S&P 500 Price Analysis – March 8 During the prior week, the S&P 500 rallied a little, rising past the 200 MA before plunging again. This is a market that is concerned about a lot of recessionary headwinds and as a result, we are likely to continue seeing the stock market in the red. Key […]
Key Resistance Zones: 23200, 23600, 24000 Key Support Zones: 20800, 20400, 20000 Japan 225 (JP225USD) Long-term Trend: Bearish Japan 225 index was in an uptrend since August 2019. The index rose from the low of 20000 to 24000 in February. The index has a sharp fall to the low of 20435 after the bulls were […]
Key Resistance Zones: 3100, 3200, 3300 Key Support Zones: 2700, 2600, 2500 Shanghai SE Composite Index (SHCOMP) Long-term Trend: Ranging Generally, the SHCOMP index has been in a sideways trend since May 2019. In November and December 2019 the index was in the oversold region as buyers emerge to push the market upward. In January, […]
In July 2018, India’s apex bank, The Reserve Bank of India (RBI) placed a blanket rule against businesses dealing in cryptocurrency. The apex bank had cited concerns of the banking sector being in impending danger if the activities of companies transacting in cryptos were allowed to continue. It was also worried about the spate of […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is in an uptrend and has successfully taken the first step to breach the $8,800 resistance. The bulls are now battling to break $9,200 resistance. The market will attain a high of $9,600 if the bulls […]
EURJPY Price Analysis – March 6 EURJPY prolongs the downward movement for the second session in a row on Friday, escalating after breaking beneath the key level of 118.87. In general, the exchange rate may continue to decline during the next trading session. Against this background, the cross faces the next price level of relevance […]
XAUUSD Price Analysis – March 6 Gold has taken another step forward, and buyers are now firmly sitting behind the wheel, while the price remains on the path of expansion above the level of $ 1,690. An intensive flight to a safe place on Friday continues to increase demand for traditional safe-havens such as US […]
• Bitcoin finally overcomes $9000 after seeing a 2.1% increase overnight • The next swing high may reach $9500 if buyers continue to show commitment This week, Bitcoin has displayed a nice recovery; especially above the critical $9000 resistance that suppressed buying pressure for days. Yesterday, the bulls finally reclaimed this resistance. After that, a […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bearish Australia 200 is currently in the downtrend after a sharp fall. The sharp fall was caused by the bulls while trying to break the resistance at 7200. In the process of breaking the resistance, a bearish double […]
