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analyst75

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analyst75 last won the day on March 24 2018

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    Azeez
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    Mustapha
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    Forex analyst, coach and funds manager
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    Tallinex focuses on risk mitigation, leading us to develop proprietary trading technologies. All Tallinex trades are transmitted swiftly and reliably to the world's largest banks through a PrimeXM FX bridge to Integral's FX Grid system, which is optimized for Forex trading. Our clients can therefore benefit from better ECN/STP technology and confidently trade the Forex markets through Tallinex.
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    Meta Taders 4
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    Tickmill

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  1. Bitcoin (BTC) Drops To $6,828 After A Sudden Price Spike To $7,283 Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bearish On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. BTC is now fluctuating above $6,800. The bears will further sink BTC if the bulls fail to move up. Bitcoin may fall to the low of the breakout level of $6,400. However, if this level also cracks, the market will further fall to the next support. BTC/USD – Daily Chart Daily Chart Indicators Reading: Bitcoin is above 60% range of the daily stochastic. This is given the recent price spike which tested the resistance line of the descending channel. However, if price breaks and closes above the resistance line, there will be a change in the trend. BTC will resume an uptrend. BTC/USD Medium-term Trend: Bullish Yesterday, BTC was making an upward move to retest the $7,000 resistance. The price has earlier moved up to $6,800 before the commencement of price spike. The market moved above the resistance level but could not sustain above $7,000 because of the selling pressure. BTC/USD 4-hour Chart Indicators Reading The Relative Strength Index has risen to level 66. It indicates that BTC is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the upward move. General Outlook for Bitcoin (BTC) Yesterday, Bitcoin rose to $7,283 in a price spike. The bulls could not sustain the upward move because of the presence of sellers at the price level. BTC dropped to a low of $6,800. The price has since been fluctuating above that level. Instrument: BTC/USD Order: Sell Entry price: $6,784.00 Stop: $6,850.00 Target: $6,584.00 Source: https://learn2.trade
  2. EURJPY Extends Decline Lower Past The Level At 117.08 EURJPY Price Analysis – April 3 The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks. Key Levels Resistance Levels: 122.87, 121.15, 118.87 Support Levels: 116.12, 115.83, 114.39 EURJPY Long term Trend: Bearish EURJPY is sliding towards the lows of 2020, as the pair trades below its key daily 5 and 13 MAs and signals an apparent bearish trajectory. The pattern remains bearish in the larger sense as the cross stays well within the falling channel formed from 122.87 (high) level. The downtrend will continue to 109.48 (low) level as long as the resistance level holds at 122.87. Continuous 122.87 level break may, however, conclude a double bottom at (115.83, 116.12) levels which may indicate medium to long-term bullish reversals. EURJPY Short term Trend: Bearish The emphasis is now on EURJPY support levels of 115.83/116.12. There the definitive break may accelerate the larger downward trend. Next, a relatively close-term goal would be a 100 percent forecast of 122.87 to 116.12 at 114.39 levels from 121.15. Nonetheless, on the upside, the break of 118.87 minor level of resistance may assert that consolidation from 115.83 level is increasing with yet another upward step. Intraday bias for resistance level of 121.15 may be shifted further to the upside. Instrument: EURJPY Order: Sell Entry price: 117.08 Stop: 117.71 Target: 116.12 Source: https://learn2.trade
