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FTSE 100 (UKX) Is in a Downtrend, a Drop to Level 6633.60 Likely

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is retracing after rejection from the recent high. The share has retraced to level 6735.70. There is a likelihood of further downward move. The RSI is in the uptrend zone at level 58. UKX is likely to retrace to […]

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NZD/USD Is in a Downtrend, May Reach the Low of 0.6979

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi has resumed a downward move after rejection from level 0.7300. The pair fell to level 0.7100 and corrected upward. The downward move has resumed after breaking below level 0.7200. The price has broken below 21-day SMA and a […]

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Chainlink (LINK) Price Analysis: LINK Surges Ahead, Targets the High of $26

Key HighlightsThe crypto has a target price of $26The bulls have broken the resistance at $17 Chainlink (LINK) Current StatisticsThe current price: $19.75Market Capitalization: $19,637,590,383Trading Volume: $6,365,489,134Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis January 15, 2021Chainlink has made a positive move as it rallied to $21. Today, […]

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Japan 225 (JP225USD) Resumes Upward Move, Strong Buying Pressure Is Likely Above Level 28000

Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has been in an upward move. Presently, it is facing rejection at level 29000. The index has retraced to level 28167.70. The upward move is likely to resume as the price action is indicating an upward move […]

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Shanghai SE Composite Index (SHCOMP) Is in an Overbought Region, Faces Rejection at Level 3600

Shanghai SE Composite Index (SHCOMP) Is in an Overbought Region, Faces Rejection at Level 3600

Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The index rallied to level 3600 and pulled back. SHCOMP has fallen and it is resuming upward, retesting the resistance level. A break above the resistance will mean an upward movement […]

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USD/JPY Makes a Brief Upward Move, May Reverse at Level 104.85

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move. Since January, the market has been in an upward move. On January 11 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the Yen will […]

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