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XAUUSD Price Analysis – February 7

The increasing tension in the Coronavirus crisis could push gold upward, trying to reach the $ 1,575 level. The yellow metal strengthened despite stock market growth following the publication of economic data that exceeded expectations. However, the mood for assets at risk improved significantly as fears of coronavirus eased slightly.

Key Levels
Resistance Levels: $ 1625, $ 1595, $ 1580
Support Levels: $ 1550, $ 1540, $ 1517

XAUUSD-Daily-Feb-7.png

XAUUSD Long term Trend: Bullish

XAUUSD is trading in an uptrend after its main daily 5 and 13 moving averages. However, gold broke beneath the bear flag and then recovered slightly over the past three sessions.

The movement is unstable, which probably means that gold is about to consolidate. RSI has grown, but is in the middle of the neutral range and reflects consolidation.

XAUUSD-4-Hour-Feb-7.png

XAUUSD Short term Trend: Ranging

After the breakdown of the January bearish flag, the bears see the current upward move as a correction that will lead to another potential bearish leg. However, a clear break past the resistance level of 1575/80 should nullify the bearish bias and restore the bullish momentum in the market.

Bears expect a breakdown of the support level of $ 1,563 with a break below the level of $ 1,550 and a potential fall to the level of $ 1,540 in the short term.

Instrument: XAUUSD
Order: Buy
Entry price: $1,567.50
Stop: $ 1,550
Target: $1,585

 

Source: https://learn2.trade 

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Bitcoin (BTC) Bounces As Uptrend Gains Ground

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bullish
In the last 24 hours, the bulls have held on the price above $9,700. The positive upward move was as a result of the rebound on February 4. Previously the coin was range-bound between $9,200 and $9,600. Buyers bought at the low of $9,100 and have pushed the price to the top of the range.

The bears could not continue with the downward movement at a low of $9,100. Presently, the price at the top of the range is $9,777. Nevertheless, if the price breaks above this current range, the coin can rally above $10,300.

BTC/USD -Daily Chart

Daily Chart Indicators Reading:
Bitcoin is currently trading above $9,700 and it is above 80% range of the daily stochastic. This explains that Bitcoin is in the overbought region of the market. It also means that BTC is in a strong bullish momentum. Meanwhile, the price action has not shown any reversal candlesticks of Bitcoin. It also means that the upward move may likely continue.

BTC/USD Medium-term Trend: Bullish
On the 4-hour chart, BTC is in a smooth uptrend. In its first bullish move, it was resisted at $8,400. The price pulled back and continued the upward move. In its second bullish move, it was resisted at $9,200 and the coin fell to the support of the trend line. At this support, the coin rebounded and the momentum extended the high of $9,500. The upward move is continuing as the price reaches a high of $9,700.

BTC/USD - 4 Hour Chart

4-hour Chart Indicators Reading
On the Relative Strength Index period, 14 levels 70 indicate that the coin is nearing the overbought region. In the overbought region, there will be sellers that will push the coin downward. However, buyers may not be on hand to push the coin upward.

General Outlook for Bitcoin (BTC)
Bitcoin is now trading above $9,700 at the time of writing. As the market reaches the overbought region, the coin is likely to fall to the previous support. Alternatively, the market will continue to move in a sideways trend.

BTC Trade Signal
Instrument: BTC/USD
Order: Buy
Entry price: $9,777
Stop: $9,600
Target: $10,300

Source: https://learn2.trade 

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Ripple (XRP) Starts New Uptrend, Battles Next Resistance At $0.34

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bullish
On February 11, Ripple slumped to the low of $0.26 and rebounded as the coin reached a new high of $0.32. Before this time, the bulls have been finding it difficult to break the resistance at $0.28. Analysts are of the view that a break above $0.28 will push XRP to a high of $0.31. Today the market has reached a high of $0.34 but has pulled back to the support of $0.32.

The upward move has been temporarily put on hold because of the minor resistance at $0.34. Nonetheless, the bulls have to make efforts to break the current resistance. From the price action, if the bulls succeed in breaking the resistance at $0.34, XRP will rally above $0.40. This is because there will be little or no resistance between $0.34 and $0.40. Therefore, we shall lookout for the next price between $40 and $0.45.

XRP/USD - Daily Chart

Daily Chart Indicators Reading:
As Ripple appreciated to a high of $0.32, the Relative Strength Index period 14 has risen to level 80. This implies that Ripple is in the overbought region of the market. The implication is that once the coin is overbought, sellers will be generated in the region to push the coin downward. Buyers are not available in the region to push the coin upward. However, in exceptional cases price will linger in the overbought region before the downward move.

Marvin Steinberg und seine Sicht auf den STO-Markt: https://coincierge.de/2020/marvin-steinberg-und-seine-sicht-auf-den-sto-markt/

XRP/USD Medium-term Trend: Bullish
On the 4-hour chart, the upward move was as a result of a bounce on the trend line. The rally reached a high of $0.34 but the price found support above $0.32. Thereafter the bulls made two attempts at the resistance without a success. The coin is fluctuating below the resistance.

XRP/USD - 4 Hour Chart

4-hour Chart Indicators Reading
Ripple is trading below 80% range of the daily stochastic. This means that XRP is in bearish momentum. The coin is likely to fall. Meanwhile, 21-day SMA and 50-day SMA are sloping upward indicating that uptrend is ongoing

General Outlook for Ripple (XRP)
Ripple is currently fluctuating above $0.32 support but below the $0.34 resistance. The bulls have one more hurdle at $0.34 resistance to jump over. Ripple will be out of the downtrend zone if the bulls are successful above the resistance. There is also the possibility of a new uptrend as soon as the resistance at $0.34 is breached.