  3. Ripple (XRP) Reaches $0.12 Oversold Region As Buyers Emerge Key Resistance Levels: $0.30, $0.40, $0.45 Key Support Levels: $0.25, $0.20, $0.15 XRP/USD Long-term Trend: Bearish Ripple is presently fluctuating between $0.12 and $0.17. The market appears to have reached bearish exhaustion as the coin reached the oversold region of the market. At a low of $0.12, XRP was oversold. Consequently, the bulls emerge to push XRP upward. The coin rises to a high of $0.15 and resumes consolidation. On the downside, as the price fell to a low of $0.12 and became oversold, a further downward move is doubtful. On the upside, if the bulls break the $0. 17 overhead resistances, XRP will resume an upward move. Meanwhile, the sideways trend may persist if the $0.17 resistance is unbroken. XRP/USD – Daily Chart Daily Chart Indicators Reading: Ripple is trading above 40% range of the daily stochastic. It indicates that Ripple is in bullish momentum but the current upward move is weak. This is in view of the currently prevailing bear market. The moving averages are pointing southward. XRP/USD Medium-term Trend: Ranging On the 4-hour chart, Ripple is in a sideways trend as the market fluctuates between $0.12 and $0.17. Ripple was earlier oversold as the market reached bearish exhaustion. Selling pressure is unlikely as the bulls emerge at the oversold. XRP/USD – 4 Hour Chart 4-hour Chart Indicators Reading Ripple is now in a horizontal channel as the price fluctuates between $0.12 and $0.17. Meanwhile, Ripple is rising as it reaches level 59 of the Relative Strength index. Ripple is above the centerline 50 indicating that it is in the Uptrend zone. Nevertheless, the 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. General Outlook for Ripple (XRP) Ripple is at the bottom of the chart but it is trading at $0.15 as at the time of writing. The pair is likely to continue its consolidation for a few more days. Presently, the bulls are having the upper hand as the price fluctuates upwards. It is assumed that the selling pressure has been exhausted. Ripple (XRP) Trade Signal Instrument: XRP/USD Order: Buy Entry price: $0.162 Stop: $0.150 Target: $0.362 Source: https://learn2.trade
  4. EURJPY Extends The Sell-Off From The Weekly Highs Towards The Sub-118.87 Region EURJPY Price Analysis – March 27 EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures. Key Levels Resistance Levels: 123.37, 122.87, 121.15 Support Levels: 117.08, 115.83, 114.84 EURJPY Long term Trend: Bearish In the larger structure, the trend stays bearish as the cross returned still within the falling channel formed since 123.37 (high). As long as the resistance level is 122.87, the downward trend may proceed in the next session towards the support level of 114.84. Even so, a continuous break of 122.87 may achieve a double bottom level (115.83, 117.08) which may suggest a long-term bullish reversal. EURJPY Short term Trend: Ranging Initially, the EURJPY trend barely changed. Consolidation from a level of 115.83 can be increased through further rises. On the contrary, a break of 121.15 level will approach a resistance level of 122.87. On the downside, a continuous break of 115.83 level may suggest a greater resumption of the downward trend. The price is testing the 119.99 resistance level even though the cross may have a retest of the 120.17 and 121.15 price levels. Support is seen at levels of 119.24, 118.87 and 118.37. Instrument: EURJPY Order: Sell Entry price: 120.17 Stop: 120.67 Target: 119.24 Source: https://learn2.trade
  5. Bitcoin Cash Makes An Upward Move As Bulls Buy At Lower Levels Of The Market Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bearish On March 16, BCH fell to the low of $164 and the bulls buy at the lower levels of the market. The coin made an upward move as a result of the purchase. BCH has risen to $191 and it is approaching the high of $200. On the upside, if the bulls break the resistance at $200, the market will rise to a high of $265. Presently, BCH is trading at $191 as at the time of writing. BCH may fall to a low of $169 if it fails to break the $200 resistance. BCH/USD – Daily Chart Daily Chart Indicators Reading: Currently, BCH is rising as it is above 20% range of the daily stochastic. This indicates that Bitcoin cash is in bullish momentum. The coin was previously in an oversold region. The bulls are emerging as the coin makes an upward move. BCH/USD Medium-term Trend: Bearish On the 4-Hour chart, BCH is in a descending channel. On March 12, BCH fell to the low of $141 and resume a range-bound movement. The coin is currently approaching the high of $200. BCH/USD – 4 Hour Chart 4-hour Chart Indicators Reading BCH has risen to level 56 of the daily Relative Strength Index period 14. BCH is above the centerline 50 which means that it is in an uptrend zone. BCH is currently rising, and if it breaks the resistance line of the descending channel and closes above, it is an indication of an uptrend. General Outlook for Bitcoin Cash (BCH) Bitcoin Cash is currently trading above $160. The bulls buy at a lower level on March 16, compelling BCH to rise to the previous highs. However, the actual test comes as it faces the resistance at $200. The upward movement will continue if it breaks above $200 resistance. Conversely, it may fall if the bulls fail to break above it. Bitcoin Cash Trade Signal Instrument: BCH/USD Order: Sell Entry price: $191 Stop: $240 Target: $120 Source: https://learn2.trade
