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 faces rejection as bulls were resisted at the $10,000 resistance. The bulls tested the $10,000 resistance twice before being repelled. A bearish double top was formed as the market retraced. The price retraced below the breakout […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bullish Japan 225 is still fluctuating below the 20500 resistance. On April 29, the bulls broke the 20000 resistance but were repelled at 20500. The price fell to level 19085 and resumed another upward move. The price is […]
Key Resistance Levels: 2900, 3000, 3100 Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: Ranging Presently, the index is rising and it is approaching the high of level 2895. Previously, the price has been fluctuating between levels 2800 and 3100. The market fell in March as the lower price […]
EURJPY Price Analysis – May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far […]
USDCHF Price Analysis – May 8 USDCHF sits close to 0.9700 level, slipping 0.15 percent on the day as it continues to the American session on Friday. The FX pair extends downward retracement to level 0.9700 while remaining restricted under level 0.9800. The selloff lasted for Friday’s second day in a row session and was […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bullish Australia 200 is currently in ascending channel. Since April 14, the upward move terminates at level 5500. The bulls are repelled after testing the resistance at 5500. The resistance level is yet to be broken as the […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Bullish The AUD/JPY pair is in an upward move. The market has already fallen to level 62.000 before the commencement of the upward move. The price is making a series of higher highs and higher lows. The uptrend was […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has been on a downward move after it reached a high of $280. The bulls were resisted at the overhead resistance as price dropped to $213 low. After a downward correction, the bulls resumed another upward […]
