Key Resistance Zones: 5800, 6000, 6200 Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: Bearish France 40 index is currently facing resistance at level 4600. Since March 26, the bulls have failed to break the resistance level. However, on April 29, the bulls broke the resistance but were immediately repelled below the […]
Read moreKey Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Bearish The USD/CAD pair is currently in a downward move after it reached an overbought region. At an overbought price of 1.46503, sellers emerged to push price downward. The market fell to the same low at level 1.38553 twice […]
Read moreGBPUSD Price Analysis – May 6 The GBPUSD pair eventually broke down the consolidation stage of its Asian session and in the last few hours crashed to over one-week lows, along the 1.2360 marks. The initial reversal was motivated by some follow-up bullish activity in the US dollar, that stayed widely sustained by its position […]
Read moreThe long-awaited Bitcoin halving is set to happen in the next 6 days and the whole industry is on edge to see how this event could impact the price of BTC in the short-term. There are several arguments on whether or not the event will influence the short-term price of Bitcoin. In the long-term, however, […]
Read moreXAUUSD Price Analysis – May 6 Gold keeps breaking the level of $1,700 for 3 days in a row, marking a decline of 0.27 percent on the day, having achieved a $1,708 high earlier this morning. All that being said, the precious metal also is shifting between the triangle formation and trendline of three weeks. Thus […]
Read moreKey Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish Yesterday, LTC dropped to $45 low and resumed upward move. The coin has previously rebounded above $44 low which propelled it to reach a high of $50. Unfortunately, the coin was overbought at $50 which resulted in the […]
Read moreLi Lihui, a leading member of the blockchain research team at China’s National Internet Finance Association (NIFA), believes the cryptocurrency release of the central bank is inevitable. Showing up inside a podcast hosted by People’s Daily reporting China’s digital yuan issuance or how it might affect the flow of money and financial regulation, the Bank […]
Read moreKey Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bullish Italy 40 was in a downward move as the index fell to level 17027. The ITA40 has been facing resistance at level 18000. The bulls have been repelled on three occasions at the resistance without breaking above […]
Read moreUSDCHF Price Analysis – May 5 Throughout the pre-European session on Tuesday, USDCHF holds fast to marginal gains of 0.5 percent thus moving rounds past 0.9700 levels into American sessions. By so doing, the pair is increasing rebound earnings from Friday’s low level of 0.9589, and also from the base of five weeks. The latter […]
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