Libra 2.0: Better Than a Pivot, Claims a Member of the Libra Association

Libra 2.0: Better Than a Pivot, Claims a Member of the Libra Association

Going ahead for a year after the first publication of the Libra Whitepaper, this month the Facebook digital currency project made big revisions to introduce forward Libra 2.0 in the goal of pacifying regulators and pushing the project going.

Libra started as an innovative project that aimed to benefit more than two billion people globally via the connections between Facebook and Whatsapp, Instagram as well as its primary social media site. It has since intended, via digital currencies, to reach the unbanked and eventually alter the way the world uses currency.

This, nevertheless, increased the suspicions of more than several regulators all over the globe, such as the U.S. while the Senate dragged Libra over the coals regarding questions about a private company making its assets and the security concerns that the social media site has often avoided.

Meanwhile, the latest changes to the white paper, or the elimination of core aims should, therefore, be, to see the Libra project far better in sync with regulators, but maybe not as successful. Nevertheless, one of the members of the Libra Association — Bison Trails — considers this transition intact not so much as a turn but instead as progression.

Implementing Its Core Aims
Although Libra might not seem as optimistic when it initially set forth, the improvements currently introduced would add another dimension to being launched — as that would have a larger effect than if it never had the opportunity to go public.

The other most exciting thing regarding attaining a mass adoption aim is getting the project out of the door and into people’s hands who need it. We have stepped closer to that goal with the news recently reported, “the CEO explained. The part played by Bison Trail stays steady. We concentrate on the technology and help improve, maintain, implement, and protect on a global level the blockchain network.

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Libra 2.0: Better than a pivot, claims a member of the Libra Association

Going ahead for a year after the first publication of the Libra Whitepaper, this month the Facebook digital currency project made big revisions to introduce forward Libra 2.0 in the goal of pacifying regulators and pushing the project going.

Libra started as an innovative project that aimed to benefit more than two billion people globally via the connections between Facebook and Whatsapp, Instagram as well as its primary social media site. It has since intended, via digital currencies, to reach the unbanked and eventually alter the way the world uses currency.

This, nevertheless, increased the suspicions of more than several regulators all over the globe, such as the U.S. while the Senate dragged Libra over the coals regarding questions about a private company making its assets and the security concerns that the social media site has often avoided.

Meanwhile, the latest changes to the white paper, or the elimination of core aims should, therefore, be, to see the Libra project far better in sync with regulators, but maybe not as successful. Nevertheless, one of the members of the Libra Association — Bison Trails — considers this transition intact not so much as a turn but instead as progression.

Implementing Its Core Aims
Although Libra might not seem as optimistic when it initially set forth, the improvements currently introduced would add another dimension to being launched — as that would have a larger effect than if it never had the opportunity to go public.

The other most exciting thing regarding attaining a mass adoption aim is getting the project out of the door and into people’s hands who need it. We have stepped closer to that goal with the news recently reported, “the CEO explained. The part played by Bison Trail stays steady. We concentrate on the technology and help improve, maintain, implement, and protect on a global level the blockchain network.

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AUDUSD Slides Beneath 0.6500 Level As Risk Tone Weigh on the Aussie

AUDUSD Slides Beneath 0.6500 Level As Risk Tone Weigh on the Aussie

AUDUSD Price Analysis – April 30

The AUDUSD pair tumbled beneath the main 0.6500 psychological level to new daily lows, however, it quickly regained a few pips later. This combined with a lighter tone across the equity markets largely fuelled the relative safe-haven status of the greenback against the supposed potentially risky currency – the Australian dollar – and thus shared on the pair’s intraday plunge of around 80 pips.

Key Levels
Resistance Levels: 0.7031, 0.6878, 0.6612
Support Levels: 0.6434, 0.5959, 0.5506

AUDUSD Long term Trend: Ranging

There’s no obvious indication of a trend turnaround in the wider sense yet. The larger downward trend from the level 1.1079 (high) nevertheless supports the extension. Forecasts of 1.1079 to 0.6878 from 0.8135 to 0.5506 levels are already reached 61.8 percent.

There the continuous break opens the way to level 0.4773 (low)level. Furthermore, on the contrary, a persistent break of 0.6612 level may imply bottoming in the medium to long term and shift the emphasis to the next resistance level of 0.7031.

