Category: Analysis
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USDJPY Technical Analysis – The price is consolidating at a key trendline
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Basic Overview The US dollar fell last week after another weak US CPI report and positive jobless claims numbers. The market has not only fully priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we have…
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NZDUSD Technical Analysis – The RBNZ weighed on the Kiwi
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Basic Overview The US dollar fell broadly last week after another weak US CPI report and positive jobless claims numbers. The market has not only priced in a September rate cut, but has also started to price in some chances of a back-to-back rate cut in November. Overall, we had…
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Bitcoin Technical Analysis – The bias switched back to bullish
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Basic Overview Bitcoin surged in value over the weekend after a failed assassination attempt on former US President Trump. The market responded positively to the event because it was a supporter of the cryptocurrency industry and the odds of Trump winning the election increased. Furthermore, we received news that the…
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Dogecoin Price Prediction For 2030: Market Analysis
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In the rapidly evolving world of cryptocurrency, Dogecoin has emerged from a lighthearted meme to a significant player in the digital currency space, captivating investors and analysts alike. With its unique blend of humor and technology, Dogecoin has demonstrated resilience and adaptability, defying skeptics. As we look toward the future,…
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Dogecoin Price Prediction For 2030: Market Analysis
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In the rapidly evolving world of cryptocurrency, Dogecoin has emerged from a lighthearted meme to a significant player in the digital currency space, captivating investors and analysts alike. With its unique blend of humor and technology, Dogecoin has demonstrated resilience and adaptability, defying skeptics. As we look toward the future,…
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Bitcoin technical analysis: Where you can bet on making money (wait for these junctions!)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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USDJPY Technical Analysis – The bullish bias remains intact
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Basic Overview The US dollar fell broadly last Friday after the release of the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. The market…
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AUDUSD Technical Analysis – The price consolidates after the breakout
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Basic Overview The US dollar fell broadly last Friday after the release of the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
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Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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Gold Technical Analysis – The NFP report increased the bullish sentiment
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Basic Overview Last Friday, gold prices rose after the release of the US non-farm payrolls report. The data showed a further slowdown in the labor market with the unemployment rate rising and wage growth declining. This led to lower real yields and accelerated the rise in gold. This has been…
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Top 10 Cryptocurrencies by 1-Year Fee Revenue (Analysis)
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Despite the launch of a number of blockchain networks that offer lower fees and faster transaction times, Ethereum’s dominance continues, and users appear willing to pay higher fees. As such, Ethereum has overtaken Bitcoin in terms of annual fee revenue, according to data compiled by Lookonchain. At $2.728 billion, Ethereum…
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Trade ideas thread – Monday, 8 July, insightful charts, technical analysis, ideas
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Impact and Analysis By Investing.com
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President Joe Biden is running for re-election, and his potential second term could have significant impacts on various sectors, including energy. Understanding the implications of Biden 2.0 for energy stocks is crucial for investors, given the administration’s strong focus on climate change, renewable energy, and regulatory changes. Biden’s energy policies…
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GBPUSD Technical Analysis – We are approaching a key resistance
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Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…
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Copper Technical Analysis – The bearish momentum has waned
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Basic Overview Copper has been rallying on key support recently and extended gains this week after China’s Caixin manufacturing PMI was released as the survey hit its highest level since May 2021. Over the past few weeks, the downward momentum has already appeared to be slowing as lower lows have…
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Ripple Price Analysis: XRP May Be in Danger of Crashing to $0.4
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Ripple price has been stable over the past few months and has yet to show any willingness to fall or rise. Ripple Price Analysis by Anger trading USDT pair chart For the USDT pair, Ripple has been range bound since it dropped below the 200-day moving average, which is currently…
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Ripple Price Analysis: XRP May Be in Danger of Crashing to $0.4
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Ripple price has been stable over the past few months and has yet to show any willingness to fall or rise. Ripple Price Analysis by Anger trading USDT pair chart For the USDT pair, Ripple has been range bound since it dropped below the 200-day moving average, which is currently…
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AUDUSD Technical Analysis – The price action remains rangebound
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Basic Overview The US dollar started the week on a weaker note as the new month began. Last week’s strength may have been driven more by end-of-quarter flows than anything fundamental as economic data did not change interest rate expectations. However, the data should continue to support risk appetite amid…
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Will $0.5 Finally Fall? (Ripple Price Analysis)
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Ripple price has been fluctuating around the critical support level at $0.47, witnessing minor fluctuations and sideways movements. This price range has consistently supported XRP, indicating strong demand and an increased likelihood of a bullish reversal in the medium term. by Cheyenne Daily chart A closer look at the daily…