Ripple (XRP) Trade Signal
Instrument: XRPUSD
Order: Buy
Entry price: $0.33
Stop: $0.32
Target: $0.45

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

Source: https://learn2.trade 

 

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Gold Is Trapped In A Narrowing Price Band Lacking In Directional Bias

XAUUSD Price Analysis – February 14

Gold did not have a strong directional inclination and traded in a limited exchanging band around the $ 1,575 level during the early European session on Friday. The blend of separating powers couldn’t give any new catalyst or support the valuable metal to build up a positive shift of the previous session to the tops in a week.

Key Levels
Resistance Levels: $ 1611, $ 1595, $ 1585
Support Levels: $ 1550, $ 1540, $ 1517

XAUUSD-Daily-Feb-14.png

XAUUSD Long term Trend: Bullish

The metal has printed lower highs and higher lows since it reached $ 1,611.49 level in early January. This took the form of a tapering price band or a declining triangle.

Marvin Steinberg und seine Sicht auf den STO-Markt: https://coincierge.de/2020/marvin-steinberg-und-seine-sicht-auf-den-sto-markt/

Admitting past the upper limit may mean the resumption of the uptrend from November lows of about $ 1455.70 level and may lead to a move past the recent high of $ 1611.49 level.

XAUUSD-4-Hour-Feb-14.png

XAUUSD Short term Trend: Ranging

The day after a slight decrease in price, gold came back to the resistance region of $1575 – $1578 levels. With the RSI indicating a potential move higher, we could see some expansion in force.

However, gold requires to get through the barrier zone to affirm further advancement and besides, it additionally needs to break past the recent highs to keep up an upswing.

Instrument: XAUUSD
Order: Buy
Entry price: $1,575
Stop: $ 1,563
Target: $1,580

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

Source: https://learn2.trade   

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The Sharp Recovery In EURJPY Lose Momentum, Falters Beneath The Level At 121.00

EURJPY Price Analysis – February  21

The single European currency rose 88 basis points or 0.73% against the Japanese yen in the previous session. After two consecutive sessions showing strong growth, EURJPY is now losing some momentum amid JPY bulls.

Key Levels
Resistance Levels: 122.37, 122.87, 121.00
Support Levels: 119.99, 117.08, 115.83

EURJPY-Daily-Feb-21.png

EURJPY Long term Trend: Ranging

The EURJPY rebound from the level of 118.46 continues to advance from the previous session, but today it has stalled. Super-speed acceleration claims that a decline from 122.87 level could have ended in three waves to 118.46 level.

However, the support level formed by the intersection of the moving average of 5 and 13 at 119.90 level can support the exchange rate during the trading session on Friday, while greater advance can continue from the level of 115.83.

EURJPY-4-Hour-Feb-21.png

EURJPY Short term Trend: Ranging

From an analysis of the 4-hour time frame, the intraday bias is now on the rise for a resistance level of 121.15 at first. The breakthrough will be aimed at 122.87 high levels.

On the other hand, a breakdown of the secondary support levels of 119.99 could change the bias towards lower testing to retest the low level of 118.46 instead.

Instrument: EURJPY
Order: Sell
Entry price: 121.00
Stop: 119.66
Target: 121.47

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Source: https://learn2.trade 

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Bitcoin (BTC) Consolidates As Bears And Bulls Tussle Above $9,400 Support

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Ranging
Bitcoin has failed to break above $10,400 overhead resistance. The bulls made two unsuccessful attempts at the resistance. In the recent one, the bears took the price to a low of $9,290 and then pulled back above $9,400. In the interim, the price is fluctuating above $9,400 and approaching the high of $9,800.

As the bulls have failed to push above the overhead resistance, the pair may commence a range movement. Nonetheless, it is anticipated that if the bears break below the $9,400 support, selling pressure may resume. Meanwhile, BTC may continue the range-bound movement.

BTC-Lear2trade-19.png BTC/USD – Daily Chart

Daily Chart Indicators Reading:
After the downward move of Bitcoin, the Relative Strength Index has also fallen to level 52. This simply means the coin is above the centerline 50. In other words, BTC is in an uptrend and it is likely to rise. Price broke the support line of the ascending channel. The uptrend will be in proper perspective only when the bulls break into the ascending channel.

BTC/USD Medium-term Trend: Bearish
On the 4- hour chart, Bitcoin now trades between $9,400 and $10,200 after the first breakdown at the $10,400 overhead resistance. The bulls tested the resistance at $10,200 twice , before the downward move. The large bearish candlesticks tested a low of $9,290. However, the small body candlesticks that follow are called indecisive candlesticks.

BTC-Lear2trade4-18.png BTC/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Presently, BTC is trading above a 25% range of the daily stochastic. That is the coin is in the bullish trend zone. The 21-day SMA and the 50-day SMA are sloping horizontally indicating a sideways trend.

General Outlook for Bitcoin (BTC)
From every indication, if the bulls fail to push above the overhead resistance, the price action in October and November will repeat itself. For the past three days, BTC is still fluctuating above $9,400.

Instrument: BTC/USD
Order: Sell
Entry price: $9,700
Stop: $9,900
Target: $8,400

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Source: https://learn2.trade 

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Australia 200 (AU200AUD) Plummets Heavily, But May Bounce Upwards Soon

Key Resistance Zones: 7000, 7100, 7200
Key Support Zones: 6100, 6000, 5900

Australia 200 (AU200AUD) Long-term Trend: Bullish
The index is in an uptrend. It has been making a series of higher highs and higher lows. On July 29, 2019, the market reached its high of 6800. It was said to be in the overbought region. Sellers emerge as price drops to a low of 6400.

The upward move resumes as the market reaches a high of 7155 but was resisted. Price  plummets to a low of 6900. Bulls took the price to the high of 7167, thereby forming a bearish double top. The market fell because of the formation of a bearish double top. It fell to the low of 6615.

Australia-200-Learn2trade.png AU200AUD – Daily Chart

Daily Chart Indicators Reading:
Australia 200 has fallen to level 26 of the daily Relative Strength index period 14. It indicates that price has reached the oversold region of the market. That is selling has overdone. Buyers are likely to emerge to push the index upward.

