S&P 500 Price Analysis – May 19 S&P 500 is projected to expand its rebound to level 3000, with fresh sellers at the upper edge anticipated. Although the lockdowns started to ease globally, the U.S. also lifted investor sentiment. Over the weekend, Federal Reserve Chairman Jerome Powell said the central bank had reserves to stimulate […]
Read moreKey Resistance Levels: $0.30, $0.40, $0.45Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: BullishYesterday, the bulls made a failed attempt to breach the $0.20500 resistance level. The crypto is now on the downward move after being resisted. Since the last breakdown on May 10, the upward move has been restricted below $0.20500 resistance. The […]
Read moreAndreessen Horowitz (A16z), a California-based venture capital company, forecasted on Friday that creative startups and ventures will contribute to yet another development phase in cryptocurrency. Through an official press release titled “The Crypto Price-Innovation Phase,” Andreessen Horowitz discusses how the last three bull cycles, along with the increasingly unpredictable trend, have come about. Predicated on […]
Read moreKey Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is presently rising from its low of level 10161and approaching level 11000. On the upside, if the bulls break above level 11000, the market will rally above level 11500. It other words, […]
Read moreKey Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is presently rising from its low of level 10161and approaching level 11000. On the upside, if the bulls break above level 11000, the market will rally above level 11500. It other words, […]
Read moreAs the post-halving tension eases, there appears to be a lot of changes in the Bitcoin mining dynamics which has subsequently affected the rest of the industry. Talks about a previously unknown China-based mining pool dominating the mining sector have been making rounds lately. Lubian has popped up—seemingly out of nowhere—and is now ranked as […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair was earlier in an uptrend as the market reached a high of level 0.94000. At the peak price of 0.94000, the market reached the overbought region. Sellers emerged to push prices downward. The market fell to level […]
Read moreUSDWTI Price Analysis – May 18 WTI is trading at $30.98 level at the time of writing, having moved from a $29.59bbls low to a $31.22bbls high. This week’s price of a barrel of oil is higher at the open. West Texas Intermediate (WTI) has recorded its highest price since March as analysts notice an […]
Read moreKey Resistance Levels: $225, $250, $275Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: BullishEthereum has been on a downward correction after the breakdown on May 10. Buyers find penetration difficult at the $200 and $205 resistances. After the resistance at $205, ETH fell to $191 low. At the low of $195, ETH rebounded twice […]
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