GBPJPY Crashes Steadily After a Reversal at Supply Zone

Updated:

GBPJPY Price Analysis – January 21

GBPJPY crashes steadily after reversal at the supply zone. The market has continuously switched power between the bulls and the bears. There has been very little consolidation since October 2021. The bulls went long from the demand zone at 148.970. They were very dominant in the market. There were multiple consecutive days of unresisted bullish run from October at 148.970 to the Supply Zone at 157.730.


GBPJPY Major Zones

Supply Zones: 157.730, 154.400
Demand Zones: 148.970 152.440

GBPJPY Crashes Steadily After a Reversal at Supply ZoneGBPJPY Long Term Trend: Bearish

After a reversal at the supply zone, the market crashed back to 148.970. The month of November was plagued by consolidation. The demand zone at 152.440 gave way to the bears as the month ended. Price tapped once again into the 148.970 demand zone. There was a little consolidation before the price skyrocketed to 157.730. A double top reversal pattern formed at the supply zone. The Williams Present range indicated the market was overbought. The Parabolic SAR (Stop and Reversal) eventually gave the final confirmation of a bearish run.

GBPJPY Crashes Steadily After a Reversal at Supply ZoneGBPJPY Short Term Trend: Bearish

A steady bearish trend is obvious on the four-hour chart. Consistent lower highs and lows have led the market into the 154.400 zone. The Williams Percent Range is currently oversold in both the daily timeframe and the four-hour time frame. The previous supply zone might be used by the bulls to support bullish action.

However, the bears seem to be very heavy as they keep creating impulsive moves after the reversal in the supply zone. The bears are likely to push through the 154.400 zone down to the next demand zone at 152.440. A breakout-and-retest is expected below the 154.400 zone. The market is still crashing steadily after the reversal at the 157.730 supply zone.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USOIL Is in a Minor Retracement, Faces Rejection at $87.50

Updated:

Key Resistance Levels: $80.00, $84.00, $88.00
Key Support Levels: $66.00,$62.200,$58.00

USOIL (WTI) Long-term Trend: Bullish
USOIL has been in an uptrend but faces rejection at $87.50. It is retracing after breaking above the overhead resistance. The index reached the overbought region of the market. It is facing rejection at $87.50 high. The overhead resistance has not been broken because the index has reached the overbought region. Meanwhile, on December 9 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that WTI will rise to level 2.0 Fibonacci extension or $81.51.

USOIL Is in a Minor Retracement, Faces Rejection at $87.50
USOIL – Daily Chart

Daily Chart Indicators Reading:
Because of earlier retracement, USOIL has fallen to level 66 of the Relative Strength Index period 14. It indicates that the index is in the uptrend zone and capable of rising to the upside. The index price is above the 21-day SMA and 50 –day SMA which indicates a further upward move. The index has a bullish crossover as the 21-day SMA crosses above the 50 –day SMA indicating buy order.

USOIL (WTI) Medium-term bias: Bullish
On the 4-hour chart, the index is in an uptrend. The index price is making a series of higher highs and higher lows. Presently the uptrend has been terminated as price breaks below the moving averages and the bullish trendline.

 USOIL Is in a Minor Retracement, Faces Rejection at $87.50
USOIL – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 30% range of the daily stochastic. The market is in a bullish momentum. The upward movement will resume. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The uptrend has been terminated as price bars are below the moving averages.

General Outlook for USOIL (WTI)
USDOL has reached the overbought region of the market but faces rejection at $87.50. The market is retracing from the overbought region. The uptrend will resume after a minor retracement.


You can purchase crypto coins here: Buy Tokens

Note: Learn2Trade 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 result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Polkadot Hovers above $22 Support, May Resume Upside Momentum

Updated:

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bearish
Polkadot’s (DOT) price is in a downward move but it may resume upside momentum. The altcoin has declined to $22 low. Since January 17, the cryptocurrency has been in a downward move after the rejection at the $28 resistance. Today, the DOT price is retesting the current support at $22. The $22 support is the previous low of January 10, price fall. If the bears fail to break the $22 low, it is assumed that the downtrend is over. The upward move will resume if the support holds at $22. Besides, Polkadot has reached the oversold region of the market. The selling pressure is likely to reach bearish exhaustion.

Polkadot Hovers above $22 Support, May Resume Uptrend
DOT/USD – Daily Chart

Daily Chart Indicators Reading:
The altcoin price is at level 36 of the Relative Strength Index for period 14. DOT price is approaching the oversold region of the market. The crypto’s price bars are below the moving averages which make it prone to fall. The 21-day SMA and the 50-day SMA are sloping sloping southward indicating the downtrend.

