AUDUSD Price Analysis – March 25 Early in the session on Thursday, the AUDUSD pair recovered after plunging to lows of $0.7578 level, however on a short-covering rebound on the pair is erasing much of the overnight losses after hitting its lowest since early February. Key LevelsResistance levels: $0.7800, $0.7725, $0.7650Support Levels: $0.7557, $0.7461, $0.7414AUDUSD […]
The entire cryptocurrency market fell by about 8% over the past 24 hours, as Bitcoin (BTC) extended its correction. The early Asain session today was a bloodbath for the industry and shaved about $150 billion off the market cap of the industry. The massive drop got precipitated by Bitcoin’s failure to break the crucial $56,700 […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen is facing resistance at level 109.20. Since March 8, the pair has been fluctuating below the resistance. The uptrend will resume if the resistance is breached. On March 9 uptrend; […]
Key Resistance Levels: $0.09, $0.10, $0.11Key Support Levels: $0.03, $0.02,$0.01 DOGE/USD Long-term Trend: BearishDOGE price has fallen to $0.0512 at the time of writing. The downtrend was caused by rejection at the $0.060 price level. In the previous price action, the coin has been trading below $0.064 overhead resistance. The bulls could not break the […]
The eurozone manufacturing PMI rose to 62.4 in March from 57.9, well above 57.9 expectations. This is a record high since June 1997. The services PMI rose to 48.8 from 45.7, beating expectations of 46.1, a 7-month high. The Composite PMI rose to 52.5 from 48.8 to an 8-month high. Chris Williamson, the chief economist […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishSince January, UKX’s upward move has been facing rejection at level 6800. On three occasions, the index was rejected and it fell to level 6500. Today, the market is still fluctuating above the 21-day SMA to retest level 6800 resistance. An […]
Tesla’s plan to begin accepting Bitcoin (BTC) as payments for its vehicles is now live. The CEO of the company, Elon Musk, broke the news via Twitter on Wednesday. The Bitcoin payment option has gotten added to the company’s website, along with a section explaining how to make cryptocurrency payments. Musk noted that “Bitcoin paid […]
Key Support: 6660 Key Resistance: 6733 – 6760 The FTSE has been in an up move for the past 3 weeks rallying 5.40% from low to highs. From the highs of last week it has fallen -2.46% from high to low rejecting several times the 6660 level in the process. This down move has been […]
Key Resistance: 3940 Key Support: 3900 – 3870 The SP500 has been in a bearish structure from last week printing lower highs and lower lows. This price move comes after a +7.10% move since the last 3 weeks. We can see the SP500 is now capped to the upside by the 3940 level which confluences […]
