S&P 500 Price Analysis – March 31 The S&P 500 index rose to weekly highs of 3,983.4 on Monday, but the upside bias has dwindled ahead of the 4000 key barriers in the current session. The US 10-year Treasury yield stays firm around the highest since January 2020. Dollar and US yields will continue to […]
US Oil (WTI) dropped in the short term after reaching a resistance area. Actually, a temporary decline was somehow expected after the amazing rally started in November 2020. Everyone’s wondering if the corrective phase will continue after the short-term rebound from 57.28, or the US Oil price will resume its major, long-term, uptrend. Personally, I […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair was in a downward move in March. On March 1, the pair was resisted at level 1.2700 and it plunged to level 1.2400. On March 18, the bulls bought the dips and resumed upward to reach the high […]
STELLAR Price Analysis – March 31 When the bulls break up the resistance level of $0.42, the price will increase towards $0.50, and $0.57. In case the bears, breakdown the support level at $0.33, Stellar will decrease to $0.22 and $0.16 levels. XLM/USD Market Key Levels: Resistance levels: $0.42, $0.50, $0.57 Support levels: $0.33, $0.22, […]
Key HighlightsThe biggest altcoin faces resistance at $1,865 highEthereum retraces, resumes range bound movement between $1,600 and $1,800 Ethereum ETH) Current StatisticsThe current price: $1,838.37Market Capitalization: $211,914,097,732Trading Volume: $22,344,437,333Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 31, 2021 For the past three days, Ethereum has been rising […]
AUD/USD drops like a rock in the short term after ending its temporary rebound. USDX’s further growth may force the pair to drop deeper. The USD has taken the lead again after the US CB Consumer Confidence jumped from 90.4 to 109.7 points beating the 96.9 expectations. The greenback needed a bullish spark from the […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS Wall Street 30 is in an uptrend but it is facing resistance at level 33200. The index is also approaching the oversold region. On March 18 a retraced candle body tested the 78.6% Fibonacci retracement level. […]
EUR/CHF trades higher at 1.1064 level after retesting some immediate support levels. The pair escaped from a continuation pattern, so now is somehow expected to resume its swing higher. Still, we need confirmation before going long on this pair. The German Import Prices registered a 1.7% growth in February which is good for Euro. On […]
USD/CNH registered a new higher yesterday by closing at 6.5746 above 6.5625 former high. Technically, the pair tries to develop a new uptrend, a bullish reversal after breaking above the major downtrend line. The currency pair may resume its upside movement, the uptrend, if the US economic data continues to come in line with expectations […]
