USDWTI Price Analysis – February 24 At the beginning of the week, WTI’s prices traded deep into the negative territory, breaking the key low levels at the $51.00 mark per barrel and simultaneously slipping back to fresh multi-day lows. Key Levels Resistance Levels: $ 59.61, $ 56.29, $ 54.40 Support Levels: $ 50.00, $ 49.42, […]
Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bullish In its recent moves, Ethereum reached a high of $286 on February 13. The bulls were unable to break the recent high as they make a retest. Ether was repelled on the second unsuccessful attempt. On each occasion, the […]
The Ministry of Finance of Japan, the Financial Services Agency and the Central Bank are said to have joined forces to promote research on digital currencies, recently officials from the three agencies discussed how digital currencies could impact the global currency system. The agencies have held several meetings, the Japan Times reported Saturday, citing JIJI […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish Today, Bitcoin is retracing after being resisted from the $10,000 price level. The bulls were making an upward move after the coin rebounded at the low of $9,290. The upward move was interrupted at the resistance of […]
• Bitcoin continued to trade in an hourly channel as bears gain control. • Bearish actions might get worse if Bitcoin drops below $9500 The situation for Bitcoin now shows bearish signs than before considering the sudden rejection from $10000 to $9562 on Bitfinex a few hours ago. As a result of this, Bitcoin is […]
GBPUSD Price Analysis – February 23 GBPUSD extended the daily recovery during the previous session and touched a new daily high of 1.2981, as the dollar came under strong selling pressure on disappointing PMI data. Key Levels Resistance Levels: 1.3700, 1.3514, 1.3200 Support Levels: 1.2900, 1.2582, 1.1958 GBPUSD Long term Trend: Bullish In the long-term […]
Resistance Level: 7,500, 7, 600, 7,700 Support Level: 7,300, 7,200, 7,100 FTSE 100 (UKX) Long-term Trend: Ranging There has been no price movement of FTSE 100 (UKX) shares between February 21 and February 23. The company stock remains the same in January, as the shares rose to a high of 7,700; whereas, in February, the […]
S&P 500 Price Analysis – February 23 The S & P 500 initially tried to advance over the previous week, but then returned gains by touching the 3340 handles. The United States will continue to be considered a bit of a security trade, and the S & P 500 is one of the most common […]
Key Resistance Zones: $3.0, $3.50, $4.0 Key Support Zones: $2.50, $2.0, $1.50 QTUM/USD Long-term Trend: Bullish QTUM has been on a downward move since February 15. The selling pressure has been exhausted on February 20 as price consolidates above $2.42. The market is making an upward move above the current support. On the upside, if […]
