• A new bullish rally would be confirmed once Bitcoin reclaims the $9000 price level • Bitcoin now held support at $8450 after seeing a notable increase over the past hours Over the past few hours, Bitcoin saw a small recovery of about 6% from the three-week low of $8450. After nearing $9000 yesterday, Bitcoin […]
Key Resistance Zones: 12800, 13200, 13600 Key Support Zones: 11600, 11200, 10800 Germany 30 (DE30EUR) Long-term Trend: Bearish DE30EUR index was in an uptrend since January 2019 but was ended in February 2020. The stoppage of the uptrend was that the market reached the overbought region. DE30EUR reached a high of 13800 and was overbought. […]
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 uptrend commenced in June and ended in February 2020. The interruption of the uptrend was that the market reached […]
Resistance Level: 7500, 7600, 7700 Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: Bearish FTSE100 share has been in a sideways trend between April and December 2019. In July the market went up as price tested the upper price range on three occasions and was repelled. UKX fell to the lower price range […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bullish Ethereum at present is consolidating above the $220 price level. Ether has been stable soon after the last bearish move to the current support. The question is, are we expecting more downward move? Honestly not likely. The current support […]
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Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish The pair has continued to consolidate within the confined range. Bitcoin is making an upward move between $8,400 and $8,800. The price reached the upper price range and was repelled. This has been the scenario since February […]
EURUSD Price Analysis – March 2 The euro continued to recover against the US dollar during the European trading session, while the pair headed past the level of 1.1100. Expectations that the Federal Reserve will lower interest rates have cut US yields, and the dollar has fallen sharply. EURUSD benefits from this dollar weakness. Key […]
USDWTI Price Analysis – March 2 WTI (oil futures) is slowing its pace of recovery from a new 15-month low level of $ 43.83 after the sell-off opening gap caused by China’s horrible manufacturing PMI data released on Sunday. On the contrary, further selling stays on the cards, and any accidental attempt to buying can […]
