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analyst75

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Everything posted by analyst75

  1. AUD/JPY ATTEMPTS TO RESUME UPTREND BUT FACES REJECTION AT LEVEL 77.00 Key Resistance Levels: 74.00, 76.00, 78.00 Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: Ranging The AUD/JPY pair is on a sideways trend. The pair fluctuates between level 73.00 and 77.00. The price tested the resistance line in July but was repelled. It fell to level 75.00 and resumed a fresh uptrend. This has been the market scenario. The pair is yet to trend,. AUD/JPY – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways move. The pair has fallen to level 60 of the Relative Strength Index period 14. The price is in the uptrend zone but above the centerline 50. AUD/JPY Medium-term Trend: Ranging On the 4-hour chart, the pair is fluctuating and consolidating above level 74.00. In July, the price rose to level 76.50 but fell back to level 75. AUD/JPY has since resumed a sideways. In August, the pair tested the resistance and price fell to level 75.00. 4-hour Chart Indicators Reading The AUD/JPY pair is currently below 80% range of the daily stochastic. It indicates a bearish momentum. The price action is indicating a bullish signal. The SMAs are sloping sideways move indicating the sideways trend. AUD/JPY – Daily Chart General Outlook for AUD/JPY The AUD/JPY pair is currently fluctuating between levels 73 and 77. Since June, the market has continued to fluctuate between the price range. The key levels of the price range are yet to be broken. Source: https://learn2.trade
  2. GBPJPY REGAINS TRACTION AND MOVED TO HIGHS AT 139.00 LEVEL GBPJPY Price Analysis – August 5 The GBPJPY regains traction upward despite being taken aback by a withdrawal near the level of 139.00 and rapidly retreated in the early North American session around 45 pips. The GBP buyers have largely shaken off fears about the second wave of coronavirus infections and anxiety of a no-deal Brexit. Key Levels Resistance Levels: 144.95, 141.24, 139.74 Support Levels: 136.62, 131.75, 129.29 GBPJPY Long term Trend: Ranging Given the factors impacting it, the GBPJPY cross failed to make it through the 139.00 level, requiring investors sufficient vigilance to soften their bullish bias. That makes it safe to wait for some follow-through intensity beyond last Friday’s peak, around the 139.20 level, to validate any bullish bias in the medium to long term. The GBPJPY cross may then target to break monthly swing high resistance near the region of 139.74 in June and intensify the traction towards the main psychological mark of 140.00. Resolute breach of 147.95 level, nevertheless, may affect the possibility of bullish long-term reversal. Validation of the emphasis would then be shifted to the resistance level 156.59. GBPJPY Short term Trend: Bullish At this level, the intraday bias in GBPJPY stays neutral. Yet more increase is in view as long as the support level switched to 136.62 resistance level persists. On the upside, a solid breach of 139.74 levels may restore the entire increase from 123.99 to 135.76 levels from 129.29 at 141.24 levels. Additionally, to extend the consolidation trend from 139.74 level, a breach of 136.62 levels may turn intraday bias back to the downside. Nonetheless, if the price continues to exit with a bullish continuation trend beyond the level of 138.68 then continuation to the horizontal support at the level of 139.20 is probable. Source: https://learn2.trade
  3. GOLD TO END NEXT WEEK WITH A BANG Gold (XAU/USD) jumped to a fresh all-time high, around the $1,984 level in the early European session, before retreating lower. Following yesterday’s profit-taking-triggered slide to the $1,940 area, the yellow metal was quick to bounce back and is set to end the week in a grand style. The bull run marked the tenth consecutive bullish session in the past eleven days and was mainly bolstered by the dominant bearish sentiment surrounding the US dollar. Worries over the dwindling prospects for an economic recovery amid the Coronavirus saga continued to exert strong bearish pressure on the USD. This worry was reignited following the release of the US Q2 GDP report yesterday, which indicated that the economy contracted by a record 32.9% annualized pace. This coupled with the political tussle over the next round of stimulus measures further weakened the USD and bolstered the dollar-denominated commodity. This comes on the heels of the dovish FOMC comments earlier this week coupled with the prevailing drop in the US Treasury bond yields, which further strengthened gold’s bullishness. Moving on, market participants will be looking at the US economic docket—which features the Core PCE Price Index, Personal Income/Spending data, Chicago PMI, and Revised Michigan Consumer Sentiment—for clues to trading opportunities today. XAUUSD – Hourly Chart Gold (XAU) Value Forecast — July 31 XAU/USD Major Bias: Bullish Supply Levels: $1,983, $1,990, and $2,000 Demand Levels: $1,970, $1,960, and $1,940 Gold has been progressing with our projections so far and is nearing the $2,000 target more and more. Immediate support can be found at the $1,970 level, however, further retrace will be strongly supported by the $1960 region, which happens to be a confluence of a support line and our ascending trendline. At this level, gold needs a bounce from one of these support lines to send it once again on its journey to the $2,000 level, but first, we need to clear the $1,983 resistance.