AUDUSD Short term Trend: Bullish

A partial high with retreat today may be established in AUDUSD at 0.6569 level. Intraday bias is first deemed bullish. A further increase may be considered highly soon as the support altered resistance level of 0.6434 stays intact. The turnaround may extend from 0.5506 to 0.6684 key-resistance levels beyond 0.6569 level.

Continuous breach of 0.6434 level on the downside may imply short-term highs on bearish divergence in 4 hour RSI. Furthermore, the intraday bias may be altered back to the downside for a 0.6265 support level.

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

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AUD/JPY Is in an Uptrend, Faces Resistance at Level 70.000

AUD/JPY Is in an Uptrend, Faces Resistance at Level 70.000

Key Resistance Levels: 74.000, 76.000, 78.000
Key Support Levels: 58.000, 60.000, 62.000

AUD/JPY Price Long-term Trend: Bullish
In April, the AUD/JPY pair was in a bull market. In March, the market fell to level 61.679. The pair resumed upward move. In its first upward move, price was resisted by the 21-day SMA at level 66.642. After a pullback, the bulls resumed upward move to break 21-day SMA. The uptrend reached another high of level 69.262 and was resisted by 50-day SMA. The price retraced and later broke the 50-day SMA.

AUD/JPY – Daily Chart

Daily Chart Indicators Reading:
The market has risen to level 62 of the Relative Strength Index period 14. The price is in the uptrend zone and above the centerline 50. The SMAs are the point of a bullish crossover.

AUD/JPY Medium-term Trend: Bullish
On the 4-hour chart, the pair is in an ascending channel. The market is currently above level 69.000. The pair is presently trading at level 69.945. The upward move is being resisted at level 69.945. A bull candle is currently testing to break the resistance level.

AUD/JPY – 4 HourChart

4-hour Chart Indicators Reading
The Yen is currently below 80% range of the daily stochastic. This implies that the market is in a bearish momentum. This is in contradiction to the price action which is showing bullish signals. The SMAs are sloping upward indicating an uptrend.

General Outlook for AUD/JPY
The market is in an upward move but faces resistance at level 69.945. The Relative Strength Index period 14 is indicating an upward move of the coin. In the lower time frame, the market is making a series of higher highs and  higher lows.

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

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USDCHF Stays Stuck Within a Tight Trading Range for the 5th Day in a Row

USDCHF Stays Stuck Within a Tight Trading Range for the 5th Day in a Row

USDCHF Price Analysis – April 30

USDCHF exchanges as at press time near 0.9735 level, reflecting a daily increase of 0.15 percent. Although the pair is turning green, they’re still stuck within the recent 0.9700-0.9800 level trading range. As a consequence, prices in a lackluster session skipped pushing significantly beyond the trading range of the prior day.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9845
Support Levels: 0.9600, 0.9440, 0.9181

USDCHF Long term Trend: Ranging

The USDCHF pair drifted down through the early European session and is currently staying near the bottom of its weekly trading range, around the level of 0.9724. On Friday, the pair met with some steady supply and continued the reversal slide of the prior day from the 0.9766 level or the very critical daily moving average of 5 following the restored bears over the US dollar.

A close beyond 0.9800 level may indicate the breakdown of the range and unlock the door for a recovery of at minimum 100 pips. Conversely, passing through the lower end of the range at 0.9700 level may mean stopping the upward trend from the low of 0.9500 level on March 30 and realigning risk towards a decline to 0.9600 level (low on April 15).

USDCHF Short term Trend: Bullish

The 4-hour chart suggests the USDCHF is consolidating around 0.9700 and 0.9800 levels since stepping beyond the rising trendline from 0.9600 low level and trading beyond. Nonetheless, the cross of moving average 5 and 13 implies the probability of a bearish shift that may bring the pair down to level 0.9700 (low April 27) and below it, level 0.9650 (low April 22) and level 0.9600 (low April 14).

On the upside, initial resistance sits at level 0.9800 and level 0.9902 (high March 24) until reaching highs at level 1.0027 in late 2019. On the downside, the top part may continue with a breach of 0.9700 minor support level. Intraday bias for 0.9600 support level next shifts to the downside.

