Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US Wall Street 30 upward move has been hindered near the 23000 resistance zone. The bulls tested the resistance zone twice before pulling back. The upward move is doubtful as the index continues to fall. […]
Read moreResistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 share upward move is presently facing resistance at 5750. The bulls have made two attempts to penetrate the resistance but to no avail. The market is falling after two unsuccessful attempts at the resistance. On the downside, […]
Read moreGBPUSD Price Analysis – April 5 The GBPUSD pair concluded the prior week with a loss to 1.2263 level, though at the peak of respective prior weekly levels. On Friday the pair declined to 1.2205 level as sellers recovered momentum beneath 1.2300 level, though the greenback demand seemed relatively strong. Key Levels Resistance Levels: 1.3514, 1.3172, 1.2506 Support […]
Read moreS&P 500 Price Analysis – April 5 In the first quarter of the financial crisis, the S&P 500 reported its worst performance, as recorded cases of coronavirus now amount to over a million globally. The S&P 500 began the new quarter after rising by 17.9% relative to its low in the last seven trading days, with […]
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 Since April 1, Bitcoin has been fluctuating between $6,000 and $7,000. Today, BTC reached a high of $6,917.90 but the bulls fail to break the resistance level. Consequently, BTC is on a downward move. Its initial fall […]
Read moreIn a tweet on Wednesday, Changpeng Zhao (CZ) CEO of Binance revealed that the Bitcoin mining pool is getting unveiled in Q2. The report is only weeks out from the third halving event of Bitcoin. Reports began circulating of another prospective Binance project over the last few days when CoinMarketCap.com was recently acquired. This development by Binance […]
Read moreKey Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD upward move has been hampered because of the resistance at 20000. The index is falling back to the 16000 low. The upward may resume if the index falls to the low of either 16000 or 17000. […]
Read moreKey Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Presently, the index is fluctuating between levels of 2800 and 3100. SHCOMP is consolidating more at the lower price range. On March 23, the lower price range was broken and the market reached the low […]
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• The bullish trend remains valid but Bitcoin needs to close well above $7000 to start a fresh rally • Bitcoin is forming a bullish setup in an hourly channel • Bitcoin is holding weekly support at $5880 After making a false breakout yesterday, Bitcoin’s price dropped and continued to hold strongly around a […]
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