  4. BATTLE STYLES IN THE WAR ROOM Trading is a highly competitive human endeavor, but it is also highly rewarding. The financial markets can adeptly be compared to a battlefield; therefore a trading room can be likened to “a war room,” where you engage the markets. Victorious soldiers of the financial markets are those who make average gains that are bigger than average losses. These are successful traders Yes, the key is that, we make average profits whose total is more than the total of average losses. That is the ultimate secret – make more money than you lose. No matter the trading methodology/strategy/system you use, they will fall into any of the 5 categories listed below. Battle styles – trading styles SCALPING This is a trading style that makes you take advantage of small movements in price. Once your position turns into profit, you exit the market immediately. Traders who employ this style usually cut their trades once they gain anything from a few to several pips. They stay in the markets for only a few to several minutes in most cases; and they rarely stay in the market for more than a few hours at most. If a speculator makes 10 USD per clean pip, and they gather around 3 to 5 pips per trade, you can imagine how much they will make if they do 10 trades per day. INTRADAY TRADING Intraday means “within the day.” So intraday trading is a style of trading that makes you enter the market and get out within the same day. It is also called DAY TRADIING. Doing this, you open a position and close it within a few hours and 24 hours maximum. As long as you open trades and close them within a day, you’re an intraday trader or a day trader. Intraday trading enables you to possibly catch from tens of pips to hundreds of pips in a day, depending on the condition of the market. SWING TRADING This is a trading style where a financial instrument is traded within one day to several weeks. A swing trade can remain open for over one day to a few days; or from a few days to several weeks. When you open a trade in a day and you don’t close it within the same day, then you become a swing trader. Capitalizing on the market ‘swings,’ means you want to potentially reap from tens of pips to thousands of pips within days or weeks. POSITION TRADING Position trading is a regular trading method in which you open a trade and leave it for a minimum of one month. The trade(s) can remain open for a few to several months or a few years. This kind of stance enables patient market players to make as much gains as possible from a protracted bias, whether bullish or bearish. Transitory noises in the markets are thus disregarded. A position trader that went long on AUDUSD in late March 2020 and held it till the end of July 2020, would have made a clean profit of at least 1,450 pips (roughly 14,500 USD if using standard lots). INVESTING It is simply a style where you allocate money to some financial instruments with the hope of returns in future. An investment may last from a few years to decades, even centuries. If you invested in Nasdaq 100 (NDX) in 2003 and held it till now (year 2020), you would have gained approximately 1,000,000 points (yes, one million points), and this seems like the beginning. You know what a gain of a mere 100 points looks like in terms of US dollar, if you use 1.0 lots. The best way to make colossal gains from shares, indices, precious metals, cryptos etc, is to hold them forever, irrespective of noises, bearish corrections and pullbacks along the way. After all, no investment is worthwhile unless it appears in your will (to be acquired eventually by your dependents and/or beneficiaries). Source: https://learn2.trade
  5. Day Trading or Swing Trading, Which is Preferable? Day trading or swing trading? I find that to be a very loaded question. New traders are always curious to know which trading style is preferable. Although both trading styles have their distinct advantages and disadvantages, the important thing to find out is which of the two best suits your personality. In this article, we are going to have a quick look at the trading methods and what they entail. Day Trading: Day trading involves opening and closing multiple trades within a single trading day. In this trading method, traders have to stay glued to their screens for hours on end, monitoring trend developments, and executing multiple trades. Most day traders do nothing else with their time but trade the markets. One downside of this is that it always causes “burnout” in many traders after a few weeks or months. Keeping up with the demands of day trading can be very taxing and this leads to the burnouts seen in many day traders. Day trading also requires traders to have sharp reflexes in dealing with the financial markets. Since day trading involves opening and closing multiple trades in a relatively short period, traders need to be quick at making the most of the little period and grab as many profits as possible. This can only be achieved if the traders have quick market reflexes. An extreme kind of day trading is ‘Scalping’ which involves executing and closing several dozens to hundreds of mini trades within a single day. The precision and speed of these traders in action can be thrilling to watch. That said, older populations (40>) may not be able to keep up with this trading style as many people in that age group have a short attention span and lack quick/witty reflexes. Also, this age group might find it very difficult to sit for long hours glued to their screens. On