Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Expectantly, the bulls have broken the $7,600 and $7,800 resistance level. This impressive run has been on for the past three days. The bulls have had the upper hand as price breaks the major key levels. Nonetheless, […]
S&P 500 Index Price Analysis – January 7 The risk appetite returned with a vengeance when the S & P 500 posted its most significant intraday reversal in three months as investors looked at past concerns about escalating tensions in the Middle East, focusing on reliable US economic data. Key Levels Resistance Levels: 3,350, 3,300, […]
EURUSD Price Analysis – January 6 EURUSD continues to rise in both directions because the market is limited to the level of 1.1200. In short, the market is trying to break above its August 2019 highs while above its 5 and 13 daily moving averages. Key Levels Resistance Levels: 1.1450, 1.1412, 1.1280 Support Levels: 1.1178, […]
USDWTI Price Analysis – January 6 West Texas Intermediate crude is extending its nine-month high from the level at $ 64.69 to American session, as markets seek to profit from the scenario after adding a 2% increase to Friday and anticipating any military response from Iran. Key Levels Resistance Levels: $ 67.50, $ 66.49, $ […]
Key Supply Zones: $10,000, $11,000, $12,000 Key Demand Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin had its last bearish impulse at the low of $6,400 on November 24. The price corrected upward but the overwhelming selling pressure brought the price to its low on December 18. The support at $6,400 is […]
GBPUSD Price Analysis – January 5 GBPUSD fell for the second day in a row on fears of a war between the United States and Iran, ending the week near Friday’s low of 1.3051 level. Meanwhile, the foreign currency pair continues to head south below its mid-lines, in line with more upcoming declines. Key Levels […]
Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has shown an impressive upward move in the last 48 hours. As earlier anticipated the $200 support was held as the coin pushed up higher. BCH is now trading at $223 at the time of writing. […]
Key Resistance Levels: $275, $300, $325 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Ranging Today, the bulls make a bold move above the $200 resistance level. The previous move was repelled and the coin fell to the low of $195. Is this current move going to hold above $200? If the support […]
EURJPY Price Analysis – January 3 EURJPY is currently trading on the level at 120.56, its lowest level since December 11, and is at risk of falling to the key top of the trend line near the 119.99 level. The breakdown shows that the rally from the September low of 115.83 level ended, and sellers […]
