analyst75

GBPUSD Price: Following Recouping From The Low, British Pound Anticipates Upward Momentum GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes off towards the level of 1.3185, and then possibly even the level of 1.3301 depending on the extent buyers push the FX pair. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support Levels: 1.2768, 1.2582, 1.1958 GBPUSD Long term Trend: Bullish In the longer term, the increase from the level at 1.1958 is viewed as consolidation from beneath. A new advance towards resistance on the level at 1.3301 may be seen. At the moment, this may continue to be the preferred scenario as long as the level at 1.2582 resistance turned support stays intact. However, the firm break of the level at 1.2582 may shift the target towards the level at 1.1958 low and further beneath. The outlook stays bullish, displaying an intact uptrend in the short and long-term. GBPUSD Short term Trend: Bullish GBPUSD remained in consolidation since hitting the level at 1.3012 in the prior week while the trend is unaltered. The initial bias may stay neutral initially for this week. The retracement may be limited by the level at 1.2768 support. Although on the positive side, the break of the level at 1.3012 may reactivate the entire rally from the level at 1.1958. However, the break of the level at 1.2768 may advance a further plunge to the level at 1.2582 resistance turned support. Source: https://learn2.trade

The 419 plan is that you send money to get 100% profits of what you send in less than 50 minutes. They ask you to send more money once you send first amount. They don’t have any website. Even if they do, they can pull it down. They have no physical office. They claim you cannot comment cause of spamming, but they often remove members (who can’t comment). Needless to say, those members have been scammed or realized they’re criminals and instead, they think his presence in the group is no longer needed. They appear religious. They use multiple phone numbers belonging to part of their groups to give fake testimony, to deceive people. Alerts shown are money from fools who send money to them. They’re not from investors who get paid. You join them or they add you. People should start massive campaigns against these idiots who come in different investment names. The public should be warned. TO REITERATE This is a scam. They have duped many people.... Promising to double their money everyday. If this was possible, every Nigerian would be rich. They are smart liars and a group of fraudsters, who will do everything possible to convince you they're genuine and God-fearing. Once they collect your money, they remove you from their group. You can't even comment so that others won't know they're criminals. Those who share fake testimonies are part of a large group of the scammers... And they're the ones that can post.. In order to deceive people that this is real. The alerts they show you are actually alerts of funds sent by their victims (mumus/magas, who want to become rich by having their monies doubled). They're now targeting WhatsApp, Telegram, Facebook and Instagram, looking for victims to join them. The go as far as hacking social media accounts so that they can deceive and lure your friends and family by posting the scam business, as if you had tried and trusted them (thus ruining your reputation). Now ask yourself, would a legitimate business hack people’s accounts so that they can get more clients? Would they add you to their groups without your consent? They have no websites and no offices... Sometimes, their written English is terrible. Even if they do, they can always pull the websites and move offices and remove their SIMs. You can only PM the admin that will eventually block you once they succeed in stealing your money. And they are desperately looking for more victims. Please run for your life.

This is another scam business on a WhatsApp group. Their WhatsApp number is: +234 706 194 7833 They will look for your number and add you to their WhatsApp group without your permission. They will then ask you to leave the group if you don’t like what they’re doing. The moderators are maniacal criminals who would quickly remove you from the group if you ever question what they do, and also private message you to abuse you (PM, DM, PC). Unlimited 100% Fixedgame promises to give you numbers that win sports bets 100% of the time. They say you cannot lose because they have access to secrets of fixed matches. But you need to send money to get the numbers to do sports betting games. Send money to them at your peril… They remove you quickly from their group afterwards. Mission accomplished. If they know numbers that could win 100% of the time, why can’t they and their family only play the game and become rich? Why must they spend a lot of time and energy persuading people to be rich? These scoundrels use many means to dupe people, but it boils down to, “SEND MONEY TO RECEIVE MONEY.” They have many cousins, like Assured Wealth Management, Lavita Ricca Investment, and others. This is more info about them: https://www.nairaland.com/5169885/assured-wealth-management-latest-scam https://www.nairaland.com/5028627/how-got-scammed-10k-lavita

