S&P 500 Price Analysis – March 29 The US benchmark S&P 500 index is down to 2525 level as investors start to factor in the impact of the $2.2 trillion stimulus package for the stabilization of the economy, making it the largest tax reform package ever accepted by the US. Congress. Key Levels Resistance Levels: […]
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 has finally dropped to a low of $6,200 and the downward move may continue. The downward move became necessary because the bulls failed to breach $7,000 overhead resistance. For over a week, BTC has been trading […]
Read moreEURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. […]
Read moreKey Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD is now in an upward move after the downtrend subsided. The index is currently facing resistance at 20000. Japan 225 is consolidating below 20000 as the bulls are finding penetration difficult at the resistance. The index […]
Read moreKey Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Currently, the index is fluctuating between levels of 2800 and 3200. The price is fluctuating but more at the lower price range than the upper price range. On March 18, the index fell and broke […]
Read moreXAUUSD Price Analysis – March 27 Gold is currently priced at $1,623 level an ounce, which reflects a 0.30 percent fall on a day-to-day basis. Following declines, gold remains stuck within the trading range of successive daily candles with long wicks and small bodies established in previous sessions. Key Levels Resistance Levels: $1,703, $1,675, $1,640 […]
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• Bitcoin continues to hold gains around $6700 after two weeks of recovery • A break above $6900 could fuel more bullish rally to $7500 in the coming days Bitcoin’s volatility is still shrinking at around $6700 for the past few days now, showing no sign of interest amongst traders. While the $6900 level […]
Read moreGlobal Carnage There is uncertainty in the markets in recent times as the ongoing pandemic of COVID-19 shows no signs of slowing. We have witnessed wild volatility in past weeks across all assets with Billions of Dollars in valuation being wiped from Global markets. The great crash began on Monday 9th March 2020 with Indexes […]
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 has continued to be stable above the breakout level of $6,400. The price movement is insignificant as the bulls continue to defend the breakout level. The bears also defend the $7,000 overhead resistance. On the upside, […]
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