MATIC price is nearing the $1.13 price level, breaching it will reignite the altcoin’s rally. On the macro scale, MATIC is still maintaining the uptrend that began five months ago. The recent upsurge in investors’ presence indicates MATIC holders are … [Continue reading]
EURUSD surged almost 4% weekly, eyeing the 200-DMA
EURUSD finished up in the week close to 4%, spurred by a weak US Dollar. Softer-than-expected US CPI report and consumer inflation expectations rising tumbled the US Dollar. The double-digit inflation level in Germany underpinned the Euro. EURUSD … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: What to consider for the remainder of Q4
Bitcoin shows a divergence between summer lows and the newly established low at $15,632. Ethereum price surged by 20% after the free-fall decline earlier in the week. XRP price could be confined to a wide range for the remainder of the year. The … [Continue reading]
Silver Price Analysis: XAG/USD, rejected above $22.00, eases to $21.40 area
Silver's rally fails at $22.05 and retreats to $21,50. The precious metal has reached an important resistance near $22.00. With RSI at overbought levels, some consolidation is likely. Silver prices’ uptrend from early November lows in the area … [Continue reading]
USDMXN to move toward 19.00 over second half of 2023 – Wells Fargo
In the short-term, economists at Wells Fargo expect a range bound Mexican Peso, while MXN can gradually strengthen over the second half of 2023 into early 2024. USDMXN to hover between the 19.50-19.75 range into mid-2023 “Going forward, we expect the … [Continue reading]
Dollar peak might be past us, but a USD downtrend may not be there yet – ING
Yesterday’s US Consumer Price Index (CPI) read dealt a big blow to the Dollar. Nonetheless, economists at ING think it is premature for a sustained Dollar downtrend. Too early for a broad Dollar downtrend “It simply appears too early to call victory … [Continue reading]
TRON’s TRX skyrockets 387%, but can FTX traders benefit from this?
Justin Sun’s FTX plan has caused Tron's native token TRX to trade at $0.28 on FTX while its market value on Binance sits at $0.056. Following FTX and Justin Sun's agreement on a 1:1 TRX swap, the altcoin shot up by 4,126% on November 10. FTX users … [Continue reading]
AUDJPY inclines towards 94.00 ahead of RBA policy minutes
AUDJPY is inching higher towards 94.00 as the focus has shifted to Tuesday’s RBA policy minutes. RBA minutes will provide a detailed explanation behind keeping the pace of the rate hike at 25 bps. Japan’s Kanda reiterated that officials are … [Continue reading]
GBPJPY Price analysis: Testing the neckline of an “H&S” pattern at 165.00
The Pound fails at 167.10 and returns to the support area at 165.00. Below 165.00 the pair may activate an "H&S" pattern targeting 160.00 or lower. The Pound headed south against the Japanese Yen for the third consecutive day on Thursday, … [Continue reading]
EURJPY under pressure, testing 144.00 as Yen soars across the board
Japanese yen soars after US CPI numbers on expectations of a less aggressive Fed. US Dollar tumbles, USDJPY is down more than 400 pips. EURJPY testing critical support area 144.00. The EURJPY cross is having the biggest daily decline in … [Continue reading]