Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is in an uptrend as the index reaches a high of 25427. On February 19, the index was overbought and the bulls were resisted. The market fell from a high of 25427 to a low […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US Wall Street 30 index is in an uptrend as it reaches the high of 29584. The bulls were resisted and the market has a downward move. The breakdown reaches a low of 26000. After […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish On March 8, Ripple has a breakdown to a low at $0.20 and resumed consolidation above it. For the past two weeks, the bulls and bears have been tussling above the $0.24 price level. The bears finally overwhelmed the […]
USDCHF Price Analysis – March 10 The USDCHF is recovering from a low level of 0.9181 as it is bidding towards 0.9370 level, up 0.83% ahead of the US session on Tuesday. The pair got tips from a signal from global politicians to further stimulate the economy, as well as China’s mitigating barriers for travelers […]
S&P 500 Price Analysis – March 10 The recent selling in oil price led to a further decrease of the S&P 500 index and it declined by -7.60%, which strengthened the tone of risk already prevailing in the markets due to the outbreak of coronavirus outside of China. After the previous decline, the S & […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish The share value of FTSE 100 has been fluctuating between 7000 and 7600 in April and December 2019. Many times the bulls have made unsuccessful attempts at the resistance without breaking through it. Recently, in February the bulls made […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 index is in an `uptrend. Last week, the bears pulled back to retest at 27000 resistance. The index suffered another round of selling as it fell to 23640. US30USD will make […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bearish Germany 30 is in a bear market. The index makes an initial upward move to a high of 14000 before nose-diving to its low of 10354. At this price, the market reached the oversold region of 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’s upward move was interrupted because there was heavy selling above $9,500. The bulls buying power could not sustain higher price levels. The bulls were resisted at $9,200 as the downward movement continues. The price breakdown extended […]