USDCHF: Upside Momentum Attempt At Parity Losses Steam, Running Into Sellers USDCHF Price Analysis – November 26 The USDCHF reached a new daily high of the level at 0.9987 at the start of the European session but failed to maintain momentum as investors refrained from taking important positions pending further developments on the trade dispute between the United States and China. At the time of writing, the pair was up 0.07% on the day on the level at 0.9970. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0027 Support Levels: 0.9869, 0.9798, 0.9659 USDCHF Long term Trend: Bullish Overall, only the medium-term trend stays neutral, with USDCHF remaining in the range of the level at 0.9659 / 1.0231. In all cases, a decisive break of the level at 1.0231 is needed to indicate a recovery of the uptrend. Otherwise, a more parallel trend may lead to another plunge. Meanwhile, the support break of the level at 0.9890 may instead target support on the level at 0.9841. The outlook is bullish, displaying yet an intact uptrend in the short and long-term trend. USDCHF Short term Trend: Bullish The USDCHF is losing ground from the upside, as shown by the 4-hour RSI. But with minor support intact on the level at 0.9949, the intraday bias stays slightly higher. Consolidation starting on the level at 1.0027 should end at the level at 0.9869. A new advance may be seen to test the level at 1.0027 again first. While a break there may resume its total advance from the level at 0.9659 to retracement from the level at 1.0237 to 0.9659 to 1.0126. On the flip side, a break of the level at 0.9949 minor support may tip the balance forward to extend the consolidation with another foot down. Instrument: USDCHF Order: Buy Entry price: 0.9964 Stop: 0.9890 Target: 1.0231 Source: https://learn2.trade

Bitcoin SV Makes Upward Corrections But Struggles To Push Price Above $110 Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 BSV/USD Long-term Trend: Bullish Bitcoin SV is making a surprising upward move after surviving a downtrend from the overhead resistance at $150. The coin fell to a low of $92 and commenced a bullish move. The price upward move can be sustained if the bulls overcome the initial resistance at $115 and $ 120. Presently, the coin is trading at $108, attempting to break above the previous low in July. In July, the previous low was supported as the market moved up to the $180 price level. Today, the previous low is a resistance level, the price has to break above that low and close. However, BSV will fall to the low of $80, if the bulls fail to break the initial resistance levels. Daily Chart Indicators Reading: Bitcoin SV is in a bullish momentum above 20% range of the daily stochastic. The market is expected to rise and revisit the previous high of $140. The rise of BSV is depended upon the bulls breaking above the 21-day and 50-day SMAs. The price will be in the bullish trend zone if the price is above the SMAs. BSV/USD Medium-term bias: Bullish On the 4-hour chart, the price tested the support above $92 before embarking on the bullish movement. The formation is in the form of a bullish double bottom indicating that the coin is likely to rise. The coin is expected to rise above the $120 and retest the overhead resistance at $140. 4-hour Chart Indicators Reading There are prospects of the coin rising because the price is above the 21-day and 50-day SMAs. The RSI period 14 level 53 indicates that price is above the centerline 50 which means Bitcoin SV is in a bullish trend. General Outlook for Bitcoin SV (BSV) Bitcoin SV is in a bullish momentum. All the indicators are showing signs that BSV is in a bullish trend except the moving averages. On the daily chart, the price bars are still below the 21-day SMA and the 50-day SMA meaning that the coin is the bearish trend zone. The 50-day SMA is acting as a resistance to BSV. However, the coin will be in an uptrend once the price is above SMAs. BSV Trade Signal Instrument: BSVUSD Order: buy Entry price: $105 Stop: $92 Target: $140 Source: https://learn2.trade

EURUSD Is Dominated By The Bull Market Throughout As The Pair Seek To Recover EURUSD Price Analysis – November 18 The bulls had full control today, moving the market up during the entire European session as the FX pair confirmed its breakout past the high of the prior session after trading up to 1.1068 above during the day. Key Levels Resistance Levels: 1.1501, 1.1412, 1.1278 Support Levels: 1.0989, 1.0879, 1.0780 EURUSD Long term Trend: Bearish EURUSD at the moment, the rebound from the 1.0879 level is initially seen as a remedy and, in the case of a further increase, the increase may be contained by the level at 1.1412 retracements from the level at 1.0879. Although the downward trend from the 1.1501 (high) level may resume later. However, the sustained plunge from the 1.1412 level may change this bearish position and lead to a greater increase in the retracement to the level at 1.1501. EURUSD Short term Trend: Ranging The EURUSD intraday bias stays neutral for the initial position and a further plunge is anticipated as long as the resistance remains at the level at 1.1073. Also, the corrective rebound from the level at 1.0879 is expected to end at 1.1501. Meanwhile, past the low of the level at 1.0989, the bias will be revised downward to repeat the low of the level at 1.0879. However, the breakout of the level at 1.1073 may soften this bearish trend and push up the bias for the level at 1.1175. Instrument: EURUSD Order: Buy Entry price: 1.1073 Stop: 1.0989 Target: 1.1412 Source: https://learn2.trade

