Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: RangingSHCOMP is range-bound between levels 3200 and 3400 since July. The index is falling as it faces rejection at the upper price range. That is, a downward movement of the index is expected. The index may retest […]
USDCHF Price Analysis – October 16 USDCHF hovered around its weekly highs while maintaining an upward trend above the 0.9100 average, although there were no strong subsequent purchases. During the European session on Friday, the pair hovers around the daily high of 0.9162, which is currently down 0.10% to hit 0.9134. Key LevelsResistance Levels: 0.9600, […]
BNBUSD Price Analysis – October 16 The pullback is ongoing and the price may continue the bullish trend towards the resistance levels at $33 and $35 in case the $31 price level does not hold. Further increase in the bears’ pressure may break down the $29 price level which may decline to $26 and $24 […]
Key HighlightsLINK faces another rejection at $11.81 as it resumes downtrendLINK may slump to level $9.33 Chainlink (LINK) Current StatisticsThe current price: $10.50 Market Capitalization: $3,673,518,965Trading Volume: $1,213,763,942Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis October 16, 2020LINK downtrend was partially interrupted on October 7, when the coin rebounded […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is currently in a downward move. The pair retested level 106.00 to resume a downward move. The selling pressure is likely to continue as price breaks below the Simple Moving Averages. Daily Chart Indicators Reading: The 50-day […]
Price Analysis – October 15 The break up at the resistance level of $2.7 will expose the price to the next barrier level at $2.9; further increase in the bulls’ pressure may place the price at the $3.3 price level. The penetration of the demand level at $2.3 will decline the price to $2.2 and […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: RangingAustralia 200 is fluctuating below level 6200 in the last four months. The resistance level has not been broken since June. Today, price is retesting the resistance level. A downward movement of price is expected. The market has also […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe Pound is in a downward move after rejection from level 0.9300. The pair fell to level 0.9100 and resumed downward after retesting level 0.9200. The pound has fallen to level 0.9052 and a further downward movement is expected. Daily […]
AUDUSD Price Analysis – October 15 AUDUSD added to its intraday losses and fell to a weekly low below 0.7100 at the start of the European session. Selling pressure around the AUDUSD pair intensified in the American session, knocking rates down to their lowest level in two weeks around 0.7056. The Australian dollar also remains […]