  6. AUDUSD Rebounds After Plummeting To 0.5506 Levels AUDUSD Price Analysis – March 19 The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move quickly. Key Levels Resistance Levels: 0.7031, 0.6684, 6434 Support Levels: 0.5506, 0.5118, 0.4773 AUDUSD Long term Trend: Bearish AUDUSD’s decline from 0.7031 (high) level is still on the way in the larger structure. It is part of the greater downward trend from 1.1079 (high) level. The estimate of 61.8 percent from 0.7031 to 0.6878 at 0.5506 level is already achieved. There could be continuous breaks paving the way to 0.4773 (low) level. On the upside, it needs a break of 0.6684 resistance level to suggest short-term bottoming, on the other hand, even in case of a fast rebound, the trend may stay bearish. AUDUSD Short term Trend: Bearish AUDUSD’s fall has so far accelerated to a level of 0.5506. There may be some support from the medium-term projection level of 0.5506. But to confirm short term bottoming, breakage of 0.6028 minor resistance level is required. On the other hand, more decline is still predicted from 0.6684 at 0.5118 level for the next target of 261.8 percent projection of 0.7031 to 0.6434 level. Instrument: AUDUSD Order: Buy Entry price: 0.5701 Stop: 0.5506 Target: 0.6028 Source: https://learn2.trade
  7. Ethereum (ETH) Fails To Hold Above $240, Encounters Further Selling Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bullish Ethereum’s recent fall was caused by the bulls’ inability to sustain above $240 price level. Since on February 25, the market has been fluctuating above $220 before its upward move to the high of $246. As the price breaks above $240, it was expected of the coin to revisit the previous high above $286. The bulls could not sustain the upward move and they were repelled. The price dropped from a high of $252 to $199. There is possibly of another downward move of the coin. Ethereum may further depreciation to the low of $180 or $197 if the selling pressure continues. ETH/USD – Daily Chart Daily Chart Indicators Reading: Ethereum is now in bearish momentum. The previous bullish momentum was interrupted because the bulls failed to push the price upward. Currently, the market is below 25% range of the stochastic. The market is now in a bearish momentum approaching the oversold region. ETH/USD Medium-term Trend: Ranging On the 4 hour chart, the coin has been in a sideways trend. The sideways trend is ongoing as ETH makes a downward move. The third attempt was unsuccessful as price fell to the low of $210 but move up to make a retest at $250. The retest at $250 catapults the coin to further depreciation. Ether has reached a low of $190’. ETH/USD – 4 Hour Chart 4-hour Chart Indicators Reading The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. The Relative Strength index period 14 is level 31 indicates that the coin is approaching the oversold region of the coin. It is also below the centerline 50. General Outlook for ETH Ethereum is bound is still under bear control. It was assumed that Ether will fall but will rebound at a low of $197. Nevertheless, if the price fails to rebound but drops below $180, it will portend negatively for the coin. Besides, since the low at $200 is broken, the price is likely to fall to the $180 low ETH Trade Signal Instrument: ETHUSD Order: Sell Entry price: $194 Stop: $200 Target: $180 Source: https://learn2.trade