Australia 200 (AU200AUD) Medium-term Trend: Bearish
On the 4- hour chart, Australia 200 is also in an uptrend. A bullish trend line is drawn showing support levels of the index. AU200AUD rebounded at the support of the trend line on January 6 and reached a high of 7154. At this high of 7154, the market was in an overbought region as it fell to a low of 6900.

Australia-200-Learn2trade.4-Hourpng.png AU200AUD – 4 Hour Chart

4-hour Chart Indicators Reading
On February 19, price reached the peak price of 7200 but was resisted. The market fell to a low of 6615. This was the previous low of December 32019. Meanwhile, The market is below 20% range of the daily stochastic. At this moment, the market is in the oversold region. In other words, AU200AUD is in a strong bearish momentum. The momentum will remain until buyers emerge to push the indices upward.

General Outlook for Australia 200 (AU200AUD)
Australia 200  makes an impressive upward move, it soon reaches the overbought region of the market. This is done by suggesting sellers take control of price. The bears pushed the indices to the oversold region at 6615. The market is likely to go up once buyers emerge.

Instrument: Australia 200 (AU200AUD)
Order: Buy
Entry price: 6586
Stop: 6300
Target: 7200

 

Source: https://learn2.trade 

                 

 

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S&P 500 Unexpected Crash Resumes Its Decline, Dropping To Fresh 2020 Lows

S&P 500 Price Analysis – February 28

The S & P 500 has a deep pullback beneath Simple Moving Averages (SMAs) while selling pressure hit past 3100 levels downwards at new lows in 2020. The spread of Coronavirus makes investors fear global growth. Continuous stays beneath the stated level may increase further selling expanding down to 2800 level.

Key levels
Resistance levels: 3400, 3220, 3000
Support level: 2853, 2772, 2600

SP-500-Daily-Feb-28.png

S&P 500 Long term Trend: Bearish

The S & P 500 received another blow in the previous session: the opening price gap plunged beneath the critical support at 3000.00 level, and now it has entered the second phase of selling at today’s session towards the next support level at 2853.00, currently, it is trading near the level of 2950.00.

Currently, the index is trading at 2947.00 level, after an attempt to close the price gap failed and fell before returning to the level of 3000.00. We can see attempts to stay past 2900.00 level, however, if this fails, the next two supports are estimated at 2853.00 and 2772.9 levels.

SP-500-4-Hour-Feb-28.png

S&P 500 Short term Trend: Bearish

The S & P 500 is experiencing a deep downward correction and is currently challenging its moving average of 5, trying to rebound since the bears broke beneath 3000 levels, reaching new lows in 2020.

The spread of Coronavirus causes traders to panic. The lack of an upward momentum of the S & P 500 may lead to further selling with a further decline to the level of 2853.00.

Instrument: S&P 500
Order: Sell
Entry price: 3000
Stop: 3069
Target: 2853

Source: https://learn2.trade 

                 

 

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USDCHF Remains Beneath The 0.9600 Level Despite The Greenbacks Rebounding Bond Yields

USDCHF Price Analysis – March 3

The Fx pair stays on the defensive through Tuesday’s early European session into American session and is currently positioned close to the lower end of its daily trading range, around the low-level area of 0.9515. The risk-on flow helped the bond yields from the U.S. Treasury to stage a good recovery from all-time lows. It eventually helped alleviate the US dollar’s recent bearish pressure but unable to lift the pair.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9845
Support Levels: 0.9500, 0.9438, 0.9370

USDCHF-Daily-March-3.png

USDCHF Long term Trend: Bearish

After a strong collapse over the last few days, the bears are likely to wait for a regular closing beneath the low price level of September 2018 close to 0.9541 level, thus targeting 0.9500 levels during the further declines.

Nonetheless, it may recall the buyers targeting 0.9700 marks on the off-chance the pair’s recovery moves past-0.9629 price levels including lows marked on January 31.

USDCHF-4-Hour-March-3.png

USDCHF Short term Trend: Bearish

Technically with a low resistance level of 0.9654, the intraday bias in USDCHF stays on the downside as the current fall from 1.0231 may aim a forecast of 100 percent from 0.9845 to 0.9438 levels.

On the upside, breakage of 0.9654 minor resistance level may first alter the neutral intraday bias and recovery may be well beneath the resistance level of 0.9845 to usher in continuation of fall resumption.

Instrument: USDCHF
Order: Sell
Entry price: 0.9541
Stop: 0.9613
Target: 0.9438

 

Source: https://learn2.trade 

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Germany 30 (DE30EUR) Consolidates After An Incredible Fall

Key Resistance Zones: 12800, 13200, 13600
Key Support Zones: 11600, 11200, 10800

Germany 30 (DE30EUR) Long-term Trend: Bearish
DE30EUR index was in an uptrend since January 2019 but was ended in February 2020. The stoppage of the uptrend was that the market reached the overbought region. DE30EUR reached a high of 13800 and was overbought.

The upward move becomes impossible because buying has been overdone. In the overbought region, sellers are on hand to push DE30EUR downward. The market fell to a low of 11800. Nonetheless, the index fell to a low of 11800 and was oversold. The current support is likely to hold as we expect buyers at the oversold region to push the price upward.

DE30EUR-Learn2trade.png DE30EUR – Daily Chart

Daily Chart Indicators Reading:
The downtrend of the index has resulted in the DE30EUR to be in an oversold region. DE30EUR fell below a 20% range of the daily stochastic. This also means that DE30EUR is in a strong bearish momentum. It is expected that buyers will be on hand to push the index upward. DE30EUR will remain in the oversold region as long as buyers delay to emerge.

Germany 30 (DE30EUR) Medium-term Trend: Bearish
On the 4- hour chart, the index has been in a sideways trend before the downward move. DE30EUR has been fluctuating between 13000 and 13600 for sometimes. The bulls and the bears have earlier been testing the lower and the upper price range to break it. However, the market fell after the bulls tested 13800 resistance level.

