Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in an ascending channel. The index has been in an upward move since March. The upward move is facing resistance at level 2900. The market is on a downward move and may […]
Read moreBitcoin remains in the struggle to completely break above the $10,000 mark. The cryptocurrency reached the 5-digit mark for the second time this week yesterday but failed to break it. However, analysts are becoming increasingly optimistic that the $10,000 mark will soon become history for Bitcoin. According to the trader who correctly predicted the $3,200 […]
Read moreEURJPY Price Analysis – May 15 EURJPY stretches the leg higher after Friday’s breakout attempt seems to have run out of steam in the proximity of the 116.00 reference point. The continuing higher leg holds the potential to stretch further and to revisit the recent highs in the near-term horizon in the mid-116.50 range. Key […]
Read moreUSDCHF Price Analysis – May 15 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key LevelsResistance Levels: […]
Read moreKey Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, the Bitcoin bulls made a surprise bullish move to retest the $10,000 resistance. The bulls reached a high of $9,938 but could not push above $10,000 resistance. This will be the fourth failed attempt at the resistance. After […]
Read moreTo be used on the Reddit website, two subreddits have declared their tokens. The assets kicked off on May 13. The two subreddits, r / Cryptocurrency, and r / FortNiteBR plan to use their digital tokens on the site as “group points.” The coins are known as MOON and BRICK. These subreddits are composed of […]
Read moreAUDUSD Price Analysis – May 14 The Australian Dollar dropped significantly in the previous session by 78 pips or 1.20 percent against the US Dollar and yet today the currency pair plummeted even more in Thursday’s American session. The Covid-19 trajectory in Australia is quite optimistic but global harsh economic data and uncertainties in China […]
Read moreKey Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is currently in ascending channel. The upward move is currently facing resistance at level 5500. The market has been falling after being resisted at level 5500. The index has fallen to the lower price range and the […]
Read moreKey Resistance Levels: 74.000, 76.000, 78.000Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is in an ascending channel. Presently, the pair is falling after being resisted at level 70. The price has been resisted thrice at level 70. The market is falling to a low of 68.617. The downward move […]
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