Category: bounces
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BNB Price Bounces Back Strongly: Is The Rally Sustainable?
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Ayush Jindal, a star in the world of financial markets, whose experience extends over 15 years in the world of Forex currency trading and encrypted currencies. Ayush is famous for a reliable advisor and reliable advisor to investors around the world, and directs them through the complex landscape of modern…
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Bitcoin Bounces To ATH For The First Time Since December – Analyst Expects $130K Price Breakout
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Bitcoin reached a new all-time high of $109,357 after a week marked by extreme volatility. The cryptocurrency fell sharply to the $89,000 level last Monday, but rebounded with an impressive 22% rise, pushing it to new heights. This price action has reignited excitement in the market, with investors and analysts…
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USDCAD bounces after stronger jobs report on Friday. Trend higher continues. What next?
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USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart below). That zone goes back to April 2024. The price also moved away from…
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Dollar bounces off lows; euro hit by weak PMI data By Investing.com
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The U.S. dollar rose on Monday, pulling away from a one-year low hit last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.5% at 100.925, just above…
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GBPUSD holds the 1.3265 level on the downside. Bounces
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In the introductory video earlier today, I highlighted key levels for the GBP/USD pair. On the downside, the 1.3265 level has been a major support. Looking at the price action of GBP/USD since then (see chart below), the low for the day was 1.32676, just 2 pips below the targeted…
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GBPUSD has a volatile day, but bounces off a key support level
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The GBP/USD pair had a volatile session today, similar to many other pairs. Following the Bank of England’s decision to keep interest rates unchanged, the price rose to a high of 1.33132. However, the momentum reversed after the US weekly jobless claims report came in better than expected, prompting a…
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Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com
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The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…
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Bitcoin Price Bounces Back, But Can It Sustain Above $60K?
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This article is also available in Spanish. Bitcoin price started rising again above the $58,500 resistance level. Bitcoin price returned above the $60,000 level and is struggling again to continue rising. Bitcoin is correcting gains from the $61,200 resistance area. The price is trading above the $59,500 level and the…
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Bitcoin Price Bounces Back, But Can It Sustain Above $60K?
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This article is also available in Spanish. Bitcoin price started rising again above the $58,500 resistance level. Bitcoin price returned above the $60,000 level and is struggling again to continue rising. Bitcoin is correcting gains from the $61,200 resistance area. The price is trading above the $59,500 level and the…
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Euro bounces from 1.11 | Forexlive
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Yesterday, the euro touched a one-year high, rising for a fourth straight day. Much of the rally was driven by broad-based dollar weakness, but the market is also taking comfort in the idea that the eurozone is not headed for an ugly economic outcome. Eurozone consumer confidence data released today…
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TA of the Day: Gold Drops Amid Global Market Sell-Off But Bounces. Will the Uptrend Resume?
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Despite being considered a safe haven, gold has not been immune to Market sentiment shifts to a major risk aversion With market participants selling assets on a massive scale. Backed by recession fears and Clearing the global pregnancy tradeGold fell more than 1% today, reaching $2,410 an ounce. The sell-off…
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USDCHF bounces as flight to safety flows abate. What levels are in play going forward?
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The USD/CHF pair has been falling this week on safety-seeking flows following a strong sell-off in equity markets. The drop has taken the price back below its 200-day moving average near 0.8883, and the 38.2% retracement of the upside move from the December low is also at this level. Further…
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Wall St bounces back after sell-off as Biden exit takes center stage By Reuters
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By Ankika Biswas, Shubham Batra and Lisa Pauline Mattakal (Reuters) – U.S. and Australian stocks recovered some of the previous week’s losses on Monday, as investors reconsidered Republican candidate Donald Trump’s chances of winning a second presidential term after U.S. President Joe Biden dropped out of the race. Biden announced…
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NASDAQ index bounces back strongly.The selling could not extend below key target yesterday
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Nasdaq pulls away from 50-hour moving average The Nasdaq has made a quick recovery today and is currently trading up about 200 points or 1.08%. The highs have just reached 18486.45. As shown in yesterday’s video (“What Might Make the Nasdaq Fall Today and In the Future”), yesterday’s low broke…
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USDCAD bounces higher after testing key technical support. Can the buyers keep pushing?
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The USD/CAD pair hit its lowest level since June 3 earlier today, testing the lower low at 1.35972. The 200-day moving average was just below that level at 1.35953. Today’s low was at 1.3601 as buyers/profit-takers took advantage of the swing area. The combination of US and Canadian jobs data…
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USD/CAD bounces from the range low after soft Canadian jobs report. What’s next
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USD/CAD Daily The Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted. That’s why the recent drop in USD/CAD could…
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LayerZero Bounces Amid Market Retrace, ZRO Soars 20%
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LayerZero (ZRO) has become one of the first altcoins to rise amid the market downturn. The coin has been in the green despite its controversial launch last month. As a result, investors and market watchers remain optimistic about ZRO’s long-term performance. Related reading From ZRO to Market Champion In late…
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US dollar bounces right back after ISM dip
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USD/JPY 10 minutes The US dollar fell on weak ISM manufacturing, but it bounced back strongly. Fuel is coming from the bond market, where 10-year Treasury yields are now up 12 basis points on the day and more than 20 basis points since their lows after Friday’s personal consumer spending…
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USDCAD bounces higher today but only to the 50% midpoint of the 2-month trading range
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Heading into the end of the trading week, the US dollar rose against the Canadian dollar after hitting a new low during the previous week on the trading day. On the way to the bottom, the price returned below the 200-bar moving average on the 4-hour chart at 1.3687. It…
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Curve (CRV) Bounces 40% From ATL As Whales Go Shopping
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Roopmar is a writer and translator who has been passionate about cryptocurrencies for the past four years. Her goal as a writer is to create pieces that are informative, complete, easy to understand, and accessible for those entering the cryptocurrency space. After learning about cryptocurrencies in 2019, Roopmar became interested…