EUR/USD remains on the defensive for the second straight day amid a modest USD strength. China’s COVID-19 woes weigh on investors’ sentiment and benefit the safe-haven greenback. Bets for less aggressive Fed rate hikes could cap the buck and limit … [Continue reading]
AUD/USD declines towards 0.6700 amid weak Aussie Retail Sales and China’s Covid protests
AUD/USD remains muted on a negative growth in Retail Sales as China’s Covid-inspired risks carry enough weight. Market sentiment has turned cautious amid anti-Covid lockdown protests. The USD Index is holding its gains above 106.00 amid a decline in … [Continue reading]
AUD/USD Price Analysis: Bulls could be tested at 0.6750 resistance
AUD/USD bulls meeting M-formation neckline resistance. The bulls need to commit at the 0.6700 area if there is to be a retest to the downside. As per the prior analysis, AUD/USD Price Analysis: Bulls eye 0.6900s into year-end, the bias remains … [Continue reading]
Binance Coin Price Prediction: Two things need to happen for BNB to hit $450
Binance Coin price has rallied 25% in the last five days and is fast approaching a critical hurdle. A flip of $336 and $358 barriers into a support level will confirm if BNB can revisit $450. Invalidation of the bullish outlook will occur on … [Continue reading]
Litecoin Price: Two reasons why $100 LTC is not coming anytime soon
Litecoin price shows a bearish divergence developing on the daily timeframe, hinting at an incoming sell-off. On-chain metrics reveal that 22% of LTC holders are in profit, further depicting the bearish outlook. A breakdown of the $55.23 level will … [Continue reading]
Does Goldman Sachs stock market forecast apply to Bitcoin?
Goldman Sachs believes that the stock market will drop 9% in the next three months. Since Bitcoin is tightly correlated with the S&P 500, it is highly likely to follow the same path. Strategists at the investment bank are looking at two outcomes … [Continue reading]
Cardano Price: Why investor pain signals bottom formations for ADA
Cardano price ended its downtrend two-week downtrend on November 25. A flip of the $0.321 hurdle will confirm a bullish resurgence and potentially catalyze an 18% upswing. Invalidation of this optimistic outlook will occur if ADA produces a lower low … [Continue reading]
Shib Inu price is on track to appreciate 15% if this happens
Shiba Inu price has a similar movement to Dogecoin and hints at a 15% upswing. Investors should consider booking profits at the retest of the $0.0000106 resistance level. A daily candlestick close below the $0.0000074 level will create a lower low … [Continue reading]
Last bear market rally for Bitcoin price is here, and this is where it is capped
Bitcoin price shows a bear market rally might be cooking on a four-hour chart. A breakout above $16,600 will confirm a bullish move to June lows at $17,593. Invalidation of this optimistic outlook will occur if the $16,000 psychological level is … [Continue reading]
Dogecoin Price Prediction: DOGE prints fresh breakout, 20% gains likely
Dogecoin price produced a clean move above the $0.0894 to $0.0861 resistance area, hinting at a rally. Since it is the weekend, investors need to exercise caution as the markets are not resilient to manipulation due to a lack of liquidity. A daily … [Continue reading]