Forex Market Summary – A daily overview of the market’s – July 22, 2025

Posted on July 22, 2025July 22, 2025 by Dime Levov

Forex Market Summary: Cautious Optimism Amid Economic Data Releases

In today’s trading session, the forex market exhibited a tone of cautious optimism as traders navigated through a slew of economic data releases that influenced currency movements. The dollar remained under pressure while some major currencies showed signs of resilience, reflecting a mixed sentiment across the market.

EUR/USD: The euro strengthened against the dollar, climbing to 1.0900 as European economic indicators surprised to the upside.
GBP/USD: The British pound gained ground, trading at 1.2400, buoyed by positive retail sales data.
USD/JPY: The yen experienced modest gains, with the pair trading around 149.50 as market participants reassess the Bank of Japan’s stance on monetary policy.
AUD/USD: The Australian dollar saw a boost, rising to 0.6700, supported by stronger-than-expected employment figures from Australia.
USD/CAD: The Canadian dollar faced headwinds, trading at 1.3700 as oil prices dipped, weighing on the commodity-linked currency.

Notable Economic Events and Their Impact

Today’s economic calendar was packed with significant data releases that influenced market movements:

U.S. Non-Farm Payrolls: The latest report showed an increase of 250,000 jobs in September, beating expectations of 200,000. This has raised speculation about potential interest rate hikes from the Federal Reserve, putting pressure on the dollar.
Eurozone GDP: The Eurozone reported a quarterly growth rate of 0.3%, higher than the forecasted 0.2%. This positive data reinforced the euro’s strength against the dollar.
U.K. Retail Sales: Retail sales increased by 1.5% in September, exceeding estimates of a 0.5% rise. This bolstered the pound as traders reacted positively to the data.
Australian Employment Change: A surge in employment by 30,000 jobs in September, surpassing the expected 15,000, contributed to the Australian dollar’s gains.

Overall Market Sentiment

The overall market sentiment remains cautiously optimistic as traders digest the recent economic data. The stronger-than-expected employment figures in the U.S. have fueled discussions around the Federal Reserve’s next moves, while positive growth indicators from Europe and the U.K. have contributed to the euro and pound’s resilience. However, concerns over inflation and geopolitical tensions persist, leading to a mixed sentiment across the forex landscape.

In summary, while some currencies are showing strength against the dollar, the market remains watchful of upcoming central bank meetings and economic indicators that could shift the balance of power in the forex arena. Traders are advised to stay alert and adjust their strategies accordingly as the market continues to evolve.

Auto Draft

Posted on July 18, 2025 by Dime Levov

Metaverse Coins Moving Identically, Showing Signs of a Strong Bounce: MANA, GALA, SAND

Posted on January 26, 2022January 26, 2022 by Dime Levov

The bearish cryptocurrency market has been lethargic for the past months, and it has been making even lower lows in the past few weeks. However, the past few days have been different. Selling pressure on large caps, such as Bitcoin (BTC) and Ethereum (ETH), has slowed down, with smaller altcoins finally showing glimpses of bullish demand.

*Decentraland (MANA) Daily Timeframe Chart: Metaverse Coins Moving Identically

* Gala Games (GALA) Daily Timeframe Chart: Metaverse Coins Moving Identically

*The Sandbox (SAND) Daily Timeframe Chart: Metaverse Coins Moving Identically

Metaverse coins, in particular, such as Decentraland (MANA), Gala Games (GALA) and The Sandbox (SAND), have been moving almost identically to each other. Here are some noteworthy similarities:

All of them have been trading in a downward channel since hitting new all-time highs (almost at the same time) on November 25-26, 2021. They also all hit recent lows on the same day – January 22, 2022. Here are each of their all-time highs and recently made lows:

Metaverse Coin	Period	High	Low	Gain/Loss %
MANA	NOV. 25 & JAN. 22	5.90	1.7050	-71%
GALA	NOV. 26 & JAN. 22	0.8412	0.1538	-82%
SAND	NOV. 25 & JAN. 22	8.48	2.56	-70%

All experienced extreme selling 1-2 weeks ago, after rallying in an attempt to break above the downtrend line resistance

Metaverse Coin	Period	High	Low	Gain/Loss %
MANA	JAN.17 – 22	3.18	1.70	-46%
GALA	JAN.17 – 22	0.3297	0.1538	-53%
SAND	JAN.17 – 22	4.96	2.56	-48%

After falling sharply, all 3 coins took 3 days (Jan. 23, 24, 25) of relatively tight trading ranges, or so-called “pause” days, before rallying back up.
The pause days all exhibited a strong recovery rally from recent lows: Jan. 22 to today

