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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

USDCHF TRADES INSIDE TRIANGLE RANGE GAINING TRACTION FOR A BREAKOUT TOWARDS 0.9800 LEVEL USDCHF Price Analysis – May 15 Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9766 Support Levels: 0.9669, 0.9440, 0.9181 USDCHF Long term Trend: Ranging The pair have repeatedly faced opposition from a technical viewpoint, near the triangle’s very critical upside trendline. The price swings also, additionally, seen able to offer solid dip-buying that supports the potential for further gains. Waiting for a steady push beyond the 0.9800 marks would be prudent as well to validate the bullish bias. The Swissy was last seen trading near the region of 0.9738 as market participants now look to the required momentum for a drive to level 0.9800. If sellers regain control and move underneath the moving average of 5 and 13, immediate support may emerge from the ascending trendline around 0.9700 level and the low-level horizontal support of 0.9669. USDCHF Short term Trend: Ranging USDCHF trade sideways whilst testing the 0.9766 resistance level on the pathway. The view is consolidated with the market being somewhat bumpy at present indicating little or no directional bias. That being said, a daily closing beyond the resistance level of 0.9766 could encourage more buying and a 0.9800 level retest while a daily closing underneath the level of 0.9700 may be seen as bearish. On the contrary, a test at 0.9902 high level would seek a breach of 0.9800 level. Source: https://learn2.trade

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Trading companies regulated under European laws makes it difficult for small-scale traders to gain entry into the financial markets as they have a capped leveraging of 1:30. 4xCube, on the other hand, allows for leveraging as high as 1:400, making it more beneficial for small-scale traders. 4xCube also has adequate security features regardless of its offshore status. This trading company has separate accounts for storing customers’ funds to ensure that these funds are not tampered with in any way. 4xCube uses the Secure Socket Layer (SSL) cryptographic encryption on its website to provide a secure digital environment for traders and to safeguard against hackers. In 2019, 4xCube emerged as an affiliate of the FSC which bolstered the array of services and benefits it could provide for its customers. 4xCube is accessible across every continent on the planet. However, it is restricted in countries like North Korea, the United States, and Iraq. Education As mentioned earlier, trading the financial markets is no easy feat. Choosing a brokerage that supports you in your trading journey is quite important (especially for beginner traders). 4xCube helps you stay on top of the market by providing you with daily charts, overviews, interactive webinars, and other necessary analysis. This brokerage keeps you updated with global economic and financial news that could help you make better trading decisions and grow in experience as a trader. Auto Trading 4xCube also comes with an auto trading feature that helps you automate your trading. Auto trading helps busy, beginner, or any interested trader execute trades automatically once preset market conditions are met. It also allows traders to copy or find guidance on trades from more experienced traders. The auto-trading feature helps traders carry out trades free of emotions, allowing them to take advantage of more trading opportunities. Deposit and Withdrawal Options With 4xCube, deposits and withdrawals are done with the utmost ease. Users of this platform can make cash deposits in various currencies including US dollar, Euro, Nigerian Naira, the British Pound, South African Rand, and many more. You can also make deposits using cryptocurrencies like Bitcoin. Available channels for making deposits and withdrawals include bank transfer, debit/credit card, Skrill, Neteller, Perfect Money, and many more. The 4xCube Installment Program As a show of their innovative solutions and a dedication to customer support, 4xCube has come up with a unique program to help beginner traders launch their trading careers. This program gives new traders the option of trading with as much as $1,000 (in credit), and pay back the loan in as much as 10 installments. This program is extremely beneficial and can help many beginner traders kickstart their trading journeys on a supportive platform, instead of wandering in oblivion. The scheme is incredibly flexible and can be started simply by following these easy steps: 1- Register on the platform and submit all the necessary identification requirements. 2- Choose the amount of credit you desire. 3- Select your desired number of installments. 4- Download the installment program terms and conditions. 5- Sign and upload the highlighted page(s) on the prompted screen. 6- Begin trading. Final Note 4xCube provides a wide array of trading services and products waiting for you to take advantage of. However, trading is not an easy task. Do well spend quality time in acquiring the necessary trading skills before embarking on your trading journey to give you a better chance of succeeding in this industry. Source: https://4xcube.com/installments

