While the Total Index was unable to surpass its previous yearly highs, the Mallicast team predicts a corrective decline down to 2.151T. After this correction, they expect the index to reach its short-term peak at 2.306T and accumulate the necessary liquidity.
The Mallicast analysts predict a price increase to 73,915.3 once again. Pay close attention to the monthly candle and the accumulation of liquidity in this time frame. One of the Mallicast analysts has predicted that the possibility of a price correction in this trend is very low, and the time for spot buying has arrived.
Tether dominance showed a compressed downward price movement last week, and we predict a similar bearish trend for this week. Analysts from the Mallicast team foresee this downward trend as a price correction since there is a significant support level around 3.91%. They predict the decline to extend to the 4.92% range. Additionally, the Mallicast team forecasts...
The USD/CAD pair has been experiencing a range-bound movement on the monthly timeframe for quite some time. However, our forecast for the end of August is that the price will first drop to the 1.34003 level, followed by an upward move towards 1.40698. After that, we expect the price to decline again to the 1.30874 level.
The GBP/USD pair is currently in a strong upward trend compared to other dollar pairs. However, this strong trend could lead to a sharp corrective move down to the price level of 1.30445. After this correction, we anticipate the price to rise again, reaching up to the level of 1.31424.
EUR/USD has entered a corrective movement due to the neutral news released this week. We predict that this correction will continue until the price reaches 1.10616. After that, the upward trend is expected to resume towards the next resistance level at 1.11393, with a subsequent target of 1.12211.
Silver, however, has higher price levels ahead, and we can expect its upward movement to continue until reaching the price of 31.773.
Gold, however, considering the Federal Reserve's meeting minutes and the decisions to ease tightening policies, may continue its corrective decline to the price level of 2494.052.
The Australian dollar is approaching its price ceiling. We anticipate a slight downward correction before the upward trend continues, targeting a price of 0.68705.
The New Zealand dollar, showing price compression on the weekly timeframe, indicates a potential rapid movement in the future. The chart forms a wedge pattern, suggesting that price acceleration could occur in either direction. This movement is possible given the fluctuations in the dollar index and New Zealand's monetary policies, which fall within the commodity...
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The UK100 index will continue to grow at a slower pace and we will have an upward price target
Considering that indices typically exhibit an upward trend on higher time frames and are among the best choices for investment, the Mallicast team has identified the re-entry point for a buy trade at the price gap around 40298.30. They forecast the target for this upward move at 43586.25.
In the analysis of the US500 on the daily timeframe, the upward trend can potentially continue up to the level of 6139.60. However, after reaching the price of 5665.6, a correction towards the 0.5 Fibonacci level is possible, and following that, the upward trend is expected to resume.
Given the political developments and budget planning related to oil sales, there is a possibility of oil prices rising. However, this increase is not expected to reach previous levels of around $120, but rather, we anticipate prices stabilizing around $80.
The U.S. 10-year Treasury bonds, given their significant importance, are currently rising, which indicates a potential economic recession and an imminent decline in durable goods such as gold. We predict this growth to continue until it reaches 5.289%.
The U.S. two-year Treasury bonds, after reaching a yield of 5.093% and gathering liquidity, have begun to correct their previous upward trend. This correction is expected to continue until it reaches 3.555%, with the possibility of further correction down to 2.832%.
Ethereum may also experience a bearish trend this week, with the price potentially dropping to the 2307.14 range. However, this trend could be followed by a correction, leading to a potential rise up to 2872.41.