Key Resistance Zones: 24000, 25000, 26000 Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: Bearish Italy 40 is currently making an upward move as the 15000 support holds. The upward move has been hampered due to the resistance at 18000. Since March 25, the bulls have been making an unsuccessful attempts to […]
USDCHF Price Analysis – April 7 The USDCHF pair kept losing support in the American session through the early European, though recently registering daily lows underneath the 0.9700 level. Indications that the coronavirus global epidemic may hit its height in Europe and the United States have caused some lengthy-winding volatile trading in the US dollar. […]
Key Resistance Zones: 28500, 29000, 29500 Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: Bearish US30USD has resumed its upward move as it broke the 23000 resistance level. The market is approaching the resistance at 24000. On the upside, if the bulls continue the upward move the market will reach […]
S&P 500 Price Analysis – April 7 S&P 500 rose through last week’s high level of 2638.7 pushing further past the level of 2700 in today’s session as a slowdown in new infections suggesting that the epidemic may have hit a peak and that investors and markets could have better days ahead. Key Levels Resistance […]
Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish The bulls have finally broken the resistance at $0.18 as price reaches the high of $0.1990. Ripple has been in consolidation between $0. 12 and $0.17 since March 12. Presently, the upward move is facing resistance at $0.1990. This […]
Microsoft, a tech company, has licensed a new crypto mining technology that uses data on human body behavior to compensate people with digital currencies while executing specific functions. As shown in a study published on April 6, 2020, the company says the new technology aims at reducing computing energy consumed while mining, thus allowing the […]
EURUSD Price Analysis – April 6 The EURUSD currency pair stabilized throughout the 1.0780 regions during its last preceding trading session up to this point. The pair retained its consolidation even since early Monday. fThis Monday, a light of optimism is raising optimism while EURUSD was unable to take any notice of the fair sentiment. […]
USDWTI Price Analysis – April 6 West Texas Intermediate (WTI) oil is priced in red on Monday after hitting a $29.11 level as the emergency session of OPEC+ has been delayed. The drop may also be related to Saudi Arabia and Russia’s decision to delay the scheduled emergency session until Thursday to negotiate production cuts. Key […]
Key Resistance Zones: 12800, 13200, 13600 Key Support Zones: 11600, 11200, 10800 Germany 30 (DE30EUR) Long-term Trend: Bearish Germany 30 is currently in a bear market but seems to have exhausted selling pressure. Consequently, the 8000 support has been holding since March 19. The bulls made an upward move but face resistance at 10000. The […]