a brighter note, one of the major benefits of day trading is that you don’t get to be worried about “overnight” occurrences that could stop you from your trade positions since no trade is allowed to stay open beyond a day. This means that risk exposure is greatly diminished. Swing Trading: Swing trading generally involves opening and holding trade positions anywhere from 2 days to a few weeks. Swing traders, unlike day traders, leave trades overnight meaning that there is greater risk exposure. However, this risk exposure opens up the possibility for significantly larger profit opportunities compared to day trading. Seems like a fair trade-off doesn’t it? Also, swing trading allows traders significantly less “screen time” as they can place trades and practically not monitor the progress for days. Many swing traders monitor the markets for as little as 30 minutes a day to determine what their next possible move could be. Furthermore, swing trading lets traders ride profit trends for a longer period. Finally, the preferable trading style depends greatly on your personality. So, spend some time exploring both methods and discover which suits you best. Source: https://learn2.trade
  6. SILVER PRICE: XAGUSD REBOUNDS FURTHER AROUND PRIOR DAY’S EXIT AT $19.32 LEVEL XAGUSD Price Analysis – July 20 The white metal rebounded from prior day losses as market activity turned upside. XAGUSD price continued to ascend gradually to the exit of the day before, settling at around $19.32 level, it nevertheless, reflects a lower high. Key Levels Resistance Levels: $21.00, $20.50, $19.65 Support Levels: $18.94, $18.37, $18.00 XAGUSD Long term Trend: Bullish XAGUSD trades at a level of $19.33; the instrument rises beyond its horizontal resistance turned support at a level of $19.17, which suggests an upward trend. The markets may suggest that the price could test the upside boundary at a level of $19.65 and then start pushing upwards to a level of $20.50 later in the week. A recovery from support level might be another indicator for more uptrend. Nevertheless, if the price crosses the downside barrier and fixes beneath $18.94 level the bullish scenario may no longer be the case. The pair may start to decline towards $18.00 level in this situation. XAGUSD Short term Trend: Bullish On the shorter time frame bulls persisted and moved the precious metal higher spontaneously after a simple breach of $19.17 barrier, attempting a short-term resistance in the process. Price may re-test the $19.17 level broken short-term barrier as potential support. Short to mid-term bias is bullish and it is probable that if this broken short-term resistance holds as support another push back up to $19.47 level is imminent. On the other hand, a break and close back beneath the $19.17 level may put $18.94 level back into view. Source: https://learn2.trade
  7. WHAT ARE PENDING ORDERS AND THEIR TYPES? We just feel like explaining some basics terms of our trading signals to you, for the sake of those who may not understand. Instant Executions: These are market orders to be executed immediately at the current market price. They are simply “buy” or “sell” orders. Pending orders: A pending order is an order that is not yet a live trade. It is an order that you place because you do not want to buy or sell before the price of a financial instrument reaches a certain point. The order will be pending until the market reaches your preferred entry level. A pending order will be in place for as long as the price does not reach your entry level. You can set your pending order to expire on a certain date and time (i.e. if it does not reach your entry price before then), or you can close it manually. While a pending order remains in place, you can also adjust its stop and/or take profit level(s). Once price reaches your preferred entry level, the order will be triggered even if you’re completely offline, as your order is already in your broker’s server. There are several types of pending orders but we use 4 most popular for our signals here. They are: Buy Stop Sell Stop Buy Limit And Sell Limit Buy Stop: It is an order that enables you to buy at a higher price. For example, assuming Silver (XAGUSD) is currently at 18.685, you can set a Buy Stop order that will trigger a trade once the price reaches 19.000. Sell Stop: It is an order that enables you to sell at a lower price. Let’s use the same example of Silver, if at 18.685. You can set a Sell Stop order that will trigger a trade once the price reaches 18.215. Buy Limit: This is an order which makes you to buy at a lower price. If S&P 500 is trading at 3185.75, you may want to enable a Buy Limit order that will trigger a trade for you once that trading instrument plummets towards 3175.05. Sell Limit: This is an order that allows you to sell at a higher price. Let us say S&P 500 is trading at 3185.75, you can elect to enable a Sell Limit order that will trigger a trade for you once that S&P 500 rallies towards 3200.75. We hope this short article has thrown some light on your queries. You can message us if there are more questions. May your trades be green. Source: https://learn2.trade
