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13 04, 2024

GBP/USD Weekly Forecast: Fed’s Delayed Cut Weighs on Pound

By |2024-04-13T12:53:06+02:00April 13, 2024|Forex News, News|0 Comments

  • The dollar rallied amid a drop in rate cut expectations.
  • Markets now predict only two Fed rate cuts this year.
  • Next week, investors will focus on retail sales data from the US and the UK.

The GBP/USD weekly forecast is pointing southward, with the Fed expected to hang tight before making any moves to slash interest rates.

Ups and downs of GBP/USD

The GBP/USD pair had a bearish week as the dollar rallied amid a drop in rate cut expectations. The major event this week was the US inflation report. When it came out, investors were surprised by another month of higher-than-expected price growth. Moreover, it came after a blockbuster jobs report showing a robust labor market. 

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Consequently, there was a sharp adjustment in Fed rate cut expectations. Markets now predict only two rate cuts this year, starting in September. Inflation in the US has proven to be more stubborn than other major economies. This put the dollar in a better position than the pound.

Next week’s key events for GBP/USD

GBP/USD Weekly Forecast: Fed’s Delayed Cut Weighs on Pound

 

Next week, investors will focus on retail sales data from the US and the UK. Furthermore, the UK will release data on employment and inflation. All focus will be on the UK CPI report, which will show the state of price growth in the economy. The recent US inflation report has put the GBP/USD pair in a weak position as the timing for the first Fed cut has moved to September.

Therefore, traders will wait to see whether the Bank of England will be in a position to cut interest rates before the Fed. A decline in UK inflation would further weaken the GBP/USD pair.

GBP/USD weekly technical forecast: Price signals impending rectangle breakout

GBP/USD weekly technical forecastGBP/USD weekly technical forecast
GBP/USD daily chart

 

On the technical side, the GBP/USD price is on the verge of breaking out of its rectangle pattern. Moreover, the bias is bearish as the price falls well below the 22-SMA, and the RSI is approaching the oversold region. 

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The previous bullish trend paused when the price reached the 1.2801 key resistance level. It then consolidated with the 1.2801 level as resistance and the 1.2500 level as support. There has been a surge in momentum that has pushed the price to the 0.5 Fib retracement level.

If the price closes below the rectangle support, it will likely fall to the 0.618 Fib retracement level. Moreover, the path will be clear for the price to reach the 1.2201 support level.

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13 04, 2024

Best Mushroom Gummies of 2024

By |2024-04-13T12:50:31+02:00April 13, 2024|Dietary Supplements News, News|0 Comments


The reviews of the products in this article are created by a team of experts that is independent from Ynet’s editorial team. If you make a purchase through the links mentioned below, we may receive a commission.

In the bustling world of wellness trends, mushroom gummies have stealthily sprouted in the limelight, garnering the interest of health aficionados. These nutritional powerhouses have been renowned in Eastern medicine for centuries, and now, they’re compactly packaged into flavorful gummies to complement your daily health regimen. We appreciate your trust in navigating this blooming market with us. Our meticulous process, driven by scientific research, industry trends, and user preferences, ensures a comprehensive analysis of the best mushroom gummies available. We’ve dug deep into the forest of options to unearth top-notch choices that cater to various lifestyles and needs. So, whether you’re a busy bee seeking an energy boost or a wellness warrior desiring a holistic supplement, let’s embark on this fungi-filled journey together. Stay tuned as we unveil our top picks below, each sprouting with potential to be your new wellness companion.

1 . Sunergetic Mushroom Gummies

Sunergetic Mushroom Gummies

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These mushroom gummies are the clear winner on our list. They are packed with a powerful blend of 10 mushrooms, including lion’s mane, chaga extract, reishi, turkey tail, and cordyceps, to support your overall well-being. They are also sourced from a GMP-certified facility, which speaks a lot about their quality. Plus, not only are these gummies delicious and easy to take, but they are also vegan, gluten-free, and non-GMO.

10 mushrooms blend, Sourced from GMP certified facility, Delicious taste

Odor might be off-putting to some people

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2 . Earth & Star Mushroom Gummies

Earth & Star Mushroom Gummies

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Worried about the quality of your mushroom gummies? Unlike other products, these gummies are manufactured using only the fruiting bodies of mushrooms instead of lab-grown mycelium. The mushroom blend offers a wide range of benefits, including improved brain function, reduced inflammation, and enhanced immune function. Plus, these gummies are easy to take and taste great, making them a convenient and tasty addition to your routine.

