Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Shanghai SE Composite Index is in a sideways trend in February 2019. In January the index was in an uptrend. SHCOMP rose from the low of 2464 to the high of 3219 and became overbought. […]
EURJPY Price Analysis – February 28 In addition to the hysteria surrounding COVID-19, EURJPY is distressed from additional JPY-buying amid increasing global demand for a safe-haven. Against this context, the near-term horizon should not rule out a push to the region of 2020 lows close to the 118.46 level. Key Levels Resistance Levels: 122.87, 121.47, […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Surprisingly, the downward move has reached an advanced stage as Bitcoin approaches the next support at $8,400. In its downward move, the price fell to $8,500 low and made a pulled to retest $9,000 price level. After […]
S&P 500 Price Analysis – February 28 The S & P 500 has a deep pullback beneath Simple Moving Averages (SMAs) while selling pressure hit past 3100 levels downwards at new lows in 2020. The spread of Coronavirus makes investors fear global growth. Continuous stays beneath the stated level may increase further selling expanding down […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Since February 15, BCH has been on a downward move. The coin has fallen to a low of $301 which is below the breakout level of $360. At this current support, BCH has fallen to the oversold region […]
AUDUSD Price Analysis – February 27 The AUDUSD pair capitalized on a large USD weakness, after reaching its lowest price level on Wednesday in over 10 years at 0.6540 level while holding on to recent gains on Thursday, the FX pair rebounded, going up by 0.55% daily and presently at 0.6585 level. Key Levels Resistance […]
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 is still on a downward move. On February 25, the bears broke the support at $9,200. After the support at $9,200, the selling pressure continues, as the bears approach the next support at $8,400. Nevertheless, the […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bullish The index is in an uptrend. It has been making a series of higher highs and higher lows. On July 29, 2019, the market reached its high of 6800. It was said to be in the overbought […]
USDWTI Price Analysis – February 27 West Texas Intermediate (WTI) oil, which has reached $47.70 level a few minutes before the time of Press, is priced in $47.78 a barrel. The first half of January 2019 showed this level last. The selling could be linked to the safety flight caused by coronaviral problems outside China. […]