  8. Crude Oil: WTI Price Tumbles As Market Bearish Trend Extends Lower To $27.40 Level USDWTI Price Analysis – March 9 WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from the 2016 troughs. Key Levels Resistance Levels: $54.40, $50.88, $46.00 Support Levels: $27.40, $25.00, $20.00 USDWTI Long term Trend: Bearish In the larger structure, the market mood turned to bearish after the drop beneath the $43.83 level of 2018 low and only a bounce back past that level could restore the optimistic outlook. If recovery occurs, with the price closing past today’s high of $41.51 level, resistance could arise within the former support area of $41.09-$43.83 levels, a break from which could see the $46.00 level re-test. USDWTI Short term Trend: Bearish WTI crude oil prices dropped more than 10 percent today as prices reached a $27.40-level multi-year low, although this coincides with multi-year support turned resistance point at $41.09 level. If the price returns past this level, we might see some consolidation happen. The restructuring would most likely stay between ranges of $41.09 and $46.00 levels. We’d be on the lookout for any initial signs of higher low formation that could indicate a rebound. Instrument: USDWTI Order: Buy Entry price: $27.40 Stop: $25.00 Target: $41.09 Source: https://learn2.trade
  9. Germany 30 (DE30EUR) Consolidates After An Incredible Fall Key Resistance Zones: 12800, 13200, 13600 Key Support Zones: 11600, 11200, 10800 Germany 30 (DE30EUR) Long-term Trend: Bearish DE30EUR index was in an uptrend since January 2019 but was ended in February 2020. The stoppage of the uptrend was that the market reached the overbought region. DE30EUR reached a high of 13800 and was overbought. The upward move becomes impossible because buying has been overdone. In the overbought region, sellers are on hand to push DE30EUR downward. The market fell to a low of 11800. Nonetheless, the index fell to a low of 11800 and was oversold. The current support is likely to hold as we expect buyers at the oversold region to push the price upward. DE30EUR – Daily Chart Daily Chart Indicators Reading: The downtrend of the index has resulted in the DE30EUR to be in an oversold region. DE30EUR fell below a 20% range of the daily stochastic. This also means that DE30EUR is in a strong bearish momentum. It is expected that buyers will be on hand to push the index upward. DE30EUR will remain in the oversold region as long as buyers delay to emerge. Germany 30 (DE30EUR) Medium-term Trend: Bearish On the 4- hour chart, the index has been in a sideways trend before the downward move. DE30EUR has been fluctuating between 13000 and 13600 for sometimes. The bulls and the bears have earlier been testing the lower and the upper price range to break it. However, the market fell after the bulls tested 13800 resistance level. DE30EUR – 4 Hour Chart 4-hour Chart Indicators Reading The index is currently at level 36 of the Relative Strength Index period 14. The index is likely to fall because it is below the centerline 50. The 21-day SMA and the 50-day SMA are sloping southward indicating the downtrend. Buyers will emerge in the oversold region to push the index upward. General Outlook for Germany 30 (DE30EUR) DE30EUR is consolidating after a price breakdown. After a period of consolidation, the market will either fall or rise. The index may move up after a period of consolidation. This is because Germany 30 is in the oversold region of the market. Buyers are likely to push the index upward. Instrument: Germany 30 (DE30EUR) Order: Buy Entry price: 11940 Stop: 11700 Target: 13600 Source: https://learn2.trade
  10. USDCHF Remains Beneath The 0.9600 Level Despite The Greenbacks Rebounding Bond Yields USDCHF Price Analysis – March 3 The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a good recovery from all-time lows. It eventually helped alleviate the US dollar’s recent bearish pressure but unable to lift the pair. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9845 Support Levels: 0.9500, 0.9438, 0.9370 USDCHF Long term Trend: Bearish After a strong collapse over the last few days, the bears are likely to wait for a regular closing beneath the low price level of September 2018 close to 0.9541 level, thus targeting 0.9500 levels during the further declines. Nonetheless, it may recall the buyers targeting 0.9700 marks on the off-chance the pair’s recovery moves past-0.9629 price levels including lows marked on January 31. USDCHF Short term Trend: Bearish Technically with a low resistance level of 0.9654, the intraday bias in USDCHF stays on the downside as the current fall from 1.0231 may aim a forecast of 100 percent from 0.9845 to 0.9438 levels. On the upside, breakage of 0.9654 minor resistance level may first alter the neutral intraday bias and recovery may be well beneath the resistance level of 0.9845 to usher in continuation of fall resumption. Instrument: USDCHF Order: Sell Entry price: 0.9541 Stop: 0.9613 Target: 0.9438 Source: https://learn2.trade
