Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bullish Since February 1, the bulls have continued to bombard the resistance at $72. Unfortunately, the bulls have made two unsuccessful attempts but are unrelenting. A third attempt is also made at the resistance. A successful break at the […]
USDCHF Price Analysis – February 4 The Forex pair exited the previous session with small gains and continued to rise towards the 0.9700 level on Tuesday, supported by optimistic market sentiment. At the time of writing, the pair is trading at 0.9692 level, adding 0.32% daily. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9766 Support Levels: […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Originally, the market was range-bound between $9,200 and $9,600. BTC has been on a downward move since February 2. The bears have broken the lower price range of $9,200 and continued the downward move. Before this time, […]
S&P 500 Price Analysis – February 4 The S & P 500 rose strongly in a temporary pullback to a higher zone on Tuesday as the risk-on mood is dominating the market. Buyers have gathered significant momentum, and a breakout past 3300 could retest an all-time high near 3338.50 level. Key Levels Resistance Levels: 3400, […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bullish Ripple’s current upward move was a bounce from the low of $0.21 since January 25. The coin reaches a high of $0.24 and pullback to the low of $0.23. At the resistance of $0.24, the bulls made three other […]
EURUSD Price Analysis – February 3 The beginning of the week saw the dollar regain its bullish tone, as it rose against most major currencies on the back of stronger-than-expected US data. At the moment, the market is reversing from the EUR rebound on Friday and testing the horizontal level at 1.1095. Key Levels Resistance […]
USDWTI Price Analysis – February 3 West Texas Intermediate barrel (WTI) lost nearly 16% in January and extened its decline on the first trading day in February as markets continue to price the impact of the Corona Virus outbreak on global oil demand with its lowest level since January 2019 at $ 49.88 in the […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125,$100 ETH/USD Long-term Trend: Bullish Today, Ethereum made a bullish run and the coin reached a high of $197. Before this time, the bulls have successfully broken the resistance levels of $173 and $186 but are yet to break the resistance at $197. It was […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin has continued its sideways trend for the past one week. The market is still ranging in a tight range between $9,200 and $9,600. In retrospect, in October 2019, Bitcoin was also in a sideways trend at […]