  8. USD/CAD FLUCTUATES BETWEEN LEVELS 1.3500 AND 1.3700, UPTREND UNCERTAIN Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Ranging The Loonie is in a sideways move in June. The market is fluctuating between levels 1.3500 and 1.3700. The price has risen above the 21-day SMA to move upward. The pair is likely to rise if the 21-day SMA support holds. The USD/CAD will rise and reach level 1.3700 if the uptrend resumes. USD/CAD – Daily Chart Daily Chart Indicators Reading: The 50-day SMA and the 21-day SMA are sloping downward indicating the sideways trend. The Loonie has fallen to level 49 of the Relative Strength Index. This indicates that the pair is in the downtrend zone and below the center line 50. USD/CAD Medium-term Trend: Ranging On the 4-hour chart, the pair is fluctuating between levels 1.3500 and 1.3700. The current upward move is facing resistance at level 1.3650 as market moves downward. The pair will find support above level 1.3550 if the selling pressure persists. USD/CAD – 4 Hour Chart 4-hour Chart Indicators Reading Presently, the SMAs are sloping horizontally indicating the sideways trend. The Loonie is below 80% range of the daily stochastic. It implies that the market is in a bearish momentum,. General Outlook for USD/CAD The USD/CAD pair is in the middle of levels 1.3500 and 1.3700. Presently, the market is in a bearish momentum. However, the price action indicates a bearish signal. Source: https://learn2.trade
  9. EUR/GBP IS IN A DOWNWARD MOVE, TARGETS LEVEL 0.8900 Key Resistance Levels: 0.9200, 0.9400, 0.9600 Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: Bearish The EUR/GBP pair is presently falling after retesting level 0.9000. The downtrend has been ongoing since June 29. The price has broken below the bullish trend line. This is an indication that the selling pressure may continue on the downside. EUR/GBP – Daily Chart Daily Chart Indicators Reading: The pair is at level 48 of the Relative Strength index period 14. This implies that the market is in the downtrend zone and below the centerline 50. The 50-day SMA and 21-day SMA are sloping upward. It indicates the present upward move. EUR/GBP Medium-term Trend: Bullish On the 4-hour chart, the EUR/GBP pair has been on a downward move. The pair was resisted at level 0.9050 as the market dropped to level 0.8950. The price corrected upward to retest level 0.9000 twice before resuming the downward move. The downtrend is likely to continue. EUR/GBP – 4 Hour Chart 4-hour Chart Indicators Reading The 50-day and 21-day SMAs are sloping downward indicating the downtrend. The pair is below 20% range of the daily stochastic. It indicates that the market is approaching the oversold region. In the oversold region, buyers are likely to emerge to push prices upward. General Outlook for EUR/GBP The EUR/GBP pair has fallen and reached level 0.8960. The selling pressure is ongoing as price approaches the oversold region. The market may fall and reach a low of 0.8900. Source: https://learn2.trade
  10. AUDUSD CONTINUES TRADING BENEATH 0.7000 LEVEL AUDUSD Price Analysis – July 9 The AUDUSD pair retreated to level 0.6950 after failing to rise above 0.7000 level earlier in the week. Despite the growing number of confirmed infections with coronavirus in the US, increased optimism about a vaccine allows market sentiment to remain upbeat. Key Levels Resistance Levels: 0.7205, 0.7064, 0.7031 Support Levels: 0.6938, 0.6777, 0.5906 AUDUSD Long term Trend: Bullish In the wider context, the medium- to long-term bottom recovery from 0.5506 may be a reversal of the long-term downward trend from 1.1079 (high) level. A further rally on the horizontal resistance now at 0.7310 level may be seen to be high. This will stay the default case as long as it is now at 0.6777 level above the ascending trend line. Continuous trading underneath the ascending trendline would then shift the emphasis back to a low level of 0.5506. AUDUSD Short term Trend: Ranging For the moment, the intraday bias in AUDUSD stays neutral. Price activity from level 0.7064 is interpreted as a pattern of correction. Until the pattern ends, one more fall is predicted. On the downside, for a support level of 0.6777, below 0.6938 minor support level would transform bias to the downside. A break there targets a retraction of 38.2 percent from 0.5506 to 0.7064 at 0.6462 rates. Nonetheless, a sustained break of 0.7064 level would restore the entire surge from 0.5506 level instead. Source: https://learn2.trade
  11. EUR/CHF RESUMES UPTREND, TARGETS LEVEL 1.07000 Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. A correction candle body tested the 0.382 Fibonacci retracement level. It indicates that the market will reach a low of 2.618 extension level. EUR/CHF’s first target will be at level 1.618 Fibonacci extension level. The second target will be at level 2.618 extension level. EUR/CHF – Daily Chart Daily Chart Indicators Reading: EUR/CHF has fallen to level 51 of the Relative Strength Index period 14. The pair is now in the uptrend zone and above the centerline 50. The 50-day SMA and 21-day SMA are sloping downward which indicates the previous trend. EUR/CHF Medium-term Trend: Bullish On the 4-hour chart, the EUR/CHF pair is in an upward move. The pair fell to level 1.06306 and resumed an upward move. The price is approaching level 1.07000 which is a resistance level. The pair will continue its upward move if that resistance is breached. Otherwise, the pair will be repelled. EUR/CHF – 4 Hour Chart 4-hour Chart Indicators Reading The 50-day and 21-day SMA are sloping upward. It indicates the uptrend. The pair is above 60% range of the daily stochastic. EUR/CHF is in a bullish momentum. The market is approaching the overbought region. General Outlook for EUR/CHF EUR/CHF pair has resumed an upward move after falling to the low of level 1.06306. According to the Fibonacci tool, the uptrend will reach the high of level 2.618 extension level. In other words, the pair will rise and reach the high of 1.14486 Source: https://learn2.trade
