Category: Trend
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XRP Price Defies Bearish Trend, Rallies 6%: Key Drivers Revealed
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This article is also available in Spanish. In a remarkable show of resilience amid a broadly weak cryptocurrency market, XRP is up 6.7% over the past 24 hours. After falling to a low of $1.90 on December 10, the asset is once again trading above $2.36, defying the prevailing bearish…
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JPMorgan Rejects Transition-Finance Trend Gripping Wall Street
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Breadcrumb links PMN works JPMorgan Chase & Co. is turning its back on a trend embraced by many of its Wall Street peers. Article writer: Bloomberg News Alastair Marsh Published on December 1, 2024 • 5 minute read You can save this article by registering for free here. Or log…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Printemps Becomes Europe’s First Major Retailer to Join the Trend
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Crypto is coming to popular luxury retailers in Europe. According to reports, Printemps, a popular chain of luxury brands, will start accepting cryptocurrencies for payments. The luxury store operator has partnered with Binance Pay and Lyzi to offer its customers the option to pay using top cryptocurrencies. Binance Pay offers…
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Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend
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Chainlink (LINK) is seeing significant growth in the cryptocurrency sector, with a 20% increase in value in just one week and a potential change in its long-term trajectory. For several months, the cryptocurrency has been on a downward trajectory; However, it is currently showing great importance Signs of recovery. The…
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Bonk Downward Drift To $0.00002635, Can Bulls Ignite A Trend Reversal?
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This article is also available in Spanish. Bonk It saw a pullback, sliding towards the crucial $0.00002635 price mark as bearish forces took control. This level may be the last stop for the bulls to regain momentum and prevent a deeper correction. With the market Feelings Hanging in the balance,…
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Chart Art: Time for a Trend Correction on the S&P 500 (SP500) Index?
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US stock markets have been on the rise lately, but are we finally seeing signs of a correction to the rally in the S&P 500? Check out these nearby turning points! S&P 500 Index (SP500) 4 Hours Chart by TradingView Optimism for business-friendly policies under another Trump administration has allowed…
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Telkom woes deepen as 1m more customers flee, extending last year’s trend
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Kenya’s third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458 customers. Analysis of official data released by the Communications Authority of Kenya (CA) shows that…
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Chart Art: GBP/USD’s Potential Trend Pullback Levels
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The British pound has just stopped the downtrend around a potential technical support area. Will GBP/USD find enough demand at this level to extend the long-term trend? We check the daily chart! GBP/USD 1 Hour Forex Chart by TradingView In case you missed the latest weekly forex market summary, you…
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Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
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Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…
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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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USDCAD trend move higher continues. Pair is up near 300 pips in a week. What next?
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The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look at price…
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Bitcoin Bull Trend Persists Despite Pullback, Analyst Says
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One analyst explained how on-chain indicator data could indicate that an uptrend remains for Bitcoin despite the recent pullback. Bitcoin Coinbase Flow Pulse still points to a bull market In new mail On X, CryptoQuant author Axel Adler Jr talked about the latest trend in Bitcoin Coinbase Flow Pulse. “Coinbase…
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Bitcoin To $90,000 In 2 Months If It Mirrors This Trend?
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Bitcoin is back in the red at press time, looking at the performance on the daily chart. After an unexpectedly bullish September bar close, the coin started off on a weaker footing in October, falling nearly 5% from the $65,000 and $66,000 resistance areas. Will Bitcoin follow M2 global money…
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Chart Art: Trend Retracement Levels For Gold (XAU/USD)
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Where are the gold bugs? Spot gold (XAU/USD) seems ready to extend the long-term trend after touching some technical support levels. Do you think the precious metal will see new record highs this week? Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed yesterday’s headlines, the lack…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Why Chinese currency strength is a trend to watch
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USD/CNY weekly Jamie MacGyver of Reuters comes out with a good column on the conundrum China faces as it seeks to stimulate the economy. He highlights that the moves could spark a rise in the yuan and that USD/CNY may also fall with US stimulus. He cites Stephen Jin –…