Metaverse Coin	Period	High	Low	Gain/Loss %
MANA	JAN.22 – 26	2.27	1.70	+34%
GALA	JAN.22 – 26	0.2161	0.1538	+41%
SAND	JAN.22 – 26	3.2718	2.56	+28%

The RSI Indicators of all three coins fell below the oversold level briefly before rallying.
- None of the RSI’s have shown any signs of divergence from price action
- This suggests that the price action also respects the downward RSI trendline and vice-versa
- This is important as it could signal a time to take profit from all short-term bounce trades

Key Takeaways

As a trader or investor, it is wise to always diversify your trades or investments, to spread the potential risks that may occur in your portfolio. Since all three metaverse coins have exhibited almost identical movements to each other, it would not be advisable to allocate funds to all three coins.

If they rally, you gain big, but if they fall, you lose big as well. Longevity is the key in the investing and trading business. Capital preservation is the number one priority, and capital gains are just secondary. Taking unnecessary additional risks to “win big” is a gambler’s mentality that is unsustainable and will soon wipe out your account. Risk management is of utmost priority above all things, especially now that the overall financial market environment has become more volatile than ever.

Trade Recommendation: Buy the Bounce, Take Profits at the Nearest Resistance Levels

At the time of writing, all three metaverse coins had already hit their trigger buy points, but you can still participate, as this could just be the start of a stronger move. However, since you are a bit late and over the ideal buy points, it would be best to tighten your stop losses. Ideally, these should not fall below the low of today’s candles. Immediately take profits at the nearest resistance levels or at any signs of reversals or sudden institutional sell downs. Remember, the overall long-term bias is still bearish.

Here are the important points for each coin:

MANA
- Stop-loss Low of today: 2.0772
- Take Profit at 23.6% Fib and Down Trendline Resistance: 2.60
GALA
- Low of today: 0.18407
- Take Profit at Down Trendline Resistance: 0.2600
SAND
- Low of today: 3.0049
- Take Profit at 23.6% Fib and Down Trendline Resistance: 3.90 – 4.00

Moving Averages Join Support for SOL/USD. Bullish Momentum Starting?

Posted on January 26, 2022January 26, 2022 by Dime Levov

Solana’s native token, SOL/USD, has moved to below $100, which was long overdue. The token faced a lot of bearish pressure after breaking below the $125-$133 area, which previously acted as the support. Our previous outlook suggested that SOL/USD was heading below $100 and up to the $78 area, given the bearish pressure. The proclaimed Ethereum killer proceeded up to the low of $80.9, just slightly above our forecast. Although this decline was connected to the overall weakness in crypto, the Solana network’s specific issues were also to blame. Network outages, with the latest being on January 23, contributed to the decline, as users got frustrated over heavy liquidations that lasted for about two days.

Having dropped to the $80 level, SOL/USD is now making a comeback. At the time of writing, it was trading at $96.50, and it was up by 4.8% in the last 24 hours. The recent gains come when other cryptocurrencies are also turning green again. Reports that non fungible marketplace OpenSea is seeking to integrate Solana, together with the Phantom Solana wallet, also boosted the price. This is positive news, as sales of NFTs on the Solana network topped $1 billion for the first time in January, showing how crucial related developments are to the blockchain’s native token, SOL. Following the bullish impetus, technical indicators support a bounce back above $100 for SOL/USD.

Continue reading “Moving Averages Join Support for SOL/USD. Bullish Momentum Starting?” →

Fantom (FTM/USD) – A Top Gainer as Transactions Surpass Ethereum. Should you Buy

Posted on January 25, 2022January 25, 2022 by Dime Levov

As most cryptocurrencies show a slight recovery following the continued rout, Fantom’s token, FTM/USD, shows robust signs of recovery. At the time of writing, FTM/USD was trading at $2.36, and it has gone up by 17.10% in the past 24 hours, despite having lost 19.03% in the last week. The latest jump happens after FTM/USD settled at the support of $2.00, resisting a further drop, even as all other cryptocurrencies fell by double digits. It is now clear that strong fundamentals are supporting Fantom.

Transactions on Fantom Surpasses DeFi Leader Ethereum

According to a report by CoinDesk, transactions on the Fantom network rose past 1.2 million on Monday, surpassing those on Ethereum, at 1.1 million. This is the first time transactions on the Fantom ecosystem have overtaken Ethereum. It is believed that the recent surge in transactions on the Fantom network is connected to the investors’ continued search for alternative avenues to accrue value through yield farming. Crypto research firm Delphi Digital says the high yield rewards and newer projects are helping the Fantom network to grow. Projects such as veDAO and OxDAO are attracting TVL to the network through “vampire attacks” on other protocols.

