Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bearish As of today, France 40 index is still facing resistance at 4600. The market is on a downward move as a result of the resistance at 4600. This will be the second unsuccessful attempt at the resistance. […]
• Bitcoin is facing heavy supply at $6900 – $7000 area, although it may start a fresh increase if the price can successfully breakthrough • Bitcoin bulls are trying to hold momentum but selling pressure remains dominant. Since the massive selloff over the weekend, Bitcoin’s volatility has been quite moderate after recovering from $6600 […]
Key Resistance Levels: $70, $80, $90 Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: Bearish After the bearish impulse on April 13, LTC dropped to $40 low. The selling pressure was caused by price as the pair reached $47 overbought region. Sellers pushed prices down to $40 low. This provides buying opportunities as […]
Google’s queries for “Bitcoin Halving” soared beyond all levels shown in 2016 in this last year. Statistics reveal that many people search for details about the block-reward halving of the first and largest crypto-currency until it happens in mid-May. Search queries in cryptocurrencies are also among the strongest methods to assess retail demand. The halving […]
Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish The index is still trading below the resistance at 18000. Italy 40 has not been broken since March 25. Today the bulls are testing the resistance zone but were resisted. The market will rise to a high […]
Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The USD/JPY pair is currently in a sideways move. The market is ranging between the levels of 106 and 110. Recently, the pair traded to the high of 112.228. At the recent high of 112.228, the market reached […]
USDCHF Price Analysis – April 14 In the European session, the greenback selling resurgence increased momentum and pushed the USDCHF pair to new two-week lows around the area of 0.9620-00. In addition to a broad-based USD weakness, the drastic drop defied any obvious fundamental impetus and also appeared somewhat unchanged by a turnaround in global risk sentiment. […]
S&P 500 Price Analysis – April 14 Guarded optimism that the global coronavirus pandemic may have begun to nosedive pushed the S&P 500 higher in the European session on Tuesday past the 2800 psychological mark during Asia session. Steady growth is likely to continue, as the COVID-19 impacts the majority of businesses. Key Levels Resistance […]
• After a wedge breakdown, Bitcoin is still suspending major correction on the 4-hours chart • Bitcoin is already forming a lower low and lower high pattern in an hourly channel. Bitcoin continued to struggle under $7000 since price plunged from $7450 last week. After dropping to $6600 yesterday, Bitcoin slightly bounced back with 3% […]
