Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish The index is now in a downward move as the bulls fail to break the resistance at 18000. The bears have broken the 21-day SMA. The downward move is likely to continue as price is below the […]
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The USD/JPY pair was earlier in a bullish trend. The bullish trend was terminated when the market reached the overbought region of 112.228. The market fell to a low of $104.992. Incidentally, price fell to the oversold region […]
USDCHF Price Analysis – April 21 The USDCHF pair tug of war between lackluster gains/slight losses and stayed limited through the early European session in a small trading range, past the 0.9700 mark. In the absence of early important releases of macroeconomic data and fundamental events on the 2nd day of the week, risk sentiment […]
S&P 500 Price Analysis – April 21 S&P 500 depicts the return of suspicion in the early Asian session on Tuesday, following a recent risk-on. The S&P declined 0.64 percent to 2.778.7 level and the S&P 500 upside rally lost momentum during the European session as market declines beneath 2800 level. Key Levels Resistance Levels: […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple has continued to sink after failing to hold above $0.18. Its initial battle was at $0.20500 resistance. After two unsuccessful attempts to break it, it was repelled to $0.18 low. The bulls regrouped and moved up but were […]
EURUSD Price Analysis – April 20 The common currency began the week on a steady tone, leading EURUSD to test Monday’s higher end of the range near 1.0900 marks. The FX pair looks to continue to Friday’s growth, though a crucial barrier test at 1.0900 level is still inaccessible. Furthermore, coronavirus trends seem to control, […]
Key Resistance Zones: 13600, 14000, 14400 Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: Bullish The current upward move has been hampered at 10756 resistance. The bulls have made two unsuccessful attempts to break the resistance. Presently, price is falling after being repelled at the resistance. The market falls to 10000 support […]
USDWTI Price Analysis – April 20 WTI Oil plummeted at the beginning of the week’s market falling underneath the $15/bbl as the globe was growing out of storage and crude stocks began to accumulate owing to coronavirus shutdowns in most of the global economy. Crude may have been the ultimate casualty of the decline of […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is in a bear market. At the low of 0.83012, the pair rebounded and reached the high of 0.94374. At the current high, the market reached the overbought region. Sellers emerged to push prices downward. […]
