The World Health Organization (WHO) warned in a recent statement that coronavirus may potentially infect up to 60 percent of the world’s population. This is not very good news, especially considering that this disease is transmitted by inhalation and physical contact. Money has become one of the main avenues that this disease spreads, according to […]
GBPJPY Price Analysis – March 4 The price is moving south with a positive momentum of selling, while the pair’s inability to record any significant recovery from the important merger area near the 137.00 level suggests that the recent selling pressure may still be far from stopping. While the market fear of coronavirus (COVID-19) continues […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish France 40 index has been in an uptrend since 2019. The market reached a high of 6100 in its upward move. The bulls attempted to push above the overhead resistance but were unable to do so. France […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish In a nutshell, the downward movement of Litecoin is presumed to have ended. In other words, the market has entered a period of consolidation at the bottom of the chart. The major reason is that LTC has fallen […]
XAUUSD Price Analysis – March 4 XAUUSD pair recovered all the losses it made on Friday after moving ahead of the moving average price zone of 5 and 13, with the metal returning to the region of $1,600 level. The precious metal stays volatile, moving near to the recent highs and may soon reach a […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin fails to continue with its upward move as the bullish move was interrupted. The price fell back to the range-bound zone of $8,400 and $8,800. Bitcoin’s upward move is doubtful as the coin is still in […]
• Bitcoin is brewing for a fresh increase, but insignificant volatility is keeping rally in suspense. • If buyers fail to push above $9000, Bitcoin would remain in the wood After establishing small support around $8700 yesterday, Bitcoin is now completing an inverse head-and-shoulder pattern on the 4-hours chart and at the same time forming […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is in an uptrend showing the support levels of price. In May and August, the price tested the trend line and rebounded. The index reached a high of 25509. At the high of 25509, the […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trend: Bearish US Wall Street 30 index is in an uptrend showing the support levels of price. The bulls tested the Overhead resistance on two occasions before falling. The market dropped to a low of $25000 and […]