0X (ZRX) Continues To Disappoint Investors Key Resistance levels: $0.30, $0.35, $0.40 Key Support Levels: $0.20, $0.15,$0.10 ZRX/USD Price Long-term Trend: Bearish The ZRX/USD pair is in a downward move after the market retests the $0.30 price level. In October, the coin was in a bullish move and tested the $0.35 resistance level. The bulls tested the $0.35 price level again and formed a bearish double top. With the formation of the bearish double top, the coin fell to the support line of the channel. The bulls may a retest at the $0.30 price level and resumed the downward move. The market has fallen to a low of $0.27 and it is consolidating above that level. This was the previous low in May. However, if the price breaks below $0.27, the pair will drop to a low at $0.20. Nevertheless, if the $0.27 support holds, the price will move up. Daily Chart Indicators Reading: The price has fallen to the support of the 50-day SMA and if the 50-day SMA holds, the 0x will move up to retest the resistance level. The RSI period 14 level44 indicates that the price is in the range-bound zone. ZRX/USD Medium-term bias: Ranging The bulls move up to test the resistance at $0.35 on two occasions and commenced a sideways move. The coin is fluctuating between the levels of $0.27 and $0.35. Nevertheless, the bears tested the support line and rebounded. The pair is likely to continue with the sideways move. 4-hour Chart Indicators Reading The 21-day SMA and 50-day SMA are trending horizontally indicating that price is in a sideways move. The stochastic indicator is above the 40% range indicating that price is in bullish momentum. General Outlook for 0x The ZRX/USD pair is in a downward move but the price is ranging above the $0.27 support level. After the sideways move above $0.27 and if the bears break below the support level, the selling pressure will resume. 0x Trade Signal Instrument: ZRXUSD Order: Buy Limit Entry price: $0.25 Stop: $0.20 Target: $0.35 Source: https://learn2.trade

EOS Begins A Gradual Rally; Can It Reach The Resistance Level At $6? Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2,$1 EOS Price Long-term Trend: Bullish EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up the price ladder. Previously, the bulls have successfully prevailed over the downtrend line as the coin moves up. Similarly, if the current resistance level is surmounted, the coin will move up again to either $4.60 or $5 price level. Nonetheless, if EOS fails to move up, the coin will fall and find support at $3.20. EOSUSD - Daily Chart Daily Chart Indicators Reading: The RSI period 14 levels 58 signify that EOS is falling and approaching the sideways trend zone. EOS is at the point of a bullish crossover which means that EOS may rise. The downtrend line has already been broken as the market went up. It is unlikely for the selling pressure to resume and price fall below the downtrend line. If it does price may retrace to a low of $ 3.20. EOS/USD Medium-term bias: Bullish On the 4-hour chart, the EOS fell to a low of $2.60 in September and October to resume a bullish move. In September, the market went up but was resisted and it dropped to another low at $2.60. At this low, a trend line is drawn to establish the level of price movement. The uptrend is said to be continuing if the price makes higher highs and higher lows. Nevertheless, if the market falls and breaks below the trend line, the uptrend is said to be ended. EOSUSD- 4-Hour Chart 4-hour Chart Indicators Reading EOS is below 40% of the stochastic indicator signifying that price is in a bearish momentum. The EMAs are trending upward suggesting that EOS is rising. General Outlook for EOS EOS is in a bullish market. At a low of $2.60 in September the bull market was short-lived as it was terminated at $3.20 price level. The bulls embarked on another bullish move in October but faced another resistance at $3.70 after breaking the initial resistance at $3.20. As already indicated in the price analysis, EOS may move up, if it takes care of $3.70 price level. However, on the 4-hour chart, if EOS pulls back and breaks below the trend line, the market will drop again. EOS Trade Signal Instrument: EOSUSD Order: Buy Entry price: $3.40 Stop: $2.50 Target: $6.0 Source: https://learn2.trade

Tips On How Best To Handle Bitcoin Market Crashes In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take? Below are a few things an investor can do to weather the storms of a market crash. Maintain a Calm State of Mind Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions must be in check at all times. Allowing your emotions to cloud your judgment in unfavorable market conditions is never the best option and in most cases, ends in disappointment and regrets. What you should do instead is take a break, evaluate what is happening and make logical decisions. Most times, it is best to do nothing rather than taking an action that might end up going against you. Try Not to Obsess Sitting in front of your screens all day is not going to change anything happening in the markets. Spending time making analysis and plotting charts is fine, but don’t waste hours obsessing over the predicament you might be facing. It is advisable to engage yourself with something more constructive. However, if you still have to trade, select a limit order and move on to something else. Do Not Lose Focus of the Main Aim The fact that Bitcoin may be facing a crash at a time does not mean that the overall demand for Bitcoin is gone, it is usually just a temporary downturn. The crypto market possesses the most assorted investor base of any other sector, it is safe to say that the market will almost certainly bounce back. Always adhere to your trading strategy. Do not let the current situation drive you to make drastic trading decisions only for the market to turn around days later, causing you further losses or opportunities. The crypto market is an extremely erratic playing field and huge plunges and rallies are always expected. Source: https://learn2.trade