The world has been thrown into a state of pandemonium following the Covid-19 outbreak. Global stock exchanges are consistently recording dips after dips with little hope of seeing any stability soon. Analysts predict that the effects of this pandemic on the global economy will be like nothing seen before. The pandemic has caused unimaginable losses for investors and businesses alike. In March 2020, the Dow Jones Industrial Average (^DJI) recorded its worst decline in history. Not even during the Great Depression were things this bad for the Dow. It is safe to say that no one, not even well-seasoned analysts and investors, anticipated the level of crisis we're witnessing today. The Covid-19 outbreak, if not anything, has shown us just how volatile the financial markets can be and how quickly our investments can go ‘sour.’ Many investors are scrambling to find alternative investment vehicles that can diminish risk while remaining profitable in these uncertain times. With the crisis going on in the financial markets, it may seem impossible to look/wish for such investment solutions. However, there is one company that delivers just this; 8topuz. 8topuz is an award-winning FinTech company, that provides an Artificial Intelligence-based risk-regulated trading software (bot). This software takes advantage of the FX market and works with just a select few currency pairs. 8topuz—pronounced as “octopuz“— provides investors with access to a kind of system that could only be possible if an army of high-quality risk managers assembled for the said purpose. Here's How It Works The technology behind 8topuz allows investors to benefit from an AI-automated risk-managed system, built to consistently produce an audited ROI of 3-4% monthly as efficiently as possible. This means that traders without experience could benefit from this AI system which is based on machine-learned risk management algorithms. The risk management attribute is very adaptable to fluctuations and has the added option of human intervention for luxury. This means that the automated trading system can be overridden in anomalous situations. What are the Returns Like? The unique approach practiced by 8topuz has put them ahead of the stock markets and other financial markets, in terms of returns, for the past few years. While stocks usually return—on average—8-12% yearly, 8topuz yields returns of 24-48% annually. To make it even better, their software has managed to stay consistent with monthly gains since the beginning of the year, irrespective of the volatility and crisis surrounding the financial sector today. Illustrated below is a table juxtaposing the performance of 8topuz with the S&P 500 and the DJIA from January to March 2020: January 2020 February 2020 March 2020 Total 8topuz 3.62% 1.35% 4.97% 9.94% S&P 500 -0.04% -7.92% -13% -20.96% DJIA -0.9% -10.07% -13.74% -24.80% 8topuz offers stability in a market currently gutted with ridiculous volatility. Apart from recording consistent high returns, this automated trading system provider stands as a more stable investment option. Since December 2016, for example, 8topuz has recorded only one losing month compared to the S&P 500 which has had a total of 11 losing months since the same period. 8topuz’s ability to assess and adapt to market conditions that may be unprecedented or unusual is one of its key functionalities in delivering consistent profits for its investors. 8topuz is, without a doubt, one of a kind in these markets. Source: https://8topuz.com/

BITCOIN (BTC) RALLIES TO $10,000, ATTEMPTS TO BREACH THE RESISTANCE AT $10,000 Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the $9,500 price level in February. The bulls are likely to push above the $10,000 resistance but are currently facing resistance. BTC/USD – Daily Chart Daily Chart Indicators Reading: Bitcoin is at level 78 of the daily Relative strength index. This indicates that the market is in the overbought region where sellers are likely to emerge. In some trending markets, the oversold or overbought conditions may not hold. The 21-day SMA and the 50-day SMA are sloping upward. BTC/USD Medium-term Trend: Bullish On the 4– hour chart, Bitcoin is in an uptrend. The price action indicates that on April 30, the bulls fail to break the $9,200 resistance. Yesterday, the $9,200 and $9,400 were broken as the market approaches $10,000 resistance. Presently, the bulls are being resisted at the $10,000 resistance. The crypto is retracing and may reach a low of $9,500. BTC/USD – 4 Hour Chart 4-hour Chart Indicators Reading BTC is currently above 80% range of the daily stochastic. The price is in the overbought region. The SMAs are sloping upward as Bitcoin continues its rise. Sellers are likely to emerge in the overbought region. General Outlook for Bitcoin (BTC) Bitcoin has reached the $10,000 price level. The coin is gaining more bullish momentum as it is expected to hit the $10,500. However, at the moment, the bulls are facing resistance as BTC retraces. The uptrend will resume immediately after the retracement. Source: https://learn2.trade

