Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging SHCOMP index is still fluctuating between the levels of 2800 and 3100. On March 5, the bulls reached a high of 3074 and were resisted. The market continued its downward move. The price breaks the […]
EURJPY Price Analysis – April 17 EURJPY stays underneath strong downside tension this week so far in reaction to the soft European currency numbers and safe-haven capital flows lifting the Japanese yen to the lows around the sub-117.00 level of 2020. Key Levels Resistance Levels: 122.87, 121.00, 119.24 Support Levels: 116.12, 115.83, 114.84 EURJPY Long term […]
USDCHF Price Analysis – April 17 During the European session on Friday, USDCHF stays soft at around 0.9660 level into the American session and, in doing so, the pair stays neutral while retaining market action for sellers as well. The early optimism concerning COVID-19 virus treatment proved out to be short-lived after Gilead Sciences issued a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Since April 7, Bitcoin has been fluctuating between $7,400 and $6,600. Yesterday, the market reached a high of $6, 985 and was repelled. Immediately, BTC dropped to a low of $6,500. At the moment, the bulls have […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish The index is still in an upward move. Yesterday the bulls were resisted at the price of 5500. Today, the market is showing some bearish signals as the market continues its downward move. On the downside, if […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Ranging The AUD/JPY pair was earlier in a sideways move. In December and January, the pair tested level 76.000 but was resisted. The market resumed a downward move. In the downtrend, a bull candle tested the 0.786 Fibonacci retracement […]
AUDUSD Price Analysis – April 16 During the European session, the AUDUSD pair dropped further while testing the low level of 0.6265 into the American session as Australia’s positive labor market data performed poorly to propel the AUD. The Australian Bureau Statistics (ABS) announced that Australia’s jobless rate ripped up to 5.2 percent from 5.1 […]
EURUSD Price Analysis – April 16 This Thursday, the EURUSD pair slid to 1.0852 level, then upwards toward the price zone of 1.0910 level due to the release of crucial US data. The mood of the market remains mixed amid the strength of the USD, depending on the possibility of economic re-opening. However, the economic deadlock end […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Following the breakdown on April 12 and 13, the market resumed consolidation above $220 support for two days. Today, BCH has resumed its downward move after breaking below $220 support. The price has dropped to $212; a further […]