FTX Crypto Derivatives Exchange: The New Trend In Future Options Trading With a growing demand for crypto derivatives trading, new crypto derivatives exchange platforms are now emerging. Derivatives trading, account for more than half of 24-hour trading volumes recorded. The new chip on the block is FTX, crypto derivatives exchange from FTX trading ltd, a company based in Antigua and Barbuda. More on FTX FTX crypto offerings consist of futures, FTT token which is leveraged and OTC trading. It has created a niche for itself by its leveraged token and trading indices. Though quite new, trades recorded on it may not have been substantial, but analysts believe with the variety of crypto offerings it’s giving, it may soon witness phenomenal growth. Recently, FTX brought on board its trading indices, eight well-known cryptocurrencies that are China-linked. These are BTM, IOST, NEO, NULS, ONT, QTUM, TRX, and VET. FTX has also built a name for itself in China despite china’s anti-crypto stance. The coins will be available to traders as a perpetual futures contract while providing a leverage time value of more than a hundred. Listed on its platform for futures trading are major cryptocurrencies and index coins like Bitcoin(BTC), Ethereum(ETH), Litecoin (LTC), Ripple(XRP), Altcoin Index, Midcap Index, Shitcoin Index, and Exchange Token Index. FTX Features FTX gives you ‘leverage’ on your capital with its leverage time value of more than a hundred. Its futures contract has a time tenure of the current quarter, next quarter and a perpetual future(DRGN-PERP). FTX futures are Stablecoins-settled so this allows you to make deposits with Stablecoins while capturing your profit and loss(PNL) also. Thus, no need for bank account linkage. Flexible collateral which may be Stablecoins or fiat currency. No deposit or withdrawal fee. Low trading fees that target the high volume user. Bonus for sign up through referrals for its users. Being backed by Alameda Research, a top cryptocurrency liquidity provider, FTX has access to top order books. Various payment methods in the form of deposits like TUSD, USDC, PAX, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tether, Stablecoins and others which are FTX recognized are accepted on its platform. FTX index futures contracts are the first of its kind. FTX also offers its users the ability to activate 2 Factor Authentication (2FA) using Authy or Google Authenticator. FTT: FTX Leveraged Tokens Its Leveraged Tokens are ERC20 tokens that help users manage risk while reinvesting profits back into the asset being traded. Is FTX Legit? Not much can be said as regards this since it is still new but there have not been any regulatory violations or theft cases since its inception. However, details about the FTX method of storage of user funds are relatively unknown. FTX Verification The need for verification may arise for withdrawals above a thousand USD and for users who wish to increase their withdrawal limits. For this, an identity proof document with proof of address, ID document, the scanned front and back with a picture tagged “FTX” and date may be required. Ending FTX Exchange has created a niche for itself although it is advised for users to use the online tool and learn more to make the best choice of any trading tool or exchange. Source: https://learn2.trade

Latest Releases May Push Recovery Past The Level At 1.30 Handle: What Next For GBPUSD? GBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as the sellers took control ending the day below its opening price. As the new session begins, the 1.3000 level is critical and may limit a further advance. Key Levels Resistance Levels: 1.3301, 1.3185, 1.3012 Support Levels: 1.2582, 1.2195, 1.1958 GBPUSD Long term Trend: Bullish In the longer picture, the present scenario affirms the case of medium-term bottoming on the level at 1.1958. However, at this stage, the rise from the level at 1.1958 is seen as consolidating from the previous fall. And a further advance may be seen back towards 1.3301 resistance. As of now, this scenario may stay as the likely trend in as much as the level at 1.2582 resistance turned support is intact. Although the GBPUSD displays a short-term downtrend, its likely a correction, as both the medium and long-term trends are still bullish. GBPUSD Short term Trend: Ranging On the 4-hour time frame, the bias stays neutral before the next open as the GBPUSD is staying in consolidation from the level at 1.3012 from the last session while the outlook is unchanged. Meanwhile, in the event of another retracement, the downside may be contained above the level at 1.2582 resistance turned support to effect another advance northwards. On the upside, the break of the level at 1.3012 may further its advance from the level at 1.2195. Source: https://learn2.trade

