analyst75

GOLD PRICE ANALYSIS — SEPTEMBER 2 Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A better-than-expected US ISM Manufacturing PMI data released on Tuesday rescued the US dollar (DXY) from its recent bearish journey, which in turn weighed heavily on the dollar-denominated commodity. The dollar index was further strengthened by a decent pickup in the US Treasury bond yields. This, coupled with the growing risk appetite thwarted demand for the precious metal. However, plans by the Fed to keep interest rates lower for longer helped the non-yielding commodity from increased decline. Gold’s price has now fallen closer to its weekly low which makes it advisable to wait for more downside extension before placing aggressive bets. Moving on, market participants will be looking at the US economic docket today—which features the US ADP report—for clues. Meanwhile, the market’s focus remains on the incoming NFP data release scheduled for Friday. XAUUSD – 4-Hour Chart Gold (XAU) Value Forecast — September 2 XAU/USD Major Bias: Sideways Supply Levels: $1977, $1983, and $2000 Demand Levels: $1940, $1923, and $1909 Gold has fallen back into our $1983 – $1960 pivot zone after it failed to take the $2000 yesterday when it recorded a high of $1992. The commodity looks like it is going to make another attempt at the $2000 target but might fail to break out of the current pivot zone as a result of the prevailing global risk sentiment. That said, XAU/USD will likely remain in a consolidation range in the coming days with the $1940 support being a key level that could trigger a sell-off. Source: https://learn2.trade

SILVER PRICE: XAGUSD BULLS RE-ATTEMPTS RESISTANCE AT $28.15 LEVEL XAGUSD Price Analysis – September 2 Silver price increases past the $28.15 hurdle, up 0.45 percent on a day, during Wednesday’s session. The white metal leaps forward to the sixth month of gains also since it swung off in April. While the recent weakening risk-tone bias might contest the initial trajectories of the bullion, wide US dollar vulnerability and risk-safety chase retain the metal investors steady. Key Levels Resistance Levels: $30.00, $29.50, $28.15 Support Levels: $27.15, $26.50, $25.00 XAGUSD Long term Trend: Bullish Considering the sustained break of the $28.15 resistance level, the August 18 high near $28.50 level and $29.00 round-figures are on the bulls’ radars ahead of the previous month’s peak near $29.85 level. Meanwhile, the MA 13 level of $27.37 questions the short-term sellers. If at all the bears manage to sneak in around the $27.15 level, the August 25 low near $26.50 level and August 12 bottom close to $23.25 level could regain market attention. Meanwhile, the $28.00 mark and MA 13 near $27.37 level may offer immediate supports to the metal ahead of an ascending trend line from March 19 in the event of a bear market. XAGUSD Short term Trend: Ranging Looking at the 4-hour chart, the price looks to be heading to test the resistance at $28.15 level. A break of this level could mean that the recent high of $29.85 level might be the target for the bulls. If this fails then the $26.20 level may stay as big thorn in the side for the bears as it is a very stubborn support zone. The indicators are staying in the positive zone at the moment as the MA 5 and MA 13 exhibit intact upside traction. The Relative Strength Index is beyond its 50 midlines with more space for a move higher. Source: https://learn2.trade