Made from fruiting bodies, Vegan, Boosts immunity

Slight grainy texture not for everyone

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3 . Drops Of Nature Mushroom Gummies

Drops Of Nature Mushroom Gummies

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Want to improve your health without tasting yucky supplements? The mixed fruit flavor of these mushroom gummies makes them feel more like candy than supplements; you’ll have to stop yourself from taking them. They also feature a comprehensive blend of mushrooms, including, reishi and cordyceps, for those who are looking to boost their overall well-being. Plus, with their low-carb formula, they’re a great option for those who are watching their carb intake.

Mixed fruit flavor, Contains ashwagandha, Vegan

May take time to see noticeable results

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4 . Effective Nutra Mushroom Gummies

Effective Nutra Mushroom Gummies

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These mushroom gummies pack a powerful punch of 2500 mg of supplements per serving. Each serving also contains a potent blend of 10 mushroom extracts, including reishi, lion’s mane, and shiitake. The ingredients used for manufacture are also sourced from a GMP-certified facility. They’re also gluten-free, vegan, and GMO-free, perfect for people with dietary preferences. Lastly. the gummies’ delicious natural flavor will make them quite easy to incorporate in your routine.

2500 mg per serving, High-quality ingredients, Delicious taste

May cause some initial gastrointestinal symptoms

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5 . Auri Super Mushroom Gummies

Auri Super Mushroom Gummies

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The 90% absorption rate of these mushroom gummies is truly impressive. Each gummy comes packed with 12 powerful mushrooms, antioxidants and adaptogens that can help your body adapt to stress and fight off harmful free radicals. Plus, they’re made with all-natural ingredients and are completely vegan and gluten-free, making them the perfect option for anyone looking to improve their health and wellness.

12 mushrooms, 90% absorption rate, Nutrient-packed

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6 . Purify Life Mushroom Gummies

Purify Life Mushroom Gummies

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Unlike standard mushroom gummies, these mushrooms come with an average 30% larger count, so you never have to worry about running out or frequently breaking your bank. The gummies themselves are vegan, gluten-free, and non-GMO, making them a perfect addition to any lifestyle. They also come in a tasty raspberry flavor for those who are looking for health benefits in a delicious packaging.

30% larger count, Lab-tested, Gluten-free

Some customers found them to be too sweet

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7 . Nutriyum Mushroom Gummies

Nutriyum Mushroom Gummies

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For just under $25, these mushroom gummies come in an impressive 120 count, so you’ll have plenty of these delicious, fruity gummies to enjoy as a daily supplement or as needed. Ideal for those who struggle with brain fog, the gummies contain a potent blend of 10 different mushrooms, including lion’s mane, Ashwagandha, turkey tail, cordyceps, chaga, and reishi, to provide a comprehensive range of benefits to support your overall health and wellbeing. Plus, they come in a appealing fruity flavor that’ll keep you wanting more.

Contains Cordyceps & Ashwagandha, Stringent quality control, Great for brain fog

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Q: What are mushroom gummies?

A: Mushroom gummies are a type of dietary supplement that contain medicinal mushrooms in a gummy form. They are becoming increasingly popular as an easy and delicious way to consume superfoods such as reishi, chaga, lion’s mane, and cordyceps.

Q: What are the benefits of mushroom gummies?

A: Mushroom gummies can provide a wide range of health benefits, depending on the type of mushroom. Some of the most common benefits include immune system support, stress relief, improved cognitive function, and increased energy and endurance.

Q: How do I take mushroom gummies?

A: To take mushroom gummies, simply chew and swallow as you would with any other gummy supplement. Follow the manufacturer’s recommended dosage instructions, which may vary depending on the type of mushroom and the desired effect.

Q: Are there any side effects of mushroom gummies?

A: While mushroom gummies are generally safe and well-tolerated, some people may experience mild side effects such as upset stomach, diarrhea, or allergic reactions. If you experience any adverse effects, stop taking the supplement and consult with your healthcare provider.

Q: Where can I buy mushroom gummies?

