Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 upward move is continuing as the resistance at 5750 has been broken. Will the upward move continue? On the upside, UKX will rise to the high of 6750 if the bulls sustain the upward move. However, the […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Following the breakdown on April 10, the bulls have continued to sustain Bitcoin above $8,000 support. Analysts agree that continuance sustenance may bring about a rebound above the current support. This will propel Bitcoin to reach the […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Today, Japan 225 index is trading below the 20000 resistance. The bulls are testing the resistance level to break it. In the first attempt, the bulls were resisted as the market fell to 18000 low. In the […]
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 levels of 2800 and 3100. SHCOMP price movement has been rather slow. The index fell to its low at 2556 support and made upward move to the high of […]
EURJPY Price Analysis – April 10 EURJPY has lately rebounded to restore more trading activity after posting multi-week lows around the level at 116.12 and has risen as high as the 119.00 mark, where it lacks much potential for growth. On Friday, the common European currency stayed stable against the Japanese Yen, while the exchange […]
USDCHF Price Analysis – April 10 After breaking beneath its ascending trendline, USDCHF found some footing around the 0.9650 handles expanding its price action to the crucial level. Although the inactive session of Good Friday restricts the movements of the FX pair, it stays on the back foot around the level at 0.9650. Key Levels Resistance Levels: 1.0027, 0.9902, […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish For the past few days, the bulls have been able to sustain above the $7,000 support. On the other hand, the bulls have failed to break $7,400 and $7,500 resistance. BTC could have reached the highs of […]
AUDUSD Price Analysis – April 9 The Australian dollar also shifted along with global stocks, as coronavirus outbreaks, particularly in the US, are already reaching a peak. On Thursday, the AUDUSD pair pushed higher and renewed session highs in the last hour, while displaying considerable strength beyond the 0.6350 level. Key Levels Resistance Levels: 0.7031, […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish The index has continued its upward move after the initial resistance at 5250. Recently, the bulls broke the 5250 resistance and it is approaching 5600 resistance. Buyers have embarked on the upward move since March 20, when […]