  11. S&P 500 Unexpected Crash Resumes Its Decline, Dropping To Fresh 2020 Lows S&P 500 Price Analysis – February 28 The S & P 500 has a deep pullback beneath Simple Moving Averages (SMAs) while selling pressure hit past 3100 levels downwards at new lows in 2020. The spread of Coronavirus makes investors fear global growth. Continuous stays beneath the stated level may increase further selling expanding down to 2800 level. Key levels Resistance levels: 3400, 3220, 3000 Support level: 2853, 2772, 2600 S&P 500 Long term Trend: Bearish The S & P 500 received another blow in the previous session: the opening price gap plunged beneath the critical support at 3000.00 level, and now it has entered the second phase of selling at today’s session towards the next support level at 2853.00, currently, it is trading near the level of 2950.00. Currently, the index is trading at 2947.00 level, after an attempt to close the price gap failed and fell before returning to the level of 3000.00. We can see attempts to stay past 2900.00 level, however, if this fails, the next two supports are estimated at 2853.00 and 2772.9 levels. S&P 500 Short term Trend: Bearish The S & P 500 is experiencing a deep downward correction and is currently challenging its moving average of 5, trying to rebound since the bears broke beneath 3000 levels, reaching new lows in 2020. The spread of Coronavirus causes traders to panic. The lack of an upward momentum of the S & P 500 may lead to further selling with a further decline to the level of 2853.00. Instrument: S&P 500 Order: Sell Entry price: 3000 Stop: 3069 Target: 2853 Source: https://learn2.trade
  12. Australia 200 (AU200AUD) Plummets Heavily, But May Bounce Upwards Soon Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bullish The index is in an uptrend. It has been making a series of higher highs and higher lows. On July 29, 2019, the market reached its high of 6800. It was said to be in the overbought region. Sellers emerge as price drops to a low of 6400. The upward move resumes as the market reaches a high of 7155 but was resisted. Price plummets to a low of 6900. Bulls took the price to the high of 7167, thereby forming a bearish double top. The market fell because of the formation of a bearish double top. It fell to the low of 6615. AU200AUD – Daily Chart Daily Chart Indicators Reading: Australia 200 has fallen to level 26 of the daily Relative Strength index period 14. It indicates that price has reached the oversold region of the market. That is selling has overdone. Buyers are likely to emerge to push the index upward. Australia 200 (AU200AUD) Medium-term Trend: Bearish On the 4- hour chart, Australia 200 is also in an uptrend. A bullish trend line is drawn showing support levels of the index. AU200AUD rebounded at the support of the trend line on January 6 and reached a high of 7154. At this high of 7154, the market was in an overbought region as it fell to a low of 6900. AU200AUD – 4 Hour Chart 4-hour Chart Indicators Reading On February 19, price reached the peak price of 7200 but was resisted. The market fell to a low of 6615. This was the previous low of December 32019. Meanwhile, The market is below 20% range of the daily stochastic. At this moment, the market is in the oversold region. In other words, AU200AUD is in a strong bearish momentum. The momentum will remain until buyers emerge to push the indices upward. General Outlook for Australia 200 (AU200AUD) Australia 200 makes an impressive upward move, it soon reaches the overbought region of the market. This is done by suggesting sellers take control of price. The bears pushed the indices to the oversold region at 6615. The market is likely to go up once buyers emerge. Instrument: Australia 200 (AU200AUD) Order: Buy Entry price: 6586 Stop: 6300 Target: 7200 Source: https://learn2.trade
