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BITCOIN (BTC) STABLE ABOVE $7,500, SELLERS MAY LIKELY EMERGE

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

BTC/USD Long-term Trend: Bullish
Bitcoin is still consolidating above $7,500 since March 23. The price action is characterized by small body indecisive candlesticks. The candlestick indicates that buyers and sellers are undecided about the next move of the coin. On the upside, if the market decides to go up above $8,000; the momentum will extend to $9,000.

The $8,000 resistance is regarded as the major resistance to be crossed. Bitcoin will have move avenues for price rallies. Conversely, if BTC faces rejection, its initial drop will be to a low of $7,200. Subsequently, the downward move will extend to either $6,800 or $6,600 low.

BTC-Lear2trade-10.png BTC/USD – Daily Chart

Daily Chart Indicators Reading:
Bitcoin’s recent upward move rises to level 59 of the Relative strength index indicating that the coin is in an uptrend zone. The RSI is currently flat as the sideways trend continues. It is also above the centerline 50. The moving averages have indicated a bullish crossover.

BTC/USD Medium-term Trend: Bullish
On the 4– hour chart, the price spike reached the trend line and pulled back above $7,500. The market is fluctuating above 21-day SMA and 50-day SMA. At the end of consolidation, price may break below SMAs or the SMAs may hold. BTC may fall, if it breaks below the SMAs. However, the uptrend will resume, if the SMAs hold.

BTC-Lear2trade4-10.png BTC/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The market reached the overbought region after the price spike. BTC is below 80% range of the daily stochastic. This is in contradiction to the price action as the market is still consolidating. The SMAs are sloping upward.

General Outlook for Bitcoin (BTC)
Bitcoin is still above $7,500, sustained by small body candlesticks describing the indecision of buyers and sellers about the direction of Bitcoin. However, there is a bearish signal of its impending fall.

Source: https://learn2.trade 

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EURJPY EMERGES UPWARD AFTER A REBOUND FROM THE LOW LEVEL AT 114.39

EURJPY Price Analysis –  May 8

Since the prior trading session, the common European currency has risen 77 basis points or 0.67 percent against the Japanese Yen. The currency pair on Friday surpassed the upward moving average of 5. While emerging upwards after a low-level rebound at 114.39, the selling bias in EURJPY stays far in a position which seems to be the likelihood of a broader selloff.

Key Levels
Resistance Levels: 122.87, 119.00, 117.50
Support Levels: 114.39, 113.70, 100.21

EURJPY-Daily-May-8.png

EURJPY Long term Trend: Bearish

Towards the context of rising downward risk, the cross is undergoing another critical contest in the lows of November 2016 in the 113.70 area. Aiming at the wider context, it is anticipated the downside tension may forfeit such traction beyond the initial resistance, now around 117.08 level.

The exchange rate is currently positioned close to a cluster of resistance established by the monthly support and the moving average of 5 at 115.54 level. The EURJPY pair may slip lower within this session if the resistance cluster stays. Though, when the exchange rate rises towards a higher moving average 5 another goal for the price would be in the region of 116.00 level.

EURJPY-4-Hour-May-8.png

EURJPY Short term Trend: Bearish

EURJPY has reached a brief low of 114.85 level, ahead of a 100% forecast of 122.87 to 116.22 from 119.00 at 114.39 levels. With consolidations, the intraday bias is rendered neutral. However, to deliver on another fall, recovery should be restricted underneath the 117.50 resistance level.

On the drawback, the 114.39-level breach may continue a broader downward trend to the 100.21-level estimate of 161.8 percent. In either scenario, the trend may likewise stay bearish as long as 122.87 resistance level stays intact, in the event of a further rebound.

Source: https://learn2.trade 

 

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BITCOIN (BTC) RALLIES TO $10,000, ATTEMPTS TO BREACH THE RESISTANCE AT $10,000

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

BTC/USD Long-term Trend: Bullish
Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the $9,500 price level in February. The bulls are likely to push above the $10,000 resistance but are currently facing resistance.

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

Daily Chart Indicators Reading:
Bitcoin is at level 78 of the daily Relative strength index. This indicates that the market is in the overbought region where sellers are likely to emerge. In some trending markets, the oversold or overbought conditions may not hold. The 21-day SMA and the 50-day SMA are sloping upward.

