Key Resistance Zones: 3300, 3400, 3500Key Support Zones: 2800, 2700, 2600 Shanghai SE Composite Index (SHCOMP) Long-term Trend: BullishSHCOMP is in an upward move. The index has broken the previous level and it is attempting to move up to level 3500. This current move will continue as the RSI is at level 63. Daily Chart […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair has been in a downward move since June. The index is falling by making a series of lower lows and lower highs. On December 28, the pair made a lower high to retest level 103.80 and resume […]
Wall Street clocked out of the last trading session in 2020 with decent gains amid the impending US fiscal stimulus package, vaccine rollout, and dovish Fed stance. All three major US indices—Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones (DJIA)—printed new record highs in December, in what many traders have termed the “Santa rally.” […]
Price Analysis – January 01 Should the bears have enough momentum to break down the support level of $2.4, then, the price will be exposed to the $2.1 and $1.8 support levels. In case the bulls prevail over the bears, the resistance level of $2.7 will be penetrated and the price will increase to $3.0 […]
Gold rallied slightly amid another fall in the dollar, but global progress in vaccinations has blocked demand for shelters. Despite recent breakthroughs in COVID vaccines, adoption has been disappointing, and the current wave seems to require more restrictive measures over the next few weeks. More than a year has passed since the first cases of […]
Key Resistance Zones: 7000, 7100, 7200Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trends: BullishAustralia 200 is in a sideways move below level 6300. The index has been fluctuating between levels 6600 and 6800. Australia 200 is likely to fall as it reaches the overbought region of the market. Daily Chart Indicators Reading:The […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe pound is presently falling in a downward move. The pair was earlier making a correction when it was rejected at level 0.91000. The downtrend will reach the previous low at level 0.8880. Daily Chart Indicators Reading:The 50-day and 21-day […]
Key Resistance Levels: 78.00, 80.00, 82.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BullishThe pair is now in an upward move. The price has broken the resistance at level 78.00. On December 17 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the pair is likely to […]
The past few days have been a very heart-wrenching experience for Ripple (XRP), which has seen the third-largest cryptocurrency shave off close to 60% from its value. Things came crashing for the cryptocurrency following a recent lawsuit by the SEC. In this article, we will be taking a deep dive into the SEC’s lawsuit against […]