A: Mushroom gummies can be found at many health food stores, online retailers, and specialty supplement shops. When purchasing mushroom gummies, be sure to choose a reputable brand that uses high-quality ingredients and follows good manufacturing practices.

Ynetnews Advisor team provides authoritative advice and reviews, distinct from the editorial team, to inform your decisions. To guarantee the correctness of product sizes, availability, and prices, AI tools are utilized in the process.

These product recommendations are designed to help you pick the best product for your needs.



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13 04, 2024

Binance Coin (BNB) Price Prediction for March 29 — TradingView News

By |2024-04-13T10:56:55+02:00April 13, 2024|Crypto News, News|0 Comments

Most coins keep rising, however, there are some exceptions, according to CoinMarketCap.Top coins by CoinMarketCap

BNBUSD

Binance Coin BNB has gained a lot of value today, rising by 5.55%.Image by TradingView

Despite today’s rise, the price of BNB is looking bullish on the hourly chart. Traders should pay attention to the local level of $613.5.

If the daily bar closes above it, the growth is likely to continue to $625 tomorrow.Image by TradingView

Bulls are also powerful on the bigger time frame. The rate is again above the vital zone of $600. If the candle closes around the current prices, there is a high chance of a test of the resistance of $635 by the end of the week.Image by TradingView

On the weekly chart, Binance Coin BNB is approaching the recently formed level of $645.2. If buyers can hold the initiative and the bar closes with no long wicks, the upward move may lead to a test of the $700 area next month.

BNB is trading at $618.5 at press time.

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13 04, 2024

USD/JPY Forecast – US Dollar Continues to Probe Higher Against the Japanese Yen

By |2024-04-13T10:52:21+02:00April 13, 2024|Forex News, News|0 Comments

USD/JPY Forecast Video for 19.06.23

US Dollar vs Japanese Yen Technical Analysis

The US dollar has probed higher against the Japanese yen during the trading session on Friday, as it looks like the greenback is going to continue to be very resilient against the Japanese yen. This makes a certain amount of sense considering that the Bank of Japan has failed to take decisive action yet again, as they seemingly are completely open to the idea of staying loose for the foreseeable future. If that’s going to be the case, then the Japanese yen is going to lose to almost all currencies, the US dollar included.

It’s worth noting that we just broke out of a massive bullish flag, and it does measure for a move all the way to the ¥148 level. After that, we could go to ¥150, and I certainly think at this point in time that most traders at least have that idea on the back of their head. The market certainly looks as if it is a “buy on the dips” situation, with the bullish flag offering a bit of support, and it certainly looks as if we are getting ready to take off to the upside given enough time. Not only does the flag offer support, but we also have the ¥138 level underneath there offering a potential floor in the market as well.

Keep in mind that level was the previous resistance barrier of the ascending triangle, and therefore a certain amount of “market memory” comes into the picture. Speaking of the ascending triangle, it also measures for a move to roughly ¥148, so I think it all lined up quite nicely and it’s probably only a matter of time before the search for yield continues to carry this pair higher as it is essentially the “carry trade” of old. It’s not until we break down below the ¥138 level on a daily close that I would be concerned about the overall trend. At this point, it does not look like we have any real threat of that, so I like the idea of going long in this pair over the longer term.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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13 04, 2024

70% of 36 protein supplements in India mislabeled, 14% contain toxins: Study | Health News

By |2024-04-13T10:45:31+02:00April 13, 2024|Dietary Supplements News, News|0 Comments


The study analysed 26 protein powders and these were either pure plant-based or blended or pure whey formulations. They either included different protein blends or those with herbal extracts. Of these 14 formulations, seven contained herbal extracts and the rest included milk, peas, soy, eggs, or peanuts.


Overall, 25 protein supplements, which comes to 69.4%, were mislabeled and protein content per 100 grams detected in the analysis was less than what was advertised for and it featured less than 10% more than the 50% deficit.

New Delhi: A first-ever observational analysis was recently conducted on the most popular protein powders consumed in India and it seems that most of these lack in terms of quality, labeling or advertisement claims. Findings of the analysis also showed that 30 brands of protein powders including those that contain herbal and dietary supplements like minerals, vitamins, or synthetic ingredients were published in the Medicine journal last week.