DE30EUR-Learn2trade-4-Hour.png DE30EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently at level 36 of the Relative Strength Index period 14. The index is likely to fall because it is below the centerline 50. The 21-day SMA and the 50-day SMA are sloping southward indicating the downtrend. Buyers will emerge in the oversold region to push the index upward.

General Outlook for Germany 30 (DE30EUR)
DE30EUR is consolidating after a price breakdown. After a period of consolidation, the market will either fall or rise. The index may move up after a period of consolidation. This is because Germany 30 is in the oversold region of the market. Buyers are likely to push the index upward.

Instrument: Germany 30 (DE30EUR)
Order: Buy
Entry price: 11940
Stop: 11700
Target: 13600

 

Source: https://learn2.trade 

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Crude Oil: WTI Price Tumbles As Market Bearish Trend Extends Lower To $27.40 Level

USDWTI Price Analysis – March 9

WTI oil futures for April delivery is in free fall mode on Monday after a price war between Saudi Arabia and Russia caused by last week’s OPEC+ meeting. On Monday, the oil price opened 11 percent lower and trading at a $27.40 level multi-year low, though not far from the 2016 troughs.

Key Levels
Resistance Levels: $54.40, $50.88, $46.00
Support Levels: $27.40, $25.00, $20.00

USDWTI-Daily-March-9.png

USDWTI Long term Trend: Bearish

In the larger structure, the market mood turned to bearish after the drop beneath the $43.83 level of 2018 low and only a bounce back past that level could restore the optimistic outlook.

If recovery occurs, with the price closing past today’s high of $41.51 level, resistance could arise within the former support area of $41.09-$43.83 levels, a break from which could see the $46.00 level re-test.

USDWTI-4-Hours-March-9.png

USDWTI Short term Trend: Bearish

WTI crude oil prices dropped more than 10 percent today as prices reached a $27.40-level multi-year low, although this coincides with multi-year support turned resistance point at $41.09 level. If the price returns past this level, we might see some consolidation happen.

The restructuring would most likely stay between ranges of $41.09 and $46.00 levels. We’d be on the lookout for any initial signs of higher low formation that could indicate a rebound.

Instrument: USDWTI
Order: Buy
Entry price: $27.40
Stop: $25.00
Target: $41.09

 

Source: https://learn2.trade 

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Ethereum (ETH) Fails To Hold Above $240, Encounters Further Selling

Key Resistance Levels: $225, $250, $275
Key Support Levels: $150, $125, $100

ETH/USD Long-term Trend: Bullish
Ethereum’s recent fall was caused by the bulls’ inability to sustain above $240 price level. Since on February 25, the market has been fluctuating above $220 before its upward move to the high of $246. As the price breaks above $240, it was expected of the coin to revisit the previous high above $286.

The bulls could not sustain the upward move and they were repelled. The price dropped from a high of $252 to $199. There is possibly of another downward move of the coin. Ethereum may further depreciation to the low of $180 or $197 if the selling pressure continues.

ETH-Learn2trade-1.png ETH/USD – Daily Chart

Daily Chart Indicators Reading:
Ethereum is now in bearish momentum. The previous bullish momentum was interrupted because the bulls failed to push the price upward. Currently, the market is below 25% range of the stochastic. The market is now in a bearish momentum approaching the oversold region.

ETH/USD Medium-term Trend: Ranging
On the 4 hour chart, the coin has been in a sideways trend. The sideways trend is ongoing as ETH makes a downward move. The third attempt was unsuccessful as price fell to the low of $210 but move up to make a retest at $250. The retest at $250 catapults the coin to further depreciation. Ether has reached a low of $190’.

ETH-Learn2trade4-Hours-1.png ETH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping horizontally indicating that the coin is in a sideways trend. The Relative Strength index period 14 is level 31 indicates that the coin is approaching the oversold region of the coin. It is also below the centerline 50.

General Outlook for ETH
Ethereum is bound is still under bear control. It was assumed that Ether will fall but will rebound at a low of $197. Nevertheless, if the price fails to rebound but drops below $180, it will portend negatively for the coin. Besides, since the low at $200 is broken, the price is likely to fall to the $180 low

ETH Trade Signal
Instrument: ETHUSD
Order: Sell
Entry price: $194
Stop: $200
Target: $180

Source: https://learn2.trade 

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AUDUSD Rebounds After Plummeting To 0.5506 Levels

AUDUSD Price Analysis – March 19

The Australian dollar has sunk to the lowest since Thursday, October 2002, after Australia’s central bank lowered interest rates to 0.25%. Despite plummeting to 0.5506 level, AUDUSD pair spiked to fresh session tops in the last hour to about mid-0.5800s level but then stabilized after about 50 pips move quickly.

Key Levels
Resistance Levels: 0.7031, 0.6684, 6434
Support Levels: 0.5506, 0.5118, 0.4773

AUDUSD-March-Daily-19.png

AUDUSD Long term Trend: Bearish

AUDUSD’s decline from 0.7031 (high) level is still on the way in the larger structure. It is part of the greater downward trend from 1.1079 (high) level. The estimate of 61.8 percent from 0.7031 to 0.6878 at 0.5506 level is already achieved. There could be continuous breaks paving the way to 0.4773 (low) level.

On the upside, it needs a break of 0.6684 resistance level to suggest short-term bottoming, on the other hand, even in case of a fast rebound, the trend may stay bearish.

AUDUSD-4-Hours-March-19.png

AUDUSD Short term Trend: Bearish

AUDUSD’s fall has so far accelerated to a level of 0.5506. There may be some support from the medium-term projection level of 0.5506. But to confirm short term bottoming, breakage of 0.6028 minor resistance level is required.

On the other hand, more decline is still predicted from 0.6684 at 0.5118 level for the next target of 261.8 percent projection of 0.7031 to 0.6434 level.

