Category: Trend
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Chart Art: Trend Resistance Area For GBP/NZD
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Trend traders gather! The GBP/NZD pair could head into a downtrend as it struggles to record fresh September highs near a key resistance area. Will this extend the pair’s downtrend that has been going on for months? GBP/NZD currency pair on the 4-hour chart Chart by TradingView The New Zealand…
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Is Ethereum Price In A Bullish Trend? Analyst Offers Supportive Evidence
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Ethereum’s price has been on a rollercoaster ride for the past few weeks, hovering between the $2,500 and $2,750 range. The altcoin has struggled to make a mark over the past week, dropping to $2,400 at one point. While the price performance of the Ether token has not been inspiring…
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Is Ethereum Price In A Bullish Trend? Analyst Offers Supportive Evidence
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Ethereum’s price has been on a rollercoaster ride for the past few weeks, hovering between the $2,500 and $2,750 range. The altcoin has struggled to make a mark over the past week, dropping to $2,400 at one point. While the price performance of the Ether token has not been inspiring…
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Dogecoin Push To $10: Why This Recurring Trend Could Trigger A 10,000% Surge
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Dogecoin has become known as one of the altcoins in the cryptocurrency market that has made impressive gains with each bull market cycle. These strong performances have cemented its position as a favorite among investors, and the current cycle is no different. With the cryptocurrency market set to see another…
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Chart Art: Trend Resistance Setup For Bitcoin (BTC/USD)
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The native cryptocurrency’s rally may lose momentum at key technical resistance levels! Do you think BTC/USD is about to enter a downtrend? We take our signals from the daily chart: Bitcoin (BTC/USD) Daily Chart by TradingView August has been a very good month for Bitcoin so far, with the BTC/USD…
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75% of Bitcoin Hasn’t Moved in 6+ Months, Signaling Strong HODLing Trend
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Latest data from Bitcoin Pro Magazine This shows a significant trend among Bitcoin holders: nearly 75% of all Bitcoin in circulation has been idle for more than six months. This strong holding behavior reflects a strong belief in Bitcoin’s long-term value, despite market volatility. Bitcoin Pro X Magazine The HODL…
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75% of Bitcoin Hasn’t Moved in 6+ Months, Signaling Strong HODLing Trend
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Latest data from Bitcoin Pro Magazine This shows a significant trend among Bitcoin holders: nearly 75% of all Bitcoin in circulation has been idle for more than six months. This strong holding behavior reflects a strong belief in Bitcoin’s long-term value, despite market volatility. Bitcoin Pro X Magazine The HODL…
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Chart Art: EUR/GBP Long-Term Trend Line Breakout and Retest
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Did you miss the opportunity to rise in the daily trend line of the EUR/GBP pair? I see a continued pullback to this potential support area, which coincides with the Fibonacci retracement levels. Is the Euro heading higher soon? EUR/GBP Daily Currency Pair Chart by TradingView As you can see…
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Chart Art: CHF/JPY Long-Term Trend Confluence
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Don’t look now, but the CHF/JPY currency pair is right on a major area of interest on its daily time frame. As you can see on the long-term chart below, the pair is testing a Fibonacci level, an uptrend line, and a previous resistance area. Better keep your eye on…
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TA of the Day: GBP/USD Bullish Signs Emerge! Is a Trend Reversal Underway?
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the US Dollar The Australian dollar fell against major currencies today as signs of easing inflation emerged, further supporting the possibility of a Federal Reserve interest rate cut in September. The U.S. consumer price index, a key measure of inflation, rose 2.9% annually, just 0.1% below June’s rate. This was…
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Chart Art: Is GBP/USD Ready To Extend Its Trend?
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The US dollar gave up some points against its “riskier” counterparts such as the British pound following the release of US data. Will momentum help extend the months-long uptrend in GBP/USD? Let’s take a closer look at the 4-hour chart: GBP/USD currency pair on 4-hour chart Chart by TradingView In…
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FX Watch: NZD/CHF To Extend Its Trend After NZ’s Jobs Release?
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Like other “risk” assets, the New Zealand dollar lost ground against its safe-haven peers as optimism over low interest rates turned to concerns that a high interest rate environment was leading to recessionary conditions in the US and other major economies. The Swiss franc, in particular, found additional support from…
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Chart Art: Trend Continuation Trade On S&P 500 Index?
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US stock index S&P 500 tests technical support area ahead of key data releases this week! Will this week’s events contribute to extending the index’s upward trend? Or are the bears preparing for a hard landing? S&P 500 (SPX500) Daily Chart by TradingView A combination of concerns about global growth,…
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TA of the Day: Bitcoin Hits $70,000 But Reverses Sharply. A Minor Blip or a Major Trend Shift?
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Bitcoin price rose above $70,000 for the first time since early June, but was met with a wave of selling, causing it to fall by more than 3%. It is not yet clear what caused the price move, but it may be related to the US government’s transfer of more…
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Chart Art: Trend Continuation Setup For GBP/USD
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Cable is consolidating at a key support area ahead of potential catalysts this week. Will a bounce from the support zone help extend the GBP/USD uptrend? We are approaching the four-hour time frame for evidence: GBP/USD currency pair on 4-hour chart Chart by TradingView In case you missed it, easing…
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Chart Art: Bitcoin’s (BTC/USD) Trend Pullback Opportunity
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As we reported in today’s broad daily market summary, the U.S. Securities and Exchange Commission has approved six ETFs for Bitcoin (ETH), and they are set to begin trading as early as Tuesday. It is no surprise that Bitcoin is facing some downward pressure as traders consider the possibility of…
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TA of the Day: EUR/JPY Near Major Support. Will the Bullish Trend Hold?
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The EUR/JPY The currency pair, which has been one of the best performing pairs for bulls since the beginning of the year, is now facing a major challenge. ? With the price approaching the edge of an important dynamic support level, the question now is: will the bulls continue their…
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Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
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Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…