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Bitcoin Cash (BCH) Rebounds, Attempts to Breach $280 Resistance

Bitcoin Cash (BCH) Rebounds, Attempts to Breach $280 Resistance

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

BCH/USD Price Long-term Trend: Bullish
Yesterday, BCH rebounded and broke the $250 resistance but failed to break $280 resistance. The market reached a high of $275 and became overbought. Sellers have emerged and attempting to push price downward.

The bulls are contesting the current price level with the bulls. The bears are mounting stiff resistance at the $280 resistance zone. On the downside, if the bulls turn down from the current resistance, the crypto will fall to $250 low. On the upside, if the bulls overcome $280 resistance, BCH will rise to $350 price level.

BCH/USD – Daily Chart

Daily Chart Indicators Reading:
The SMAs have a bullish crossover as the 21-day SMA crosses above 50-day SMA. BCH has also risen to level 64 of the Relative Strength index period 14. This indicates that the market is in the uptrend zone. BCH is likely to rise.

BCH/USD Medium-term Trend: Bullish
On the 4-Hour chart, BCH is in an uptrend. The bulls have broken the $250 and attempting to break the $275 and $280 resistances. A break above $280 resistance will take BCH out of the downtrend zone and begins the resumption of the uptrend.

BCH/USD 4 Hour Chart

4-hour Chart Indicators Reading
Bitcoin cash is above 80% range of the daily stochastic. This indicates that the market has reached the overbought region. Sellers are likely to emerge but the current overbought condition may not hold. The SMAs are sloping upwards.

General Outlook for Bitcoin Cash (BCH)
Bitcoin Cash is in an uptrend. The bulls are presently attempting to break the $280 resistance. According to the stochastic indicator, BCH is in the overbought region but may not hold as the trend continue its upsurge. At the time of writing, the bulls are attempting to break the minor resistance at $275.

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BREAKING: Bitcoin Price Surges Forward With a 15% Rise Towards $9,000, Here’s Why

BREAKING: Bitcoin Price Surges Forward With a 15% Rise Towards $9,000, Here’s Why

Bitcoin prices have been going through the roof recently, increasing further nearly 15 percent in approximately 24 hours and putting the world’s most popular digital currency towards the $9,000-level.

At this level, as seen on Coinmarketcap, the digital asset had hit its highest level since early March and increased more than 15 percent over around 24 hours. While describing this latest price behavior, some analysts referred to technical metrics and perceptions around the anticipated halving, that would otherwise cut the current bitcoin supply by 50%.

In these matters, Denis Vinokourov, head of research for Bequant, a London-based digital asset firm, has weighed in.

“The market was primed for a breakout, less than two weeks before the eagerly anticipated block reward halving,” he said.

“The course was not always obvious and, with plenty of liquidity in the derivatives market which would mean traders and investors were searching for downside coverage, as compared to upward risk, there has always been a prospect of retracement,” Vinokourov said. Yet at this level, he said, the situation looks more obvious.

Bullish Momentum Dominates Trend
Joe DiPasquale, CEO of crypto hedge fund manager BitBull Capital, provided further insight on this issue, stressing that Bitcoin’s “price tested the 150-day moving average over the past week and eventually broke over it today, smashing the resistance at $8,200.” Heading forth, the next resistance resides around $8,700 and $9,000, “he said, adding that” Bitcoin is likely to stabilize.

Markets have experienced ‘a pivotal point’ since Bitcoin rebounded, emerging from the steep declines it’s undergone in recent times, said Stack digital asset management company co-founder and chief marketing officer, Michael Collett.

Assuming bears avoid from setting up a great deal of resistance to current trends and perpetuate themselves to holding positions on a long-term basis, we should expect to see more market action in horizontal as the excitement of the halving activates bulls who use it as a chance to buy BTC at low priced levels until a post-halving price spike,” he said.

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GBPUSD Trades Beneath 1.2500 Levels Amid Brexit Concerns

GBPUSD Trades Beneath 1.2500 Levels Amid Brexit Concerns

GBPUSD Price Analysis – April 29

The GBPUSD wrestled to improve on its initial rebound and continued pulling back from the proximity of the psychologically key 1.2500 marks. The GBPUSD pair recovered a decline from the daily swing lows to sub-1.2400 levels and eventually recovered about 25 pips. Since UK Foreign Secretary Dominic Raab confirmed that the Brexit process would end at the end of this year, the selloff picked up the pace.

