The US dollar currently struggles to backtrack from what could be its highest weekly fall in over a year on Friday, as investors pulled away from the greenback as they believe that the possible rate hikes this year have been fully priced in. The dollar fell against most of its competitors following a data release […]
A slight frenzy erupted in the Ripple (XRP) community today as the payments company secured another small victory in the ongoing SEC vs. Ripple lawsuit, as the judge on the case ordered the Commission to release some privileged documents very critical to the case. Magistrate Judge Sarah Netburn recently ruled that the US Securities and […]
EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]
GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: Ranging Dogecoin’s (DOGE) price has been in a sideways trend as it shows price stability. During its initial launching, Dogecoin rose to the high of $0.002322 in January 2014. The cryptocurrency slumped to $0.00010 and commenced resumption of upside momentum. Also, in […]
Annual Forecast for Binance Coin (2022) Inability to break down the support level of $430 by the bears, BNBUSD may break up the $503 and bullish trend may commence to the resistance levels at $599, and $678. Further increase in the sellers’ momentum will push down the Binance Coin to break the support level of […]
USDJPY Annual Forecast – Price Breaks Out From Bullish Flag Formation in 2021 The annual forecast for USDJPY is a break out past the 116.260 resistance zone. This is the next big ambition in the market after the price conforms to a bullish flag formation and breaks out. The downward consolidation helped the buyers switch […]
Sterling scaled a new five-month peak against the dollar in the London session on Thursday at 1.3748 but remained unchanged against the euro, as investors stayed glued to the potential of a rate hike from the Bank of England. The GBP received some boost from investors as expectations for an additional rate hike intensified amid […]
The United States Federal Trade Commission (FTC) recently circulated a scam alert regarding cryptocurrency automated teller machines (ATMs). The warning posted by Cristina Miranda from the Commission’s division of consumer and business education noted that: “There’s a new spin on scammers asking people to pay with cryptocurrency. It involves an impersonator, a QR code, and […]
