SoryKaba

SoryKaba Updated 

The price of Cardano has been suffering from intense bearish pressure due to the lack of dex's on its ecosystem and with the Cardstater and Sundaeswap current conflict, there will be a bit more pressure. Cardano has reached close to its all-time low within the last year of about $1.00 However, the Sundaeswap addressing the issue with their mainnet release...

SoryKaba

The dollar has increased buying pressure due to inflation. Inflation is a huge warning for stocks but does well for currencies for a short time period. I will be watching the effects of inflation and capital being moved more and more into the crypto market

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Increased bearish pressure going towards the next support level. The increased desire for safe-haven currencies has investors looking into USD and JPY

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Increased selling pressure with the Aussie with strength coming from the dollar

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The Euro has weakened and had an increased sell pressure, especially against the dollar. I expect the pressure to continue until it reaches the next major support level.

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Usdjpy is has rejected it major resistance level and is now heading for the downside.

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The yen is experiencing pressure as the dollar gains momentum and the market starts to recover from covid-19. This could be the starting point of a bigger bearish momentum however it is still in the range of a good buying level until it breaks the larger overall uptrend then a downtrend would seem prominent.

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The dollar has broken for the upside and it seem that the dollar is continuing for the upside especially with the positive improvement with nonfarm payroll and unemployment and vaccine improvement.

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Uj has been bearish over the last couple of weeks but the bearish pressure has been easing Its good to notice that the bearish momentum has broken through key levels but projecting forward I expect bullish opportunities to emerge Please follow for more updates and technical analysis

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Strong bullish movement through several key levels and I project the strength to continue

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Projected bearish movement with strong channel.

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Right now I'm a bit uncertain of the direction of EU Due to that, I'm going to watch the pair