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 […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has maintained its bullish run as the resistance at $240 and $260 were broken. Unfortunately, BCH reached a high of $280 but was resisted. The bears pulled back to the low of $260. The market is […]
USDWTI Price Analysis – April 9 WTI is trying to consolidate the rise to a fresh $28.22 level two-day high, as the bulls take a breather back from the latest recovery near the $25.00 mark. At the time of the news, US oil is trading at $27.04, still up to now. News on Thursday that […]
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 6, BTC reached a high of $7,364 and resumed consolidation above $7,300. The market has been fluctuating above that level. The bulls are struggling to sustain the upward move while the bears are providing stiff […]
GBPJPY Price Analysis – April 8 The British pound got some momentum and pushed the GBPJPY cross to fresh session highs, above the level of 134.70. The claim that UK Prime Minister Boris Johnson has been reported to be in a stable state, although he continued in ICU, appeared to be the only variable that […]
XAUUSD Price Analysis – April 8 Gold continued its consolidated volatility through the early North American session and is presently positioned around the $1,650 region in the familiar territory. Notwithstanding troubling reports about the coronavirus outbreak, the precious metal continued with momentum on the upside while staying fragile. Key Levels Resistance Levels: $1,703, $1,690, $1,675 […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish France 40 index upward move is still facing resistance at 4500. Since March 25, the bulls are yet to break above 4500 resistance. Two unsuccessful attempts have been made to break the resistance at 4500. On the […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish Finally, the bulls overwhelmed the bears after a rebound at the low of $40. The rebound took price to the high of $48. The price retraces to a low of $44 and then went up above $45. Before […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish On April 6, BTC rebounded and broke the resistance line of the descending channel. With the breaking of the resistance line, there is likely to be a change in the trend. In the meantime, the upward move […]
