S&P 500 Price Analysis – May 19 S&P 500 is projected to expand its rebound to level 3000, with fresh sellers at the upper edge anticipated. Although the lockdowns started to ease globally, the U.S. also lifted investor sentiment. Over the weekend, Federal Reserve Chairman Jerome Powell said the central bank had reserves to stimulate […]
Key Resistance Levels: $0.30, $0.40, $0.45Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: BullishYesterday, the bulls made a failed attempt to breach the $0.20500 resistance level. The crypto is now on the downward move after being resisted. Since the last breakdown on May 10, the upward move has been restricted below $0.20500 resistance. The […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is presently rising from its low of level 10161and approaching level 11000. On the upside, if the bulls break above level 11000, the market will rally above level 11500. It other words, […]
Key Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: BullishThe index is in an uptrend. It is presently rising from its low of level 10161and approaching level 11000. On the upside, if the bulls break above level 11000, the market will rally above level 11500. It other words, […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe EUR/GBP pair was earlier in an uptrend as the market reached a high of level 0.94000. At the peak price of 0.94000, the market reached the overbought region. Sellers emerged to push prices downward. The market fell to level […]
USDWTI Price Analysis – May 18 WTI is trading at $30.98 level at the time of writing, having moved from a $29.59bbls low to a $31.22bbls high. This week’s price of a barrel of oil is higher at the open. West Texas Intermediate (WTI) has recorded its highest price since March as analysts notice an […]
Key Resistance Levels: $225, $250, $275Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: BullishEthereum has been on a downward correction after the breakdown on May 10. Buyers find penetration difficult at the $200 and $205 resistances. After the resistance at $205, ETH fell to $191 low. At the low of $195, ETH rebounded twice […]
GBPUSD Price Analysis – May 17 From the previous session into the new week, GBPUSD holds in red and continues to trade under strong selling pressure towards the mid-1.2000 handle. Sterling is under severe pressure due to extended lockdown that caused record-breaking economic contraction while basing that the central bank does not consider negative rates, […]
Key Resistance Zones: 28500, 29000, 29500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 index is rising and in an ascending channel. The market in its bullish move has fallen to level 23000 low. The current support is holding as the market resume upward move. On the […]
