Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Presently, the index is fluctuating between levels of 2800 and 3100. SHCOMP is consolidating more at the lower price range. On March 23, the lower price range was broken and the market reached the low […]
EURJPY Price Analysis – April 3 The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks. Key Levels Resistance Levels: […]
XAUUSD Price Analysis – April 3 Gold trades beyond $1,600 level with modest losses close to three-day high, presently losing 0.07 percent following fresh limitations, before moving for Friday’s European session. The latest threats to the yellow metal are probably due to the aftermath of the coronavirus (COVID-19). Key Levels Resistance Levels: $1,703, $1,663, $1,623 […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 appears to have resumed an upward move. The upward move has been hampered at the resistance at 5200. Meanwhile, the support at 4500 has been holding since March 23 as the market makes an upward […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish Since on March 12, the bulls have been consistent in its upward move as it broke the resistance line of the descending channel. BCH has reached a high of $230 and it is approaching the resistance at $240. […]
AUDUSD Price Analysis – April 2 The AUDUSD has struggled to stay slightly beyond the level of 0.6000 as a positive tone of pausing US equities and dollar bulls, inflating risk-sensitive Aussie, overriding rebound by increasing strength. Right now, on selling bias, the 0.6000 level may still buffer and yet the risk-reward may support a […]
USDWTI Price Analysis – April 2 WTI oil price recovers nearly 10 percent on Thursday amid improved global optimism with widespread gains and bullish bias beyond the $22.00 level. Fresh optimism amongst traders stems from attempts by President Trump to encourage Russia and Saudi Arabia to strike a bargain and close the price dispute. Key Levels […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Yesterday, April 1, Bitcoin was hovering above $6,300 as the market moved up above the breakout level to reach $6,800. Above the breakout level of $6,400, the bulls were able to push the price upward. The bulls […]
