Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has fallen to level 6407.50 after breaking below the moving averages. In such a breakdown, the downtrend is likely to continue on the downside. At other times, the market will pullback and resume upward. In a similar price action […]
The coronavirus continued to hit the world in the past week. Boris Johnson, UK Prime Minister said he hoped it would be safe to reopen schools on March 8 as the country remains isolated. France closed its borders to all non-European countries. In the US, President Biden said Congress needs to act immediately on his […]
GBPUSD Price Analysis – January 31 The GBPUSD pair exited the prior week with modest gains after it eased from the mid 1.3700 level to close at 1.3705. The coronavirus spread reduction eased the pressure and offered some reprieve to the UK currency which was quite resilient to the dollar’s demand on risk-aversion. Key LevelsResistance […]
GBPJPY Price Analysis – Jan 31 GBPJPY moved with a fresh impetus while hitting the level at 143.95 high in the prior session. The pairs upside traction may attract buyers past the 144.00 level as it awaits the next catalyst this week. The pair’s buyers anticipate a raised prospect of a rally towards the old […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi is intact as the pair rebounds above level 0.7100. Since January 27, the price has been falling after rejection from level 0.7250. The downtrend is likely to end if level 0.7150 support holds. The long candlestick tail indicates […]
Key HighlightsLINk faces rejection at $26 high The crypto has a target price of $30.56 Chainlink (LINK) Current StatisticsThe current price: $22.55Market Capitalization: $22,588,192,832Trading Volume: $3,485,144,033Major supply zones: $18.00, $20.00, $22.00Major demand zones: $8.00, $6.00, $4.00 Chainlink (LINK) Price Analysis January 30, 2021LINK price has continued to make a series of higher highs and higher […]
BNBUSD Price Analysis – January 30 An increase in the bulls’ pressure may break up the resistance at the level of $44 which may increase the price to $47 and $51 support level. In case the resistance level at $44 is defended by the bears, the coin may face barriers at $40, $36, and $31 […]
Key Resistance Zones: 27200, 27600, 28000Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: BullishJapan 225 has resumed a downward move after a week of fluctuation below level 29000. The index has fallen and it is approaching the low of level 27000. The price has broken the 21-day SMA. The downward movement will […]
Key Resistance Zones: 3500, 3600, 3700Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BearishSHCOMP is in a downward move after it was repelled at the overbought region. On January 21 and 25, the price tested level 3640 twice and was repelled. The index fell to the low of level 3440 […]
