USD/CAD Price Forecast: Hovers above 1.4150 as bullish bias prevails

The post Japanese Yen: Downside bias but mixed outlook – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang notes USD/JPY retains an upside bias, with scope for a test of 162.80 intraday while major resistance at 163.00 is unlikely to be reached. Over 1–3 weeks, the outlook is mixed, with trading expected between 160.60 and 163.00. On a 1–3 month view, the advance can extend as long as the pair holds above the 21-day EMA at 161.00. Advance intact while above 161.00 “24-HOUR VIEW: While we indicated yesterday that “the bias for USD is tilted to the upside,” we pointed out that “any advance is likely to be limited to a test of 162.70.” We pointed out that “support is at 162.00, followed by 161.80.” We were not wrong, as after dipping briefly to 162.05, USD rose and printed a high of 162.70. USD then eased from the high to close at 162.58 (+0.30%). Although there has been no clear increase in upward momentum, there is scope for USD to test 162.80 before a

The post Solana (SOL) Faces Critical Test at $76 Support Level as Bears Target 22% Decline appeared on BitcoinEthereumNews.com. Key Takeaways Solana has declined 3% on Wednesday, approaching critical support at the 50-day EMA positioned at $76.67 ETF inflows for SOL plummeted to $1.67M on Tuesday, a significant decrease from Monday’s $8.36M Open Interest contracted 4% over the past 24 hours to $5.31 billion, indicating diminished trader engagement Technical analyst Ali Charts cautions that failure to break through the $79–$85 resistance zone could send SOL tumbling to $53 Market participants Scient and Ryker are monitoring the $74–$77 range as a critical support area before any bullish continuation Solana (SOL) has posted a 3% loss on Wednesday, continuing a downward trajectory that initiated following a rejection at a long-standing overhead resistance trendline around $83.94. Solana (SOL) Price This pullback has brought SOL perilously close to a crucial technical support area at $76.6

The post EUR/JPY Price Forecast: Tests symmetrical triangle top above 185.50 appeared on BitcoinEthereumNews.com. EUR/JPY pares steadies after registering modest gains in the previous day, trading around 185.60 during the Asian hours on Thursday. The currency cross is maintaining a constructive bullish bias as spot holds above the moving averages, with a nine-day Exponential Moving Average (EMA) moving above a 50-day EMA, suggesting a bullish shift in momentum. The EUR/JPY cross also sits over the session Volume-Weighted Average Price (VWAP), while the 14-day Relative Strength Index (RSI) near 55 suggests positive but not overstretched momentum, hinting that buyers retain control as long as these supports are defended. Daily chart technical analysis shows the EUR/JPY cross is positioned on the upper boundary of the symmetrical triangle around 185.60, signaling an imminent bullish breakout. It shows that buyers are aggressively pushing the price up, testing a breakout. A decisive close

The post Canadian Dollar gains ground on surging Oil, rising BoC hike bets appeared on BitcoinEthereumNews.com. The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday. Axios reported that the US strikes hit a rail line in Golestan province in northeastern Iran, near the border, using cruise missiles. It marked the first US strike on Iranian infrastructure since the ceasefire took hold. Iran said multiple US artillery shells struck a railway bridge west of Aghala in Golestan early Thursday, triggering several explosions. Earlier, US President Donald Trump said an interim agreement to end the war with Iran was “over.” Iranian Parliament speaker Mohammad Bagher Ghalibaf warned Washington that any U.S. military action will prompt retaliation. It is worth notin

The post The Australian Dollar flatlines while everyone else has a war to trade appeared on BitcoinEthereumNews.com. AUD/USD trades pinned between 0.6900 and 0.6950 on Wednesday, essentially unchanged and printing the kind of indecision candle that tells traders the week’s rebound has run out of sponsorship. The Aussie has spent five sessions climbing away from the 200-day Exponential Moving Average (EMA) at 0.6900, and the reward is a market that no longer knows what to do with it: No follow-through, no rejection, just a doji parked in the middle of last week’s range. For a currency that spent June shedding almost three big figures, standing still this close to the 200-day EMA reads less like stability and more like suspense. Two hawkish central banks walk into a stand-off Wednesday’s Federal Open Market Committee (FOMC) minutes, released at 18:00 GMT, showed a committee split nearly down the middle on the next move, with the June dot grid printing nine hikes against eight holds and o

The post British Pound Sterling wins the day and stays stuck in the same trap appeared on BitcoinEthereumNews.com. GBP/USD trades just below 1.3400 on Wednesday, up around a quarter of a percent and once again leaning on the 200-day Exponential Moving Average (EMA) that has repelled every advance since the pair clawed back from its mid-June washout. Cable has recovered roughly two big figures from the 1.3150 area in under two weeks, and the reward for the effort is a ceiling it cannot break and a floor it refuses to leave. An imported inflation shock does the heavy lifting The Pound’s bid is not homegrown: Fresh US strikes on Iran sent Crude Oil surging more than 6% and dragged Bank of England (BoE) tightening expectations up with it. Markets now fully price a 25-basis-point hike by year-end, up from roughly three-quarters odds before President Trump declared the Versailles ceasefire over, and a November move trades better than even. The June hold at 3.75% already carried two dissenter

The post Bitcoin Stalls as Ethereum Flashes Worst Weekly Signal in Years: Analysis appeared on BitcoinEthereumNews.com. In brief Bitcoin fell 2.89% this week, closing at $61,749 after failing to break resistance in the $64–65K range—the key zone bulls needed to reclaim to change the short-term narrative. Ethereum confirmed a weekly death cross for the first time in years, with its 50-week EMA now below its 200-week EMA, and prediction market traders now pricing a 72.3% chance ETH hits $1,500 before it sees $3,000 again. The broader crypto Fear & Greed Index sits at 23 (extreme fear), spot Bitcoin ETFs just ended a 10-day, $2.7 billion outflow streak. The crypto market enters the second week of July in rough shape. Bitcoin is holding on, but just barely, in the low $60,000s after briefly touching 21-month lows under $58,000 last week. Ethereum is below $1,750, down around 4% on the day, and more than 30% in the last year. The broader market is down, of course, and altcoins are down hard

Bitcoin is looking slightly more optimistic but failed the breakout everyone was watching. Meanwhile, ETH just printed a weekly death cross for the first time in years.