14.08.2022
Chicago 12, Melborne City, USA
Business

GBP/USD Risks Another Decline as It Faces Rejection at Level 1.2300

Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BullishGBP/USD is in an upward correction as it faces rejection at level 1.2300. Since July 27, the currency pair has been trading between the moving average lines. Buyers could not keep the price above the resistance at […]

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Business

EUR/JPY Risks Further Decline as It Faces Rejection at 138.39

Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishEUR/JPY pair is in a downtrend as it faces rejection at 138.39. The upward correction was repelled at the height of level 138.39. The implication is that the market will further decline to the downside. On the August 2 downtrend, […]

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Politics

Brent is Stressed and Continues to Decline

The commodity market suffered another stress last week. On Monday, the situation reached stability, but it remains quite complicated; Brent is trading at $95.60. The asset closed last trading week near its 5-month lows. The key reason for these negative vibes is the same global expectations of a worldwide recession. Economic slumps all over the… […]

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Business

Polygon (MATICUSD) Price May Decline, Provided $0.91 Level Does Not Hold

Polygon (MATICUSD) Price Analysis – August 01 Further increase in the Polygon price is highly envisaged provided the resistance level of $1.01 does not hold, $1.18 price level may be reached and penetrated to test the $1.31. In case the bears defend the resistance level of $1.01, the price may reverse and continue a bearish […]

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Business

Litecoin Risks Decline as It Struggles Below the $59 High

Key HighlightsLTC has resumed its uptrendIt battles the initial resistance Litecoin (LTC) Current StatisticsThe current price: $59.19Market Capitalization: $4,985,308,233Trading Volume: $605,746,928Major supply zones: $100, $120, $140Major demand zones: $60, $40, $20 Litecoin (LTC) Price Analysis July 20, 2022Litecoin’s (LTC) price is trading in the bullish trend zone as it struggles below the $59 high. The […]

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Business

Polkadot Risks Decline Below Current Support as It Targets the $5.60 Low

Resistance Levels: $60, $62, $64Key Support Levels: $40, $38, $36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price is in a downtrend as it targets the $5.60 low. Buyers have failed to keep the price above the 21-day line SMA, hence the downtrend. Today, the DOT price is retesting the 21-day line SMA as it […]

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Politics

Yen Extends Decline Against Dollar and Canadian

Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that the Fed could follow later in the month, given that headline consumer inflation is showing no sign of even plateauing. Dollar remains the strongest one for the […]

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Business

XLM/USD (Stellar) Price May Decline Below $0.09 Level

STELLAR Price Analysis – July 13 When the bears’ pressure is unable to break down the support level of $0.09, the price may increase towards the $0.11, $0.13 and $0.16 resistance levels. In case the bears further increase their momentum, it may reach and break down the support level of $0.09, below it are $0.07 […]

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Business

GBP/USD Reaches an Oversold Region as It May Decline to Level 1.1715

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it may decline to level 1.1715. The bears have broken below the lower lows of 1.1934 signaling a further downward move. This was a result of rejection at level 1.2400 high. On the upside, […]

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Business

EURJPY Is in a Downtrend as It May Further Decline to Level 135.72

Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: BearishEUR/JPY pair has resumed selling pressure as it may further decline to level 135.72. Since June 8, the bulls have failed to keep the price above the level of 144.00 overhead resistance, hence the decline. The selling pressure may continue […]

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