Malta’s Financial Authority Raises Alarm Of New Scam According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past. The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which seems to be displaying similar deceptive properties as another known as ‘Bitcoin Revolution’. The MFSA has already released 2 public warnings this year on Bitcoin Revolution. The report points out that these scam projects seem to always reappear on the internet as ads, after changing their labels to shield them from getting spotted. The regulatory authority stated that the ads sold fake promises like “a way to build your life better” and “a unique opportunity for Maltese”, and directed the public to a precise webpage where the fake ads were being sold. As a disclaimer, the MFSA has said that Bitcoin Future is not recognized as a legal corporation in Malta, does not have permission to deliver financial services in any way to the country, and does not conform to the transitory provision concerning Article 62 of the Virtual Financial Act of Malta. To sum it up, the regulatory body has said that Bitcoin Future seems to be a global “get-rich-quick” scam and has advised its citizens to desist from engaging with it and that those who do would be doing so at their own risk. The report also consisted of a link to an authorized list of financial entities that have been certified by MFSA, and procedures to identify if a service provider is a scam or not. New Strategy and Alliance by the MFSA In September, the MFSA broadcasted a scheme for vigorously monitoring and managing risks on cryptocurrency corporations. The strategy, which will span from 2019 through 2021, disclosed that the regulatory body plans on upgrading their approach and will be working directly with the Financial Intelligence Analysis Unit, also with other global authorities. Sometime this year, the MFSA contacted CipherTrace, a blockchain security corporation, to oversee cryptocurrency-related activities in the country and to battle fraudulent activities and terrorism financing. Source: https://learn2.trade

Fall Reversal On The EURJPY After Tumbling Below The Key Technical Support Level At 120.35 EURJPY Price Analysis – November 1 EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following trading session. Key Levels Resistance Levels: 127.52, 125.23, 123.37 Support Levels: 119.11, 117.08, 115.86 EURJPY Long term Trend: Ranging In the EURJPY longer-term picture, the present scenario reinforces the idea that a medium-term bottom is formed around the lower horizontal zone at the support on the level at 117.08, on a bullish structure trendline in daily outlook, above the level at 115.86 critical support. However, a decisive break of the level at 120.78 support turned resistance may reinforce this case and bring further advance to the falling outlook resistance presently on the level at 125.23. The FX pair displays weakness for the time being (as per its long term downtrend) with just the medium-term pattern as yet being bullish. EURJPY Short term Trend: Ranging The flipside of the EURJPY is remaining in consolidation from the level at 121.47 and it’s intraday bias at the current moment stays neutral. Meanwhile, in the likely event of a deeper plunge, its downside may be restricted above the level at 119.11 support to bring another rally to the upside zone. As for the near future, buyers on EURJPY may take exchange rate back to retest the price level at 121.10/121.47 on the upside, a break of the level at 121.47 may re-energize the advance from 117.08 to the level at 123.37 next. Instrument: EURJPY Order: Buy Entry price: 120.78 Stop: 119.11 Target: 123.37 Source: https://learn2.trade

Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling. Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes. As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view. The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc. Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price. Bitcoin, Gold, and Pound Sterling Reactions to Brexit During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year. Source: https://learn2.trade

Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with this scenario, the pair is likely to gap while it reopens on Monday morning in Asia (Sunday evening in the US). Key Levels Resistance Levels: 1.3301, 1.3185, 1.2988 Support Levels: 1.2582, 1.2204, 1.1958 GBPUSD Long term Trend: Bullish On the daily picture, the bulls took charge in the previous session and exited the day above its opening price, however, the pair failed to move past the prior’s day’s trading range and the price likewise failed to reverse below the previous day’s range. The GBPUSD had rallied upwards to as high as the level at 1.2988 last week, before forming a temporary top there. In the case of a reverse, the fall may be contained by the level at 1.2582 resistance turned support to bring rise resumption. GBPUSD Short term Trend: Bullish An impermanent top is structured on the level at 1.2988 and intraday bias in GBPUSD stays on the upside. A few consolidations may be seen. Be that as it may, any pullback ought to be contained above the level at 1.2582 support to bring rise resumption. Meanwhile, on the upside, a break of the level at 1.2988 will stretch out the recovery from the level at 1.1958 to 1.2582 from 1.2204 at 1.3185 next. Without bias analysis, the outlook is bullish and displaying an intact uptrend in the short and long-term. Source: https://learn2.trade

The Economic Proscription of U.S. Farmers by China Maybe Forever Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible. It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever. Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues. The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday. This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later. For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins. From the detailed analysis: “The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.” China Receives Blames for the Pressure And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items. Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall. There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case. “Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared. Source: https://learn2.trade

Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal. The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months. Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank. “With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.” China’s High Gold Appetite The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain. Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week. Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared. While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while. Source: https://learn2.trade