Key Levels
Resistance Levels: 1.3514, 1.3050, 1.2647
Support Levels: 1.2350, 1.1958, 1.1409

GBPUSD Long term Trend: Ranging

GBPUSD holds at a range of 1.2163/2647 levels and holds firm with intraday bias. As long as 1.2163 support level holds, a further increase may continue skewed in favor. Break of 1.2500 levels on the upside may broaden the recovery from 1.1409 to 1.3200 levels of resistance.

On the contrary, a fall of 1.2163 levels may suggest a conclusion of the turnaround from 1.1409 levels, and the Intraday bias may be reversed to the downside for a low level of 1.1409.

GBPUSD Short term Trend: Bullish

The traction on the 4-hour chart stays horizontal, and the currency pair is floating beyond the upward trendline. The Relative Strength Index holds a decent distance above level 50 and thus stays far from overbought levels.

Resistance is pending at a level of 1.2520, and that is the weekly high and a level which also limited GBPUSD in mid-April. This is led by the level at 1.2647, which in itself is a high swing. Support is shown at 1.2350 level, which also formerly limited the GBPUSD, preceded by the lower horizontal line at 1.2247 level, one that has offered support over the last days.

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Gold Price: Overriding Risk-On Mood Weighs on XAUUSD Price at $1,700 Level in a Bid to Stay Afloat

Gold Price: Overriding Risk-On Mood Weighs on XAUUSD Price at $1,700 Level in a Bid to Stay Afloat

XAUUSD Price Analysis – April 29

During the late European session, Gold edged down into the American session and refreshed daily lows as overriding risk-on mood weighs on XAUUSD, but managed to stay just above the round-figure mark of $1,703.00. This emerges amid a significant upturn in crude oil prices, which rather bolstered the optimism of investors and smashed the inherent safe-haven status of the precious metal.

Key Levels
Resistance Levels: $1,780, $1,765, $1,747
Support Levels: $1,690, $1,663, $1,623

XAUUSD Long term Trend: Bullish

Gold has largely kept moving horizontally since the beginning of April. This is trading beyond nearby highs in February-March. But, this looks like a medium to long term uptrend consolidation. Though if the price hits beneath the level of $1,703.00, we may see more pressure to sell.

An upswing may return as soon as the pair soars beyond the resistance level of $1,719.25, preceded by rising to the resistance level of $1,738.87, and if it skyrockets beyond that level, we may predict the pair to hit the resistance level of $1,747.72.

XAUUSD Short term Trend: Bullish

XAUUSD consolidates the progress which began in mid-March as the metal holds beyond the ascending trendline on the four-hour chart. XAUUSD retains a solid bullish momentum as buyers are now searching for a break beyond the level of $1747.00 on a daily exit grounds that may open the doors towards the resistance level of $1,780.

Alternatively, support may appear for the short term near to $1,690 price level, and further below rests the level of $1,663. In the first quarter of this year, freshly issued US GDP came in at 4.8 percent worse than anticipated.

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France 40 (FR40 EUR) Breaks Level 4500 Resistance, Attempts to Sustain Uptrend

France 40 (FR40 EUR) Breaks Level 4500 Resistance, Attempts to Sustain Uptrend

Key Resistance Zones: 5900, 6000, 6100
Key Support Zones: 5400, 5300, 5200

France 40 (FR40EUR) Long-term Trend: Bullish
The current resistance at level 4500 is about to be broken. Since on March 25, the bulls made several attempts to break the resistance but to no avail. France 40 is likely to rise to level 4800 if the bulls sustain the current momentum. The index may fall if the bulls fail to sustain above 4500 support.

FR40EUR – Daily Chart

Daily Chart Indicators Reading:
Given the recent upward move, the index has risen to level 53 of the Relative Strength Index period 14. It is in an uptrend zone and above the centerline 50. The 21-day SMA provides support for the index.

France 40 (FR40EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. The current uptrend was earlier terminated at the 4500 resistance. It appears the bulls are attempting to break 4500 resistance. On the upside, if price bounces at the current price level, the market will be out of the resistance zone.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently above 80% range of the daily stochastic. This implies that the market has reached the overbought region. However, the stochastic bands a making a U-turn upward indicating that price is in a strong bullish momentum.

General Outlook for Italy France 40 (FR40EUR)
FR40EUR is in a strong bullish momentum. The price is rising while in the overbought region. The overbought region is not likely to hold if the trend continues.

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