EURJPY EMERGES UPWARD AFTER A REBOUND FROM THE LOW LEVEL AT 114.39 EURJPY Price Analysis – May 8 Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far in a position which seems to be the likelihood of a broader selloff. Key Levels Resistance Levels: 122.87, 119.00, 117.50 Support Levels: 114.39, 113.70, 100.21 EURJPY Long term Trend: Bearish Towards the context of rising downward risk, the cross is undergoing another critical contest in the lows of November 2016 in the 113.70 area. Aiming at the wider context, it is anticipated the downside tension may forfeit such traction beyond the initial resistance, now around 117.08 level. The exchange rate is currently positioned close to a cluster of resistance established by the monthly support and the moving average of 5 at 115.54 level. The EURJPY pair may slip lower within this session if the resistance cluster stays. Though, when the exchange rate rises towards a higher moving average 5 another goal for the price would be in the region of 116.00 level. EURJPY Short term Trend: Bearish EURJPY has reached a brief low of 114.85 level, ahead of a 100% forecast of 122.87 to 116.22 from 119.00 at 114.39 levels. With consolidations, the intraday bias is rendered neutral. However, to deliver on another fall, recovery should be restricted underneath the 117.50 resistance level. On the drawback, the 114.39-level breach may continue a broader downward trend to the 100.21-level estimate of 161.8 percent. In either scenario, the trend may likewise stay bearish as long as 122.87 resistance level stays intact, in the event of a further rebound. Source: https://learn2.trade

BITCOIN (BTC) STABLE ABOVE $7,500, SELLERS MAY LIKELY EMERGE Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin is still consolidating above $7,500 since March 23. The price action is characterized by small body indecisive candlesticks. The candlestick indicates that buyers and sellers are undecided about the next move of the coin. On the upside, if the market decides to go up above $8,000; the momentum will extend to $9,000. The $8,000 resistance is regarded as the major resistance to be crossed. Bitcoin will have move avenues for price rallies. Conversely, if BTC faces rejection, its initial drop will be to a low of $7,200. Subsequently, the downward move will extend to either $6,800 or $6,600 low. BTC/USD – Daily Chart Daily Chart Indicators Reading: Bitcoin’s recent upward move rises to level 59 of the Relative strength index indicating that the coin is in an uptrend zone. The RSI is currently flat as the sideways trend continues. It is also above the centerline 50. The moving averages have indicated a bullish crossover. BTC/USD Medium-term Trend: Bullish On the 4– hour chart, the price spike reached the trend line and pulled back above $7,500. The market is fluctuating above 21-day SMA and 50-day SMA. At the end of consolidation, price may break below SMAs or the SMAs may hold. BTC may fall, if it breaks below the SMAs. However, the uptrend will resume, if the SMAs hold. BTC/USD – 4 Hour Chart 4-hour Chart Indicators Reading The market reached the overbought region after the price spike. BTC is below 80% range of the daily stochastic. This is in contradiction to the price action as the market is still consolidating. The SMAs are sloping upward. General Outlook for Bitcoin (BTC) Bitcoin is still above $7,500, sustained by small body candlesticks describing the indecision of buyers and sellers about the direction of Bitcoin. However, there is a bearish signal of its impending fall. Source: https://learn2.trade

CRUDE OIL: WTI STAYS SUBDUED AS BEARS SNAP TOWARDS $13 IN OVERSUPPLY USDWTI Price Analysis – April 27 Oil prices started on a sour note in the last week of April, dropping over 8 percent during Monday’s session on sustained over-supply fears. A barrel of the North American benchmark, West Texas Intermediate (WTI), is losing value close to $14.50 level, marking an 8.85 percent decline on the day. Key Levels Resistance Levels: $21.34, $20.08, $18.52 Support Levels: $13.43, $10.20, $6.45 USDWTI Long term Trend: Bearish The moving average of 5 and a multi-day sliding trendline, around $18.52 and $20.08 levels simultaneously, tend to barricade the potential upside to the oil benchmark. While level $10.20 stays on the watchlist of the bears throughout the ongoing price falls. After demonstrating three days in a row of reversals, June’s WTI futures decline 8 percent to a level of $14.50 before continuing into Monday’s European open. Producers will temporarily shut down the supply to balance the lack of demand which may cause more market instability as price swings to the downside before supply equals demand. USDWTI Short term Trend: Bearish WTI price action is currently trading at a $14.50 level beyond the near-term lower end of the range at $13.43 level. With the upward level of resistance shown at $18.52 in the near term, analysts expect prices to trade within that range. On the upside, a break beyond $18.52 level would see oil prices challenging the $20.08 psychological level of resistance. Prices are somewhat likely to stay subdued in the short term and risk selling pressure, particularly with the storage concerns now lingering. Source: https://learn2.trade

