The Canadian dollar is gearing up for a period of strength as the Bank of Canada (BoC) prepares to raise interest rates for a second consecutive meeting on July 12. In a recent survey conducted by Reuters, economists expressed their confidence in a quarter-point increase, which would push the overnight rate to 5.00%. This decision […]
Lucky Block Market Prediction: July 5 The Lucky Block market prediction is for the bulls to keep seeking a way to drive the price beyond the $0.0001100 key level. LBLOCK/USD Long-Term Trend: Bullish (1-Day Chart) Key Levels: Supply Zones: $0.0001990, $0.0001420, $0.0001100 Demand Zones: $0.0000880, $0.0000720, $0.0000360 LBLOCKUSD ranges between the $0.0001420 resistance level and […]
Toncoin Price Forecast: July 5 The Toncoin price forecast is for the market to decide on price direction after a period of indecision above the $1.3680 key level. Toncoin Long-Term Trend: Bullish (1-Day Chart) Key Levels: Zones of supply: $1.8100, $2.0040, $2.6220 Zones of Demand: $0.7420, $0.9940, $1.3680 The Toncoin market is yet to decide […]
Signs emanating from the Tamadoge market support that buyers have started making a significant impact, as price action rebounded to a strong support level. At this point, price action is already eying a physiological resistance at the $0.01200 price mark. Should this mark be broken, prices may retrace even higher. TAMA Data: July 6, […]
Market Analysis – July 6 The USDJPY has been demonstrating a remarkably robust bullish trend since May 15th, supported by the consistent upward movement of the Average Directional Index. This upward momentum is characterized by a steep slope, which vividly portrays the remarkable strength and energy behind the surge in price. USDJPY Key Levels Demand […]
More buyers are active in Silver market SILVER Price Analysis – 06 July Silver price might rise and test the $24 and $25 resistance levels if buyers are able to hold the $22 price level and the $23 resistance level is breached. If sellers’ pressure increases, the $22 level may be broken lower, and the […]
Introduction Since Bitcoin was introduced 13 years ago, it has witnessed remarkable value growth, paving the way for the crypto market to reach a staggering $1 trillion. In the face of macroeconomic uncertainty, crypto has gained traction as individuals seek alternatives to traditional finance. Yet, critics argue that the industry’s growth may be limited, citing […]
Market Analysis – July 6 Gold has exhibited a bullish ascent over the past week, signaling a short-term uptrend. However, this upward movement is likely a retracement within the context of a higher time frame bearish trend. The ongoing ascent of XAUUSD may soon encounter a pause as it reaches a significant resistance level. XAUUSD […]
Market Analysis – July 5th The FTSE 100 index finds itself under bearish pressure as it continues to face challenges in its attempt to reverse the prevailing downtrend. On June 30th, a bearish break in the market structure occurred, indicating a continuation of the downward movement. Following this break, the market underwent a pullback phase, […]
