Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 was previously fluctuating between 7000 and 7600 but the bears have broken the range-bound movement. The bears have broken the lower price range and the market dropped to a low of 5366. The downward move is likely […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish After the last breakdown on March 12, the coin dropped from the high of $8,000 to the low of $4,600 and then resumed consolidation. Bitcoin has continued to fluctuate between $4,500 and $5,500. The bulls are currently […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Japan 225 index is now in a bearish trend. The downward movement is caused by a bearish triple top pattern. This is a reversal pattern that reverses a previous uptrend. The bearish momentum was very powerful as […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging The SHCOMP index is confined between the range of 2800 and 3100. Today, price is making an upward move from the lower price level to the upper range. In late February and early March, the […]
Key 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 dropped considerably and it is trading above $5,000 support level. Before the actual downward movement,the market was consolidating at the $8,000 resistance. The breakdown was very powerful as it broke the support levels of $7,000, […]
EURJPY Price Analysis – March 13 Increased selling pressures in Japanese currency at the end of the week lift EURJPY near the 119.00 marks. The BOJ liquidity injection and recovery at the early day’s risk have recently been of help to pair. Key Levels Resistance Levels: 123.37, 121.74, 199.66 Support Levels: 118.37, 117.08, 115.83 EURJPY […]
XAUUSD Price Analysis – March 13 Gold promptly returned the fall at the beginning of the Asian session to more than a month low and jumped to new session highs, as buyers return with the goal of significant growth, closer to the $1,600 mark. The latest stimulus from the Fed and market opinion about the […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is currently in a downtrend after a sharp fall. The downward movement is continuing. It is unclear when the selling pressure will subside. The first bearish impulse reached the low of 6200 and the price […]
AUDUSD Price Analysis – March 12 The AUDUSD pair continues to drive lower on Thursday, capitalizing on risk-off flows with the greenback. As of the time of writing, the pair had registered its lowest level at 0.6266 in 11 years, erasing around 3 percent daily. Increased concerns over the spread of coronavirus are triggering a […]