EURUSD REBOUNDS AND EXTENDS GAIN TO THE REGION OF 1.0900 LEVEL EURUSD Price Analysis – April 20 The common currency began the week on a steady tone, leading EURUSD to test Monday’s higher end of the range near 1.0900 marks. The FX pair looks to continue to Friday’s growth, though a crucial barrier test at 1.0900 level is still inaccessible. Furthermore, coronavirus trends seem to control, for the moment, the risk appetite dynamics. Key Levels Resistance Levels: 1.1496, 1.1146, 1.0990 Support Levels: 1.0768, 1.0635, 1.0569 EURUSD Long term Trend: Ranging The pair is presently gaining 0.13 percent at 1.0863 level and a breakout of 1.0990 (high Apr.15) level may approach level 1.1055 (Moving Average 5 Top) level en route to level 1.1146 (high Mar.27). On the contrary, instant position aligns at level 1.0812 (low Apr.17), followed by level 1.0768 (low Apr.6) and subsequently level 1.0635 (low Mar.23, 2020). In the larger context, the whole downtrend from 1.2555 (high) level may still be in effect as long as 1.1495 resistance level stays. The initial goal is level 1.0339 (low in 2017). Nevertheless, a continuous break of 1.1496 level may suggest that such a downward trend is over. EURUSD Short term Trend: Ranging Firstly, the intraday bias in EURUSD stays neutral, as consolidation from level 1.0635 may continue farther. At the downside, the break of level 1.0768 may increase the decline from level 1.1146 to low level 1.0635 retest. On the contrary, the corrective trend from level 1.0635 will also be continued with yet another recovery over 1.0990 level. .Although upside at 1.1236 level will be constrained by a retracement of 61.8 percent from 1.1496 to 1.0635 levels. Source: https://learn2.trade

RIPPLE (XRP) SLUMPS ABOVE $0.18, FAILS TO RALLY ABOVE $0.20 RESISTANCE 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 has continued to sink after failing to hold above $0.18. Its initial battle was at $0.20500 resistance. After two unsuccessful attempts to break it, it was repelled to $0.18 low. The bulls regrouped and moved up but were stopped at the $0.19500 resistance. Since April 10, the market has been fluctuating between $0.18 and $0.19500 to break the minor resistance at $0.19500. The bears have overwhelmed the bulls as the $0.18 support is under threat. The bears broke the current support as the bulls pulled back at $0.18450 high at the time of writing. XRP/USD – Daily Chart Daily Chart Indicators Reading: Recently, the coin has continued its downward move as it has been repelled at the $0.20500 and $0.19500 resistances.XRP has fallen to level 47 of the Relative Strength Index period 14. It means it is in the downtrend zone and below the centerline 50. XRP/USD Medium-term Trend: Bullish On the 4 hour chart, Ripple is in an uptrend. A trend line is drawn showing the support levels of price. The upward move has been hindered by the $0.20500 and $0.19500 resistances. The bears have broken below $0.18 but the bulls pulled back above the support. XRP/USD – 4 Hour Chart 4-hour Chart Indicators Reading The 50-day and the 21-day SMA are sloping upward indicating the upward move. XRP has fallen below 20% range of the daily stochastic. This implies that Ripple is in the oversold region. Buyers are likely to emerge to push XRP upward move. General Outlook for Ripple (XRP) Ripple continues to fall after being resisted from the $0.20500 and $0.19500 price level. The bulls are presently defending the $0.18 support. On the downside, if the bears break below the $0.18 support, XRP will drop to $0.174 or $0.17. In the meantime, the $0.18 support is likely to hold as the coin is in a bullish momentum. Source: https://learn2.trade