USDWTI Price Analysis – April 20 WTI Oil plummeted at the beginning of the week’s market falling underneath the $15/bbl as the globe was growing out of storage and crude stocks began to accumulate owing to coronavirus shutdowns in most of the global economy. Crude may have been the ultimate casualty of the decline of […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is in a bear market. At the low of 0.83012, the pair rebounded and reached the high of 0.94374. At the current high, the market reached the overbought region. Sellers emerged to push prices downward. […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish The bulls broke the overbought region as Ether reached a high of $190. The bears pulled back to $176 low as the market continues upward move. ETH is trading at $184 at the time of writing. On the upside, […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bullish US30USD has broken the resistance at 24000. The market is currently above 24000. Unfortunately, the index has reached the overbought region of the market. It appears the upward move may be interrupted as sellers may […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish The share is still faced with the resistance at 5750. The bulls broke the resistance level but could not sustain the upward move. The price is declining and may fall below the resistance level. On the downside, if price […]
GBPUSD Price Analysis – April 19 The GBPUSD pair swiftly regained approximately 100 pips from weekly lows and somehow do seem to be swinging back past the 1.2500 marks to the top end of its daily trading range. However, the FX pair reached the peak in a month following hospital discharge of Prime Minister Boris […]
GBPJPY Price Analysis – April 19 GBPJPY posted a recovery within the near-term ascending channel while raising offers to sub-135.00 levels, up 0.25 percent from its recent lows as of Friday, the pair records lower volatility compared to recent days following the risk-tone situation of coronavirus (COVID-19). Key Levels Resistance Levels: 147.95, 139.18, 135.76 Support […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, Bitcoin rebounded at a low of $7,097 and reach the resistance at $7,200. Earlier on the bulls have taken price above the $7,000 resistance and sustained hold above it. It is unclear if BTC will survive […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Japan 225 index is trading below 20000. In today’s candlestick illustration, there is a candlestick with an upper long shadow. This indicates that buyers were able to push price to the 20000 resistance but were overwhelmed. The […]
