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AUD/JPY continues downtrend, targets level 77.42

Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishOn July 19, AUD/JPY pair fell to $80 low and resumed upward. For the past week, the pair has been correcting upward. The selling pressure will resume if price breaks below level 80.00. The Fibonacci tool has indicated a further […]

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Bitcoin Cash (BCH) Rallies to $510 High as Sellers Threaten to Short

Key Highlights BCH rallies to $510 highThe bears are likely to sell on rallies Bitcoin Cash (BCH) Current StatisticsThe current price: $497.06Market Capitalization: $11,428,914,123Trading Volume: $1,733,403,132Major supply zones: $700, $720, $740 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis July 26, 2021 Bitcoin Cash (BCH) has rebounded and broke the resistance at […]

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Ethereum Classic Welcomes Magneto Network Update

Ethereum Classic (ETC) is back on a bullish trajectory amid the implementation of the “Magneto” network update. The Magneto upgrade, first announced on June 11, got activated at block 13,189,133. The update also includes the Ethereum Improvement Proposals (EIP) first observed in Ethereum’s (ETH) Berlin Upgrade at the beginning of this year. The team behind […]

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Dollar Stays Strong After Powell's Speech; Euro and Pound Stumble

DXY Bulls Relax Ahead of Market Events, FOMC and Q2 GDP

The DXY – dollar index fell in early Monday trading, weighed down by a surge in risky currencies, although it remains close to its three-and-a-half-month high set last week. The broader increase stays unchanged, with sustained sideways trading regarded as a plausible scenario ahead of this week’s Fed policy meeting and US GDP data. The […]

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GBP/USD Resumes Its Upwards Movement!

GBP/USD is strongly bullish today as the DXY drops. The pair has decreased a little in the short term, but only to retest the immediate support levels. Making a new higher high could really announce further growth. The US New Home Sales indicator will be released today and is expected at 800K higher versus 769K […]

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NZD/USD in a Sideways Trend, May Resume Selling Pressure

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. On June 18, the pair fell to the low of level 0.6922 and resumed a sideways move. The currency pair has been fluctuating between 0.6890 and $0.7050 for the past month. The Kiwi is […]

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