BTC/USD Medium-term Trend: Bullish
On the 4– hour chart, Bitcoin is in an uptrend. The price action indicates that on April 30, the bulls fail to break the $9,200 resistance. Yesterday, the $9,200 and $9,400 were broken as the market approaches $10,000 resistance. Presently, the bulls are being resisted at the $10,000 resistance. The crypto is retracing and may reach a low of $9,500.

BTC-Lear2trade4-3.png BTC/USD – 4 Hour Chart

4-hour Chart Indicators Reading
BTC is currently above 80% range of the daily stochastic. The price is in the overbought region. The SMAs are sloping upward as Bitcoin continues its rise. Sellers are likely to emerge in the overbought region.

General Outlook for Bitcoin (BTC)
Bitcoin has reached the $10,000 price level. The coin is gaining more bullish momentum as it is expected to hit the $10,500. However, at the moment, the bulls are facing resistance as BTC retraces. The uptrend will resume immediately after the retracement.

Source: https://learn2.trade 

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USDCHF TRADES INSIDE TRIANGLE RANGE GAINING TRACTION FOR A BREAKOUT TOWARDS 0.9800 LEVEL

 

USDCHF Price Analysis – May 15

Through the early European session, the USDCHF pair exchanged with a slight positive bias, though missing any significant follow-through buying and staying constrained beneath weekly highs. Though the level of 0.9800 remains in reach as USDCHF trades inside the triangle gaining momentum for a probable breakout.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9766
Support Levels: 0.9669, 0.9440, 0.9181

USDCHF-Daily-May-15.pngUSDCHF Long term Trend: Ranging
The pair have repeatedly faced opposition from a technical viewpoint, near the triangle’s very critical upside trendline. The price swings also, additionally, seen able to offer solid dip-buying that supports the potential for further gains. Waiting for a steady push beyond the 0.9800 marks would be prudent as well to validate the bullish bias.

The Swissy was last seen trading near the region of 0.9738 as market participants now look to the required momentum for a drive to level 0.9800. If sellers regain control and move underneath the moving average of 5 and 13, immediate support may emerge from the ascending trendline around 0.9700 level and the low-level horizontal support of 0.9669.

USDCHF-4-Hour-May-15.pngUSDCHF Short term Trend: Ranging
USDCHF trade sideways whilst testing the 0.9766 resistance level on the pathway. The view is consolidated with the market being somewhat bumpy at present indicating little or no directional bias.

That being said, a daily closing beyond the resistance level of 0.9766 could encourage more buying and a 0.9800 level retest while a daily closing underneath the level of 0.9700 may be seen as bearish. On the contrary, a test at 0.9902 high level would seek a breach of 0.9800 level.

Source: https://learn2.trade 

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ETHEREUM (ETH) LOSES $200 CRITICAL SUPPORT, MAY ENCOUNTER ANOTHER SELLING PRESSURE

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

ETH/USD Long-term Trend: Bearish
Ethereum has been trading above $200 after a rebound on May 7. However, the king altcoin suffered another setback after a breakdown yesterday. The coin dropped to $180 low but price corrected upward above $185. On the downside, ETH is likely to fall as there is a bearish signal. The market is heading to $180 low and if $180 low cracks, the coin will reach the low of $170. Alternatively, if bulls buy from the dips, a rebound above $180 will propel price to rally above $200.

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

Chart Indicators Reading:
The price has broken the support line and closed below it. This implies that Ether will continue the downward move. ETH is at level 46 of the Relative Strength Index period 14. This indicates that the coin is in the downtrend and it is likely to fall.

ETH/USD Medium-term Trend: Bearish
On the 4 hour chart, price breaks the support levels of $200 and $190 to reach a low of $180. The price is presently consolidating above $180 support level. Presently, the price has resumed a downward move.

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

4-hour Chart Indicators Reading
The 21-day SMA and 50-day SMA are sloping downward indicating the downtrend. ETH is below 40% range of the daily stochastic but the bands are sloping upward. This is contrary to the present price action that is indicating a bullish signal.

General Outlook for ETH
Ethereum is in a downtrend as it trades in the bearish trend zone. Price is approaching $180 support, and ETH will be weakened if the support cracks. The coin will decline to $170 and $150 if the downtrend continues.

