Theexcelentrepreneur

Theexcelentrepreneur

DAILY CRYPTO MARKET ANALYSIS March 6/4/2022 ADA/USD After printing a double top candlestick pattern on the hourly chart Cardano price action made an attempt to trade below $1.2c support as the overall market sentiment dwells in a bearish condition. In essence, the price of Cardano will hit near-term support at $1 if at all the volume of the bears outweigh...

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DAILY CRYPTO MARKET ANALYSIS March 31/3/2022 ADA/USD From the 1-hour chart, Cardano's bullish price action went on a pause as the market tends to neutralize the overbought conditions that have taken place so far in the prior session. However, if the price of the asset should plunge below $1.12, then near-term support will be met at $1.03. On the other hand, if...

Theexcelentrepreneur

DAILY CRYPTO MARKET ANALYSIS March 22/3/2022 ADA/USD After undergoing consolidation price movement, Cardano was spotted printing some bullish candlestick patterns across the hourly and the daily price chart. In essence, if market price movement should continue this way ADA/USD will hit immediate resistance at $1.3. BTC/USD BTC/USD steadily approach $48K...

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DAILY CRYPTO MARKET ANALYSIS March 22/3/2022 ADA/USD After several attempts, Cardano finally trade above $0.94 resistance as the market aim to hit near resistance at $1. BTC/USD Across the hourly and daily price chart BTC/USD maintain a bearish price action to the south. As the price of the asset face rejection above $42K resistance. ETH/USD ETH/USD...

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March 15/2022 ADA/USD Across all time frame cardano extend sideways price action along $0.7 support. However if the market volatility should cardano could extend bullish rally to the north. BTC/USD The overall price movement of BTC remain neutral after the market was assumed to have lack momentum. However if volatility should rise BTC/USD could hit near...

Theexcelentrepreneur

Daily Crypto Market Analysis March 09/2022 ADA/USD Cardano finally break above $0.84 resistance however the market was observed to have lost bullish momentum which makes it difficult for the ADA/USD asset pair to extend bullish rally further. BTC/USD From the hourly chart After printing a series of bullish candlestick patterns in the previous trading...

Theexcelentrepreneur

Since the past few days, Litecoin price action seems to be a little unchanged after facing strong Bearish rejection along 140 resistance the market had remained stalled. However, if the price of litecoin should plunge below the $125 support the market may tend to meet near-term support at $110.

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FOREX TRADING TIPS: How To Approach The Market Even If The odds Of Winning Are Not In Your Favour January 23/2022 It's hard to believe that you can still profit from the market even when your trading positions are down in the red pool. The trick is to follow the rules of the market. Once you understand the rules that guide what makes the price go bullish or...

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DAILY FOREX MARKET OUTLOOK: EUR/USD Market Briefing December 30/2021 EUR/USD hourly trading chart posed a strong contraction price movement, as the overall trend direction of the currency pair seem to be fluctuating along the highs and lows of the support and resistance levels. In addition the price action of EUR/USD has been trading with a downward negative...

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DAILY FOREX BRIEFING USDSCAD TECHNICAL ANALYSIS December 22/2021 The US dollar has been rising against the Canadian dollar since the past trading session. After hawkish federal funds rate tamper statement from the Federal Reserve chairman Jeremy powell concerning the inflation breeze that is blowing across the US economy. In addition market speculators are on...

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UNDERSTANDING THE IMPACT OF THE US CPI DATA ON THE FX MARKET December 19/2021 When the market is booming it's crucial to understand the factors behind the surge that's taking place in the currency market. On the other hand understanding, the importance of the CPI is indeed a crucial step for having a profitable trading experience. How often have you heard...

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WEEKLY MAJOR CURRENCY ROUND UP December 3/2021 ADAUSD: The Australian dollar strongly dip against the greenback after the over circulated announcement the fed chairman made concerning the tightening of monetary policy soon which in turn propelled the policymakers to have intentions of raising rates soon. However, the market has been trading with these sentiments...

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Daily forex market briefing December 1/2021 The Australian dollar rose sharply against the greenback on Wednesday after concern about the omicron variant shook the entire major currency market. The dollar is one of the most liquid major currency trading instruments, has felled by almost 0.3% following the federal reserve hawkish remarks on a rate hike in the...

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The New Covid-19 Variant (OMICRON) Brought A Trembling Emotions To The Forex Market. November 29/2021 The USDJPY market saw an inflow of price dip after the ongoing announcement of Omicron the Coronavirus variant that was suspected from the southern African region earlier on Friday, last week, took charge of the entire financial market on Monday. The US dollar...

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DAILY FOREX MARKET BRIEFING: USDJPY MOVE WITH A BEARISH TONE November 26/2021 Today the market performance of the dollar against the Japanese yen saw an increasing inflow of bearish moves, following the rejection of price above the ¥l15.84s resistance line. While it's assumed that the greenback has been gaining ground against its other major currency pairs ever...

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MAJOR CURRENCY MARKET TECHNICAL ANALYSIS OUTLOOK November 25/2021 The US Dollar has gained a continuous inflow of strength against Its major currency counterparts, in this post we've covered a brief detail concerning the performance of the dollar against the other major currencies. AUDUSD price dip below the $0.7354 resistance line, while market price action...

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DAILY FOREX MARKET BRIEFING November 24/2021 The Aussie dip against the greenback as poor economic releases flashes from the kiwi zone. With less focus on fundamental analysis, the technical analysis of AUDUSD has much to say concerning the bearish price action of the currency. From a candlestick price action outlook on the AUDUSD Chart. Market speculators will...

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DAILY FOREX MARKET BRIEFING: AUDUSD MARKET OUTLOOK November 23/2021 The Australian dollar extend loss against the greenback while the market approach the depth of the support line. On tuesday the broad-based price direction of AUDUSD exist along the bearish zone. After a stronger than expected US economy reports echo through out the major currency market last...