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DXY: The DXY (US Dollar Index) chart currently maintains a bearish overall momentum, indicating the potential for a bearish continuation towards the 1st support. The 1st support at 102.63 is identified as an overlap support with a 61.80% Fibonacci retracement, signifying its importance as a significant level where buying interest may emerge. This level adds […]

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EUR/USD Holds Support But Can It Increase Again?

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26/07/2024

Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data

The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh strength is probing again through 200DMA (104.13), which capped the […]
11/03/2024

EUR/USD Hits 8-Week High

The euro is trading above USD 1.09, hitting its strongest point since mid-January on Friday, helped by news from both the US and Europe. Friday’s news showed that the US labor market is weakening: → The change in employment in the non-farm sector showed an increase in jobs = 275k for the month, although last […]
30/11/2023

BTC/USD Analysis: New High for the Year Shows Bulls Are Indecisive

During November, the price of bitcoin increased by approximately 10% in anticipation of the launch of a bitcoin ETF. But the positive sentiment of crypto investors is seriously overshadowed by news regarding Binance: → Changpeng Zhao resigned as head of Binance.US, pleading guilty to money laundering charges. He also agreed to pay $50 million in […]