Protein supplements are said to be concentrates of high-protein foods used for bodybuilding or are extracts and used as a dietary supplement to fulfill protein intake as a pure source of proteins and amino acids. The analysis also showed that approximately 70% of the 36 supplements sold in India had inaccurate information and some brands managed to meet only half of their claims. Furthermore, 14% of the samples collected had fungal aflatoxins and 8% had traces of pesticide residue.

The authors of the study also noted most of the India-made herbal protein supplements have liver-toxic botanicals. The study also demonstrated that the protein-based herbal and diet supplement industry needs regulation and must conduct safety studies before marketing. Researchers also said that occasional reports were published that looked into amino acid analysis and whey protein quality to know if the product was resulting in protein spikes.

The study analysed 26 protein powders and these were either pure plant-based or blended or pure whey formulations. They either included different protein blends or those with herbal extracts. Of these 14 formulations, seven contained herbal extracts and the rest included milk, peas, soy, eggs, or peanuts. Four of the products were plant-based and 18 were whey-based or whey-blended such as isolate or concentrate. Two of these products were made in India and the rest were manufactured by multinational companies.

Out of these 36 products, nine had less than 40% protein content detected and the rest had over 60%. Overall, 25 protein supplements, which comes to 69.4%, were mislabeled and protein content per 100 grams detected in the analysis was less than what was advertised for and it featured less than 10% more than the 50% deficit. Two products from manufacturers had 62% and 50.4% lower protein content while a commonly-prescribed protein from a known brand also had mislabelled protein levels of 30% lower levels as advertised.

Authors of the study also said that some brands of proteins had more than the labeled protein content mentioned in the quantification analysis. High protein content hinted at better quality protein sources. Fungal toxin analysis also found that five out of the 36 brands were contaminated with aflatoxins that come from specific fungi. In the pesticide analysis, three samples were found to be partially contaminated with traces. BigMuscles brand was said to be the worst; one by Amway was the worst plant-based and Ensure, B-Protin, and Protinex were the worst brands advertised as best.



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13 04, 2024

Euro’s Outlook Darkens on Dovish ECB, Geopolitical Risks – EUR/USD, EUR/GBP

By |2024-04-13T08:50:32+02:00April 13, 2024|Forex News, News|0 Comments

Most Read: Euro’s Outlook Turns Bearish After ECB Decision, Setups on EUR/USD, EUR/GBP

The euro suffered a major setback this week, primarily against the U.S. dollar, though it also lost some ground against the British pound. The European Central Bank’s dovish stance during its April meeting laid the groundwork for the common currency’s downturn, which was further exacerbated by heightened geopolitical tensions in the Middle East leading into the weekend.

ECB Turns Dovish

At its latest policy meeting, the ECB opted to leave interest rates unchanged but left no doubt about its intention to transition towards a looser position imminently amid increased confidence in the inflation outlook. This guidance prompted traders to ramp up wagers that the institution led by Christine Lagarde would launch its easing campaign at its next monetary policy meeting in June.

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Monetary Policy Divergence

The prospect of the ECB moving ahead of the Fed in terms of easing is poised to be detrimental to EUR/USD in the short run. Just a few weeks ago, there were indications that the FOMC could also act in June, but a series of hotter-than-expected U.S. CPI readings and labor market data have derailed this scenario, triggering a hawkish repricing of rate expectations that has been a boon for the U.S. dollar.

Monetary policy divergence could present challenges for the euro against the British pound as well. Although the Bank of England is also seen removing policy restraint in 2024, market pricing suggests that the first cut may not materialize until August. Moreover, traders are only discounting 50 basis points easing from the BoE, whereas they anticipate about 75 basis points in cumulative cuts from the ECB this year.

Geopolitical Tensions on the Rise

Geopolitical tensions in the Middle East are set to keep the euro on tenterhooks in the short term, though any negative impact should be more visible against the U.S. dollar, traditionally considered a safe-haven asset. Concerns about potential retaliatory actions from Iran following an attack on its Syrian embassy by Israel could escalate tensions in the region, unsettling markets and weighing on high-beta currencies.

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EUR/USD FORECAST – TECHNICAL ANALYSIS

EUR/USD has dropped sharply in recent days, breaching multiple technical floors in the process. The latest leg lower has brought the pair to its lowest point since early November of the previous year, nearing a crucial support at 1.0635. To prevent a deeper downturn, euro bulls will need to staunchly protect this zone; failure to do so may prompt a retreat towards the 2023 lows.