  12. GOLD TO HIT $1,800 MARK AS INFLATION-HEDGE ASSETS GAINS APPEAL: TD STRATEGISTS DECLARE Gold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on the brink of a breakout as recent price action continues to strengthen investors’ view of gold’s role switching from just a safe-haven asset to an inflation-hedge product. They added that the whole “maturity spectrum” of inflation breakevens are still considered to be below policy objectives. This means that declining rates should extend further support for gold to take the $1,800s in the near-term. They ended by citing that recent changes in the Federal Reserve’s template strongly suggest that inflation-hedge assets like gold could continue to grow in popularity. XAUUSD – Daily Chart Gold (XAU) Value Forecast — June 29 XAU/USD Major Bias: Bullish Supply Levels: $1,779, $1,790, and $1,800 Demand Levels: $1,765, $1,758, and $1,745 Gold remained in a consolidation range throughout today’s trading session considering there were no significant fundamental catalysts today. We can observe a descending trendline on our MACD indicator. A break above this line will be a healthy signal that gold has regained its bullish steam and we could see it go for the $1,800 yet again. Source: https://learn2.trade
  13. USD/JPY RETESTS LEVEL 107.000, RESUMES DOWNTREND Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging USD/JPY pair is currently on a downward move. The green correction candle body tested the 0.786 retracement level. It indicates that the Yen will fall to a low of 1.272 extension level. After reaching the target price, the market will reverse. However, the reversal will not be immediate. USD/PY – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and 50-day SMA are sloping downward. The market is now in a downtrend. The Yen has fallen below a 20% range of daily stochastic. It indicates that the market is approaching the oversold region. Buyers are likely to emerge when the pair reached the oversold. USD/JPY Medium-term Trend: Bearish The USD/JPY pair is currently on a descending channel. The price is testing the 12-day EMA on the upside. The Japenese Yen will fall if resisted by the 12-day EMA. The market will fall and reach a low of level 106.000. 4-hour Chart Indicators Reading The SMAs are also sloping downward. The pair has fallen to level 44 of the Relative Strength Index. It indicates that Yen is in the downtrend zone and likely to fall. USD/USD – 4 Hour Chart General Outlook for USD/JPY The pair is presently retesting the 12-day EMA. Perhaps, after the retest, it will make a downward move. As long as the price bars are below the EMAs, the market will continue to have a downward movement. Source: https://learn2.trade
  14. GBPJPY RECORDS INTENSE SELLING FOR THE FOURTH STRAIGHT SESSION, STAYS BENEATH 132.00 LEVEL GBPJPY Price Analysis – June 21 In the last session, the GBPJPY cross lost some extra ground and slipped to new monthly lows while staying beneath the 132.00 level. The collapse was supported by the strongly offered tone encircling the British pound which accompanied the last session’s policy decision by the Bank of England (BoE). Key Level Resistance Levels: 147.95, 139.74, 136.23 Support Levels: 129.29, 123.99, 122.75 GBPJPY Long term Trend: Ranging In the wider context, we’re witnessing price actions from 122.75 (low) level, which is observed as a sideways consolidation trend. So long the resistance level of 147.95 holds, there is a potential downside breakout in support. A strong breach of 147.95 level may however increase the risk of a long-term bullish reversal. Then the emphasis is shifted to the level of resistance of 156.59 for validation. GBPJPY Short term Trend: Bearish GBPJPY’s decline from the short term high level of 139.74 stretched to as low as last week’s level of 131.90. A recent trend implies a corrective recovery from level 123.99 has been accomplished with 3 phases to level 139.74. This week’s initial bias stays on the downside with support level 129.29. A strong breach there will affirm this bearish scenario and open the way for low-level retests of 123.99. On the positive side, to signify the finalization of the collapse, a breakage of 136.23 minor resistance level is required. Alternatively, in the circumstance of recovery, further collapse is anticipated. Source: https://learn2.trade
  15. AUD/JPY IS IN A DOWNTREND, TARGETS LEVEL 72.000 Key Resistance Zones: 74.000, 76.000, 78.000 Key Support Zones: 66.000, 64.000, 62.000 AUD/JPY Long-term Trend: Bearish The pair is in a downward move. The market was earlier in a bearish trend. A correction candle tested the 0.786 Fibonacci retracement level. It indicates that the market will rise and reach a high of 1.272 Fibonacci level. The pair is currently on a downward move as it reaches the overbought region. AUD/JPY – Daily Chart Daily Chart Indicators Reading: Presently, the pair has fallen to level 55 of the Relative Strength Index period 14. It implies that AUD/JPY is on a downward move after an overbought region of the market. Sellers have emerged to push prices down. The 21-day SMA and the 50-day SMA are sloping upward.It implies that the market is rising. AUD/JPY Medium-term Trend: Bearish On the 4- hour chart, the currency pair is in a downward move. The market makes an upward move to retest level 75.000 and later resume the downward move. If price breaks the bullish trend line and closes below it, it will revisit level 72.000. AUD/JPY – 4 Hour Chart 4-hour Chart Indicators Reading The market is presently above 20 % range of the daily stochastic. This implies that the pair is in a bullish momentum. This is contrary to the price action which indicates a bullish signal. The 21-day and 50-day SMA are sloping downward indicating the downtrend. . General Outlook for Italy AUD/JPY The currency pair is on a downward move after retesting level 75.000. The Fibonacci tool has indicated that the market will reach a low of level 1.272. In other words, the market will reach level 72.000. Source: https://learn2.trade