Instrument: AUDUSD
Order: Buy
Entry price: 0.5701
Stop: 0.5506
Target: 0.6028

Source: https://learn2.trade 

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Bitcoin Cash Makes An Upward Move As Bulls Buy At Lower Levels Of The Market

Key Resistance Levels: $275, $300, $350
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Bearish
On March 16, BCH fell to the low of $164 and the bulls buy at the lower levels of the market. The coin made an upward move as a result of the purchase. BCH has risen to $191 and it is approaching the high of $200. On the upside, if the bulls break the resistance at $200, the market will rise to a high of $265. Presently, BCH is trading at $191 as at the time of writing. BCH may fall to a low of $169 if it fails to break the $200 resistance.

BCH-Learn2trade-2.png BCH/USD – Daily Chart

Daily Chart Indicators Reading:
Currently, BCH is rising as it is above 20% range of the daily stochastic. This indicates that Bitcoin cash is in bullish momentum. The coin was previously in an oversold region. The bulls are emerging as the coin makes an upward move.

BCH/USD Medium-term Trend: Bearish
On the 4-Hour chart, BCH is in a descending channel. On March 12, BCH fell to the low of $141 and resume a range-bound movement. The coin is currently approaching the high of $200.

BCH-Learn2trade4-Hour-2.png BCH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
BCH has risen to level 56 of the daily Relative Strength Index period 14. BCH is above the centerline 50 which means that it is in an uptrend zone. BCH is currently rising, and if it breaks the resistance line of the descending channel and closes above, it is an indication of an uptrend.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is currently trading above $160. The bulls buy at a lower level on March 16, compelling BCH to rise to the previous highs. However, the actual test comes as it faces the resistance at $200. The upward movement will continue if it breaks above $200 resistance. Conversely, it may fall if the bulls fail to break above it.

Bitcoin Cash Trade Signal
Instrument: BCH/USD
Order: Sell
Entry price: $191
Stop: $240
Target: $120

Source: https://learn2.trade 

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EURJPY Extends The Sell-Off From The Weekly Highs Towards The Sub-118.87 Region

EURJPY Price Analysis – March 27

EURJPY fell under market pressure and tumbled to sub-118.87 levels at the time of writing. Japan’s anti-risk yen attained significant ground in the US session, driving the cross to session lows near 118.87 level amid the wide-spread vulnerability of the US dollar and the fall in US stock futures.

Key Levels
Resistance Levels: 123.37, 122.87, 121.15
Support Levels: 117.08, 115.83, 114.84

EURJPY-Daily-March-27.png

EURJPY Long term Trend: Bearish

In the larger structure, the trend stays bearish as the cross returned still within the falling channel formed since 123.37 (high). As long as the resistance level is 122.87, the downward trend may proceed in the next session towards the support level of 114.84.

Even so, a continuous break of 122.87 may achieve a double bottom level (115.83, 117.08) which may suggest a long-term bullish reversal.

EURJPY-4-Hour-March-27.png

EURJPY Short term Trend: Ranging

Initially, the EURJPY trend barely changed. Consolidation from a level of 115.83 can be increased through further rises. On the contrary, a break of 121.15 level will approach a resistance level of 122.87. On the downside, a continuous break of 115.83 level may suggest a greater resumption of the downward trend.

The price is testing the 119.99 resistance level even though the cross may have a retest of the 120.17 and 121.15 price levels. Support is seen at levels of 119.24, 118.87 and 118.37.

Instrument: EURJPY
Order: Sell
Entry price: 120.17
Stop: 120.67
Target: 119.24

Source: https://learn2.trade 

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Ripple (XRP) Reaches $0.12 Oversold Region As Buyers Emerge

Key Resistance Levels: $0.30, $0.40, $0.45
Key Support Levels: $0.25, $0.20, $0.15

XRP/USD Long-term Trend: Bearish
Ripple is presently fluctuating between $0.12 and $0.17. The market appears to have reached bearish exhaustion as the coin reached the oversold region of the market. At a low of $0.12, XRP was oversold. Consequently, the bulls emerge to push XRP upward.

The coin rises to a high of $0.15 and resumes consolidation. On the downside, as the price fell to a low of $0.12 and became oversold, a further downward move is doubtful. On the upside, if the bulls break the $0. 17 overhead resistances, XRP will resume an upward move. Meanwhile, the sideways trend may persist if the $0.17 resistance is unbroken.

XRP-Lear2trade-4.png XRP/USD – Daily Chart

Daily Chart Indicators Reading:
Ripple is trading above 40% range of the daily stochastic. It indicates that Ripple is in bullish momentum but the current upward move is weak. This is in view of the currently prevailing bear market. The moving averages are pointing southward.

XRP/USD Medium-term Trend: Ranging
On the 4-hour chart, Ripple is in a sideways trend as the market fluctuates between $0.12 and $0.17. Ripple was earlier oversold as the market reached bearish exhaustion. Selling pressure is unlikely as the bulls emerge at the oversold.

XRP-Lear2trade-4-Hour-2.png XRP/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Ripple is now in a horizontal channel as the price fluctuates between $0.12 and $0.17. Meanwhile, Ripple is rising as it reaches level 59 of the Relative Strength index. Ripple is above the centerline 50 indicating that it is in the Uptrend zone. Nevertheless, the 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for Ripple (XRP)
Ripple is at the bottom of the chart but it is trading at $0.15 as at the time of writing. The pair is likely to continue its consolidation for a few more days. Presently, the bulls are having the upper hand as the price fluctuates upwards. It is assumed that the selling pressure has been exhausted.

Ripple (XRP) Trade Signal
Instrument: XRP/USD
Order: Buy
Entry price: $0.162
Stop: $0.150
Target: $0.362

 

Source: https://learn2.trade 

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EURJPY Extends Decline Lower Past The Level At 117.08

EURJPY Price Analysis – April 3

The FX cross extends its lower fall into the European session early underneath the price level at 117.08 as the pair resumed lower. EURJPY acceleration downside remains intact, as sellers tend to force down prices. The pair’s potential target will be on the 116.00 marks.