GBPJPY Reverses Its Sell-Off Around the Level at 130.75 OCTOBER 9, 2019 Azeez Mustapha No Comments GBPJPY Price Analysis – October 9 In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75. Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54 GBPJPY Long term Trend: Bearish In the bigger picture, the GBPJPY consolidation structure is still forming from the technical support zone on the level at 126.54 low. A further upward move may be recorded towards the level at 146.57 and 148.66 in an extension where its resistance is glaring before completing the structure. However, the overall trend remains bearish while displaying an intact downtrend in the medium and long-term. GBPJPY Short term Trend: Bearish On the 4-hour time frame, its price is trading narrowly between the moving average 5 and 13 close to the key technical support level at 130.44. As it is presently, the intraday bias in GBPJPY remains on the downside at this point where a corrective rebound from the level at 126.54 low should have completed. Meanwhile, its 4-hour RSI is bearish and pointing lower suggesting further weakness. Source: https://learn2.trade

USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly USDCHF Price Analysis – October 8 The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908. Key Levels Resistance Levels: 1.0231, 1.0126, 1.0015 Support Levels: 0.9897, 0.9870, 0.9843 USDCHF Long term Trend: Ranging The price of the pair has moved back towards the moving average of 5 and 13 areas on the level at 0.9950. This area requires to be broken to give buyers more upside potential to move higher. However, the decisive break of the level at 1.0231 is required to indicate bullish resumption. Meanwhile, the medium and longer-term may remain neutral first. USDCHF Short term Trend: Bearish After trending downwards to about 50 pips lower after the open, the forex pair managed to reverse during the session as bulls took control and may exit the day above its opening price. The USDCHF’s pull back from the level at 1.0015 extends lower today but stays well above the lower horizontal zone on the level at 0.9843 support. While still in a long-term uptrend, the short trends have turned bearish already. Source: https://learn2.trade

AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure. Key Levels Resistance Levels: 0.6895, 0.6805, 0.6776 Support Levels: 0.6671, 0.6620, 0.6600 AUDUSD Long term Trend: Bearish Despite trading down to the level at 0.6671 earlier during the previous session, the FX pair had bounced off the horizontal support zone. Meanwhile, its failure to close below the support level might increase the zones’ significance as support going forward. However, if the currency pair breaks the support level, bears could drive the price towards the lower boundary of the horizontal support zone on the level at 0.6620 during the following trading session. AUDUSD Short term Trend: Bearish On the flip side of the 4-hour chart, showing the level at 0.6740 minor resistance intact, it’s intraday bias stays on the downside. And the decisive break of the level at 0.6671 low will resume the larger downtrend. While on the upside, the level at 0.6776 minor resistance is likely to turn bias back to the upside for stronger recovery first, and outlook stays bearish, showing an intact downtrend in the medium and long-term. Source: https://learn2.trade

Lawmakers Pen Down Concerns to the Fed Over National Digital Currency Two United States lawmakers have urged the Federal Reserve to evaluate the possibilities of creating a digital dollar currency. House of Representatives members, French Hill and Bill Foster recently sent a letter to the Federal Reserve Chairman Jerome Powell, expressing the concerns they have on the implications the US dollar would face in a likely scenario where another country or private company develops a widely used digital currency. They asked if the apex bank was exploring ways to develop their version. The details of the letter were first published by Bloomberg Law which recounts how the Fed possesses the right to create and oversee currency policies. The congressmen wrote that the central bank of the United States had it on its jurisdiction to create a national digital currency. They added that they were worried that the importance of the US dollar could be put in a long-term danger by the adoption of digital fiat currencies across the globe. They wrote that the Bank for International Settlements carried out a survey and discovered that 40 countries across the globe have developed or are planning on developing a digital currency. There have been demands for the global financial system to gravitate away from the dollar. Most peculiar of these calls was when the Bank of England governor, Mark Carney proposed that a digital currency supported by a basket of other financial instruments will assist nations in making this change. According to the letter, Foster and Hill wrote that cryptocurrencies are presently used for speculative functions in the United States, but have the potential to function as the traditional currency of the future. Also, they wrote that the country shouldn’t depend on private corporations to create digital currencies. The letter categorically made mention of Facebook’s cryptocurrency project, Libra. They wrote that if this project by Facebook gets implemented, it could eliminate vital aspects of financial administration outside of the United States jurisdiction. The letter went on to cite recent efforts by private corporations like J.P. Morgan and Wells Fargo. Further Suggestions The letter articulates some concerns like what measures is the Fed taking to develop a digital currency, what backup plans the organization were taking if a digital fiat currency gains momentum, what legal or regulatory issues could impede the Fed from assembling a digital currency, what market threats could confront the Fed’s digital currency when it is released and finally, what were the advantages to taking on this project. However, US Reps. Foster and Hill are not the only ones suggesting that the Fed looks into developing a digital currency. In 2018, former Federal Deposit Insurance Corporation Chair, Sheila Bair, likewise suggested that the Fed create its digital currency to prevent disruption from the private sector and other nations. Nonetheless, the Fed is planning on creating a real-time payment system, although it is uncertain if the system is cryptocurrency-based. Source: https://learn2.trade