  16. FAVORABLE CONDITIONS SURROUNDING GOLD COULD SEND IT TO $1,765 IN THE NEAR-TERM Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the market’s risk-sentiment. The latest updates from the US indicate that there was a jump in cases from Texas while the hospitalization rate increased drastically in Oklahoma and Florida on Wednesday. However, President Donald Trump has hinted at a possible cure for the disease, which appears to have calmed the risk-off bias. Furthermore, the India-China tussle and the Asian Development Bank’s ‘downward revision’ to the growth forecasts for 2020 are also adding pressure on the market’s trading sentiment. Many expected that the surprise rate cut by the People’s Bank of China would tame the pessimism, however, this went by mostly unnoticed. The US 10-year Treasury yields remain in a downtrend causing the US dollar index (DXY) to remain under selling pressure thereby increasing the demand for the dollar-denominated commodity. Although the market remains in a mixed market-sentiment state, gold could likely gain more bullish momentum in the near-term. XAUUSD – Daily Chart Gold (XAU) Value Forecast — June 18 XAU/USD Major Bias: Sideways Supply Levels: $1,735, $1,745, and $1,753 Demand Levels: $1,717, $1,710, and $1,705 Gold has recovered fairly well since its recent bounce off our ascending channel baseline. Gold remains dedicated to retaking the $1,745 resistance and will likely do so soon. A surge to the $1,765 level (2020-high) is looking increasingly possible in the near-term. Meanwhile, a drop below $1,711 seems very unlikely considering the activities playing out on the global space. Source: https://learn2.trade
  17. USD/CAD REACHES OVERSOLD REGION AT LEVEL 1.33850, BUYERS LIKELY TO EMERGE Key Resistance Levels: 1.42000, 1.44000, 1.46000 Key Support Levels: 1.34000, 1.32000, 1.30000 USD/CAD Price Long-term Trend: Bearish The USD/CAD pair is on a downtrend. A correction candle is testing the 0.382 Fibonacci retracement level. This indicates that the Loonie will fall and reach a target price of 2.619 Fibonacci retracement level. The target price has been achieved and the market is currently consolidating. The RSI is indicating that the Loonie is in the oversold region. USD/CAD – Daily Chart Daily Chart Indicators Reading: The 50-day SMA and the 21-day SMA are sloping downwards indicating the bearish trend. The Loonie has fallen to level 28 of the Relative Strength Index. This indicates that the pair is in the oversold region and also below the centerline 50. USD/CAD Medium-term Trend: Bearish The Loonie is in a downtrend. The market has reached the first target and the second target of the Fibonacci tool. The price fell to level 1.33595 low and moved up. The pair corrected upward but was resisted at level 1.35000. After the retest, the downtrend is continuing. It is likely we are going to short again. USD/CAD – 4 Hour Chart 4-hour Chart Indicators Reading Presently, the 21-day SMA and 50-day SMA are slowing downward indicating the downtrend. The Canadian dollar is below 40% range of the daily stochastic. This indicates that the pair is in a bearish trend. General Outlook for USD/CAD The USD/CAD pair is in approaching the oversold region. The market is sowing a bearish exhaustion as price consolidates. Source: https://learn2.trade
  18. SILVER PRICE: XAGUSD UPSIDE BIAS STAYS BULLISH PAST $17.63 LEVEL XAGUSD Price Analysis – June 10 SILVER finished at $17.53 on Tuesday and lost $22.0 (-1.22 percent). That being said, in today’s session, Silver (XAG) is growing as anticipated while buyers are about to challenge upside barriers at the $17.90/$18.00 level. As the market is steaming up and trading high back to the days before. Key Levels Resistance Levels: $19.65, $18.94, $18.20 Support Levels: $17.25, $16.72, $15.84 XAGUSD Long term Trend: Bullish The pair closed lower but above the opening of the preceding day creating a bearish Harami Candle after moving lower in the corresponding session. Prices have risen back up but still below the $18.20 level main technical barrier, which is likely to serve as a forward-looking resistance. The market may again run into bears at the level of around $18.20 for the third time in a row after finding sellers in the same area in previous sessions and at $18.37 a few days ago. The last time this happened on June 2, on the very next trading day, SILVER ended up losing about 3 percent. XAGUSD Short term Trend: Bullish Silver price bounced from $17.63 level on the 4-hour time frame, up 1.30 percent on a day, as seen Wednesday during the European session. Even so, a bullish technical structure of a rising trend is yet to be confirmed by the white metal, on the four-hour chart to validate further buying. On the other hand, the pair is supposed to find support at $17.63, and a decline through might take it to the next level of support at $17.25. Source: https://learn2.trade
