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 […]
Key Resistance Zones: 7200, 7300, 7400Key Support Zones: 6100, 6000, 5900 In 2020, Australia 200 reached its peak price but crashed. Thereafter, the index used the remaining months to correct upward. In January, the market reached a high of 7200 and there was a sudden breakdown in February and March. The breakdown reached a low […]
Major supply zones: $400, $420, $440 Major demand zones: $250, $230, $210 In 2020, Bitcoin Cash trades in a sideways move. The price movement was only in the first quarter of the year. In the remaining months, the crypto was merely consolidating above the current support. In January, BCH has an opening balance of $203 […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 In 2020, EUR/GBP is in a sideways trend. In January, it has an opening balance of level 0.8469. In the first quarter, the pair was trading marginally but in March, there was a price spike that reached the high of level 0.9500. This vertical […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 In 2020, the AUD/JPY pair has been in an uptrend. In the first quarter, the pair plunged to level 59.86 low. Immediately the bulls buy the dips as price resumed an upward move. The uptrend commenced in April and was terminated in August because […]
