Australia 200 (AU200AUD) Continues Its Consolidation, Unable to Push to the Previous Market Structure

Australia 200 (AU200AUD) Continues Its Consolidation, Unable to Push to the Previous Market Structure

Key Resistance Zones: 7000, 7100, 7200
Key Support Zones: 6100, 6000, 5900

Australia 200 (AU200AUD) Long-term Trend: Ranging
Australia 200 is range-bound between levels 5800 and 6200 since May. The index is consolidating in a tight range. Besides, the market is in a tight range. Buyers have tested the resistance line on three occasions to break it. The index is currently testing the support line of the channel.

AU200AUD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping sideways indicating the sideways move. It has fallen to level 47 of the Relative Strength Index period 14. This indicates that the market is in the downtrend zone and below the centerline 50.

Australia 200 (AU200AUD) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move. The market is in a choppy price action. There is no direction of the price movement. The price movement is confined between levels 5800 and 6200. The bears have broken the support line.

AU200AUD – 4 Hour Chart

4-hour Chart Indicators Reading
AU200AUD is below the 20% range of the daily stochastic. It indicates a bearish momentum. The 21-day SMA and the 50-day SMA are sloping horizontally as the market continues its sideways movement. The index is in the oversold region of the market. Buyers are likely to emerge.

General Outlook for Australia 200 (AU200AUD)
Australia 200 is in a sideways move and the index is now in the oversold region of the market. When buyers emerge, the price will return to the range-bound zone.


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9

Japan 225 (JP225 USD) Fluctuates in a Price Range, Attempts to Break Level 23600

Japan 225 (JP225 USD) Fluctuates in a Price Range, Attempts to Break Level 23600

Key Resistance Zones: 23200, 23600, 24000
Key Support Zones: 20800, 20400, 20000

Japan 225 (JP225USD) Long-term Trend: Ranging
Japan 225 index is fluctuating between levels 21900 and 23700. The price is trading close to the resistance zone. Buyers are unable to break above it. The price finds support above the SMAs after it is repelled at the resistance level. The market now consolidates in the middle of price range.

JP225USD – Daily Chart

Daily Chart Indicators Reading:
Japan 225 is at level 57 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day SMA and 50-day SMA are sloping sideways indicating the sideways move.


Japan 225 (JP225USD) Medium-term Trend: Ranging
On the 4- hour chart, the market is in a sideways move. It is currently fluctuating between level 22800 and 23600. The price action is fluctuating in the middle of the price range. The index is currently approaching the resistance to break above it.

JP225USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. JP225USD is above the 80% range of the daily stochastic. It implies that the market is in a bullish momentum and the index has reached the overbought region of the market.


General Outlook for Japan 225 (JP225USD)
Japan 225 index is in a sideways trend. The index currently fluctuates the high of 23700 and the low of 21900. Previously, the index is in an uptrend before the sideways move.



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NZD/USD Resumes a Fresh Uptrend to Revisit Level 0.6800

NZD/USD Resumes a Fresh Uptrend to Revisit Level 0.6800

Key Resistance Levels: 0.6600, 0.6800, 0.7000
Key Support Levels: 0.6200, 0.6000, 0.5800

NZD/USD Price Long-term Trend: Bullish
NZD/USD pair was earlier in a downtrend but has resumed the uptrend. A retraced candle body tested the 0.786 Fibonacci retracement level. The Kiwi will rise and reach the 1.272 Fibonacci extension level or 0.6900 high. At this level, the market will reverse and return to the 78.6% Fibonacci retracement level. But the reversal will not immediate.

NZD/USD – Daily Chart

Daily Chart Indicators Reading:
The Kiwi has risen to level 60 of the Relative Strength index period 14. It implies that the pair is in the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping upward. It indicates the uptrend

NZD/USD Medium-term Trend: Ranging
On the 4-hour chart, the NZD/USD pair was in a downward move but price is consolidating above the 0.6700 support level. The pair is likely to move up if the current support holds. A break below the support will mean a downward movement of the coin.

NZD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward. It indicates the recent upward move. The pair is above the 20 % range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for NZD/USD
The NZD/USD pair is in an upward move. The kiwi has been trending but yet to break level 0.6800 resistance. It has resumed a fresh uptrend to reach the previous highs. The market is likely to reach a high of 0.6900 if the resistance at 0.6800 is breached.


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USD/JPY Drops to Level 105.23 and Resumes Upward Move

USD/JPY Drops to Level 105.23 and Resumes Upward Move

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Ranging
The USD/JPY pair is currently in a sideways move. Since July the Yen has been trading between levels 105.00 and 107.00. Presently, the pair is rising to level 107. In the last two months, the key levels of the market are yet to be broken.

