Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD bearish trend has subsided as the current support holds. The market has been consolidating above 17000. Before this time the market has already fallen to the low of 16466. The index becomes oversold at the bottom […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging The SHCOMP index is still in a range-bound movement between levels of 2800 and 3100. On March 18, the price broke the lower price range and reached a low of 2700. The index is oversold […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Surprisingly, Bitcoin has broken the $6,000 resistance. The resistance at $6,000 was the upper price range of the previous range of $4,400 and $6,000 before the breakout. This is a positive move if the bulls can sustain […]
EURJPY Price Analysis – March 20 EURJPY holds the side-lined trading well in place for another session on the back of the rebound in both the European currency and its Japanese counterpart at the end of the week, all in response to any ongoing greenback adjustment. Key Levels Resistance Levels: 123.37, 121.47, 199.99 Support Levels: […]
XAUUSD Price Analysis – March 20 Through Friday’s early European session, Gold continued to gain some positive momentum into American session as it spikes to fresh daily tops around the $1500-17 range. Coordinated efforts by central banks around the world helped ease market fears over tightening liquidity conditions and triggered some USD profit-taking, all against […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is currently in a downtrend as it approaches the low of 4800. At the low of 4800, the market has already reached the oversold region. Since on March 12, the price has been consolidating above […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish On March 16, BCH fell to the low of $164 and the bulls buy at the lower levels of the market. The coin made an upward move as a result of the purchase. BCH has risen to $191 […]
AUDUSD Price Analysis – March 19 The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move […]
USDWTI Price Analysis – March 19 Amid many attempts so far this Thursday to expand the recovery momentum beyond the $24 price level, WTI (oil futures on NYMEX) has entered a consolidated mode over the last few hours as investors evaluate the efficacy of the new global stimulus steps to counter the economic impact of […]
