15.08.2022
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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Business

USOIL Faces Rejection at Recent High as It Revisits $87.60 Low

Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00, $62.200, $58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend as it revisits the $87.60 low. The implication is that the selling pressure will resume retesting the current support at $87.60. The downtrend will resume when the price breaks below the current support. Meanwhile, on […]

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Business

Gold Consolidates as It Faces Rejection at the $1,800 Resistance Zone

Key Resistance Levels: $1,900, $1,950, $2,000Key Support Levels: $1,750, $1,700, $1,650 Gold (XAUUSD) Long-term Trend: BullishGold is in an upward correction as it faces rejection at the $1,800 resistance zone. The Gold price failed to break above the 50-day line SMA as it pulled back. Today, Gold is fluctuating between the moving average lines. The […]

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Business

Dogecoin Consolidates Above Current Support as It Faces Rejection at $0.071

Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20, $0.15 DOGE/USD Long-term Trend: BullishDogecoin’s (DOGE) price is trading above the moving average line as it faces rejection at $0.071. Today, the DOGE price is fluctuating above the 21-day line SMA. On July 28 uptrend; the bulls were also repelled at the high of $0.070. […]

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Business

Ethereum Is in a Range-Bound Move as It Faces Rejection at $1,750

Key Highlights Ethereum is stuck below the $1,785 resistance zoneEther risks further decline Ethereum (ETH) Current StatisticsThe current price: $1,737.73Market Capitalization: $211,072,737,123Trading Volume: $18,556,047,106Major supply zones: $1,800 $2,000, $2,200Major demand zones: $1,700, $1,500, $1,300 Ethereum (ETH) Price Analysis August 5, 2022 Since July 18, Ethereum’s (ETH) price has been fluctuating below the $1700 resistance zone […]

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Business

Litecoin Makes an Upward Correction but Faces Rejection at $65

Key HighlightsLitecoin trades in the bullish trend zonesThe retraces and holds above $59 Litecoin (LTC) Current StatisticsThe current price: $59.05Market Capitalization: $4,958,563,978Trading Volume: $452,305,319Major supply zones: $200, $220, $240Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis August 4, 2022Litecoin’s (LTC) price has retraced and found support above the moving average lines as it […]

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Business

GBP/USD Faces Rejection at Level 1.2279 as It Targets Level 1.2053 Low

Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downward correction as it targets level 1.2053 low. The price breaks above the 21-day line SMA but failed to break the 50-day line SMA. The pair is fluctuating between the moving average lines. […]

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Business

Solana Rebounds Above Current Support but May Face Rejection at $44.50

Key HighlightsSolana is in a downward correctionSOL/USD fluctuates in a range Solana (SOL) Current StatisticsThe current price: $39.40Market Capitalization: $20,165,222,122Trading Volume: $1,849,356,164Major supply zones: $50, $70, $90Major demand zones: $40, $20, $10 Solana (Sol) Price Analysis August 3, 2022 Solana’s (SOL) price is in an upward correction but may face rejection at $44.50. The altcoin […]

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Business

Solana Fluctuates in a Range as It Faces Rejection at $47

Key HighlightsSol is in a sideways moveSOL/USD faces rejection at $44 Solana (SOL) Current StatisticsThe current price: $39.57Market Capitalization: $20,244,931,768Trading Volume: $1,839,690,976Major supply zones: $50, $70, $90Major demand zones: $40, $20, $10 Solana (Sol) Price Analysis July 27, 2020 Solana’s (SOL) price is in an upward correction as it faces rejection at $47. The upward […]

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