Technical Analysis

Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Bearish GBP/USD is in a downtrend as it may further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below […]

EURUSD Price Analysis – March 5 In case the Bears are able to push the price below the support level of $1.11, then, support level of $1.10 and $1.09 may be tested. Should the just mentioned level is defend by the bulls, the price may continue its bullish trend towards $1.13, $1.14 and $1.16 levels. […]

EBay Inc. shares (NASDAQ:EBAY) are currently in a downtrend and this is expected to continue in spite of attempted rallies along the way. There is a recent bullish candle in the market, which should give an opportunity to go short at cheaper rates. DMI 14 is around the level 40, which supports huge volatility in […]

FTSE 100 price (FTSE:UKX) has currently generated a short-term bearish signal, and it is not advisable to go long at the moment. This is because the bearishness may continue longer from here. The market is currently moving below the EMA 21, while William’s % Range period 20 is already in the oversold region. Yes that […]

Bitcoin (BTC) suffered another wave of sell-off in the Asian session on Thursday, as it fell to the $34,337 low. The rest of the cryptocurrency industry suffered the same fate, as the total market capitalization fell to the $1.5 trillion mark again. Many analysts argued that the $35,000 level was a critical level for the benchmark […]

Ethereum makes an upward correction to the high of $2,756 ETH/USD reaches an overbought region of the market Ethereum ETH) Current Statistics The current price: $2,647.01 Market Capitalization: $316,852,179,584 Trading Volume: $13,281,411,345 Major supply zones: $4,000, $4,500, $5,000 Major demand zones: $3,500, $3,000, $2,500 Ethereum (ETH) Price Analysis February23, 2022 Ethereum’s (ETH...

The stock market has been a one way bet for many years, it has been easy to make money but the good time is coming to an end.  Stocks are about to underperform other assets.  There is a limit to the rate of ascent, when a market goes up constantly the market becomes disconnected from […]

Technical analysis is very important for trading, but many people don’t understand what it is, nor do they know how to apply it to their own trading. The truth is, when applied correctly and objectively, technical analysis works. So what is technical analysis? It is a trading discipline employed to evaluate investments and identify trading […]

EURCHF Market Analysis – February 15 EURCHF suffers rejection at a significant price level of 1.06070, but that has not silenced the raging of the bulls. The upsurge in price was cut off abruptly at this resistance level. A slight pullback followed before bulls charged back at the resistance level. The second chargeback was equally […]

My Initial Interest When I first heard about Bitcoin in 2015, I thought it was a joke. I didn’t care much about it, although I knew brokers and exchanges that were dealing in BTC then. I created a Bitcoin wallet and once or twice received payment in BTC… But apart from that, I didn’t do […]