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 crashes below $6,000 as the bulls were unable to sustain the upward move. The price is unstable below and above the $6,000 price level. However, since the upward move is interrupted, the coin will revert to […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US Wall Street 30 index is likely to continue downward move as the market shows no signs of consolidation. Today, the market has fallen to a low of 19027. At this low, the index has […]
GBPUSD Price Analysis – March 22 The GBPUSD pair exited in the green on Friday but had come from a fresh multi-decade low of 1.1409 level. The pair plunged for a second consecutive week, as the response to the coronavirus outbreak from the UK government came too late. The greenback stays high on the market […]
S&P 500 Price Analysis – March 22 After a few days of consolidation, the market looks to restart to the downside. The S&P500 is now in a selling market as it has fallen from its recent rise to 2500 by more than 20 percent while investor sentiment is weakening. Given major monetary and fiscal stimulus, […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE 100 share is currently above 5000 support. Since it fell on March 11, the market has been consolidating above the $5,000 support. The price fell to the low of 5006 and reached the oversold region. The share is […]
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 now trades above $6,000 after failing to breach the $7,000 resistance. The price is consolidating above the $6,000 support. Before this time, the pair was range-bound between $4,400 and $6,000. The price fluctuated between the range-bound […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish JP225USD bearish trend has subsided as the current support holds. The market has been consolidating above 17000. Before this time the market has already fallen to the low of 16466. The index becomes oversold at the bottom […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging The SHCOMP index is still in a range-bound movement between levels of 2800 and 3100. On March 18, the price broke the lower price range and reached a low of 2700. The index is oversold […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Surprisingly, Bitcoin has broken the $6,000 resistance. The resistance at $6,000 was the upper price range of the previous range of $4,400 and $6,000 before the breakout. This is a positive move if the bulls can sustain […]