  19. EUR/CHF APPROACHING THE OVERBOUGHT REGION, SELLERS MAY EMERGE Key Resistance Levels: 1.09000, 1.10000, 1.11000 Key Support Levels: 1.05400, 1.05200, 1.05000 EUR/CHF Price Long-term Trend: Bullish EUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach level 1.618 Fibonacci extension level. This is at the price level of 1.07500. However, the Relative Strength indicates that the market has reached the overbought region. This pair may likely fall. EUR/CHF – Daily Chart Daily Chart Indicators Reading: EUR/CHF is at level 78 of the Relative Strength index period 14. EUR/CHF has reached the overbought region. Sellers may likely emerge to push prices down. The 50-day SMA and 21-day SMA are sloping upward indicating the bull market. EUR/CHF Medium-term Trend: Bullish On the 4-hour chart, the EUR/CHF pair was earlier in an uptrend. The pair has reached level 1.08055 and approaching the overbought region. The pair may be resisted at a high of level 1.08500. EUR/CHF – 4 Hour Chart 4-hour Chart Indicators Reading The 50-day and 21-day SMA are sloping upward indicating the uptrend. The pair is above 80% range of the daily stochastic. EUR/CHF pair is now in the overbought region. The 21-day SMA crosses over the 50-day SMA indicating the uptrend. General Outlook for EUR/CHF EUR/CHF is an upward move but approaching the overbought region. It is likely to reverse and resume a downward move. Source: https://learn2.trade
  20. EURUSD CONFRONTS A LARGER BARRIER AT 1.1257 LEVEL WHILE EXITING OVERBOUGHT POSITIONS EURUSD Price Analysis – June 4 EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX pair higher. Key Levels Resistance Levels: 1.1495, 1.1366, 1.1257 Support Levels: 1.1020, 1.0870, 1.0635 EURUSD Long term Trend: Ranging After seven daily progressions in a row, ranging at 3-month highs in the previous session’s level of 1.1257, EURUSD is now under some downward pressure and falling to the sub-1.1200 area. Sellers in the pair moved in following conditions of overbought (according to daily RSI). The pair is presently declining 0.27 percent at level 1.1203 and confronts initial support at level 1.1020 followed by level 1.0950 and eventually level 1.0870 (low). On the contrary, a 1.1257 (high) level breakthrough may aim 1.1366 (high) inching closer to 1.1458 (high) level. EURUSD Short term Trend: Bullish On the 4-hour chart, the Relative Strength Index has fallen underneath 70, exiting overbought conditions. Momentum stays upside-down and the pair shifts between the 5 and 13 moving average. Resistance lies at level 1.1236, a necessary step on the way to the top in the last few days, leading to a new high of 1.1257 level. The next significant level to note is level 1.1366 as seen on the daily chart. Short term support beckons at a level of 1.1183, a support line in recent days, trailed by a level of 1.1146, a high swing from April, and also a range sealer. Source: https://learn2.trade
  21. GOLD SUFFERS MILD DECLINE FOLLOWING GROWING US-CHINA TENSIONS Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are generally expected to move in the opposite direction of gold, were trapped in a bout of uncertainty with Chinese stocks suffering serious losses at the open of the session. According to reports, investors’ risk sentiment declined following China’s decision to formally table national security laws for Hong Kong and Macau as the National People’s Congress opened on Friday. This announcement caused citizens of Hong Kong to take to the streets in protest on Sunday. The protesters were met with heavy resistance from the police who fired water cannons to disperse them. The tension between the world powers escalated after Chinese Foreign Minister, Wang Yi, said on Sunday night that the US was nearing a ”new Cold War” with China following President Trump’s threat of ‘strong action’ should the proposed law be enacted. This threat was followed by the US Commerce Department blacklisting 33 Chinese entities on Friday. XAUUSD – Daily Chart Gold (XAU) Value Forecast — May 25 XAU/USD Major Bias: Bullish Supply Levels: $1,745, $1,763, and $1,797 Demand Levels: $1,722, $1,717, and $1,700 The XAU/USD was met with a soft decline to the $1,720’s level as projected last week. Gold has resumed on its upwards move to the anticipated $1,740 level. However, gold has to stay above $1,722 to confirm its bullish momentum. A break below that level could send the price down to $1,700 – $1,695 levels rapidly. Overall such reality seems very unlikely for gold in the time being. Source: https://learn2.trade
  22. USD/JPY CONSOLIDATES BELOW LEVEL 108, BREAKOUT LIKELY Key Resistance Levels: 111.000, 112.000, 113.000 Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: Ranging The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of the resistance at level 108. The Yen may reach a low of level 106 if the selling pressure continues. USD/JPY – Daily Chart Daily Chart Indicators Reading: The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways move. The Yen is currently at level 51 of the daily Relative Strength Index. The Japanese Yen is still in the uptrend zone and above the centerline 50. The market is currently falling after resistance. USD/JPY Medium-term Trend: Bullish The USD/JPY pair is trading in a bear market. Recently, the Yen moved up but was resisted twice at level 108. On May 14, A bullish candle body tested the 0.382 Fibonacci Retracement level. As the bullish candlestick tested the 0.382 retracements, the Yen will fall and reverse at 1.618 extension level. This is equivalent to level 106. USD/JPY – 4 Hour Chart 4-hour Chart Indicators Reading The pair is below 80% range of the daily stochastic. This implies that the market is in a bearish market. This is a confirmation to the price action which is indicating bearish signals. The SMAs are also sloping upward indicating the upward move. General Outlook for USD/JPY The Japanese Yen is currently in a downward move after falling from level 108. The market will fall to level 106.800 but if the selling pressure persists, the pair will reach the low of 106. Alternatively, the price will consolidates below level 108 for a breakout. Source: https://learn2.trade