On the other hand, should selling pressure ease and prices begin to rebound from their current position, initial resistance emerges at 1.0695 and 1.0725 subsequently. Beyond these two thresholds, attention shifts to the 50-day and 200-day simple moving averages in the vicinity of 1.0825. On further strength, the focus will be on 1.0865, the 50% Fib retracement of the 2023 slump.

EUR/USD PRICE ACTION CHART

EUR/USD Chart Created Using TradingView

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EUR/GBP FORECAST – TECHNICAL ANALYSIS

EUR/GBP dropped moderately this week, but downside momentum faded heading into the weekend as the pair found support at 0.8525 and began to move higher off its weekly lows. If the nascent recovery continues over the next few days, resistance appears at 0.8550 near the 50-day simple moving average. Looking higher, the spotlight will be on trendline resistance at 0.8575, followed by 0.8600.

Alternatively, if bears mount a comeback and EUR/GBP resumes its downward journey, support looms at 0.8525, which represents the late March swing lows. Bulls must strive to maintain prices above this technical area to prevent a breakdown; otherwise, sellers could seize the opportunity to launch a bearish assault on the 2023 lows.

EUR/GBP PRICE ACTION CHART

EUR/GBP Char Creating Using TradingView

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13 04, 2024

XRP Price Prediction Amid 11% Dump to $0.54

By |2024-04-13T06:52:13+02:00April 13, 2024|Crypto News, News|0 Comments

Last updated:

| 2 min read

XRP Price Prediction Amid 11% Dump to alt=

XRP Price Prediction Amid 11% Dump to $0.54 – Recovery to $1 Incoming? / Source: Adobe
The XRP (XRP) price came under heavy selling pressure on Friday, dumping 11% to $0.54 amid a crash in altcoin markets due to rising concerns about a potential US/Israel versus Iran war.

Israel is braced from a counterattack from Iran after they recently took out IRGC military leaders in Syria. Reports emerged on Friday that the US is moving warships to ready itself to defend Israel.

Tensions have been high in the Middle East since the October 7th Hamas attack against Israel, and Israel’s devastating counterattack into Gaza.

XRP fell as much as 16% at its lows to around $0.51, which marked new two-month lows.

The latest XRP price collapse means it has now reversed 27% lower versus its 2024 highs.

The XRP price has dropped back over 25% from its recent highs.
The XRP price has dropped back over 25% from its recent highs / Source: TradingView

And XRP price predictions could be about to get a lot more bearish.

XRP Price Prediction – Recovery to $1 Incoming?


With XRP now sharply below its major moving averages, focus is turning to a test of a long-term uptrend.

Indeed, the XRP price has followed an uptrend going all the way back to its early 2023 lows.

Should this uptrend break, a short-term retest of support in the $0.43-46 area. Even a break under $0.40 could be on the cards.

XRP price predictions would get very bearish if it broke below this long-term uptrend / Source: TradingView
XRP price predictions would get very bearish if it broke below this long-term uptrend / Source: TradingView

Of course, assuming the broader market is in a bullish phase, such a dip would probably be bought into.

But whether a recovery to $1 is incoming remains difficult to predict.

Ripple Labs maintains winning momentum in its lawsuit versus the SEC. A judge ruled last year that Ripple Labs’ sales of XRP didn’t necessarily constitute a security transaction.

And Ripple Labs predicts that its winning momentum will encourage banks to begin using its XRP-powered global payments solution.

That could substantially boost XRP’s adoption. That being said, concerns remain about XRP’s lack of decentralization.

Moreover, many are concerned that XRP lacks a major use case, when compared to other major cryptocurrencies, like Bitcoin, Ethereum and Solana.

The former is increasingly viewed as digital gold, while the latter two are fast-growing smart-contract blockchains and the homes of fast-growing decentralized finance and application ecosystems.

Crypto Alternatives to Consider


XRP investors would be right to be concerned about the cryptocurrency’s near-term price risks.

Sometimes traders hunting quick gains often turn to the shitcoin markets, looking for a quick 10x. But these markets are full of scams and pump-and-dump schemes.

