Key Resistance Zones: 30500, 31000, 31500Key Support Zones: 26000, 25500, 25000 In 2020, US Wall Street 30 has an opening balance of 28595.20 in January. The index tested the resistance at level 28000 and was repelled. In the first quarter, the market fell to the low of 18213.50 and immediately corrected upward. In other words, […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 has a breakdown in the first quarter of 2020. UKX has an opening balance of 7542.40 in January. FTSE 100 (UKX) share crashed to level 4898.80 and the price corrected upward. The share corrected upward but faced rejection at level 6600. The price pulled […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 In January 2020, NZD/USD has an opening balance of 0.6733. However, the Kiwi has a breakdown in the first quarter of the year as price dropped to 0.5469. Immediately, the bulls buy the dips as the market resumed an upward move. In other words, […]
XRP/USD Market December 27 The support level of $0.22 may be reached before the bulls will push up the price next year 2021, provided the bears were able to maintain their pressure and sustain the price below the $0.28 level. Key Levels: Resistance levels: $0.33, $0.39, $0.44 Support levels: $0.28, $0.22, $0.17, XRP/USD Monthly Trend: […]
GBPUSD Price Analysis – December 27 GBPUSD hit an all-time low of 1.1409 in early March 2020 in response to the coronavirus crisis. Although the pair hit a 35-year low, the pair rebounded and continued to rally amid Brexit hopes, reaching a new 2020 high of 1.3554. The risk remains heightened as long as there […]
S&P 500 Price Analysis – December 27 The S&P 500 may increase by about 15% to 20% in 2021, after gaining nearly 15% in 2020. The index had hit a low of 2179.2 during March market carnage and has rebounded to print yearly highs of 3735.6 level. The recovery from lows has been swifter and […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 In 2020, Japan 225 has been trading in the bull market. However, in the first quarter, the index has a breakdown. In the previous year, the bulls have been making attempts to break the resistance at level 24000. This level caused the index to […]
Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 In 2020, SHCOMP made a brief uptrend as the index rises from level 2700 to level 3500. Later, the index pulled back to resume consolidation on the upside. The brief uptrend reached the high of level 3456.721 in August. After the resistance, the market […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 The USD/JPY pair has been falling since January. The downward move has been consistent. For example, in January the pair has an opening balance of 108.62. The opening balance has fallen to level 103.66 at the time of writing. There is every indication that […]