Hollywood Star Ventures Into Security Tokens As groundbreaking innovations continue to penetrate the finance space, it is almost impossible for this innovation not to spread to other industries. The movie industry is one of such sectors currently experiencing such revolutions. This is due to the invention of distributed technologies like Blockchain, which has brought about the concept of tokenizing everything. Tokenization is the practice of amplifying the liquidity of real-world assets. The idea behind tokenization is the same as stocks or shares, which denotes fractional ownership of stakes in a company. Anything and everything can be tokenized, and many believe it’s only a matter of time before everything is. Daywalker Movie Fund Award-winning actor, director, producer and martial artist Wesley Snipes, is on a bid to capitalize on this advancement with tokenization. The Hollywood actor in collaboration with Liechtenstein Cryptoassets Exchange (LCX), is planning to tokenize $25 million for a movie fund. The project is known as “Daywalker Movie Fund” (DMF) which intends to invest in Wesley Snipes and his production house, Maandi House Studios will create a medium for investors all over the globe to acquire a share in the fund’s production. LCX plans on launching a fully compliant security token offering (STO) with the DMF, which will be represented by the DMF security token, to create a level playing field for both retail investors and Hollywood financiers. Regulatory Perks STOs, like initial coin offerings (ICO), provide value via a digital token. Although, security tokens, unlike ICOs, are developed with a firm foundation of regulatory due diligence. Also, security tokens represent real assets, much like shares in a company or equity in real estate while ICOs offer a token that can be utilized only through specific infrastructure. One major characteristic that gives security tokens its legitimization is it’s time ties to regulatory governance. However, the operational construct of tokenization differs across jurisdictions. In Liechtenstein, where LCX is situated, the regulatory body passed a law dubbed the Blockchain Act. The act virtually provides an explicit legal basis for ownership as well as a safe storage of the security tokens. It also provides strict rules concerning Anti-Money Laundering and Know Your Customer (KYC) requirements. An Increasing Demand For Tokenization Wesley Snipes will not be the first to undertake this journey into movie tokenization. The pioneering body of the concept is tZERO, a Blockchain subsidiary of a U.S. retail company Overstock.com. There is a rising demand for tokenized funding, considering that there is a dire need in the film industry for new avenues for liquidity. Normally, funding in the film industry comes from different revenue streams like hedge funds and individual investors from wealthy individuals. The downside to this in contrast to security tokens is that creates a situation whereby ownership of the finished product is shared with the investor. Source: https://learn2.trade

Despite the Ongoing Trade Dispute, U.S. Manufacturing Records 5-Month High Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information. The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which is firmly attached to engineering and industrial production, had hit another five-month high, by recording a superior value to anything expected for September. The manufacturing segment process recorded 51.0—up from 50.3 in August and prevailing over the estimated consensus of 50.4. The Minimal development in the business process demonstrates more versatility in the U.S. economy versus that of Europe, where comparable checks demonstrated that euro-region manufacturing kept on contracting—to a great extent because of Germany’s manufacturing segment recording the most noticeably awful crash since the economic downturn, as services development and employment creation likewise eased back. Notwithstanding the bounce in U.S. industrial production, the exporting records have kept on debilitating and industrial facility conditions are the most noticeably after 2009, declared IHS Markit. The general business process prospects, however “displays uncertainty” because of pressures from trade disputes. The market-inspired lull on the manufacturing additionally overflowed into the service segment, as displayed on IHS Markit’s release. The U.S. services PMI came in at 50.9 for September, up from 50.7 in August, yet at the same time lower than the estimated 51.5. The value is one of the most reduced in the previous three-and-a-half years, one more indication of a slowed employment sector. Key Foundation: Another check estimating U.S. industrial production, is the Institute for Supply Management’s PMI, which has demonstrated that the business process reduced in August. While the manufacturing process tumbled to its absolute bottom in three years a month ago, including the China trade dispute whittling down a large part of the segment. Another round of levies in August, achieving additionally cost demands and decreased net revenues, together negatively affected U.S. businesses, as indicated by the ISM. Essential Statement: The chief business economist in IHS Markit, Chris Williamson, remarked on the PMI information: “The overview demonstrates that organizations keep on battling against the challenges of trade stresses and raised vulnerability over the trend. Even though it’s getting marginally, the general pace of development in September stayed as one of the weakest after 2016.” Source: https://learn2.trade