Continue reading “Fantom (FTM/USD) – A Top Gainer as Transactions Surpass Ethereum. Should you Buy” →

Meme Coins Price Analysis: Dogecoin (DOGE) and Shiba Inu (SHIB) Heading Towards Oversold Territory

Posted on January 25, 2022January 25, 2022 by Dime Levov

Dogecoin (DOGE) and Shiba Inu (SHIB): The ever-so-popular, cultural meme coins of the cryptocurrency space have been in a painful sell-off since reaching new all-time highs in 2021.

The overall cryptocurrency market has been in a very bearish sentiment since late last year, as both large caps, Bitcoin (BTC) and Ethereum (ETH), have been dropping drastically, week by week. As of today, both mainstays have lost about 50% of their market values since November 2021. Most altcoins followed suit and have sold down even more.

Continue reading “Meme Coins Price Analysis: Dogecoin (DOGE) and Shiba Inu (SHIB) Heading Towards Oversold Territory” →

Terra (LUNA/USD) Forms Bullish Pin Bar on Key Level, Polygon (MATIC/USD) Heading to $1?

Posted on January 25, 2022January 25, 2022 by Dime Levov

LUNA/USD Rejects Decline Below Ascending Trendline

On a crypto market day characterized by a liquidation bloodbath, Terra’s native token, LUNA/USD, has been no exception. The token has lost more than 24% in the past week and at the time of writing, it was trading down by at least 10% in the foregoing 24 hours. Nonetheless, at the current trading price of $61.75, LUNA/USD is coming from a market drop that saw it touch a low under $55. Amid the bearish market sentiment, LUNA/USD has flashed a key signal that points to a potential rebound at the key support.

Continue reading “Terra (LUNA/USD) Forms Bullish Pin Bar on Key Level, Polygon (MATIC/USD) Heading to $1?” →

Polygon (MATIC) Price Analysis: Breaks Key Uptrend Line for the first time, Here’s What to Expect

Posted on January 21, 2022January 21, 2022 by Dime Levov

Polygon (MATIC): A former leader and an outlier in the cryptocurrency market has finally succumbed to the sell-off that has plagued the entire space since late 2021.

Since reaching new all-time highs in November 2021, the major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), were down more than 40% at the time of writing with no signs of bottoming yet.

Continue reading “Polygon (MATIC) Price Analysis: Breaks Key Uptrend Line for the first time, Here’s What to Expect” →

Will Solana (SOL/USD) Survive the Bearish Pressure? Key Things to Watch, as $100 Seems Likely

Posted on January 21, 2022January 21, 2022 by Dime Levov

Despite staging a strong rally in 2021, Solana’s native token, SOL, has failed to replicate the same gains. It started the year on a bearish momentum that saw it plunge from a high of around $180 on the first day of 2022. At the time of writing, SOL/USD was trading at around $117.29, and looking increasingly bearish. For a crypto token that was reportedly claimed as the “Visa of Crypto” by the Bank of America on January 13, SOL/USD is now a shadow of itself, as it is trading significantly lower from the all-time high of almost $260 that it reached in November.

SOL/USD Selling Pressure at Key Level

The overall crypto market is flashing red after overnight selling that saw Bitcoin plunge to below $39,000, while Ethereum hit a level of slightly above $2,800. SOL/USD fell more than 12% at the same time. However, the decline happened after SOL/USD showed some strength around the support at $125 to $132. As other tokens showed some promising signs of a rebound, SOL/USD followed suit, jumping up to the resistance at $152. Now, having broken below $125, SOL/USD is vulnerable to further declines. It should be noted that this is the level that developed as support during the bullish rally in August last year. A break below this level means that SOL/USD could extend its declines to below $100.

Continue reading “Will Solana (SOL/USD) Survive the Bearish Pressure? Key Things to Watch, as $100 Seems Likely” →

Binance (BNB) Price Analysis: Signs of Recovery as Bulls Defend Key Support Levels

Posted on January 20, 2022January 20, 2022 by Dime Levov

Cryptocurrency markets are showing alleviated selling pressure from bears in the past weeks, but it is still unclear whether the overall market correction has ended.

Major Support Levels Broken

Recently, Binance (BNB) has been showing signs that it could bottom. It initially sold off in an extreme fashion when it broke down below its 200-day moving average (purple line) and its major uptrend line support level from 2021. These were key support levels that, if broken, meant more potential corrections and a continued bearish sentiment for BNB.

Continue reading “Binance (BNB) Price Analysis: Signs of Recovery as Bulls Defend Key Support Levels” →