Polkadot (DOT) Medium-term Trend: Bullish
Polkadot has resumed downtrend as price breaks below the current support. Meanwhile, on January 19 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOT price will fall to level 1.272 Fibonacci extensions or $22.40.

Polkadot Hovers above $22 Support, May Resume Uptrend
DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Polkadot is below the 20% area of the daily stochastic. The market has reached the oversold region. Buyers are expected to emerge in the oversold region to push prices upward. The 21-day SMA and the 50-day SMA are sloping downward indicating the downtrend. The altcoin has a bearish crossover. That is, the 21-day SMA crosses below the 50-day SMA which indicates a sell order.

General Outlook for Polkadot (DOT)
Today, DOT/USD has declined further to $22 low but it may resume upside momentum. It appears the market has fallen to the oversold region. The Fibonacci tool has indicated that the altcoin can possible reverse at level $22.

You can purchase crypto coins here: Buy Coins


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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Binance Coin (BNBUSD) Price Approaches a Potential Bullish Reversal Zone

Updated:

BNBUSD Price Analysis – January 21

In case the bears break down the support level of $419, the price may decline to $364 level, continue its downtrend movement towards the support level of $254. On the other hand, more pressure from the buyers may push up the Binance Coin to break the resistance level of $503 which may increase further to $599 and $678 levels.

BNBUSD Market

Key levels:

Resistance levels: $503, $599, $678

Support levels: $419, $364, $254

BNBUSD Long-term trend: Bearish

Binance coin is bearish on the daily chart. The coin was on the bullish movement last week. The movement was interrupted at $503 resistance level. There was a bearish engulfing candle formation at the same level. Bears’ pressure increased with the formation of strong daily bearish candle that pushes the price to retest the support level of $419. The price is currently making attempt to penetrate $419 level.

BNBUSD Daily chart, January 21

The Binance Coin is trading below the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is pointing downside at 30 levels indicating sell signal. In case the bears break down the support level of $419, the price may decline to $364 level, continue its downtrend movement towards the support level of $254. On the other hand, more pressure from the buyers may push up the Binance Coin to break the resistance level of $503 which may increase further to $599 and $678 levels.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart.  The sellers finally exerted more pressure on the Binance coin yesterday. The price breaks down the dynamic support levels and testing $419 level. It is pulling back at the moment.

BNBUSD 4-hour chart, January 21

Binance coin is trading below 9 periods EMA and 21 periods EMA as a sign of bearish market. The relative strength index period 14 is at 20 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

USDJPY Bulls’ Breakout and Retest After Expansion

Updated:

USDJPY Analysis: Expansion Leads to Bulls’ Break Out and Retest

USDJPY bulls’ breakout and retest after expansion led to a bullish run in September. The market was held in a consolidation that lasted for several months. The month of September ended with an impulsive move. There was a sudden expansion from the 109.019 demand zone. The expansion led to a breakout and retest from the long-term consolidation. The significant level at 109.010 was retested. The Moving Average created a steep slope which guided the market out of the range.


USDJPY significant levels:

Resistance Levels: 115.410, 110.810
Support Levels: 112.710, 109.010

USDJPY Bulls’ Breakout and Retest After ExpansionUSDJPY long term trend: Ranging

New resistance and support levels were formed with the new consolidation. A new demand zone was formed at 112.710. The demand zone has been tested twice. The resistance zone was created on the 25th of November last year. The price filled the area within the Bollinger bands till the upper bands were hit. This caused a massive sell-off in one day. A false breakout was seen to occur afterward. The whole market had formed an ascending triangle from the breakout in September last year. A breakout and retest have formed on the daily chart outside the ascending triangle. Three bearish daily candles formed after the retest.

USDJPY Bulls’ Breakout and Retest After ExpansionUSDJPY Short Term Trend: Bearish

The Stochastic revealed that the market was oversold in the four-hour timeframe. The breakout and retest was followed by a sharp rejection. This is obvious with wicks that slightly pierced into the upper band of the Bollinger. The Moving Average of the Bollinger Band has switched sides to hang above the candles. The bears are currently driving the market down.


