Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Today, BCH falls to a low of $169 after price breakdown. Earlier on, BCH has been fluctuating above $270 price level. The bulls have been defending the support level.BCH will be in an upward move if the support […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish BTC/USD pair has been in consolidation above $7,800 since March 9. Today, the price tested a high of $8,000 and was resisted. Bitcoin encountered a sharp drop as the price fell from a high of $8000 to […]
USDWTI Price Analysis – March 12 On Thursday the price of a barrel of oil stabilized, but bulls are hit, as the US petroleum stopped its recovery attempt from a level of $30.21 and crashed almost 7 percent. West Texas Intermediate oil has depreciated from $33.60 to a price level of $30.72, because of the […]
Lately, the European Securities and Markets Authority has introduced leverage restrictions on assets that are traded on brokerage platforms in the EU and the UK. The problem here is that many retail traders cannot afford the large margin requirements necessary to support trading in such conditions of limited leverage. If you decide to trade with […]
Key Resistance Zones: 5800, 6000, 6200 Key Support Zones: 5000, 4800, 4600 France 40 (FR40EUR) Long-term Trends: Bearish France 40 index is in an uptrend as it reaches the high of 6109. The bulls attempted to break the overhead resistance at 6109 on three occasions without breaking it. On the third attempt, the bulls were […]
GBPJPY Price Analysis – March 11 GBPJPY struggles to carry out the turnaround moves of the previous day while declining to a level of 135.40, down 0.7 percent, during Wednesday’s initial Asian session. Prior market bounce on Monday to current levels eased but revived coronavirus worries (COVID-19) seem to weigh on the risk-tone, traders are […]
XAUUSD Price Analysis – March 11 On Wednesday, gold recovered some positive traction and broke two consecutive days in a loss train. The precious metal has recovered most of the nightly drop to $1,642 level, as doubts about the stimulus package proposed by US President Donald Trump to mitigate the economic impact of the Coronavirus […]
Gold Price: XAUUSD regains traction for the resumption of an upward move towards $1,675 level On Wednesday, gold recovered some positive traction and broke two consecutive days in a loss train. The precious metal has recovered most of the nightly drop to $1,642 level, as doubts about the stimulus package proposed by US President Donald […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish BTC/USD pair is now consolidating above $7,800 after its recent fall from $9,200. After it fell to a low of $7,700, the price has been fluctuating above $7,800. At the moment, the bulls are defending the current […]
