Key Resistance Levels: 2900, 3000, 3100 Key Support Levels: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Price Long-term Trend: Ranging The SHCOMP index has been in a sideways move between 2850 and 3100. In March, the price fell to level 2650 ad then resumed an upward move. The bulls could not break above the […]
USDCHF Price Analysis – April 24 The USDCHF pair soared in the last hour to roughly one-month highs, while attempting to increase the momentum to the 0.9800 level and then promptly lost few pips. o The pair sustained the positive growth and gained significant traction for Friday’s fifth straight session, amidst a seemingly unstoppable appetite for […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, BTC rebounded above $7,200 resistance. The rebound breaks through the resistance of $7,200 and $7,400 to reach $7,773 price level. This move came as a surprise to many analysts and traders. Analysts are of the opinion […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Bearish The AUD/JPY pair is in a bear market. The price tested the high of level 76.000 twice before it fell to the low of level 61.679. At this price level, the pair reached the oversold region of the […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is facing resistance at level 5500. The resistance on April 20 reached the low of 5096. The market made an upward move at the low of 5096 to retest the 5500 resistance. The resistance has […]
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 $234 at the time of writing. Since April 10, the market has been trading below $250 resistance. The bulls have made two unsuccessful attempts to break it. A third attempt at the […]
AUDUSD Price Analysis – April 23 The AUDUSD pair recovered about 85 pips from the recent swing lows and in the last hour jumped to multi-day highs, in the region of 0.6365-0.6400. A variety of factors supported the pair in reversing the Asian decline, quite prompting more dip-buying as greenback optimism trims down and turning […]
EURUSD Price Analysis – April 23 Moving into yet another significant Eurozone day, we have a minor negative sentiment that attempts to take control of EURUSD as it plummeted further extending losses underneath the recent low level at 1.0768. Markets are now shifting their focus to today’s meeting of EU leaders in an attempt to […]
Key Resistance Zones: 1.42000, 1.44000, 1.46000 Key Support Zones: 1.34000, 1.32000, 1.30000 USD/CAD Long-term Trend: Ranging USD/CAD pair is currently trading at level 1.41389 after a downward move. The market was earlier in a sideways trend in August before a brief uptrend in March. The brief upward move reached level 1.46685 and was resisted. The […]