Source: https://learn2.trade 

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BITCOIN CASH (BCH) IS CONSOLIDATING, BUT FACES REJECTION AT $250 RESISTANCE

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

BCH/USD Price Long-term Trend: Bullish
Today, Bitcoin Cash is consolidating above $230 but characterized by small body candlesticks. On May 8, the bulls attempted to retest the $280 resistance but were resisted. BCH dropped to $230 low and resumed consolidation. Further upward move has been resisted below $250 high. BCH will fall to $200 low if the bulls fail to break the resistance at $250.

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

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally indicating the price consolidation. BCH is at level 47 of the daily Relative Strength Index. BCH is in a downtrend zone and may likely fall.


BCH/USD Medium-term Trend: Ranging
On the 4-Hour chart, BCH is in a sideways move. The crypto has been in a range bound movement between $230 and $250 since May 10. The bulls find penetration difficult at the $250 resistance level. There is likelihood of continuous price fluctuation until the levels are broken.

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

4-hour Chart Indicators Reading
Bitcoin Cash is above 20% range of the daily stochastic. The stochastic bands are pointing downward and approaching the oversold region. BCH will resume upward move, if the lower price range holds. The coin will further depreciate if the lower price range is broken.

General Outlook for Bitcoin Cash (BCH)
The crypto is in a period of consolidation. The uptrend will resume if price breaks above the $250 resistance. The market will remain in consolidation if the levels remained on unbroken.

Source: https://learn2.trade 

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BITCOIN WITNESSES MILD SELLOFF FOLLOWING A DECADE-OLD ADDRESS’ TRANSACTION

The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was from an early Bitcoin miner or adopter.

What’s interesting to note is that the last time a transaction was made from this era of holders, Bitcoin recorded a 28% jump days later.

Satoshi is believed to own about 1 million BTC. The prospect of him/them selling this holding (in whole or part) could trigger the worst selloff in Bitcoin history and cause serious damage to the crypto industry as a whole.

Yesterday’s event triggered a sharp decline in Bitcoin which caused the crypto to shed about $500 in just an hour. This ‘mini’ selloff is believed to be an overreaction to the news, which means that Bitcoin could be in the process of seeing a steep recovery in the coming hours. Also, considering past occurrences with Satoshi-era transactions, Bitcoin is very likely to witness a massive bull run soon.

IMG_8275.png BTCUSD -Daily Chart

Bitcoin (BTC) Value Forecast — May 21

BTC/USD Major Bias: Bullish

Supply Levels: $9,500, $9,800, and $10,000

Demand Levels: $9,200, $9,000, and $8,800

The sharp decline seen yesterday—induced by the event documented in this article—has put Bitcoin in a precarious zone (below the $9,500 pivot level). BTC is trading at the $9,300 – 400 level at press time and needs to recover above the $9,550 level soon to regain its bullish momentum. Failure to recover above this line, and soon, could send BTC down to subsequent support levels.

 

Source: https://learn2.trade 

Edited by analyst75

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USD/JPY CONSOLIDATES BELOW LEVEL 108, BREAKOUT LIKELY

Key Resistance Levels: 111.000, 112.000, 113.000
Key Support Levels: 104.000, 103.000, 102.000

USD/JPY Price Long-term Trend: Ranging
The pair is currently in a sideways move between the levels of 110 and 108. The Yen was in an uptrend but it is facing resistance at level 108. The pair is on a downward move as a result of the resistance at level 108. The Yen may reach a low of level 106 if the selling pressure continues.

USDJPY-Learn2trade-5.png USD/JPY – Daily Chart

Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally indicating the sideways move. The Yen is currently at level 51 of the daily Relative Strength Index. The Japanese Yen is still in the uptrend zone and above the centerline 50. The market is currently falling after resistance.


USD/JPY Medium-term Trend: Bullish
The USD/JPY pair is trading in a bear market. Recently, the Yen moved up but was resisted twice at level 108. On May 14, A bullish candle body tested the 0.382 Fibonacci Retracement level. As the bullish candlestick tested the 0.382 retracements, the Yen will fall and reverse at 1.618 extension level. This is equivalent to level 106.