WHAT IS THE MOST IMPORTANT THING IN TRADING? Let us face it, the basic reason why people trade is to make profits. Our main goal is to engage the financial markets and end up making money by doing so. Sadly, many traders are too obsessed with making money that they tend to ignore safety of their trading capital. They think of how much they can make per day, per week or per month, without thinking about how they can keep their capital safe in worst-case scenarios. Yes, worst-case scenarios do happen, and ironically, they are the best-case scenarios for certain traders. These are some recent examples of such scenarios. Subprime mortgage crisis of 2007 – 2010 Flash crash of May 2010 Major earthquake and subsequent nuclear fallout in Japan, 2011 Unprecedented volatility in CHF pairs, 2015 Unusual, transitory accelerated bear markets of 2020, which was followed by strong bullish rage. 2020 And the list can continue. Each of these scenarios resulted in colossal gains for some traders as well as massive losses for some. It is known that the market has symmetry; when you go in one direction and make money, those who go in your opposite direction will see negativity in their positions. For instance, when the unprecedented volatility happened on all CHF pairs in 2015 (the reasons behind that are beyond the scope of this short article), I know a trader who just funded his account with 1000 USD that week and the capital went kaput. I also know another female trader who was having less than 30,000 USD in her account, only for her to wake up and see over 800,000 USD equity in her account! That brings us to the most crucial thing, I know traders who survived these scenarios or even made huge gains from them. The reason is because they took the safety of their funds seriously. When you have money in your account, you can trade and expect gains. However, if the money is gone, what would you use to make additional speculation? Nothing. The only option you will have is to fund the account again, so that you can resume trading. Profit and risk I do not have a guarantee that the next trade will win, or lose. There is no guarantee that worst-case scenarios cannot happen anytime, which may have effects on my trading capital. What someone calls a bad scenario may be a good scenario for you. What brings losses to others is what bring profits to you. But I have assurance that once I take the safety of my account seriously and I apply prudent risk control techniques to my trading, bad scenarios cannot have adverse effects on me, and good scenarios will always bring satisfactory results. If I plan to gain 500 USD on a single day, having only 2000 USD in my account, would I want to think of what could happen, should the market move against me? Would I want to accept 25% loss on a single trade? If I cannot accept 25% loss on that trade, then I need to reduce the amount at stake significantly further. In reality I risk 2% or less on each trade. The safety of your account is the primary thing: profits are only secondary. Preserve your account with risk management and profits will come naturally. Just ensure that you survive in the markets for the longer-term and you will have testimonies to share. You will have profits to show as a result of your victory. No matter how good or skilled or experienced we are, we cannot avoid occasional losses, and that is what makes trading interesting as well as challenging. The aim of every triumphant trader is thus to have losses that are smaller than profits. If I make a total losses of 3500 USD in a month, and I also make a total profits of 8000 USD in the same month, then that is a profitable month for me. Really, if you keep your money safe in the face of the vagaries of the market, you will eventually end up being richer than you currently are. NB: Watch out for an article that reveals the single most important factor that will guarantee consistent profits, coming soon. Source: https://learn2.trade/

WHAT EXACTLY IS DEFI? ALL YOU NEED TO KNOW Decentralized Finance (DeFi) is the fusion of traditional banking services with decentralized technologies like blockchain. DeFi may also be called Open Finance due to its inclusive format. It is important to note that the DeFi community is committed to creating alternatives to every financial service currently available. These services include items such as savings and checking accounts, loans, asset trading, insurance, and more. Decentralized Finance (DeFi) Significance DeFi continues to play an important role in the development of the financial sector for many reasons. First, DeFi expands the functionality and availability of money. Since all you need to participate in the DeFi sector is a smartphone, there is huge potential for the expansion of the global economy. Consequently, analysts consider this sector to be one of the most important ones in the crypto space at present. This commitment to developing the DeFi ecosystem is easy to understand. It is important to note that DeFi is the fastest growing sector in the blockchain. According to the latest reports, DEFI tokens consistently outperform their peers. Besides, since this time represents the beginning of this stage of integration, the market now has a unique opportunity to see an entirely new heyday of the industry. Decentralized Applications (dApps) DeFi relies heavily on Dapps. To understand the power of DeFi, you need to understand the concept of Dapps. Dapps are programs designed to run on decentralized networks. These networks can be blockchains, Tor networks, or distributed ledger technologies (DLT). A key component of these protocols is their decentralized nature. There are no central bodies, corporations, or agencies that oversee and approve the business functions of these applications. Dapps require very little human intervention. Instead, these platforms integrate advanced smart contracts to optimize their business systems. Smart contracts are pre-programmed protocols that run when you receive cryptocurrency to your address. It’s important to note that smart contracts can perform a wide variety of tasks, from client approval to making payments. In Conclusion As the main systems of our society transform decentralization, the demand for DeFi Dapps will increase in the future. These next-generation applications continue to remarkably disrupt existing business systems. Source: https://learn2.trade