Key Levels
Resistance Levels: 122.87, 121.15, 118.87
Support Levels: 116.12, 115.83, 114.39

EURJPY-Daily-April-3.png

EURJPY Long term Trend: Bearish

EURJPY is sliding towards the lows of 2020, as the pair trades below its key daily 5 and 13 MAs and signals an apparent bearish trajectory. The pattern remains bearish in the larger sense as the cross stays well within the falling channel formed from 122.87 (high) level.

The downtrend will continue to 109.48 (low) level as long as the resistance level holds at 122.87. Continuous 122.87 level break may, however, conclude a double bottom at (115.83, 116.12) levels which may indicate medium to long-term bullish reversals.

EURJPY-4-Hour-April-3.png

EURJPY Short term Trend: Bearish

The emphasis is now on EURJPY support levels of 115.83/116.12. There the definitive break may accelerate the larger downward trend. Next, a relatively close-term goal would be a 100 percent forecast of 122.87 to 116.12 at 114.39 levels from 121.15.

Nonetheless, on the upside, the break of 118.87 minor level of resistance may assert that consolidation from 115.83 level is increasing with yet another upward step. Intraday bias for resistance level of 121.15 may be shifted further to the upside.

Instrument: EURJPY
Order: Sell
Entry price: 117.08
Stop: 117.71
Target: 116.12

 

Source: https://learn2.trade 

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Bitcoin (BTC) Drops To $6,828 After A Sudden Price Spike To $7,283

Key Resistance Zones: $10,000, $11,000, $12,000
Key Support Zones: $7, 000, $6, 000, $5,000

BTC/USD Long-term Trend: Bearish
On March 2, there was a price spike as Bitcoin reached a high of $7,283.50. The bulls could not sustain the upward move as Bitcoin fell to $6,828. The bears are defending intensively the $7,000 overhead resistance. BTC is now fluctuating above $6,800. The bears will further sink BTC if the bulls fail to move up. Bitcoin may fall to the low of the breakout level of $6,400. However, if this level also cracks, the market will further fall to the next support.

BTC-Lear2trade-2.png BTC/USD – Daily Chart

Daily Chart Indicators Reading:
Bitcoin is above 60% range of the daily stochastic. This is given the recent price spike which tested the resistance line of the descending channel. However, if price breaks and closes above the resistance line, there will be a change in the trend. BTC will resume an uptrend.

BTC/USD Medium-term Trend: Bullish
Yesterday, BTC was making an upward move to retest the $7,000 resistance. The price has earlier moved up to $6,800 before the commencement of price spike. The market moved above the resistance level but could not sustain above $7,000 because of the selling pressure.

BTC-Lear2trade4-2.png BTC/USD

4-hour Chart Indicators Reading
The Relative Strength Index has risen to level 66. It indicates that BTC is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the upward move.

General Outlook for Bitcoin (BTC)
Yesterday, Bitcoin rose to $7,283 in a price spike. The bulls could not sustain the upward move because of the presence of sellers at the price level. BTC dropped to a low of $6,800. The price has since been fluctuating above that level.

Instrument: BTC/USD
Order: Sell
Entry price: $6,784.00
Stop: $6,850.00
Target: $6,584.00

 

Source: https://learn2.trade 

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GBPJPY Recovers Momentum Beyond The Level At 134.00

GBPJPY Price Analysis – April 8

The British pound got some momentum and pushed the GBPJPY cross to fresh session highs, above the level of 134.70. The claim that UK Prime Minister Boris Johnson has been reported to be in a stable state, although he continued in ICU, appeared to be the only variable that contributed considerable strength to the pound.

Key Levels
Resistance Levels: 147.95, 138.68, 134.72
Support Levels: 130.49, 127.54, 122.75

GBPJPY-Daily-April-8.png

GBPJPY Long term Trend: Ranging

In the broader context, ongoing development implies that market behavior at a level of 122.75 (low) is simply a horizontal consolidation trend which has been concluded at 147.95 level. Bigger downward trend from level 195.86 (high) and that from level 251.09 (high) may continue.

The 122.75 level break may approach the 195.86 to 122.75 forecast of 61.8 percent from the next level of 147.95 to 102.76. The trend would in any way stay bearish as long as the level of resistance stays at 147.95.

GBPJPY-4-Hour-April-8.png

GBPJPY Short term Trend: Ranging

GBPJPY stays in the corrective increase from the level of 123.99 and the trend remains intact. Another increase may be observed, but the upside would be constrained by a retraction of 61.8 percent from 144.95 to 123.99 at 136.92 levels to restart downward movement.

On the downside, a break of 129.85 minor support levels can alter the downside bias for a low level of 123.94 retests. The sustained break of the level at 137.00 may, nevertheless, improve the chances of trend reversal and shift emphasis to the level of resistance 144.95.

Instrument: GBPJPY
Order: Sell
Entry price: 134.72
Stop: 135.00
Target: 133.39

Source: https://learn2.trade 

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Bitcoin Cash (BCH) Breaches More Resistance Zones, As Bulls Gain More Grounds

Key Resistance Levels: $275, $300, $350
Key Support Levels: $200, $160, $120

BCH/USD Price Long-term Trend: Bullish
Bitcoin Cash has maintained its bullish run as the resistance at $240 and $260 were broken. Unfortunately, BCH reached a high of $280 but was resisted. The bears pulled back to the low of $260. The market is holding above $260 support. On the upside, if the bulls sustain price above $260 and the $280 resistance is broken, BCH is likely to reach a high of $350. On the other hand, where the bulls fail to overcome the current resistance, price will fall to the low above $260.

