentum, but a lower resistance has now formed at 195.980. GBPJPY is […]
Buyers are defending $0.000011 level Shiba Inu (SHIB) Price Analysis: 15 June If buyers can push the price over the $0.000012 level, the price might be able to break through the resistance levels of $0.000013 and $0.000015, respectively. If sellers are successful in holding the cryptocurrency, the price may drop below $0.000011 and try to […]
EUR/JPY Significant Levels Resistance Levels: 164.00, 166.00, and 168.00Support Levels: 158.00, 156.00, and 154.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY exchange rate has risen steadily as it approaches level 166.45. The upward momentum has continued even though the price has surpassed its target. The Yen rose to a high of 166.68 in the preceding […]
Further price increase is certain SPONGEUSDT Price Analysis – 14 June The bullish momentum will be strengthened if the resistance level of $0.000145 is broken, followed by the barrier levels of $0.000196 and $0.000330. It might surpass $0.000330 if the bulls continue to push in SPONGEUSDT market. SPONGEUSDT Market Key levels: Resistance levels: $0.000145, $0.000196, […]
Bullish reversal envisaged at $0.80 point USDCHF Price Analysis –14 June The price may rise above $0.83 and get closer to the $0.84 hedging scenario if the buying impulse can hold above the $0.82 resistance position. If merchandisers put in enough effort to move the price from $0.81 to $0.80, they can still lower it […]
Sellers’ pressure may increase BNBUSD Price Analysis: 13 June If buyers can hold onto the $642.3 support position and break above the $662.0 resistance position, they might be able to push the price to test the $685.6 and $729.9 resistance levels. BNB should aim for the previous lows of $606.1 and $585.5 if it can […]
Polkadot (DOT) Price Long-term Trend: Bearish Polkadot’s (DOT) price continues to drop below the critical $4.00 support as it revisits its $3.20 low. The cryptocurrency asset has been trading below the $5.50 resistance but above the $4.00 support. The moving average lines have been impeding the upward rise since May 30. The DOT price broke […]
Market Analysis – June 13 USOil maintains bullish momentum with key breakout signals. The USOil daily chart reveals a sustained upward trend, supported by consistent price movement above the 9-day Simple Moving Average (SMA), currently around $64.70. Price action has continuously respected this dynamic support since the market structure turned bullish, while the Relative Strength […]
Market Analysis – June 12 Gold (XAUUSD) gains momentum on a strong bullish structure and solid support. The XAUUSD pair continues to exhibit a clear upward trajectory, consistently trading above the 9-day Simple Moving Average (SMA), which is currently positioned around $3,350. This alignment indicates sustained buying interest, supported by the Relative Strength Index (RSI) […]
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