The market is currently oversold on the four-hour Stochastic. This correlates with the Bollinger bands. The candles have rested on the lower bands, which is likely to act as a support. This is likely to cause a retracement towards 115.410. The bears are currently aiming for the 112.720 zone. Hence, the anticipated retracement is likely to be utilized to gather more momentum for a bearish move.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Gold Price Breaks the $1,830 Resistance, Resumes a Fresh Uptrend

Updated:

Key Resistance Levels: $1,900, $1,950, $2000
Key Support Levels: $1,750, $1, 700,$1,650

Gold (XAUUSD) Long-term Trend: Bullish
Gold (XAUUSD) is in an upward move as it resumes a fresh uptrend. Gold price breaks the resistance at $1,830 and resumes upward. Since December 31, buyers have been making frantic efforts to break above the resistance. On January 3, and January 13 buyers were repelled as Gold dropped below the moving averages. On January 19, buyers have their way as Gold resumed a fresh uptrend. Meanwhile, on January 13 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that Gold will rise to level 1.618 Fibonacci extension or $1,855.27.

Gold Price Breaks the $1,830 Resistance, Resumes a Fresh Uptrend
XAUUSD – Daily Chart

Daily Chart Indicators Reading:
Gold is at level 63 of the Relative Strength Index for period 14. The market has reached the uptrend zone and is capable of a further upward move. The 21-day SMA and the 50-day SMA are sloping upward indicating an uptrend. Gold prices are above the moving averages which makes it possible to rise.

Gold (XAUUSD) Medium-term bias: Bullish
On the 4 hour chart, the Gold price is in an uptrend. Before the resumption of the uptrend, Gold was in a sideways move below the $1,830 price level. Today, the bulls have broken the resistance level. Unfortunately, the market has reached the overbought region of the market.

 Gold Price Breaks the $1,830 Resistance, Resumes a Fresh Uptrend
XAUUSD – 4 Hour Chart

4-hour Chart Indicators Reading
XAUUSD is above the 80% range of the daily stochastic. The market has reached the overbought region. Further upward move is doubtful. Sellers are likely to emerge in the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Gold (XAUUSD)
Gold’s (XAUUSD) price has broken the resistance at $1,830 as it resumes a fresh uptrend. According to the daily Stochastic, XAUUSD is trading in the overbought region of the market. Perhaps, the Gold price will retrace, and later the upward move will resume.

You can purchase crypto coins here. Buy Tokens


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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward

Updated:

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
On January 19, Dogecoin’s (DOGE) price breaks below the moving averages but resumes upward. Before now, DOGE price has corrected upward as price breaks above the moving averages. On January 14, the altcoin rallied to the $0.21 high. Buyers failed to sustain the bullish move above the moving averages. The selling pressure was overwhelming as the altcoin resumes a downward move. Today, a bullish candlestick is appearing below the moving averages. The crypto is attempting to resume upward. Dogecoin will fall and revisit the previous low at $0.13 if the altcoin faces rejection at the 21-day line SMA.

Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward
DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Because of the uptrend, DOGE price has risen to level 46 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. DOGE’s price is below the 50-day line SMA and the 21-day line SMA which makes it prone to fall. The moving averages are sloping southward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downward move. The market breaks below the moving averages Meanwhile, on January 15 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.16.

Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward
DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
. DOGE price is above 50% area of the daily stochastic. The altcoin is in a bullish momentum. The 50-day line SMA and the 21-day line SMA are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin is in a downward correction and below the moving averages but resumes upward. The crypto’s price is below the moving averages which makes it capable to fall. The altcoin is in a bullish momentum.


You can purchase crypto coins here: Buy Coins


Note: Learn2.Trade 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 result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

AUDUSD Seeks to Break the 0.73150 Barrier Following the Latest Setback

Updated:

AUDUSD Price Analysis – January 20

AUDUSD seeks to surmount the 0.73150 as it recovers from its latest setback. The market can be seen to be zigzagging through an ascending channel, making consistently higher highs and higher lows. Price has made its first contact with the resistance level and has dropped to the lower border of the channel. The current rise from the lower border of the channel is expected to break the 0.73150 level.


AUDUSD Critical Levels

Resistance Levels: 0.73150, 0.74470, 0.75590
Support Levels: 0.72370, 0.71050, 0.69960

AUDUSD Seeks to Break the 0.73150 Barrier Following the Latest SetbackAUDUSD Long Term Trend: Bullish

A long-drawn consolidation that lasted from the beginning of 2021 till mid-2021 ended up in a 7% price drop. As soon as the price touched down at 0.71050, the market seeks recovery and cranked upward through a channel. However, at the third time of dropping to the lower border of the channel, the price unexpectedly slips through it and dropped further to the lower support at 0.69960.