BCH-Learn2trade-1.png BCH/USD – Daily Chart

Daily Chart Indicators Reading:
Bitcoin cash is above 80% range of the daily stochastic. This means that BCH is in the overbought region of the market. It also means that sellers may emerge at the $280 overbought region. The downward move has already began. Although, the extend of the downward move is unclear. The 26-day EMA is acting as resistance to the coin

BCH/USD Medium-term Trend: Bullish
On the 4-Hour chart, BCH is in an uptrend. BCH is making a series of higher highs and higher lows. BCH has reached a high of $280. The price is retracing from a high of $280 to a low of $260.

BCH-Learn2trade4-Hour-1.png BCH/USD – 4 Hour Chart

4-hour Chart Indicators Reading
BCH has risen to level 54 of the daily Relative Strength Index period 14. BCH is above the centerline 50 which means that it is in an uptrend zone. The moving averages are sloping upward indicating the uptrend.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash has moved closer to the uptrend zone as the market reaches a high of $280.The bulls are yet to break above the current resistance after being resisted twice. The price is currently consolidating above $260 to resume an upward move.

Source: https://learn2.trade 

 

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AUDUSD Recovers Past Level At 0.6350 Alongside Global Stocks

AUDUSD Price Analysis – April 9

The Australian dollar also shifted along with global stocks, as coronavirus outbreaks, particularly in the US, are already reaching a peak. On Thursday, the AUDUSD pair pushed higher and renewed session highs in the last hour, while displaying considerable strength beyond the 0.6350 level.

Key Levels
Resistance Levels: 0.7031, 0.6684, 0.6434
Support Levels: 0.6213, 0.5959, 0.5506

AUDUSD-Daily-April-9.png

AUDUSD Long term Trend: Ranging

In the broader context, the decline in AUDUSD from 0.7031 (high) level is still ongoing. This is part of the greater downtrend from 1.1079 (high) level. The forecast of 61.8 percent from 0.7205 at 0.5506 level of 1.1079 to 0.6878 is now completed.

There the continuous break lays the groundwork to level 0.4773 (low). On the upside, it requires a break of 0.6684 support turned resistance level to suggest medium to long term bottom. Without it, also in the event of a speedy recovery, the pattern can stay bearish.

AUDUSD-4-Hour-April-9.png

AUDUSD Short term Trend: Ranging

Intraday bias in AUDUSD stays upside down as the recovery from the level of 0.5506 indicates progress. Another increase of 0.5506 to 0.6213 from 0.5959 at 0.6434 levels can be seen to be 61.8 percent.

On the downside, the 0.5959 level break would now signify the conclusion of the increase from the level at 0.5506. Intraday bias may be switched back to the downside for a 0.5506 level retest.

Source: https://learn2.trade 

Edited by analyst75
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Litecoin (LTC) Holds Above $40,Battles $42 Minor Resistance

Key Resistance Levels: $70, $80, $90
Key Support Levels: $50, $30, $10

LTC/USD Price Long-term Trend: Bearish
After the bearish impulse on April 13, LTC dropped to $40 low. The selling pressure was caused by price as the pair reached $47 overbought region. Sellers pushed prices down to $40 low. This provides buying opportunities as buyers emerged. It is anticipated that a repeat rebound is likely as price moves up. The market is likely to retest the $47 resistance if a rebound occurs. However, if the bears suddenly break below $40, the coin will drop to $35 low.

LTC-Learn2trade-2.png LTC/USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA is acting as a support for Litecoin. The pair is also at level 46 of the Relative Strength index. It indicates that it is in the downtrend zone and below the centerline 50. There is a tendency for price falling.

LTC/USD Medium-term Trend: Bullish
On the 4 hour chart, Litecoin is in an upward move. Presently, the upward move has been hampered because of the resistance at $47. The bearish impulse has broken the trend line. Technically, the uptrend has been terminated. A fresh upward move has begun if the bulls sustain the momentum.

LTC-Learn2trade.-4-hourpng-2.png LTC/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The 21-day and 50-day SMAs are sloping upwardly to indicate the uptrend. LTC is above 40% range of the daily stochastic. The pair is in a bullish momentum.

General Outlook for LTC
Litecoin is in an upward move after falling to a low of $40. The current support is holding as the market moves up. The uptrend will resume if price breaks above the trend line.

Source: https://learn2.trade 

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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-Lear2trade-3.png 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-Lear2trade-4-Hour-2.png 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 

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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-Daily-April-20.png

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-4-hour-April-20.png

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 

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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-Daily-April-27.png