Despite the Ongoing Trade Dispute, U.S. Manufacturing Records 5-Month High Headline: As the manufacturing segment put up a silent recuperation in September, demonstrating a level of versatility in the more extensive U.S. economy, the trade dispute keeps on negatively affecting the general business standpoint, as per new IHS Markit information. The latest Purchasing Managers’ Index (PMI) overview from IHS Markit demonstrated that U.S. Manufacturing, which is firmly attached to engineering and industrial production, had hit another five-month high, by recording a superior value to anything expected for September. The manufacturing segment process recorded 51.0—up from 50.3 in August and prevailing over the estimated consensus of 50.4. The Minimal development in the business process demonstrates more versatility in the U.S. economy versus that of Europe, where comparable checks demonstrated that euro-region manufacturing kept on contracting—to a great extent because of Germany’s manufacturing segment recording the most noticeably awful crash since the economic downturn, as services development and employment creation likewise eased back. Notwithstanding the bounce in U.S. industrial production, the exporting records have kept on debilitating and industrial facility conditions are the most noticeably after 2009, declared IHS Markit. The general business process prospects, however “displays uncertainty” because of pressures from trade disputes. The market-inspired lull on the manufacturing additionally overflowed into the service segment, as displayed on IHS Markit’s release. The U.S. services PMI came in at 50.9 for September, up from 50.7 in August, yet at the same time lower than the estimated 51.5. The value is one of the most reduced in the previous three-and-a-half years, one more indication of a slowed employment sector. Key Foundation: Another check estimating U.S. industrial production, is the Institute for Supply Management’s PMI, which has demonstrated that the business process reduced in August. While the manufacturing process tumbled to its absolute bottom in three years a month ago, including the China trade dispute whittling down a large part of the segment. Another round of levies in August, achieving additionally cost demands and decreased net revenues, together negatively affected U.S. businesses, as indicated by the ISM. Essential Statement: The chief business economist in IHS Markit, Chris Williamson, remarked on the PMI information: “The overview demonstrates that organizations keep on battling against the challenges of trade stresses and raised vulnerability over the trend. Even though it’s getting marginally, the general pace of development in September stayed as one of the weakest after 2016.” Source: https://learn2.trade

Market-Making Bot: How to Choose, Customize, and Set-Up Crypto trading bots are technologies that allow crypto traders to customize a trading medium where their trading strategies are executed automatically at any time of the day. This technology has become popular in the cryptocurrency market and is dubbed “market-making bots”. Market-Making Market-making is the act of buying and selling of digital assets to make a profit from the disparity between the bid and offer prices. Market-making is usually carried out by banks, brokerages, hedge funds, and other proprietary trading entities. However, crypto trading bots are beginning to facilitate increasing numbers of market-making orders, which is a clear indication that the use of this technology is on the rise. How to Choose a Market-Making Bot When it comes to choosing a crypto trading bot that can carry out market-making tasks, there are some key features you need to look out for which includes a sound reputation, adequate security of the bot, possession of quality features, adequate customizability, and affordable pricing. How to Customize a Market-Making Bot Even though the customization and set up process differs across market-making bots, the steps listed below will assist the user in navigating their market-making bot regardless of the software being used. 1- You need to sign up: Once the user has selected their preferred trading software to build their bot, the user will be required to register and then log on to the platform. 2- Select your currency pair: The user will be required to choose a digital currency pair for which they desire the bot to market-make. 3- Decide on the level of aggressiveness: In the market making context, aggressiveness is the mid-price level the user might prefer their bot to trade. 4- Implement risk management measures: Normally, the trading bot software comes with some risk management criteria, like stop-loss limits and other automatic mechanisms that guarantee the protection of the user in situations of sudden and steep price drops and spikes. 5- Run backtests: a lot of crypto trading bots provide testing options for the user to try out their trading strategies with previous historical prices. 6- Live testing: whether or not the trading bot comes with a backtesting option, the user will still need to try out their strategy in live market conditions to see how their strategy fares. 7- Capitalize the bot: once the user is satisfied with the bot’s performance, there is a need to capitalize on the software to begin the profit-making venture. 8- Go live: obviously, the next thing the user will need to do is to launch the bot software. 9- Monitor the not: Finally, the user has to monitor the performance of the bot. Even after the backtesting process, the user is still expected to observe the bot’s operations to decide whether it needs tweaking or not. Source: https://learn2.trade