NEW PATTERN SUGGESTS THAT BITCOIN COULD CRUMBLE TO THE $10,000 LEVEL IF BULLS DON’T ”SAVE THE DAY” Bitcoin (BTC) and the rest of the cryptocurrency market have been swept by intense volatility in today’s session, with the benchmark cryptocurrency plunging below the key $12k support. This drop saw BTC drop as far as $11,600 before bulls stepped in to prevent further declines. Many analysts believe that this sharp decline has disrupted Bitcoin’s price action in the near-term. A bearish divergence has now emerged on Bitcoin’s ‘Renko’ chart, confirming the fresh BTC weakness. Worth mentioning is that the last time this pattern emerged, the cryptocurrency fell by $1,300. If history repeats itself, which it usually does, Bitcoin could see a further extension of this correction. One analyst points out that if the crypto failed to bounce off its current level, we could see $10k again. BTC – Hourly Chart Key Levels To Watch At press time, Bitcoin is trading at $11,770, roughly 1.6% down from its previous high. As projected in our last analysis, the benchmark cryptocurrency dropped to $11,600 before finding a strong bounce from that area. After this, the crypto appeared to enter a consolidation range just like the one it was in before we broke the $12k mark. Bulls are now tasked with reclaiming dominance above $12k again or risk handing over control to bears. On the hourly chart, we can see that BTC needs to get back on top of the prevailing trendline and continue on that trajectory. Our MACD indicator shows that we are now heading into oversold conditions, making a bullish comeback more feasible. If the $11,600 support caves, Bitcoin could head towards the $11,200-000 region fairly quickly. A further decline from that level should be strongly supported by the $10,800-500 pivot zone (colored in purple). On the flip side, a good recovery from this level would send Bitcoin back into the $12,000’s and higher. Total market capital: $365.6 billion Bitcoin market capital: $217 billion Bitcoin dominance: 59.4% Source: https://learn2.trade

ETHEREUM PRICE ANALYSIS:ETH FACES REJECTION, MAY REVISIT $400 SUPPORT LEVEL Key Highlights Ethereum faces rejection at $440, may continue selling presure Ethereum has the chance of reaching its target price of $480 Ethereum ( ETH) Current Statistics The current price: $412.58 Market Capitalization: $46,308,157,897 Trading Volume: $12,328,754,634 Major supply zones: $280, $320, $360 Major demand zones: $160, $140, $100 Ethereum (ETH) Price Analysis August 19, 2020 Ethereum is on a downward move as it faces rejection at the $440 overhead resistance. Buyers have thrice attempted to break the $440 resistance but to no avail. Each time ETH faces rejection at the $440 resistance; price will fall to $420 support and resumes a fresh uptrend. ETH/USD – Daily Chart The price has continued its downward move. After falling to the $420 support, it retested the $430 resistance and continued selling pressure. Ethereum risks falling to the low of $375 if price continues its fall. On the upside, a break above $440 will propel price to reach a high of $480. ETH Technical Indicators Reading Sellers have pushed price below the support line of the ascending channel. The implication is that price may continue its downward move. However, if price breaks below the EMAs, the selling pressure will continue downward. ETH/USD – 4 Hour Chart Conclusion Ethereum is falling after facing rejection at the $440 resistance. It is unclear to which level price will fall and resume the uptrend. According to the Fibonacci tool, in the August 5 uptrend, a retracement candle body tested the 78.6% Fibonacci retracement level. It indicates that price will reach 1.272 extension level and reverse. If it reverses, it will return to the 78.6% retracement level where it originated. Source: https://learn2.trade