Market buyers, however, aren’t giving in to depression as they seek immediate recovery. A “three-white-soldiers” candlestick pattern was used to ascend to the next price line. The market is rising further using another channel. Now, the price seeks to break the 0.73150 barrier. The Moving Average period 50 has dropped below the daily candles to provide support for the market. The Relative Strength Index now has its tip above the 50 mark.

AUDUSD Seeks to Break the 0.73150 Barrier Following the Latest SetbackAUDUSD Short Term Trend: Bullish

In the short term, the price has bounced off the lower border of the ascending channel and is now attempting to negotiate the first barrier moving forward, located at 0.72370. The odds are in favor of the bulls surmounting the major resistance at 0.73150. Once again, the MA period 50 is acting as support for the market as the RSI indicator is now in the bullish half of the chart.

You can purchase crypto coins here: Buy coins

Note: Learn2.trade 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Uniswap (UNIUSD) Price May Commence Bullish Movement

Updated:

Uniswap Price Analysis – January 20

When the support level of $14 is tested and broken downside, price level may decrease to $12 and $9 support levels. In case the bulls were able to defend the support level of $14, Uniswap may bounce up towards the resistance levels of $16, $18 and $19.

UNI/USD Market

Key Levels:

Resistance levels: $16, $18, $19

Support levels: $14 $12, $9

UNI/USD Long-term Trend: Bearish

On the long-term outlook Uniswap is bearish. Last week, the crypto was trying to form a double bottomed chart pattern. The buyers of Uniswap were set to push up the price. It started increasing towards the $18 resistance levels but the sellers opposed the bullish movement at the just mentioned resistance level on January 17. The price is currently decreasing towards the support level at $14.

UNIUSD Daily chart, January 20

There is an indication that the bears’ momentum is increasing as Uniswap is trading below the 9 periods EMA and 21 periods EMA. The fast moving average (9 periods EMA) is crossing the slow moving average (21 periods EMA) downside. When the support level of $14 is tested and broken downside, price level may decrease to $12 and $9 support levels. In case the bulls were able to defend the support level of $14, Uniswap may bounce up towards the resistance levels of $16, $18 and $19. The Relative Strength Index is bending up at 40 levels which indicate a buy signal.

UNI/USD Medium-term Trend: Bearish

On the 4-hour chart, Uniswap is bearish. The resistance level of $18 stand as a barrier to the bulls. The bears opposed the price increase which started two weeks ago. The bulls lose momentum at $18 price level and the bears took over the market. The crypto is currently moving towards the previous low at $14 price level.

UNIUSD 4-hour chart, January 20

Uniswap is trading below the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 40 levels bending up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

FTSE 100 Pushes on the Upside, Faces Rejection at Level 7600

Updated:

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
FTSE 100 (UKX) is in an uptrend as it faces rejection at level 7600. The index has reached the high of $7,615 and pulled back. The uptrend has continued on the upside. Meanwhile, on December 8 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that UKX will rise to level 2.0 Fibonacci extension or level 7751.71. The market is rising and approaching the Fibonacci extension.

FTSE 100 Pushes on the Upside, Faces Rejection at Level 7600
UKX – Daily Chart

Daily Chart Indicators Reading:
UKX has risen to level 62 of the Relative Strength Index period 14. The index is in an uptrend zone and capable of a further upward move.UKX has a bullish crossover. That is, the 21-day SMA crosses over the 50-day SMA indicating a buy order. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The index’s price is still above the moving averages which indicates a possible rise.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, UKX is in an uptrend. The uptrend is making a series of higher highs and higher lows. The price action is characterized by small body candlesticks called Doji. The index is yet to break the resistance at 7600 convincingly.

FTSE 100 Pushes on the Upside, Faces Rejection at Level 7600
UKX – 4 Hour Chart

4-hour Chart Indicators Reading
UKX is above the 50% range of the daily stochastic. The index is in a bullish momentum. A bullish trend is drawn showing the support levels of prices. The uptrend is ongoing if price remains above the moving averages or the trend line. However, the uptrend will be terminated if price breaks below the moving averages or the trend line.


General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) uptrend is ongoing but faces rejection at level 7600. The index price has earlier made a series of higher highs and higher lows. The uptrend may have reached bullish exhaustion.


You can purchase crypto coins here: Buy Token

Note: Learn2.Trade 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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.