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, […]
AUDUSD Price Analysis – March 26 The Aussie dollar stays undeterred by the Reserve Bank of Australia’s quantitative easing (QE) plan, as AUDUSD maintains its recovery momentum steady beyond 0.5900. The price is going back to yesterday’s 0.6073-level high, now trading around the 0.5959/65 levels, so far down 0.50 percent. Key Levels Resistance Levels: 0.7031, […]
USDWTI Price Analysis – March 26 After reaching 4 days high at $25.83, WTI oil drops below $25 mark, unable to retain progress, amid generally positive market sentiment after US Congress passed the stimulus package. Oil markets appear vulnerable to fresh declines, as perceptions of growing oversupply effects outweigh the direct impact of US measures. […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish In the last 48 hours, Bitcoin has been relatively stable as the bulls continue to defend the breakout level of $6,400. The bulls have earlier made two unsuccessful attempts at the overhead resistance. BTC find support above […]
GBPJPY Price Analysis – March 25 In the last four consecutive trading days, GBPJPY went north, while in today’s session the buying intensity around the British pound grabbed pace even in the last hour and pushed the Fx cross to an almost two-week high, further to the mid-13300s level. Key Levels Resistance Levels: 147.95, 138.68, […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish Since on March 16, the index support at 3750 has been holding as the bulls make an upward move. The index was also oversold . The bulls that were not available previously were on hand to push […]
