Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 index is in an uptrend showing the support levels of price. The uptrend commenced in June and ended in February 2020. The interruption of the uptrend was that the market reached […]
Read moreResistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE100 share has been in a sideways trend between April and December 2019. In July the market went up as price tested the upper price range on three occasions and was repelled. UKX fell to the lower price range […]
Read moreKey Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bullish Ethereum at present is consolidating above the $220 price level. Ether has been stable soon after the last bearish move to the current support. The question is, are we expecting more downward move? Honestly not likely. The current support […]
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Read moreKey Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish The pair has continued to consolidate within the confined range. Bitcoin is making an upward move between $8,400 and $8,800. The price reached the upper price range and was repelled. This has been the scenario since February […]
Read moreEURUSD Price Analysis – March 2 The euro continued to recover against the US dollar during the European trading session, while the pair headed past the level of 1.1100. Expectations that the Federal Reserve will lower interest rates have cut US yields, and the dollar has fallen sharply. EURUSD benefits from this dollar weakness. Key […]
Read moreUSDWTI Price Analysis – March 2 WTI (oil futures) is slowing its pace of recovery from a new 15-month low level of $ 43.83 after the sell-off opening gap caused by China’s horrible manufacturing PMI data released on Sunday. On the contrary, further selling stays on the cards, and any accidental attempt to buying can […]
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• Bitcoin may start new bullish rally if $8400 can continue to suppress selling pressure • Notwithstanding, the two-week bearish correction is still valid across the major time frames After witnessing a huge downward correction in February, Bitcoin appeared to have found support around $8446 (Bitfinex) for some days now. This shows that selling pressure […]
Read moreKey Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin is currently stuck between $8,400 and $8,800. The bears attempted to pull out of the range but are still stuck in the range. Analysts are of the view that the downtrend ought to have fallen to […]
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