A potentially much better way to make quick exponential gains in crypto is to invest in crypto presales.

Up-and-coming web3 projects often sell their native token at a big discount to early investors to fund development.

If crypto investors can identify project’s with a great use-case, vision and competent team, they may be able to flip their presale tokens for a big premium at a later date, assuming the project gains traction.

But with so many presales vying for investor funds, it can be difficult to know where to look first.

Luckily, analysts at Cryptonews spend a lot of time combing the presale market for promising projects.

Here are their 18 favorite presales right now.

See the 18 Crypto Presales

Alternatively, check out this video from Cryptonews’ Crypto Arjay who discusses some of the best presales right now.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.



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13 04, 2024

Coffee prices predicted to keep rising under impact of world prices

By |2024-04-13T06:50:11+02:00April 13, 2024|Forex News, News|0 Comments


The Vietnam Coffee Cocoa Association (VICOFA) predicted that prices of coffee in the country will keep increasing because coffee prices in the world have constantly fluctuated.
VICOFA predicts coffee prices will keep rising under impact of world prices

However, VICOFA said that it is difficult to say how much the specific increase will be.

SGGP newspaper on April 2 published an article that increased raw coffee prices delight farmers, yet cause unease among businesses. On April 6, SGGP Newspaper reported that coffee prices in the Central Highlands region had exceeded VND100,000 a kg and coffee prices in many places kept increasing by VND3,000 a kg on April 7.

The Vietnam Coffee and Cocoa Association (VICOFA) said that the general trend is that domestic coffee prices are still increasing due to the direct impact of constantly fluctuating world coffee prices; yet, the association can’t forecast the specific increase level.

According to the Ministry of Agriculture and Rural Development, Vietnam is the second largest supplier of coffee output in the world after Brazil. According to estimates, prolonged drought and heat will reduce output by about 20 percent in the Southeast and Central Highlands regions.

Purchasers and processing coffee exporters said that if the prices of raw coffee continue to increase and are as difficult to forecast as they are currently, it will continue to affect production and business activities. As a consequence, many businesses dare not to sign stable export contracts with partners but only spot contracts – buying or selling coffee for immediate settlement (payment and delivery) on the spot date.

Economic experts also warn that rising coffee prices will be very beneficial for farmers.

However, increasing prices will show signs of virtual increases resulting in some instability in the domestic market because establishments holding large amounts of coffee stop selling or they are hoarding goods to wait for new prices, which can lead to a frozen market or slow transactions.

The Ministry of Agriculture and Rural Development further informed that this year’s coffee crop will not be harvested until around October. To ensure stable productivity and the output of raw material, the Department of Crop Production under the Ministry of Agriculture and Rural Development has sent a document to localities requesting to assess the current production – consumption situation as well as the weather to continue to monitor developments and provide forecasts so that responsible agencies can give early guidance.

According to Director Nguyen Nhu Cuong of the Department of Crop Production’s preliminary assessment, this year’s productivity and output of the coffee crop in the country only reduced due to drought. In the immediate future, the Department of Crop Production continues to ask localities to guide people in implementing preventative measures to cope with drought early and work to have enough water for irrigation.

By Phuc Hau – Translated by Anh Quan





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13 04, 2024

EUR/USD, GBP/USD, USD/CAD, USD/JPY Forecasts – U.S. Dollar Tests Multi-Month Highs Ahead Of The Weekend

By |2024-04-13T06:48:07+02:00April 13, 2024|Forex News, News|0 Comments

FXEmpire.com –

U.S. Dollar

DXY 120424 4h Chart
U.S. Dollar Index tested new highs as traders reacted to the Michigan Consumer Sentiment report, which indicated that Consumer Sentiment declined from 79.4 in March to 77.9 in April. The report has also shown that consumer inflation expectations have increased, which was bullish for the U.S. dollar.

In case U.S. Dollar Index manages to settle above the resistance at 105.75 – 106.00, it will move towards the next resistance level at 107.10 – 107.35.

EUR/USD

EUR/USD 120424 4h Chart
EUR/USD remains under strong pressure as traders bet that ECB would be more dovish than Fed this year. The pullback in Treasury yields did not put any pressure on the American currency.