USD/JPY – Daily Chart

Daily Chart Indicators Reading:
The 50-day SMA and 21-day SMA are sloping horizontally indicating a sideways move. The Yen is currently at level 49 of the daily Relative Strength Index. This indicates that the market is in the downtrend zone and below the centerline 50.

USD/JPY Medium-term Trend: Ranging
On the 4-hour chart, the pair is in a sideways move. Today, the market is moving upward. A red candle body tested 0.382 Fibonacci retracement level. The Yen will rise and reach a high of 2.618 Fibonacci extension level. In other words, the market will reach a high of level 107.72.

USD/IPY – 4 Hour Chart

4-hour Chart Indicators Reading
The market is currently above the 25% range of the daily stochastic. Buyers are emerging from the oversold region of the market. It is showing a bullish signal. The SMAs are also sloping in a sideways move.


General Outlook for USD/JPY
USD/JPY is in a sideways move. The Yen is currently rising to the upper price range. According to the Fibonacci tool, the pair will rise and reach a 2.618 extension level or level 107.72.


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Bitcoin Cash (BCH) Price Analysis: BCH Is Unable to Rise Into Previous Highs as Sellers Push Coin to $260 Low

Bitcoin Cash (BCH) Price Analysis: BCH Is Unable to Rise Into Previous Highs as Sellers Push Coin to $260 Low

Key Highlights
BCH is falling as the bulls fail to break the $320 resistance
There are indications that the coin will reach a low of $260

Bitcoin Cash (BCH) Current Statistics
The current price: $274.62
Market Capitalization: $5,080,638,415
Trading Volume: $1,122,580,379
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis August 27, 2020
Since August 1, BCH has been range-bound between $280 and $320. The bears have had the upper hand as price broke the crucial $280 support level. The price corrected and retested the $280 price level. Nonetheless, the selling pressure has resumed, BCH is likely to depreciate to the lower levels. The coin is approaching the $260 low.

The crypto is likely to rebound at the low of $260 and resumed the upward move. However, if price breaks the $260 low, the selling pressure will persist. The coin will further depreciate to $240 low. Meanwhile, BCH is trading at $274 at the time of writing. The price action is indicating bearish signals.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The price has broken the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will resume once the 50-day SMA is breached. The downtrend will continue since the support line of the ascending channel has been breached.

BCH/USD – 4 Hour Chart

Conclusion
BCH’s upward move has been interrupted since the bulls fail to break the $320 resistance level. On August 19 downtrend, BCH fell to $285 and the price was corrected upward. A green candle body tested the 61.8% Fibonacci retracement level. This implies that BCH will fall to 1.618 Fibonacci extension level. In other words, the market will reach a low of $260.

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Ethereum Price Analysis: Ethereum Fluctuates Above $380, Uptrend Uncertain

Ethereum Price Analysis: Ethereum Fluctuates Above $380, Uptrend Uncertain

Key Highlights
Ethereum has retraced to $380 low
The coin is consolidating above the current support

Ethereum (ETH) Current Statistics
The current price: $390.07
Market Capitalization: $43,803,253,846
Trading Volume: $9,147,707,922
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100

Ethereum (ETH) Price Analysis August 23, 2020
Ethereum is trading at $389 at the time of writing. Since August 21, the coin has been consolidating above $380 support. The current support is holding as sellers are unable to break the support since August 1.

The upward move is likely to resume since the support is holding. A strong bounce above the support will propel the price to resume the upward move. A retest at $440 is likely. If price breaks the resistance, Ether will rise to $480 high. On the other hand, where the bulls fail to break the resistance, ETH may fall or be compelled to a sideways move.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether price has fallen and found support above 26-day EMA. The downtrend will resume if the price breaks below the EMAs. The coin is at level 52 of the Relative Strength Index period 14. It indicates the price is in the uptrend zone and likely to rise.

ETH/USD – Daily Chart

Conclusion
For now, the price action is still the same. The coin will rise and retest the $440 resistance. The uptrend is still intact. The volatility is low as the price movement is insignificant. Nonetheless, the crypto is consolidating above $380 support.


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9

EUR/CHF Surges Ahead, Breaks Level 1.0800

EUR/CHF Surges Ahead, Breaks Level 1.0800

 
Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400

EUR/CHF Price Long-term Trend: Ranging
EUR/CHF is fluctuating between levels 1.0700 and 1.0800. The resistance line has been broken as price moves up. The upward move may be short-lived as price approaches the resistance zone at level 1.08500. A red candle body tested 0.786 Fibonacci retracement level. It indicates that the pair will rise and reverse the 1.272 Fibonacci extension level. The price will reverse and return to 78.6% Fibonacci retracement level where it originated.

