Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish The US Wall Street 30 index is making an upward move as the 18000 support holds. The bulls made an upward move to a high of 22585.30 but at the moment the index is retracing […]
GBPUSD Price Analysis – March 29 The Sterling was one of the currencies which at the end of the week recovered from USD decline, with GBPUSD hitting a two-week high of 1.2485 level. The greenback is also under stress across the market, as Pound has no incentive to recover, although the pandemic is weighing heavily […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 share is currently in an upward move as 5000 support holds. The upward move is currently facing resistance at 5750 as price retraces to 5500. The downward move has been terminated as the 5000 support holds. On […]
S&P 500 Price Analysis – March 29 The US benchmark S&P 500 index is down to 2525 level as investors start to factor in the impact of the $2.2 trillion stimulus package for the stabilization of the economy, making it the largest tax reform package ever accepted by the US. Congress. Key Levels Resistance Levels: […]
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 […]