USDJPY-Learn2trade-4-Hour-4.png USD/JPY – 4 Hour Chart

4-hour Chart Indicators Reading
The pair is below 80% range of the daily stochastic. This implies that the market is in a bearish market. This is a confirmation to the price action which is indicating bearish signals. The SMAs are also sloping upward indicating the upward move.

General Outlook for USD/JPY
The Japanese Yen is currently in a downward  move after falling from level 108. The market will fall to level 106.800 but if the selling pressure persists, the pair will reach the low of 106. Alternatively, the price will consolidates below level 108 for a breakout.

Source: https://learn2.trade 

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GOLD SUFFERS MILD DECLINE FOLLOWING GROWING US-CHINA TENSIONS

Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset.

Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session.

Stocks, which are generally expected to move in the opposite direction of gold, were trapped in a bout of uncertainty with Chinese stocks suffering serious losses at the open of the session.

According to reports, investors’ risk sentiment declined following China’s decision to formally table national security laws for Hong Kong and Macau as the National People’s Congress opened on Friday. This announcement caused citizens of Hong Kong to take to the streets in protest on Sunday. The protesters were met with heavy resistance from the police who fired water cannons to disperse them.

The tension between the world powers escalated after Chinese Foreign Minister, Wang Yi, said on Sunday night that the US was nearing a ”new Cold War” with China following President Trump’s threat of ‘strong action’ should the proposed law be enacted. This threat was followed by the US Commerce Department blacklisting 33 Chinese entities on Friday.

IMG_8277.png XAUUSD – Daily Chart

Gold (XAU) Value Forecast — May 25

XAU/USD Major Bias: Bullish

Supply Levels: $1,745, $1,763, and $1,797

Demand Levels: $1,722, $1,717, and $1,700

The XAU/USD was met with a soft decline to the $1,720’s level as projected last week. Gold has resumed on its upwards move to the anticipated $1,740 level. However, gold has to stay above $1,722 to confirm its bullish momentum. A break below that level could send the price down to $1,700 – $1,695 levels rapidly. Overall such reality seems very unlikely for gold in the time being.

 

Source: https://learn2.trade 

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EURUSD CONFRONTS A LARGER BARRIER AT 1.1257 LEVEL WHILE EXITING OVERBOUGHT POSITIONS

EURUSD Price Analysis – June 4

EURUSD ‘s latest dip from a high of 1.1257 while vacating overbought positions to a level of around 1.1200 could pave way for the rally to recover. In recent days the awaited announcement of the ECB ‘s decision has risen and improved the euro – potentially putting the FX pair higher.

Key Levels
Resistance Levels: 1.1495, 1.1366, 1.1257
Support Levels: 1.1020, 1.0870, 1.0635

EURUSD-Daily-June-4.pngEURUSD Long term Trend: Ranging
After seven daily progressions in a row, ranging at 3-month highs in the previous session’s level of 1.1257, EURUSD is now under some downward pressure and falling to the sub-1.1200 area. Sellers in the pair moved in following conditions of overbought (according to daily RSI).

The pair is presently declining 0.27 percent at level 1.1203 and confronts initial support at level 1.1020 followed by level 1.0950 and eventually level 1.0870 (low). On the contrary, a 1.1257 (high) level breakthrough may aim 1.1366 (high) inching closer to 1.1458 (high) level.
EURUSD-4-Hour-June-4.pngEURUSD Short term Trend: Bullish
On the 4-hour chart, the Relative Strength Index has fallen underneath 70, exiting overbought conditions. Momentum stays upside-down and the pair shifts between the 5 and 13 moving average. Resistance lies at level 1.1236, a necessary step on the way to the top in the last few days, leading to a new high of 1.1257 level.

The next significant level to note is level 1.1366 as seen on the daily chart. Short term support beckons at a level of 1.1183, a support line in recent days, trailed by a level of 1.1146, a high swing from April, and also a range sealer.

