GBPJPY Price Analysis – January 21 GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been in an uptrend but faces rejection at $87.50. It is retracing after breaking above the overhead resistance. The index reached the overbought region of the market. It is facing rejection at $87.50 high. The overhead resistance has not been […]
Key Resistance Levels: $60, $62, $64Key Support Levels: $40,$38,$36 Polkadot (DOT) Price Long-term Trend: BearishPolkadot’s (DOT) price is in a downward move but it may resume upside momentum. The altcoin has declined to $22 low. Since January 17, the cryptocurrency has been in a downward move after the rejection at the $28 resistance. Today, the […]
BNBUSD Price Analysis – January 21 In case the bears break down the support level of $419, the price may decline to $364 level, continue its downtrend movement towards the support level of $254. On the other hand, more pressure from the buyers may push up the Binance Coin to break the resistance level of […]
USDJPY Analysis: Expansion Leads to Bulls’ Break Out and Retest USDJPY bulls’ breakout and retest after expansion led to a bullish run in September. The market was held in a consolidation that lasted for several months. The month of September ended with an impulsive move. There was a sudden expansion from the 109.019 demand zone. […]
Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold (XAUUSD) is in an upward move as it resumes a fresh uptrend. Gold price breaks the resistance at $1,830 and resumes upward. Since December 31, buyers have been making frantic efforts to break above the resistance. On January 3, […]
Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishOn January 19, Dogecoin’s (DOGE) price breaks below the moving averages but resumes upward. Before now, DOGE price has corrected upward as price breaks above the moving averages. On January 14, the altcoin rallied to the $0.21 high. Buyers failed to sustain […]
AUDUSD Price Analysis – January 20 AUDUSD seeks to surmount the 0.73150 as it recovers from its latest setback. The market can be seen to be zigzagging through an ascending channel, making consistently higher highs and higher lows. Price has made its first contact with the resistance level and has dropped to the lower border […]
Uniswap Price Analysis – January 20 When the support level of $14 is tested and broken downside, price level may decrease to $12 and $9 support levels. In case the bulls were able to defend the support level of $14, Uniswap may bounce up towards the resistance levels of $16, $18 and $19. UNI/USD Market […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 (UKX) is in an uptrend as it faces rejection at level 7600. The index has reached the high of $7,615 and pulled back. The uptrend has continued on the upside. Meanwhile, on December 8 uptrend; a retraced candle body […]
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