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-4-Hour-April-27.png

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 

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    • Date : 30th November 2021. Market Update – November 30– Stocks at ups & downs. Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections.   USD (USDIndex 96.00 up from 95.92 low) saw a fresh wave of risk aversion as Treasuries sold off, but cautiously with only a modest back up in yields, & Stocks bounced significantly with the USA100 jumping over 2% intraday with IT a big winner. It closed with a 1.88% gain, with the USA500 1.3% firmer, and the USA30 up 0.68%. Wall Street stocks closed higher as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden. Moderna’s CEO told the FT that existing vaccines will be less effective and that it may take months before modified vaccines are available at scale. #Moderna +12.73% yesterday. US Yields 10- and 30-year rates were up just over 3 bps to 1.51% and 1.859%, respectively, with the 2-year 1bps higher at 0.508% The 10-year is currently corrected -3.9 bp to 1.46%, but it is still in negative territory, at -1.05% on Tuesday, keeping gold’s opportunity cost low. Equities – Topix and Nikkei are down -1.0% and -1.6% respectively, Hang Seng lost -2.3%, the CSI 300 -0.6%, while the ASX outperformed with a modest gain of 0.2%. USOil – down by 2%, drifted to $66.73 – after FT cast doubt on the efficacy of COVID-19 vaccines against the Omicron – expectations are growing that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January. Gold spiked to $1795 – World Health Organization said on Monday carried a very high risk of infection surges. #TWTR was UP 12% pre-market on news Dorsey was leaving as CEO – it closed DOWN 2.74%. The USA100 rose+1.88%. FX markets – Yen rallied (a new flight to safety), Aussie and kiwi slide. USDJPY at 112.94, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – The December 10-year Bund future is up 46 ticks, Treasury futures are outperforming and in cash markets the US 10-year rate has corrected -3.9 bp to 1.46% amid a fresh wave of risk aversion. DAX and FTSE 100 futures are down -1.5% and -1.1% respectively, while a -1.1% drop in the Dow Jones is leading US futures lower. In FX markets both EUR and GBP gained against the Dollar. EGB yields had moved higher against the background of improving risk appetite and a jump in German inflation yesterday, but while Eurozone HICP today is likely to exceed forecasts, central bankers have already been out in force to play down the importance of the number for the central bank outlook and rate expectations. Virus developments will also help to take the sting out of the number. Today – German labour market data, EU Inflation, Canadian GDP and US Consumer confidence are due today. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee at 15:00 GMT. Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.68%) Risk-sensitive currencies slid and safe havens gained. AUDJPY dropped to 80 lows (S2). Currently MAs point rightwards, MACD signal line & histogram below 0, RSI rising above 30 but Stochastic OS. Hence a mixed picture intraday. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 29th November 2021. Market Update – November 29 – Omicron dominates sentiment. USD (USDIndex 96.30) recovers from Fridays slump (95.98), Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid) risk off day. (and a strange carry trade bid for EUR). Weekend news, as Countries block flights and tighten restricts, but first Omicron cases in SA appear mild and hospitalizations have not spiked, has seen a bounce in sentiment and Asian markets. Pfizer suggested it would take 100 days to adapt new vaccine, if required. US Yields 10yr trades up 5.1 bp at 1.52%, after Friday’s slump. Equities – tanked in thin and short day on Friday USA500 -106.84 (-2.27%) at 45941 – USA500.F trades higher at 4639. USOil – collapsed to $67.08 – now up nearly $4 at $71.00. OPEC+ have delayed this weeks meeting by 2 days & likely to delay planned January production increases. Gold spiked under $1780, has bounced to $1795 but struggles to recoup $1800   FX markets – EURUSD now 1.1270, after a +125pip rally on Friday, USDJPY now 113.36, from 115.50 to 113.00 on Friday & Cable back to 1.3325. Overnight – JPY Retail Sales recover but miss expectations (0.9% vs 1.2% & -0.5% last time). European Open – The December 10-year Bund future is down -27 ticks, US futures are also in the red & the US 10-year rate is up 5.1 bp at 1.52%. Stock markets remained under pressure during the Asian part of the session, but DAX and FTSE 100 futures are up 1.2% and 1.3% respectively and a 1.2% rise in the NASDAQ is leading US futures higher. A part reversal of Friday’s flows then as virus developments remain in focus. Travel restrictions are making a come back and the services sector in particular is facing fresh pain, but as Lagarde suggested over the weekend, the impact of Omicron is unlikely to throw economies back to the situation at the start of the pandemic, meaning the overall situation has not really changed. We continue to see the ECB on course to end PEPP purchases on time in March next year, although developments will add to the arguments of those who want to keep the flexibility on the distribution of asset purchases at least for future emergencies. The BoE meanwhile may be postponing the planned rate hike into next year. Today – German regional and national CPIs, Eurozone Consumer Confidence (final), US Pending Home Sales, ECB’s de Guindos, Schnabel, Lagarde, Fed’s Williams, Powell. Biggest FX Mover @ (07:30 GMT) CADCHF (1.00%) The risk-off collapse on Friday 0.7400-0.7200 has recovered to 0.7280. MAs aligned higher, MACD signal line & histogram rising but still below 0 line, RSI 53.80 & rising H1 ATR 0.0018, Daily ATR 0.0062. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Forex Trading is considered to be only profitable, if you have practice Forex Trading, till you have mastered the skills and knowledge to survive in the Forex Market.
    • Though there are many videos available online on Youtube, you cannot actually learn through them, if you don't practice in the Forex Real Market.
    • USDJPY PRICE OUTFLOW IS DRAWN BY SELLERS BACK TO 114.840   USDJPY Price Analysis – November 25 USDJPY price outflow is being held back as a consequence of bears causing opposition to the market influence. The price structure of the market strives to maintain an uptrend configuration under a bullish influence. However, the sellers are causing some resistance in the market, which is causing a hold in the market configuration. Because of this conflict in the market, the outflow of the bulls in the market will be held back to the 114.840 critical level. USDJPY Critical Levels Resistance Levels: 114.840, 112.790 Support Levels: 110.800, 109.100 USDJPY Long Term Trend: Bullish The bullish outflow price structure initially began with the expansive breadth of consolidation. The market was birthed after a strong price expansion before the bullish uprise. The price undulated between the breadth of the 110.800 and 109.100 significant price levels. As a result of this accumulation, the price was then pushed out to higher levels. With the continuation of the market expansion, buyers outflow upward, with the bulls taking hold of the market. Furthermore, price continues to experience more outflows as several structural levels were broken. When USDJPY eventually gets to the 112.790 level, the price resumes its accumulation phase. The market encountered a short phase of expansion before resuming bullish persistence. The price finally breaks through the 114.840 significant level and we expect a withdrawal back to this price level before bullish engagement. The Tensile Strength indicator shows the resilience of the market influence as the market is set to resume its bullish leverage after sellers retreat. USDJPY Short Term Trend: Bearish The 4-hour chart of USDJPY shows the price configuration riding upward following a strong force that broke through the 114.840 critical level. The price is now set in a retreat motion as the price is seen to be pulling away to the 114.840 price level. The Moving Average Convergence and Divergence indicator shows the market’s prevalent direction as the price is set on a pullback course to the 114.840 critical level before bullish outflow.   Source: https://learn2.trade
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