AUD/USD was into a corrective phase in the short term as the DXY increased a little. The pair has decreased as much as 0.7688 level where it has found strong support. Actually, the price has reached a strong support area, so a bounce-back is natural. USD depreciates again as the US Dollar Index plunges ahead […]
BNBUSD Price Analysis – May 14 Inability to break down the support level of $503 by the bears, BNBUSD will break up the $678 and bullish trend may continue to the resistance levels at $758, and $850. BNBUSD Market Key levels: Resistance levels: $678, $758, $850 Support levels: $599, $503, $420 BNBUSD Long-term trend: Bearish […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in an upward move. On May 6, the bulls broke the resistance at $1,800 as price rallied to $1,840. Gold pulled back and resumed upward move. On May 13 uptrend, a retraced candle body tested the 61.8% Fibonacci […]
Uniswap Price Analysis – May 13 When the bears gain more pressure to break down the support level of $33, the price will decrease to the support level at $26 which may extend to $21level. In case the bears could not break down the support level of $30, Uniswap price may increase to $37, $43 […]
Despite the recent market crash, Bitcoin (BTC) continues to soar in its fundamentals front. The benchmark cryptocurrency’s hash rate has rebounded from its recent dip and has clocked a new all-time high. Consequently, Bitcoin’s mining difficulty recorded its most significant spike in over seven years to a new all-time high as well. Hash rate is […]
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Bank of Spain says Spain may grow more than expected in 2022 due to a delayed increase in EU recovery funds. Presenting the European Economic Outlook for Spring 2021, Eric Manner, Chief Spokesperson for the EU Commission, said that “after a long winter, Spring #ECforecast is showing positive news on growth prospects”. The forecast for […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishFor the past 48 hours, the Yen has been in an upward movement. The pair rebounded above level 108.50 to reach the recent high. The upward move is facing resistance at level 109.80. The uptrend will resume if price breaks […]
USD/JPY remains strongly bullish after failing to retest the uptrend line. The pair rallied as the US Dollar Index jumped higher after the US inflation data publication. The unexpected growth registered by the CPI and by the Core CPI has changed the sentiment. USD rallied after those better than expected data. DXY’s further growth will […]
