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FxNews.me — Technical Analysis

FxNews—Bitcoin dipped from its all-time high of $104,000 on December 5 with a sharp bearish wave, which resulted in testing the 23.6% Fibonacci retracement level at $90,980.


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Litecoin remains bullish above $113, facing potential resistance at $140. A bearish divergence in RSI hints at possible consolidation near $123.


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A dip below $1.05 can potentially trigger the EUR/USD downtrend, which targets $1.043. Please note that a close above $1.06 invalidates the bearish outlook.

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EURUSD Near 1.056 as Macron Plans Budgets

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The euro steadies near $1.06 as France eases political fears, and the ECB plans rate cuts to tackle inflation, contrasting with the US Fed’s approach.

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GBP/JPY approaches 191.8 resistance. A break above could target 193.8. Downside risk if it falls below 190.9. Watch for shifts in momentum.

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EURUSD Faces Resistance Near $1.052 Amid Downtrend

EUR/USD is trading near $1.053 after resuming its downtrend, facing resistance at $1.052. Bears might push the pair down to $1.043 if this level breaks.

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GBP/USD remains bullish, trading above $1.272 resistance. Eyes set on $1.285 as next target if support at $1.271 holds.

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GBPJPY Overpriced Near Key 193.8 Resistance

GBP/JPY resumed its uptrend, surpassing the 75-period SMA and facing overbought conditions at the 38.2% Fibonacci resistance, targeting the 195.3 mark next.

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AUDUSD Declines Toward $0.634 Amid Oversold Signals

AUD/USD continues its bearish trend, approaching critical support at $0.634. Indicators suggest a potential reversal as the market is currently oversold.

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Gold Prices Hold Steady Ahead of Key US Inflation Report

Gold steadies near two-week highs as investors await US inflation data, global rate cuts, and rising Middle East tensions.


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Bitcoin Trades Sideways above 98K: What's Next?

Bitcoin trades at $101,000 after peaking at $104,000. Prices stabilize, though a short-term dip is likely as indicators suggest overbought conditions.

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Ethereum Slows At $4000: Adjust Your Bullish Strategy

Ethereum's price jump to $3900 reflects a bullish trend above 75-SMA. With resistance set at $3968, a break could propel ETH to new heights.

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Litecoin Climbs to $122: Key Points for Next Bullish Move

Litecoin surged to $122 and rose above the 50% Fibonacci resistance. RSI and Stochastic suggest the uptrend will continue, potentially reaching $137.

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Solana Targets $237 Amid Overbought Signal

Solana trades bullish above $225 key support. The next bullish target could be $237, followed by $247.0 if the %50 Fibonacci support level holds.

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XRP Hits Barrier at $2.4: Bullish or Bearish?

Ripple slides above 75-SMA. If XRPUSD exceeds $2.55, the next bullish target could be $2.90.


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Bullish Crude Oil Signals Overbought at $70.5

Crude oil tests $70.5 resistance as Stochastic records show 92, indicating overpriced oil. The commodity could dip toward $69.7 before the uptrend resumes.

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EURJPY Risks Fall to 157.6 if This Resistance Holds!

FxNews—EUR/JPY shifted above the 75-period SMA, trading at approximately 160.0. The technical indicators hint at a bearish trend should prevail. A dip below 158.9 could trigger a new move to 157.6.

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Watch GBPUSD as It Targets $1.261 After Key Drop

FxNews—GBP/USD dipped below $1.273 after it failed to hold above the critical resistance. A dip below the immediate support ($1.265) could result in further losses, targeting the $12.61 support.

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GBPJPY Seeks Support at 192.4 to Sustain the Bullish Rally

GBP/JPY became overbought after the price hit the 195.0 high. Consequently, the currency pair dips toward immediate support at 192.4. The trend outlook remains bullish if the 75-SMA holds and bulls break the 195.0 resistance.


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