Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin has finally dropped to a low of $6,200 and the downward move may continue. The downward move became necessary because the bulls failed to breach $7,000 overhead resistance. For over a week, BTC has been trading […]
EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD is now in an upward move after the downtrend subsided. The index is currently facing resistance at 20000. Japan 225 is consolidating below 20000 as the bulls are finding penetration difficult at the resistance. The index […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Currently, the index is fluctuating between levels of 2800 and 3200. The price is fluctuating but more at the lower price range than the upper price range. On March 18, the index fell and broke […]
XAUUSD Price Analysis – March 27 Gold is currently priced at $1,623 level an ounce, which reflects a 0.30 percent fall on a day-to-day basis. Following declines, gold remains stuck within the trading range of successive daily candles with long wicks and small bodies established in previous sessions. Key Levels Resistance Levels: $1,703, $1,675, $1,640 […]
Global Carnage There is uncertainty in the markets in recent times as the ongoing pandemic of COVID-19 shows no signs of slowing. We have witnessed wild volatility in past weeks across all assets with Billions of Dollars in valuation being wiped from Global markets. The great crash began on Monday 9th March 2020 with Indexes […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Bitcoin has continued to be stable above the breakout level of $6,400. The price movement is insignificant as the bulls continue to defend the breakout level. The bears also defend the $7,000 overhead resistance. On the upside, […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish The recent downtrend is subsiding as the market makes an upward move. The price at 4800 was holding initially before it was broken. Australia 200 is now in an upward move as 4600 holds. The uptrend is […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Bitcoin Cash is currently trading at $223 or approaching the resistance line of the descending channel. On the upside, if the bulls break and close above the resistance line, BCH will resume an upward move. On the downside, […]