  13. Bitcoin (BTC) Consolidates As Bears And Bulls Tussle Above $9,400 Support Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging Bitcoin has failed to break above $10,400 overhead resistance. The bulls made two unsuccessful attempts at the resistance. In the recent one, the bears took the price to a low of $9,290 and then pulled back above $9,400. In the interim, the price is fluctuating above $9,400 and approaching the high of $9,800. As the bulls have failed to push above the overhead resistance, the pair may commence a range movement. Nonetheless, it is anticipated that if the bears break below the $9,400 support, selling pressure may resume. Meanwhile, BTC may continue the range-bound movement. BTC/USD – Daily Chart Daily Chart Indicators Reading: After the downward move of Bitcoin, the Relative Strength Index has also fallen to level 52. This simply means the coin is above the centerline 50. In other words, BTC is in an uptrend and it is likely to rise. Price broke the support line of the ascending channel. The uptrend will be in proper perspective only when the bulls break into the ascending channel. BTC/USD Medium-term Trend: Bearish On the 4- hour chart, Bitcoin now trades between $9,400 and $10,200 after the first breakdown at the $10,400 overhead resistance. The bulls tested the resistance at $10,200 twice , before the downward move. The large bearish candlesticks tested a low of $9,290. However, the small body candlesticks that follow are called indecisive candlesticks. BTC/USD – 4 Hour Chart 4-hour Chart Indicators Reading Presently, BTC is trading above a 25% range of the daily stochastic. That is the coin is in the bullish trend zone. The 21-day SMA and the 50-day SMA are sloping horizontally indicating a sideways trend. General Outlook for Bitcoin (BTC) From every indication, if the bulls fail to push above the overhead resistance, the price action in October and November will repeat itself. For the past three days, BTC is still fluctuating above $9,400. Instrument: BTC/USD Order: Sell Entry price: $9,700 Stop: $9,900 Target: $8,400 Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results Source: https://learn2.trade
  14. The Sharp Recovery In EURJPY Lose Momentum, Falters Beneath The Level At 121.00 EURJPY Price Analysis – February 21 The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls. Key Levels Resistance Levels: 122.37, 122.87, 121.00 Support Levels: 119.99, 117.08, 115.83 EURJPY Long term Trend: Ranging The EURJPY rebound from the level of 118.46 continues to advance from the previous session, but today it has stalled. Super-speed acceleration claims that a decline from 122.87 level could have ended in three waves to 118.46 level. However, the support level formed by the intersection of the moving average of 5 and 13 at 119.90 level can support the exchange rate during the trading session on Friday, while greater advance can continue from the level of 115.83. EURJPY Short term Trend: Ranging From an analysis of the 4-hour time frame, the intraday bias is now on the rise for a resistance level of 121.15 at first. The breakthrough will be aimed at 122.87 high levels. On the other hand, a breakdown of the secondary support levels of 119.99 could change the bias towards lower testing to retest the low level of 118.46 instead. Instrument: EURJPY Order: Sell Entry price: 121.00 Stop: 119.66 Target: 121.47 Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results Source: https://learn2.trade
  15. Gold Is Trapped In A Narrowing Price Band Lacking In Directional Bias XAUUSD Price Analysis – February 14 Gold did not have a strong directional inclination and traded in a limited exchanging band around the $ 1,575 level during the early European session on Friday. The blend of separating powers couldn’t give any new catalyst or support the valuable metal to build up a positive shift of the previous session to the tops in a week. Key Levels Resistance Levels: $ 1611, $ 1595, $ 1585 Support Levels: $ 1550, $ 1540, $ 1517 XAUUSD Long term Trend: Bullish The metal has printed lower highs and higher lows since it reached $ 1,611.49 level in early January. This took the form of a tapering price band or a declining triangle. Marvin Steinberg und seine Sicht auf den STO-Markt: https://coincierge.de/2020/marvin-steinberg-und-seine-sicht-auf-den-sto-markt/ Admitting past the upper limit may mean the resumption of the uptrend from November lows of about $ 1455.70 level and may lead to a move past the recent high of $ 1611.49 level. XAUUSD Short term Trend: Ranging The day after a slight decrease in price, gold came back to the resistance region of $1575 – $1578 levels. With the RSI indicating a potential move higher, we could see some expansion in force. However, gold requires to get through the barrier zone to affirm further advancement and besides, it additionally needs to break past the recent highs to keep up an upswing. Instrument: XAUUSD Order: Buy Entry price: $1,575 Stop: $ 1,563 Target: $1,580 Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. Source: https://learn2.trade
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