Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BullishNAS100 index is in an uptrend but it is currently retracing. The index may further decline. On February 23 downtrend, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that the NAS100 index will […]
Key HighlightsEther faces rejection from $1,880The crypto may further decline to $1,735 Ethereum ETH) Current StatisticsThe current price: $1,794.91Market Capitalization: $206,243,886,534Trading Volume: $25,415,069,409Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 21, 2021 Yesterday, the bulls retested the $1,880 resistance zone which caused Ether to decline to $1,777.20 […]
“However, it is pleasant to win over the long term. Contrary to popular opinion, losses are part of winning. Take sports for example.” – Markham Gross A drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and […]
The USD/CAD traded higher in the European session on Friday but erased its daily gains and fell below the 1.2500 support at the open of the US market, as the fundamental scene remains erratic. The loonie got hit badly on Thursday following a sharp decline in crude oil prices. With the price of crude oil […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward move after the rejection from $68 high. The price has fallen to the low of $58.25. The price has broken the 21-day SMA and it is approaching the 50-day SMA. The selling pressure will persist if price […]
Key support: 1734 Key Resistance: 1742 – 1745 – 1752 Mid Term View We continue to look for longs in Gold as the mid term structure keeps printing higher highs and higher lows. From the lows back in March 08 around 1675 1H Chart Analysis After making a new higher high yesterday, price dipped back […]
Key Support: 0.7150 Key Resistance: 0.7200 – 0.7260 Mid Term View The NZDUSD has been trading inside of a range since the beginning of the year but this doesn’t mean there are not opportunities here. 1H Chart Analysis Price is trading around the weekly pivot and right now it’s retesting for the 4th time this […]
Key Support: 151.30 Key Resistance: 151.80 – 152.50 Long Term View The GJ is in a massive bullish run breaking through level after level without any really deep pullback. Even though we are at the top of the move this long setup is really clean 1H Chart Analysis The Downside here is capped by the […]
Bitcoin (BTC) has had an erratic trading session over the past 24 hours, as bulls and bears battle for dominance. At the moment, bears appear to be in control following the sharp 6% correction that befell Bitcoin recently. Bulls began the week on a steady footing following several favorable fundamental factors that sparked optimism among […]