Source: https://learn2.trade 

                 

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EUR/CHF APPROACHING THE OVERBOUGHT REGION, SELLERS MAY EMERGE

 
Key Resistance Levels: 1.09000, 1.10000, 1.11000
Key Support Levels: 1.05400, 1.05200, 1.05000

EUR/CHF Price Long-term Trend: Bullish
EUR/CHF pair is in an uptrend. The pair rebounded at the low of 1.05000 to resume an upward move. A correction candle body tested the 0.618 Fibonacci retracement level. This indicates that the pair will rise and reach  level 1.618 Fibonacci extension level. This is at the price level of 1.07500. However, the Relative Strength indicates that the market has reached the overbought region. This pair may likely fall.
EURCHF-Learn2trade-1.png EUR/CHF – Daily Chart

Daily Chart Indicators Reading:
EUR/CHF is at level 78 of the Relative Strength index period 14.
EUR/CHF has reached the overbought region. Sellers may likely emerge to push prices down. The 50-day SMA and 21-day SMA are sloping upward indicating the bull market.


EUR/CHF Medium-term Trend: Bullish
On the 4-hour chart, the EUR/CHF pair was earlier in an uptrend. The pair has reached level 1.08055 and approaching the overbought region. The pair may be resisted at a high of level 1.08500.

EURCHF-Learn2trade4-Hour-1.png EUR/CHF – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMA are sloping upward indicating the uptrend. The pair is above 80% range of the daily stochastic. EUR/CHF pair is now in the overbought region. The 21-day SMA crosses over the 50-day SMA indicating the uptrend.

General Outlook for EUR/CHF
EUR/CHF is an upward move but approaching the overbought region. It is likely to reverse and resume a downward move.

Source: https://learn2.trade 

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SILVER PRICE: XAGUSD UPSIDE BIAS STAYS BULLISH PAST $17.63 LEVEL

 

XAGUSD Price Analysis – June 10

SILVER finished at $17.53 on Tuesday and lost $22.0 (-1.22 percent). That being said, in today’s session, Silver (XAG) is growing as anticipated while buyers are about to challenge upside barriers at the $17.90/$18.00 level. As the market is steaming up and trading high back to the days before.

Key Levels
Resistance Levels: $19.65, $18.94, $18.20
Support Levels: $17.25, $16.72, $15.84

XAGUSD-Daily-June-10.pngXAGUSD Long term Trend: Bullish
The pair closed lower but above the opening of the preceding day creating a bearish Harami Candle after moving lower in the corresponding session. Prices have risen back up but still below the $18.20 level main technical barrier, which is likely to serve as a forward-looking resistance.

The market may again run into bears at the level of around $18.20 for the third time in a row after finding sellers in the same area in previous sessions and at $18.37 a few days ago. The last time this happened on June 2, on the very next trading day, SILVER ended up losing about 3 percent.

XAGUSD-4-Hour-June-10.pngXAGUSD Short term Trend: Bullish
Silver price bounced from $17.63 level on the 4-hour time frame, up 1.30 percent on a day, as seen Wednesday during the European session. Even so, a bullish technical structure of a rising trend is yet to be confirmed by the white metal, on the four-hour chart to validate further buying.

On the other hand, the pair is supposed to find support at $17.63, and a decline through might take it to the next level of support at $17.25.

Source: https://learn2.trade 

 

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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.

USDCAD-Learn2trade-1.png 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.

USDCAD-Learn2trade-4-Hour-1.png 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 

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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.

IMG_8309.png 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 

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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.

AUDJPY-Learn2trade-3.png 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.

AUDJPY-Learn2trade4-Hour-4.png 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 

                 

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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-Daily-June-21.pngGBPJPY 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-4-Hour-June-21.pngGBPJPY 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 

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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.

USDJPY-Learn2trade-7.png 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.

USDJPY-Learn2trade.4-Hour-png.png 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 

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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.

IMG_8324.png 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 

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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.

EURCHF-Learn2trade-10.png 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.

EURCHF-Learn2trade4-Hour-8.png 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 

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AUDUSD CONTINUES TRADING BENEATH 0.7000 LEVEL

AUDUSD Price Analysis – July 9

The AUDUSD pair retreated to level 0.6950 after failing to rise above 0.7000 level earlier in the week. Despite the growing number of confirmed infections with coronavirus in the US, increased optimism about a vaccine allows market sentiment to remain upbeat.

Key Levels
Resistance Levels: 0.7205, 0.7064, 0.7031
Support Levels: 0.6938, 0.6777, 0.5906
AUDUSD-Daily-July-9.pngAUDUSD 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-4-Hour-July-9-1.pngAUDUSD 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 

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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.

