Technical Analysis

EURJPY Annual Forecast – Price Is Set to Scale New Heights With a Bullish Flag Formation The annual forecast for EURJPY is for it to scale new heights, having conformed to a bullish flag formation. The bullish flag formation, an offshoot of the triangle pattern, began towards the tail end of 2020 as bulls began […]

GBPJPY Annual Forecast – Bulls Have the Bias in a Ranging Market The annual forecast for GBPJPY points to a bias in the bulls’ favor. The market has been in a ranging pattern as bulls and bears tussle for preeminence. Despite the bears’ being more aggressive, bulls are favored to gain preeminence. This is chiefly […]

Key Highlights LTC price resumes downward correction Litecoin fluctuates between $144 and $155 Litecoin (LTC) Current Statistics The current price: $148.18 Market Capitalization: $12,451,441,024 Trading Volume: $12,451,441,024 Major supply zones: $200, $220, $240 Major demand zones: $100, $80, $60 Litecoin (LTC) Price Analysis January 5, 2022 Litecoin’s (LTC) price is still in a downward...

BNBUSD Price Analysis – January 09 Further increase in the sellers’ momentum will push down the Binance Coin to break the support level of $430 and if the daily candlestick close below it, then, the price may decrease further to test the $364 support levels. BNBUSD Market Key levels: Resistance levels: $503, $540, $599 Support […]

Serica Energy Plc stock (LSE:SQZ) is currently in an uptrend and that is expected to continue in spite of the current pullback (which is shallow anyway). This bias on the market has often been bullish and that has remained unchanged. The market is currently above the upper Trendlines, and as long as it does not […]

Ashtead Group plc shares (LSE:AHT) have made a renewed bullish effort, after the recent pullback in the market. The overall bias is bullish, although that is fraught with bearish corrections along the way. 4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each […]

Key Resistance Levels: $1,900, $1,950, $2000 Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: Bullish Gold’s (XAUUSD) price is above the moving averages but faces rejection at $1,800. The market ought to rise as prices are above the moving averages. The bulls are yet to keep the price above the moving averages. Since […]

Key Levels Resistance Levels: $26, $28, and $30 Support Levels: $24, $22 and $19 XAG/USD Price Long-term Trend: Ranging XAG/USD price is in a sideways trend but battles the overhead resistance at $28. Following the uptrend on August 3, Silver rallied to a high of $28. The bulls could not sustain the bullish momentum above the […]

NZDUSD Analysis – Bearish Bar Aim to Break Over the 0.67000 Price Level of Influence NZDUSD bearish bar aims to break over the 0.67000 price level of significance. The bearish order of the market has been a major contributor to market formation. The more their tributes emerge from the market, the more influence they tend […]

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 pair is in a downtrend but may resume uptrend. The bears have pushed the altcoin to the low of level 1.3216. This is the previous low of December 7. The market will resume upward if the current support […]