  23. BITCOIN WITNESSES MILD SELLOFF FOLLOWING A DECADE-OLD ADDRESS’ TRANSACTION The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was from an early Bitcoin miner or adopter. What’s interesting to note is that the last time a transaction was made from this era of holders, Bitcoin recorded a 28% jump days later. Satoshi is believed to own about 1 million BTC. The prospect of him/them selling this holding (in whole or part) could trigger the worst selloff in Bitcoin history and cause serious damage to the crypto industry as a whole. Yesterday’s event triggered a sharp decline in Bitcoin which caused the crypto to shed about $500 in just an hour. This ‘mini’ selloff is believed to be an overreaction to the news, which means that Bitcoin could be in the process of seeing a steep recovery in the coming hours. Also, considering past occurrences with Satoshi-era transactions, Bitcoin is very likely to witness a massive bull run soon. BTCUSD -Daily Chart Bitcoin (BTC) Value Forecast — May 21 BTC/USD Major Bias: Bullish Supply Levels: $9,500, $9,800, and $10,000 Demand Levels: $9,200, $9,000, and $8,800 The sharp decline seen yesterday—induced by the event documented in this article—has put Bitcoin in a precarious zone (below the $9,500 pivot level). BTC is trading at the $9,300 – 400 level at press time and needs to recover above the $9,550 level soon to regain its bullish momentum. Failure to recover above this line, and soon, could send BTC down to subsequent support levels. Source: https://learn2.trade
  24. BITCOIN CASH (BCH) IS CONSOLIDATING, BUT FACES REJECTION AT $250 RESISTANCE Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Today, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has been resisted below $250 high. BCH will fall to $200 low if the bulls fail to break the resistance at $250. BCH/USD- Daily Chart Daily Chart Indicators Reading: The 21-day SMA and 50-day SMA are sloping horizontally indicating the price consolidation. BCH is at level 47 of the daily Relative Strength Index. BCH is in a downtrend zone and may likely fall. BCH/USD Medium-term Trend: Ranging On the 4-Hour chart, BCH is in a sideways move. The crypto has been in a range bound movement between $230 and $250 since May 10. The bulls find penetration difficult at the $250 resistance level. There is likelihood of continuous price fluctuation until the levels are broken. BCH/USD – 4 Hour Chart 4-hour Chart Indicators Reading Bitcoin Cash is above 20% range of the daily stochastic. The stochastic bands are pointing downward and approaching the oversold region. BCH will resume upward move, if the lower price range holds. The coin will further depreciate if the lower price range is broken. General Outlook for Bitcoin Cash (BCH) The crypto is in a period of consolidation. The uptrend will resume if price breaks above the $250 resistance. The market will remain in consolidation if the levels remained on unbroken. Source: https://learn2.trade
  25. ETHEREUM (ETH) LOSES $200 CRITICAL SUPPORT, MAY ENCOUNTER ANOTHER SELLING PRESSURE Key Resistance Levels: $225, $250, $275 Key Support Levels: $150, $125, $100 ETH/USD Long-term Trend: Bearish Ethereum has been trading above $200 after a rebound on May 7. However, the king altcoin suffered another setback after a breakdown yesterday. The coin dropped to $180 low but price corrected upward above $185. On the downside, ETH is likely to fall as there is a bearish signal. The market is heading to $180 low and if $180 low cracks, the coin will reach the low of $170. Alternatively, if bulls buy from the dips, a rebound above $180 will propel price to rally above $200. ETH/USD – Daily Chart Chart Indicators Reading: The price has broken the support line and closed below it. This implies that Ether will continue the downward move. ETH is at level 46 of the Relative Strength Index period 14. This indicates that the coin is in the downtrend and it is likely to fall. ETH/USD Medium-term Trend: Bearish On the 4 hour chart, price breaks the support levels of $200 and $190 to reach a low of $180. The price is presently consolidating above $180 support level. Presently, the price has resumed a downward move. ETH/USD – 4 Hour Chart 4-hour Chart Indicators Reading The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend. ETH is below 40% range of the daily stochastic but the bands are sloping upward. This is contrary to the present price action that is indicating a bullish signal. General Outlook for ETH Ethereum is in a downtrend as it trades in the bearish trend zone. Price is approaching $180 support, and ETH will be weakened if the support cracks. The coin will decline to $170 and $150 if the downtrend continues. Source: https://learn2.trade
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