EURGBP-Learn2trade-2.png 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.

EURGBP-Learn2trade-4-Hour-2.png 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 

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16 hours ago, mitsubishi said:

And now... the weather

(yesterday)

It was fkn raining all day

 

Source:Learn2explainyesterdayscharttopeoplewhocan'ttrade

I missed your unnecessary insults. I'm happy to see covid-19 didn't diminish your unnecessary bad attitude.

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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.

USDCAD-Learn2trade-2.png 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.

USDCAD-Learn2trade-4-Hour-2.png 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 
 

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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.
download-3-4.pngThere 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 

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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-Daily-July-20.pngXAGUSD 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-4-hour-July-20.pngXAGUSD 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.

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    • Date : 26th October 2021. Market Update – October 26 – Bonds and stocks rallied to start the week. USD (USDIndex 93.89) – first rate hike was pushed up to June, with two quarter point tightenings priced in for 2022. Wall Street firmed too on the back of strong earnings with more new record highs on the USA500 and the USA30. Also underpinning sentiment are expectations that the fiscal package will make it out of Congress. Fed Chair Powell warned that inflation could be higher and more persistent than previously expected. US Yields – 10yr backed up 0.9 bp overnight to 1.64%. Equities mixed – USA100 paced the advances though, climbing 0.9% amid support from the slip in yields – 4582. USA100 bounced to 15602. Facebook reported mixed third quarter earnings on Monday, slightly missing revenue estimates but continuing to grow its user base. FB +2%. TSLA (+12.6%) joins the$1 trillion market cap group after 11 yrs – took AMZN 22 yrs. It’s bigger than the combined value of the next 9 biggest car makers but it sells less than 1% of world car sales. Elon Mush added $36BN to his net wealth yesterday alone. UBS beats on revenue – but sales are mixed. USOil holds up again on supply concerns & trades close to 7-year highs at $82.50. Gold spiked at $1808. FX markets – EURUSD 1.1600, Cable bounced 1.3778, USDJPY – reversed from 113.97 highs to PP at 113.86. European Open The December 10-year Bund future is down -20 ticks at 168.45, underperforming versus US futures, although in cash markets the US 10-year rate is down from overnight highs, but still up 0.4 bp at 1.63%, as a 0.5% gain in the USA100 is leading US stock futures higher. GER30 and UK100 are posting gains of 0.2% and 0.1% at the moment, after a somewhat mixed session across Asia. Today – Upcoming central bank decisions will remain in focus, with ECB and BoJ set to announce their decisions on Thursday. Earnings: Microsoft, Alphabet, Visa, Eli Lilly, Novartis, Twitter, General electric, UBS, Robinhood. Today’s economic calendar will be of interest as well, and features October consumer confidence and September new home sales. Biggest FX Mover @ (06:30 GMT) NZDJPY (-0.28%) Reversed overnight gains from 81.88 high tp currently 81.50 area. Faster MAs, RSI & Stochastic turned lower, while in contrast MACD signal line & histogram keep rising, implying to a potential limited pullback. 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 : 25th October 2021. Market Update – October 25 – Big Earnings Week Ahead, USD Cooler. USD (USDIndex 93.50) cools a tad & again tests 4-wk low (93.44). PMIs biased to the upside as Powell talked taper but no rate rises yet, Democrats narrowed their differences on the $3.5b infra bill & Yellen talked new taxes. Yields hold up, Equities mixed Friday, FUTS down. Big week for Earnings – Oil up again on supply concerns, gold back to $1800. Evergrande – Restarted 10 building projects over weekend, announced move away from real estate towards EV production. US Yields (10yr closed higher at 1.665) & – now 1.6500% Equities mixed – USA500 -4.88 (-0.11%) at 4544 (NASDAQ –0.82%) – Big movers – SNAP -26.59% & INTEL -11.68%; Big Earnings misses, FB -5.05%, GOOGL & AMZN –3%, TSLA +1.75% – USA500.F back to 4540. Asian equities weaker. USOil up again on supply concerns & trades close to 7-year highs at $83.00 Gold very volatile Friday ($1782-$1813-$1793 on close) Back to pivot at $1800 now. FX markets – EURUSD 1.1650, Cable 1.3770, & USDJPY – (after a strong day on Friday (113.40 low) now at 113.60. Week Ahead Earnings from 5 x tech giants (FB today), plus major European Banks. Policy meetings from the ECB, BoJ & BOC, economic data includes US Q3 GDP & PCE. Plenty of CB speak, the UK Budget and month end too. European Open December 10-yr Bund future up 23 ticks at 168.51. DAX & FTSE 100 futures up 0.15% & 0.25% respectively. Inflation risks remained in focus as oil prices continue to climb higher while bottlenecks in supply chains lead to rising cost pressures. The combination already weighed on manufacturing PMIs last week & are likely to also depress the German Ifo confidence reading today ahead of Thursday’s ECB meeting. Fed Chair Powell signalled on Friday that inflation could stay higher for longer & that the taper is coming. ECB by contrast has pushed decisions on PEPP & APP back to the December meeting, which means this week’s ECB will be watched mainly for signals from Lagarde at the press conference. TToday – German IFO and BoE’s Tenreyro. Earnings: Michelin, Facebook, Restaurant Brands. HSBC surprises with 74% rise in Q3 profit and $2bln buyback. Biggest FX Mover @ (06:30 GMT) AUDJPY (+0.45%) Recovering from a strong day run fro JPY last week. Up from 84.50 tlow on Friday to test 85.00 now. Faster MAs aligned higher, MACD signal line & histogram rising, RSI 51 & neutral. H1 ATR 0.189, Daily ATR 0.817. 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.
    • Date : 21st October 2021. Market Update – October 21 – Stocks & USD slip on big Earnings Day. USD (USDIndex 93.55) cools a tad and again tests 2-week low (93.47) Yields stronger again, Equities closed up, but FUTS are down (Nikkei -2% on stronger YEN and Yuan). Big day for Earnings – TESLA beat but revenue numbers disappointed some. Oil up on drawdown. Evergrande – Bad News $1.7bn sale of 51% of HK unit to Hopson OFF, $1.7bn sale of HK HQ OFF, $83.5m coupon default triggers tomorrow. Good News $260m bond coupon, extended by 3 mths US Yields (10yr closed higher at 1.63) & – now 1.6533% Equities moved ground higher USA500 +16 (+0.74%) at 4536 (NASDAQ –0.05%) – Big movers – Verizon +2.41% & ABBT +3.3% (PayPal – 4.91%) – USA500.F back to 4500. Asian equities weaker. New VIX contract at +1.49% at 19.60 USOil up on drawdown n strong demand at $82.00 after EIA inventories showed -400K vs build of 2.1m Gold holds at 4-day highs – $1785 FX markets – a recovering USD – EURUSD 1.1646, Cable down from 1.3830+ to 1.3800, & USDJPY – off 4-year highs and pivots at 114.00. European Open The December 10-year Bund future is down -16 ticks, US futures are also in the red. DAX and FTSE 100 futures are both down -0.45 and US futures are also in the red, with the NASDAQ underperforming again, after already closing slightly lower yesterday. Indices remain at high levels, but tapering concerns, the global energy rout and supply chain concerns are capping the outlook for global growth. Markets will continue to watch earnings reports and central bank comments, especially in the UK where officials clearly are laying the ground for an early lift off. Meanwhile the announcement of Weidmann’s departure has raised hopes that the ECB will push even more to circumvent the no-bailout clause permanently – after the end of PEPP, which already helped BTPs to outperform yesterday. Today – US Initial Jobless Claims, Philadelphia Fed Business Index, Existing Home Sales, EZ Consumer Confidence, EU Council Meeting, Fed’s Daly, Waller, RBA’s Lowe, Earnings: AT&T, Intel, American Airlines, Southwest Airlines, ABB, (bottleneck problems) Vivendi, Hermes, (beat) Pernod Ricard,(beat) Barclays, (Revenue big beat) Unilever (Sales miss). Biggest FX Mover @ (06:30 GMT) AUDJPY (-0.50%) Rejection of 86.25 this morning as Yen lifts after a very weak October. Faster MAs aligned lower, MACD signal line dips and & histogram slips significantly lower, RSI 40.00 off OS level, H1 ATR 0.189, Daily ATR 0.817. 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.
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