Key Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, BTC has been consolidating above the recent low of $9,130. Today, it has risen above $9,500.Since on May 15, the upside correction has been stable because the bulls sustained hold above $9,000 support. Bitcoin bulls have made several […]
Key Resistance Zones: 23200, 23600, 24000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 is trading below the resistance at 20500. In April, the bulls tested the resistance at 20500 but were resisted. The market fell to level 19500. On May 11, the bulls retested the resistance but were resisted again. […]
Key Resistance Levels: 2900, 3000, 3100Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: BullishThe SHCOMP is currently in an ascending channel. The index has been in an upward move since March. The upward move is facing resistance at level 2900. The market is on a downward move and may […]
EURJPY Price Analysis – May 15 EURJPY stretches the leg higher after Friday’s breakout attempt seems to have run out of steam in the proximity of the 116.00 reference point. The continuing higher leg holds the potential to stretch further and to revisit the recent highs in the near-term horizon in the mid-116.50 range. Key […]
USDCHF Price Analysis – May 15 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key LevelsResistance Levels: […]
Key Resistance Zones: $10,000, $11,000, $12,000Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: BullishYesterday, the Bitcoin bulls made a surprise bullish move to retest the $10,000 resistance. The bulls reached a high of $9,938 but could not push above $10,000 resistance. This will be the fourth failed attempt at the resistance. After […]
AUDUSD Price Analysis – May 14 The Australian Dollar dropped significantly in the previous session by 78 pips or 1.20 percent against the US Dollar and yet today the currency pair plummeted even more in Thursday’s American session. The Covid-19 trajectory in Australia is quite optimistic but global harsh economic data and uncertainties in China […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: BullishAustralia 200 is currently in ascending channel. The upward move is currently facing resistance at level 5500. The market has been falling after being resisted at level 5500. The index has fallen to the lower price range and the […]
Key Resistance Levels: 74.000, 76.000, 78.000Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: BullishThe AUD/JPY pair is in an ascending channel. Presently, the pair is falling after being resisted at level 70. The price has been resisted thrice at level 70. The market is falling to a low of 68.617. The downward move […]
