S&P 500 Price Analysis – March 10 S&P 500 pullback from the all-time high of 3963 levels continues in a range as price hovers beneath the 3900 levels during early Wednesday. As of writing, the S&P 500 was up at 0.12% on the day at 3881 levels amid a softer US dollar index as market […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie is presenting in a sideways move. Today, the market is rising to retest level 1.2700 high. Since March 1, all price movement has been stalled below the 1.2700 high. The pair is fluctuating between 1.2600 and 1.2700. Daily […]
Key HighlightsEthereum faces rejection at the $1,880 highThe crypto fell and found support above the 21-day SMA Ethereum ETH) Current StatisticsThe current price: $1,803.14Market Capitalization: $207,394,211,073Trading Volume: $23,213,843,998Major supply zones: $2,000, $2,200, $2,400Major demand zones: $1,800, $51,600, $1,400 Ethereum (ETH) Price Analysis March 10, 2021 Ethereum’s upward move faces rejection at the $1,880 high. Buyers […]
According to a recent report by popular South Korean newspaper house Dong-A, cryptocurrency investors in the country transacted about $7 billion per day from January 1 to February 25, 2021. Kim Byeong-wook, a Democratic member of the parliament, arrived at that figure by collecting data from Bithumb, Upbit, Korbit, and Coinone, some of the most […]
Key Resistance Zones: 33000, 33500, 34000Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: BullishUS Wall Street 30 is in an uptrend. The index has traded and reached the overbought region of the market. US30USD upward move is doubtful. The further upward move will face rejection at the recent high of […]
Key Support: 21.20 key Resistance: 21.40 -21.50 – 21.65 Mid Term View After bottoming in January around 19.50 the USDMXN has rallied 10.60% from low to highs and is now trying to break a massive zone of resistance. 15M Chart Analysis After topping around the 21.60 level the USDMXN has pulled back to a previous […]
On-chain analytics firm, Glassnode, has reported that there is now solid support at the $47,000 level for Bitcoin (BTC). The firm made its discovery public in its latest Week on Chain report based on an analysis from chart expert Willy Woo and data scientist Rafael Schultze-Kraft. Woo noted that a significant volume of BTC got […]
The DXY (US Dollar Currency Index) broke during the Asian session with a massive key level; the base/support level from November 2020. This is important because in an almost 12 month bearish market price has never pulled back above the previous base. This comes from a rejection of a 12 year bullish structure (chart below) […]
Key Support: 67.50 Key Resistance: 69.60 – 70.50 Long Term View Brent has been very strong in its recovery from the Pandemic lows that took oil prices negative (WTI) the reason Brent was not that affected is because Brent future contracts are settled in cash. Fundamental view With the reopening of the economies and air […]
