Share: A breakout of 1.2500 should mitigate the downside pressure in GBP/USD, suggest UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Key Quotes 24-hour view: “We indicated last Friday that ‘as long as GBP stays … [Continue reading]
ECB’s Lagarde: We covered a large chunk of the journey toward taming inflation
Share: European Central Bank (ECB) President Christine Lagarde crossed wires via an interview on the Buitenhof TV show aired Sunday wherein she said, “I think we covered a large chunk of the journey toward taming inflation and bringing it back to … [Continue reading]
Gold Price Forecast: XAU/USD bears are in the market but bulls step up
Share: Gold price stalls on the offer and bulls are moving in. Trendline resistance could come under pressure. As per the prior week´s analysis, Gold Price Forecast: XAU/USD bulls committed on the front side of the bull trend, … [Continue reading]
Terra Luna Classic price needs consolidate for longer before LUNC triggers a quick rally
Share: Terra Luna Classic price has set up a falling wedge, forecasting a 36% upswing. Investors need to be cautious as the rally might prematurely stop after tagging the intermediate hurdle at $0.000105. A daily candlestick close below the … [Continue reading]
Dogecoin Price Forecast: DOGE shows promise of a bounce amid worsening market conditions
Share: Dogecoin price stabilizes after a retest of the $0.0713 support level. A bounce off this barrier could trigger a quick 7% rally to $0.0784, but it could extend all the way to $0.0916. A decisive breakdown of the $0.0688 support level will … [Continue reading]
Binance Coin price could plummet 25% if BNB shatters this critical level
Share: Binance Coin price has set up a rising wedge pattern on the daily chart, forecasting a 25% crash. A breakdown of the $300 psychological level will kickstart this nosedive to $236. Invalidation of this setup will occur if BNB manages to flip … [Continue reading]
Can PEPE price manifest a 25% rally amid bearish market conditions?
Share: PEPE price has developed a bullish divergence on the two-hour chart, forecasting bullish outlook. If successfully resolved, the buy signal could result in a 25% upswing A decisive flip of the $0.00000147 level will create a lower low … [Continue reading]
Floki Inu price to accelerate its slow bleed, 13% downside on the cards
Share: Floki Inu price has been bouncing off the $0.0000320 support level. A breakdown of the $0.0000320 barrier could result in a steep 13% correction to $0.0000276. Invalidation of the bearish thesis will occur if FLOKI flips the $0.0000353 … [Continue reading]
XRP price likely to suffer a setback as Ripple bulls rethink strategy
Share: XRP price shows a lack of bullish momentum as it approaches a set of crucial hurdles at $0.469 and $0.495. The bearish divergence between the remittance token and the RSI hints at a potential pullback. Invalidation of the bearish thesis will … [Continue reading]
Sandbox price prints first bullish sign, 13% recovery rally likely for SAND bulls
Share: Sandbox price has set up a higher high after a 33% slide in April and May 2023. This move could form the base for a 13% recovery bounce that tags the $0.586 hurdle. A daily candlestick close below the $0.504 level that flips into a … [Continue reading]