The US Dollar trades mixed against its major peers on Monday. Markets are in a positive tone after a quiet weekend on the geopolitical front. The US Dollar Index trades in the mid-104.00 region, looking for direction. The US Dollar … [Continue reading]
Forex Today: Busy first week of June kickstarts with PMI data
Here is what you need to know on Monday, June 3: Following the previous week's choppy action, financial markets remain subdued on the first trading day of June. S&P Global will release revisions to May Manufacturing PMI data for Germany, the … [Continue reading]
USD/INR loses traction ahead of Indian/US PMI data
Most recent article: 2024 Indian election: Continuity expected as Modi looks set to win third term Indian Rupee rebounds on Monday on the softer USD. The success of Narendra Modi's (BJP) third-term election might boost the INR. The … [Continue reading]
Bitcoin sets the stage for a potential “destruction of fiat currency“
Bitcoin price action against the US Money Stock is similar to the 1970s Stagflation Era, according to Peter Brandt's recent tweet. Brandt's post suggests that the end of this consolidation could see BTC ascend rapidly. The veteran trader suggests … [Continue reading]
Arkham price consolidation could yield fruitful double-digit returns
Arkham price shows a tight consolidation below a key resistance level of $2.58. Investors can expect a buying opportunity before ARKM attempts a 47% to $3.22. A breakdown of the $2.19 support level will invalidate the bullish thesis. Arkham … [Continue reading]
Why are meme coins crashing?
Meme coins like Shiba Inu, Dogwifhat and Floki are all down nearly double digits. The social volume of these dog-themed crypto coins has plummeted even more in the past 24 hours. Bitcoin’s lack of influence seems to play an important role in this … [Continue reading]
Here’s why AVAX price crash could be a blessing in disguise
AVAX price is consolidating in a range, extending from $31 to $39. After a failed breakout, Avalanche price has crashed by 13%. Investors can expect an 11% crash and a potential deviation of the range low at $31. A flip of the $31 support … [Continue reading]
Three reasons why meme coin enthusiasts need to stay away from Shiba Inu
Shiba Inu price continues consolidation above $0.0197 to $0.0273 level. On-chain metrics reveal that investors are looking to book profits. SHIB holders need to decide between being patient or booking profits for a better entry. Shiba … [Continue reading]
Uniswap price likely to provide buy-the-dip opportunity before rallying 45%
Uniswap price is likely to slide double-digits before it stabilizes. A bounce from the $9.26 to $8.29 accumulation zone could send UNI to $11.39 and $12.87. A breakdown of the $8.29 support level will invalidate the bullish thesis. … [Continue reading]
This Binance Coin price pattern breakout forecasts $1,000 per BNB
Binance Coin price consolidates inside a Bullish Pennant pattern. This setup forecasts a nearly 63% rally to $1,005 for BNB. A daily candlestick close below $526 will invalidate the bullish thesis. Binance Coin (BNB) price has been in a tight … [Continue reading]