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Bitcoin: Newest Collapse of Value shouldn’t Surprise Traders
Ethereum: Intriguing Month of Results Promises More Wagering
USD/ZAR: Trading Range Could Offer Speculative Range Still
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USD/INR: After Big August Moves Delivered, September Awaits
The USD/INR will start the month of August near crucial short term support levels, this after achieving record high values in the middle of July.
The USD/ZAR will begin the month of August within a technical middle ground per its one month chart and traders should be ready for choppy conditions to emerge.
After creating a high not seen since 1998 in the USD/JPY in mid-July, the currency finished trading for the month near lows not seen since mid-June.
ETH/USD has been able to sustain gains that it has produced incrementally, increasing support levels and helping to create a rather speculative technical tide of wagers.
The gold markets have been drifting for quite some time, reaching down to the crucial $1700 area.
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The EUR/USD pair has been on a downward trajectory for some time, as we are threatening parity.
The GBP/USD currency pair has been hanging about the 1.20 level during most of July.
The West Texas Intermediate Crude Oil market was all over the place during July, and I suspect that August probably has more of the same in store for traders.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 rallied a bit heading into the month of August, as we have pierced the 4000 level.
The NASDAQ 100 tried to recover toward the end of the month in July, as we are very volatile, to say the least.
As the month of July is ready to close BTC/USD has produced a more positive trajectory, but gains have proven incremental and the speculative struggle ensues.