The nearest support level for EUR/USD is located in the 1.0600 – 1.0620 range. In case EUR/USD settles below the support at 1.0600, it will head towards the next support level, which is located in the 1.0500 – 1.0520 range.

GBP/USD

GBP/USD 120424 4h Chart
GBP/USD tests new lows as the pullback continues. Traders stay focused on general strength of the U.S. dollar.

A successful test of the support at 1.2425 – 1.2450 will open the way to the test of the next support level at 1.2320 – 1.2335.

USD/CAD

USD/CAD 120424 4h Chart
USD/CAD is moving higher as commodity-related currencies are losing ground despite the strong rally in precious metals markets.

From the technical point of view, USD/CAD needs to settle above the resistance at 1.3780 – 1.3800 to gain additional upside momentum.

USD/JPY

USD/JPY 120424 4h Chart
USD/JPY settled above the 153.00 level as traders waited for additional catalysts. There are no signs of interventions from the BoJ, which indicates that Japan’s central bank believes that USD/JPY may move even higher.

In case USD/JPY settles above the recent highs at 153.38, it will gain additional upside momentum and move towards the 155.00 level.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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13 04, 2024

Cardano ADA’s Bull Run Is Undeniable, Predicts Analyst

By |2024-04-13T04:51:30+02:00April 13, 2024|Crypto News, News|0 Comments

Cardano ADA holders are in for a treat this bull season as new positive ADA predictions continue to pour in. 

The token has adopted a gradual crypto stance this season, moving slowly and steadily. Per CoinMarketcap, ADA is down 1.6% and trading at $0.58. The token has yet to encounter bullish price action, leaving its holders to anticipate wild price theories to satiate their minds. 

Amidst such high scrutiny, a notable crypto analytics channel on X, Trend Riders, has come up with a positive prediction for ADA, instilling hopes in the hearts of Cardano holders. 

Also Read: Cardano: ADA Price Prediction Post-Bitcoin Halving

ADA Will Go Parabolic Soon, Analyst Says

Cardano ADA’s Bull Run Is Undeniable, Predicts Analyst

Trend Riders, dubbed notable crypto analysts on X, shared a new ADA price prediction update. Cardano is poised to go parabolic per their analysis, as the analyst emphasized the ADA’s current price momentum. 

In a detailed thread uploaded on X, the analysts corroborated and compared the historical data of ADA to draw positive price parallels. 

“With its second RSI crossover in history, it’s reminiscent of when prices soared from $0.05 to $3. This rare event, marking a potential trend shift as the RSI crosses its SMA, has flawlessly predicted past cycle shifts at its early stages.” 

The analysts shared that Cardano’s RSI and SMA crossover are indicative of ADA’s price streak soon. The crossover is suggestive that ADA may soon enter a parabolic zone, projecting a stunning price peak very soon. 

Trend Riders further reiterated how ADA is moving at an expected rate and is currently undergoing a gradual bull phase. 

RSI and SMA indicators are oscillators that measure the moment of price movements and sways. Speaking about it in detail, the analyst shared a reference to elaborate on his theory. Trend Riders shared how the first crossover happened when ADA was at level C19, and soon after the crossover, Cardano experienced exponential growth in its price. 

The channel later shared how the same crossover is now being repeated, indicative of its price entering a bullish phase soon. The analysts also shared how the timing is perfect for traders to explore ADA for the long haul. 

The Token’s Price Prospects For April-May

With positive predictions pouring in from all sides, Cardano is holding its ground steady while encountering moderate price fluctuations. The token has recently slipped from the top ten cryptocurrency market cap list, which has been adding more fuel to the growing fire.

Also Read: Cryptocurrency: Top 3 Crypto Coins Slated To Deliver Top Returns Post Bitcoin Halving

Per Coincodex, Cardano is expected to encounter a few price upheavals shortly. However, the crypto will eventually pick up pace post-April, up 4% and trading at $0.61. 

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.45% and reach $0.612083 by May 11, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 76 (extreme greed). Cardano recorded 14/30 (47%) green days with 8.08% price volatility over the last 30 days.”

Another crypto analytics platform, Changelly, predicts ADA to secure 8% gains by the end of April 2024. 

“Crypto experts expect an average ADA rate of $0.582 in April 2024. Its minimum and maximum prices can be expected at $0.535 and $0.630, respectively.”



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