EUR/CHF – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 63 of the Relative Strength Index period 14. It implies that the market has reached the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping upward. It indicates the present trend.
 

EUR/CHF Medium-term Trend: Ranging

On the 4-hour chart, the pair is fluctuating between level 1.0720 and level 1.0800. Today, price has broken level 1.0800 and it is approaching level 1.08500. The pair is approaching the resistance zone.

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping sideways indicating the sideways trend. The pair is above 80% range of the daily stochastic. It indicates that the market is in a bullish momentum. Price has also reached the oversold region of the market.

General Outlook for EUR/CHF
The range-bound movement has been broken as price moves up. According to the Fibonacci tool, the pair will rise and reverse at 1.272 Fibonacci extension level.


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EUR/CHF Is Consolidating in a Tight Range, Uptrend Unlikely

EUR/CHF Is Consolidating in a Tight Range, Uptrend Unlikely

Key Resistance Levels: 1.0800, 1.0900, 1.1000
Key Support Levels: 1.0600, 1.0500, 1.0400

EUR/CHF Price Long-term Trend: Ranging
EUR/CHF is still trading between levels of 1.0700 and 1.0800. Price is fluctuating in the middle of price range. The pair is falling and approaching the lower price range. The price action is characterized by small body candlesticks.

EUR/CHF – Daily chart

Daily Chart Indicators Reading:
The pair is at level 51 of the Relative Strength Index period 14. It implies that the market has reached the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping sideways. It indicates the present sideways trend.

EUR/CHF Medium-term Trend: Ranging
On the 4-hour chart, the pair is range-bound between level 1.0720 and level 1.0800. Today, price is falling toward the lower price range. The fluctuation is likely to terminate in the middle of price range. The pair is in choppy price action.

EURCHF – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping sideways indicating the sideways trend. The pair is below 40% range of the daily stochastic. It indicates that the market is in a bullish momentum.

General Outlook for EUR/CHF
The EUR/CHF is range-bound within the confined levels. The market is in a choppy price action. The price is consolidating in the middle of price range. The key levels are yet to be broken.



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Bitcoin Cash (BCH) Price Analysis: Struggles to Break the $310 Resistance, Upward Move Likely

Bitcoin Cash (BCH) Price Analysis: Struggles to Break the $310 Resistance, Upward Move Likely

Key Highlights
BCH now battles resistance at l $310
When uptrend resumes, the crypto will reach a target of $380

Bitcoin Cash (BCH) Current Statistics
The current price: $304.98
Market Capitalization: $5,639,582,494
Trading Volume: $1,835,559,503
Major supply zones: $325, , $350,$375
Major demand zones: $200, $175, $150

Bitcoin Cash (BCH) Price Analysis August 17, 2020
Bitcoin Cash is now in an upward move. Since BCH reached the $320, high, buyers have not been able to push price to the previous high. All the price movement has been stalled before the $310 resistance level. A strong bounce above $300 will propel price to break the $310, $320 and the momentum will rise to the $340 high. BCH will continue to fluctuate before $310 resistance if the minor resistance remains unbroken.

BCH/USD – Daily Chart

Bitcoin Cash Technical Indicators Reading
The coin is at level 61 of the Relative Strength Index period 14. BCH is in the uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping upward. BCH also has the chance of rising if the price remains above the EMAs.

Conclusion
BCH is still battling to break above minor resistance. In the August 1 uptrend, a red candle body tested the 0.618 or 61.8% Fibonacci retracement level. This gives the clue where price will go. When price breaks the current resistance the market will reach the 1.618 Fibonacci extension level or $380 high.


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9

US Wall Street 30 (US30USD) Faces Rejection at Level 28000, May Resume Downtrend

US Wall Street 30 (US30USD) Faces Rejection at Level 28000, May Resume Downtrend

Key Resistance Zones: 28500, 29000, 29500
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trends: Ranging
The index was fluctuating between levels 25000 and 27000 since June 10. The market is likely to face a downward move. The price is currently facing rejection at level 28000.

US30USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping sideways. The price has risen to level 69 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50.

US Wall Street 30 (US30USD) Medium-term Trend: Bearish
On the 4-hour chart, the index is on a downward move. In the August 14 downtrend, a green candle body tested the 0.382 Fibonacci retracement level. This candle body explains that the market will fall and reach  level 2.618 Fibonacci extension level. In other words , the index will fall to level 27200.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is below 60 % range of the daily stochastic. This indicates that the market is a bearish momentum. The SMAs are sloping upward indicating the previous uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD index is now on a downward move. The previous uptrend has been terminated at the resistance of 28000.


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