15.08.2022
Chicago 12, Melborne City, USA
Business

FTSE 100 Reaches the Overbought Region but It Is Stuck at $7520

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend but it is stuck at $7520. On August 11, the index declined to the low of 7460 and resumed upward. Today, the bulls are struggling to break the recent high. A beak above the $7,520 […]

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Business

US Wall Street 30 Reaches Overbought Region as It Targets 34190.30 High

Key Resistance Zones: 31500, 32000, 32500Key Support Zones: 26000, 25500, 25000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 is in an uptrend as it targets 34190.30 high. The uptrend is approaching the next resistance at level 34124. A break above the next resistance will catapult the index to the high of […]

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Business

Ethereum Reaches the Overbought Region as It Holds Above $1,600

Key Highlights Ethereum trades below the $1,780 resistance zoneEther fluctuates between $1,600 and $1,780 Ethereum (ETH) Current StatisticsThe current price: $1,674.83Market Capitalization: $203,972,885,538Trading Volume: $16,732,859,387Major supply zones: $1,800 $2,000, $2,200Major demand zones: $1,700, $1,500, $1,300 Ethereum (ETH) Price Analysis July 31, 2020 Ethereum (ETH) price is in an uptrend as it holds above $1,600. It […]

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Business

Ethereum Struggles above the $1,700 Support as It Reaches the Overbought Region

Key Highlights Ethereum hovers above the $1,700 supportEther targets the high of $2,050 Ethereum (ETH) Current StatisticsThe current price: $1,707.28Market Capitalization: $207,866,779,127Trading Volume: $22,932,845,987Major supply zones: $1,800 $2,000, $2,200Major demand zones: $1,700, $1,500, $1,300 Ethereum (ETH) Price Analysis July 29, 2020 Ethereum (ETH) price is making impressive upward moves to the previous highs as it […]

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Business

GBP/USD Surges as It Reaches the Overbought Region at Level 1.2167

Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BullishGBP/USD is in an upward correction as it reaches the overbought region at level 1.2167. In the meantime, the Pound is trading between the moving average lines but approaches the 50-day line SMA. A break above the […]

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Business

USOIL Reaches the Oversold Region as It Declines to Level $87.74

Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00, $62.200, $58.00 USOIL (WTI) Long-term Trend: BearishOn July 19, USOIL is in a downtrend as it declines to the level of $87.74. The downtrend will resume if the bears break below the current support at $95.38. Meanwhile, on June 22 downtrend; a retraced candle body tested […]

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Business

Gold Reaches Bullish Exhaustion as It Faces Rejection at $1,739

Key Resistance Levels: $1,900, $1,950, $2,000Key Support Levels: $1,750, $1,700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downward correction as it faces rejection at $1,739. The market has reversed after reaching the low of $1,680. The upward move is hindered because the market has reached the overbought region. Meanwhile, on May 16 downtrend; […]

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Business

US Wall Street Reaches the Overbought Region as It Fluctuates Below 32005.50

Key Resistance Zones: 35000, 35500, 36000Key Support Zones: 27000, 26500, 26000 US Wall Street 30 (US30USD) Long-term Trends: BullishUS Wall Street 30 is in an uptrend as it fluctuates below 32005.50. The index has risen to the high of level 31867.50 on July 19. For the past 48 hours, the upward move has stalled as […]

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Business

GBP/USD Reaches an Oversold Region as It May Decline to Level 1.1715

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it may decline to level 1.1715. The bears have broken below the lower lows of 1.1934 signaling a further downward move. This was a result of rejection at level 1.2400 high. On the upside, […]

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Business

NAS100 Reaches the Oversold Region as It May Reverse at Level 11744.56

Key Resistance Zones: 16000, 16500, 17000Key Support Zones: 13500, 13000, 12500 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in a downtrend as it may reverse at level 11744.56. The index is now trading between the 21-day line SMA and the 50-day line SMA. The selling pressure will resume if the price breaks below the 21-day […]

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