XAUUSD Price Analysis – March 4 XAUUSD pair recovered all the losses it made on Friday after moving ahead of the moving average price zone of 5 and 13, with the metal returning to the region of $1,600 level. The precious metal stays volatile, moving near to the recent highs and may soon reach a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin fails to continue with its upward move as the bullish move was interrupted. The price fell back to the range-bound zone of $8,400 and $8,800. Bitcoin’s upward move is doubtful as the coin is still in […]
• Bitcoin is brewing for a fresh increase, but insignificant volatility is keeping rally in suspense. • If buyers fail to push above $9000, Bitcoin would remain in the wood After establishing small support around $8700 yesterday, Bitcoin is now completing an inverse head-and-shoulder pattern on the 4-hours chart and at the same time forming […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is in an uptrend showing the support levels of price. In May and August, the price tested the trend line and rebounded. The index reached a high of 25509. At the high of 25509, the […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 index is in an uptrend showing the support levels of price. The bulls tested the Overhead resistance on two occasions before falling. The market dropped to a low of $25000 and […]
A U.S. Department of Treasury, Office of Foreign Assets and Control (OFAC) law enforcement agency has disciplined two Chinese citizens who were involved in the laundering of illegal funds from hacked exchanges. As indicated by a United States official Press discharge from the Treasury Department on Monday, March 2, 2020, suspects Tian Yinyin and Li […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple is at the bottom of the chart, consolidating above $0.23 support level. Further downward move of the coin is unlikely as the coin has fallen into the oversold region of the market. In the oversold region the selling […]
USDCHF Price Analysis – March 3 The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a […]
S&P 500 Price Analysis – March 3 During the corresponding trading session, the S&P 500 was very volatile, while the current recovery continues past 3000/3100 levels. As investors track the situation with coronavirus and that, of course, continues to move around the markets. During the trading session on Monday, however, stock markets tried to recover, […]
