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, Bitcoin rebounded at a low of $7,097 and reach the resistance at $7,200. Earlier on the bulls have taken price above the $7,000 resistance and sustained hold above it. It is unclear if BTC will survive […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Japan 225 index is trading below 20000. In today’s candlestick illustration, there is a candlestick with an upper long shadow. This indicates that buyers were able to push price to the 20000 resistance but were overwhelmed. The […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging SHCOMP index is still fluctuating between the levels of 2800 and 3100. On March 5, the bulls reached a high of 3074 and were resisted. The market continued its downward move. The price breaks the […]
EURJPY Price Analysis – April 17 EURJPY stays underneath strong downside tension this week so far in reaction to the soft European currency numbers and safe-haven capital flows lifting the Japanese yen to the lows around the sub-117.00 level of 2020. Key Levels Resistance Levels: 122.87, 121.00, 119.24 Support Levels: 116.12, 115.83, 114.84 EURJPY Long term […]
USDCHF Price Analysis – April 17 During the European session on Friday, USDCHF stays soft at around 0.9660 level into the American session and, in doing so, the pair stays neutral while retaining market action for sellers as well. The early optimism concerning COVID-19 virus treatment proved out to be short-lived after Gilead Sciences issued a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Since April 7, Bitcoin has been fluctuating between $7,400 and $6,600. Yesterday, the market reached a high of $6, 985 and was repelled. Immediately, BTC dropped to a low of $6,500. At the moment, the bulls have […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish The index is still in an upward move. Yesterday the bulls were resisted at the price of 5500. Today, the market is showing some bearish signals as the market continues its downward move. On the downside, if […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Ranging The AUD/JPY pair was earlier in a sideways move. In December and January, the pair tested level 76.000 but was resisted. The market resumed a downward move. In the downtrend, a bull candle tested the 0.786 Fibonacci retracement […]
AUDUSD Price Analysis – April 16 During the European session, the AUDUSD pair dropped further while testing the low level of 0.6265 into the American session as Australia’s positive labor market data performed poorly to propel the AUD. The Australian Bureau Statistics (ABS) announced that Australia’s jobless rate ripped up to 5.2 percent from 5.1 […]