HOW DO I CONTROL MY TRADING RISK? RISK CONTROL TECHNIQUES IN TRADING Risk is ever present in trading, just as it is in other areas of life. The good news is that the risk inherent in trading can be controlled effectively, thus enabling you to be permanently triumphant. No-one on earth can trade repeatedly without any loss, no matter the trading strategy adopted. If you had a speculative method that could not lose a single trade, all the money in the world would eventually go to you, and that would be completely unfair. If there was no possibilities of losses in the market, then the market would not exist at all. For you to make money in the markets, you need to be smarter than many other traders, and employing effective risk control methods will also give you a huge edge over other traders. For every good strategy, there are periods of losses and there are periods of winnings. There would be a period when everything you touch in the market will become gold; whereas there are periods when the market will let you know that you are not hot, even if you think you are. What can you then do? RISK CONTROL METHODS Small Lot Sizes: Risk as small as possible per trade. Go for small, but consistent profits, not home runs. Betting big pays richly if you win, but what happens if you lose. There is no 100% guarantee that your next trade will be a winner, and you do not want to lose big, in case you are wrong. The trick is to lose as small as possible during a losing streak and gain as much as possible during a winning streak (good risk to reward ratio). Small losses are easy to recover: big losses are not. So make sure you do not have large losses in the first place. With an account balance of 1000 USD or less, I use 0.01 lots. With an account balance of $20,000, a position size of 0.2 lots would be used. This is conservative, but it has worked well for me. Stop Loss: In case a trade is not going your way, this is an order that takes you out of the market at a predetermined price level. A stop loss should not be too wide, so that normal market fluctuations will take you out of the market prematurely. A stop loss should not be also too wide, so that there would not be a painful loss in case price decides to go protractedly against you. An optimal stop is thus better (not too wide and not too close to the current price). Some traders hate stop loss because one can sometimes be taken out of the market and then see price going in one’s direction. Nonetheless, there would be times when stops will save your capital from total ruin, some market may go decidedly against you and will not come back to your entry level again (not in your lifetime). So stops are your life insurance ploicy. Get stopped out at a small loss and look for next opportunities. Take Profit: That is the target you set for your trade – a stop put in place to take you out of the market once price reaches a certain level in your favor. Even when you are not online and your trading platform is closed, Take Profit will close your profit for you once price reaches your targeted level. The downside, is that price may sometimes reverse before it reaches your target; or price may continue going in your direction once it has taken you out, albeit with a profit. Breakeven Stop: This is a tool that helps you remove the risk on a trade. Let us say you place a “sell” trade on Gold (XAUUSD) at 2060.06, and place your Stop Loss at 2085.00, and Gold begins to trend downwards, now trading at 1950.63. You will then adjust your Stop Loss to 2060.06, which is your entry price. That is breakeven stop. You have removed the risk of loss on that trade, and the worst that can happen is for you to be stopped out with no profit and no loss, in case the market reverses against you. If the market does not reverse, you will then enjoy your risk-free trade! Trailing Stop: A trailing stop can be defined as a modification of your Stop Loss that can be set at a defined percentage or pips amount away from the market price. In June and July 2020, USDCHF dropped by over 500 pips. If I entered the market at 0.9607,and price later moved to 0.9360 (over 240 pips), I might want to lock some of the profits while riding the bearish trend further. Therefore I would set a trailing stop of 80 pips or 110 pips. Should the market continue moving in my favor, I would make more gains, as more of the profits are locked, until my target is hit or I close the trade myself. In case of a reversal against me, I would be taken out of the market, but some of the profits would be salvaged as well. Staying Aside: Another great way to control your risk and reduce drawdowns is to know when to be in the market and when not to be in the market. There are months of the year when trend following works and there are months when it does not work. There are times when mean-reversion trading works and there are times when it does not work. Recognize when your system is temporarily out of sync with the markets, and stay out of the market. Know when you are supposed to be in the market, and when you are not supposed to open trades. This comes only with years of experience. Conclusively, there are no perfect risk control tools, for each tool has its pros and cons. But when you employ the risk control measures explained above, you will enjoy everlasting success in the markets. Sure, there would be occasional, transitory setbacks, but it would be easier for you to recover them eventually and surge ahead with more profits. It is not easy to be green… May your trades be green. Source: https://learn2.trade/

USD/CAD FACES REJECTION AT LEVEL 1.3350, MAY REACH THE LOW OF 1.3200 Key Resistance Levels: 1.4200, 1.4400, 1.4600 Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: Bearish The Loonie is in a downward move. The price is retesting the resistance line of the descending channel. A downward move will follow if price faces rejection at the resistance level. The pair is trading at level 1.3290 at the time of writing. USD/CAD – Daily Chart Daily Chart Indicators Reading: The 50-day SMA and the 21-day SMA are sloping downward indicating that the market is falling. The Loonie has fallen to level 38 of the Relative Strength Index. The pair is approaching the oversold region of the market. The price is in a bearish momentum. USD/CAD Medium-term Trend: Bearish On the 4-hour chart, the pair is in a bearish trend. The Loonie is falling after facing rejection at level 1.3350. A green candle body tested the 0.786 Fibonacci retracement level. The Loonie will fall and reach a low of 1.272 Fibonacci extension level or level 1.3200 price level. At that level, the market will reverse and return to level 0.786 retracement level where it originated. USD/CAD – 4 Hour Chart 4-hour Chart Indicators Reading Presently, the SMAs are slowing downward indicating that the market is falling. The Loonie is below 40% range of the daily stochastic. It indicates that the market is in a bearish momentum. The Loonie is approaching the oversold region. General Outlook for USD/CAD The USD/CAD pair is falling. According to the Fibonacci tool, the market will fall and reach a low of 1.3200. At that low, price will resume an upward move. However, the reversal will not be immediate. Source: https://learn2.trade

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

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

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.

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

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

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

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

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

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

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