USDCAD Plunges Continuously After Sliding off Its Uptrend

20 October 2021 | Updated: 20 October 2021

USDCAD Price Analysis – October 20

USDCAD plunges continuously after sliding off its uptrend movement. The market began to be bearish on the 30th of September, crashing down to the uptrend line. By the next day, the price has dropped below the uptrend line and was only supported by the 1.26500 price level. The next daily candle was seen below the price level. There was a retest back to 1.26500 before the market continued plunging.


Significant USDCAD Levels

Resistance Levels: 1.24700, 1.26500, 1.28300
Support Levels: 1.23000, 1.21500, 1.20300

USDCAD plunges continuously USDCAD Long Term Trend: Bearish

USDCAD effectively commenced its uptrend movement on the 22nd of June after an upsurge in price to rest on the 1.23000 key level. Price began gallivanting upward, creating higher highs and lows. This continued until the bullish momentum was repressed at 1.28300. The market never really made it past this level as only the long wick of the daily candle is seen above the level.

Subsequently, the market begins to weaken, crashing time and again against the uptrend line. Eventually, USDCAD plunges below the trend line and the support at 1.26500. A quick retest was done against the price level before the market plunges continuously , falling through multiple key levels. The market is currently accumulating above 1.23000 to break further downward.

USDCAD plunges continuously USDCAD Short Term Trend: Bearish

The market is still full of momentum going downward. This is shown by the RSI (Relative Strength Index) having its signal line hovering above the oversold region. However, price is only accumulating around the 1.23000 support level. The alternating dots of the Parabolic SAR (Stop and Reverse) confirm that price is currently accumulating at this level before it plunges further.

USDCAD may plunge to as low as 1.20300 before it reverses.

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.

USWall Street 30 (US30USD) Resumes Uptrend, Targets Level 36744

20 October 2021 | Updated: 20 October 2021

Key Resistance Zones: 35000, 35500, 36000
Key Support Zones: 27000, 26500, 26000

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US30USD is trading above the moving averages as price reaches the high of level 35. There is a tendency for prices to rise in the bullish trend zone. The index has risen to level 35430 at the time of writing. Meanwhile, on October 7 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that US30USD will rise to level 2.618 Fibonacci extension or level 36744.70.

US30USD – Daily Chart

US Wall Street 30 Daily Chart Indicators Reading:
US30USD is at level 60 of the Relative Strength Index period 14. It indicates that it is in the bullish trend zone and above centerline 50. The index is capable of a further upward move. The 21-day and 50 –day SMAs are sloping upward indicating the uptrend.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is in an uptrend. The price breaks the initial resistance at level 35000 as the market reaches the overbought region. Meanwhile, on October 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that US30USD will rise but reverse at level 1.272 Fibonacci extension or level 35697.70.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above the 80% range of the daily stochastic. The index has fallen to the overbought region. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US Wall Street 30 has resumed the uptrend. The bulls are attempting to break the resistance at level 35600 to resume upward. A breakout at the overhead resistance will bring about accelerated price movement on the upside. According to the Fibonacci tool analysis, the market will reverse at level 1.272 Fibonacci extension or level 35697.70.



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 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.

NZDUSD Races Back to a Key Significant Level

20 October 2021 | Updated: 20 October 2021

NZDUSD Price Analysis – October 19

NZDUSD races back to a key significant key level in a bullish market. Kiwi continues to amass maximum strength by pushing the price upward. The market accelerated, breaking through an important key level of 0.69800 before advancing upward. The sellers dropped from the 0.71500 price level down to the 0.68600 significant price level. The bears scantily pushed the market as the buyers also tried to tussle with them in the consolidation.


NZDUSD Significant Key Levels:

Resistance Key Levels: 0.73000, 0.71500
Support Key Levels: 0.69800, 0.68600

NZDUSD races backNZDUSD Long Term Trend: Bullish

NZDUSD, on the other hand, was seen consolidating between the significant price levels of 0.7300 and 0.71500. The sellers then took over the position, gaining more bearish strength by drawing the price movement downward. The momentum is then shared between the bears and the bulls as the price is seen consolidating between 0.71500 and 0.68600 significant price levels.

In the consolidation, the market waves sideways despite being in an overall bearish trend. Kiwi is now gaining bullish momentum and therefore racing upward. The RSI (Relative Strength Index) on the 1day chart displays price movement above the 50.00 level. The price, therefore, is assumed to be racing upward with bullish strength.

NZDUSD races back NZDUSD Short Term Trend: Bullish

On the 4-hour chart, the market is seen rising with bullish momentum. Kiwi pushed up with a long bullish candlestick after breaking the 0.69800 significant price level. The MACD (Moving Average Convergence and Divergence) indicator shows price action above the 0.00 level. The green histogram keeps increasing as the price races upward in a bullish trend. The RSI also makes a significant approach as NZDUSD continues to push forward. NZDUSD is, therefore, expected to move up to the 0.73000 significant key and even break beyond this price level.

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.

USDCHF Falls Below Critical Support, Dollar’s Slide Accelerates

19 October 2021 | Updated: 19 October 2021

USDCHF Price Analysis – October 19

On Tuesday, the US dollar fell slightly against the Swiss franc. The pair fell lower to settle below 0.9200 after touching the high at 0.9242 in the US session. The USDCHF currency pair is currently trading at 0.9225, down 0.15 percent on the day. As traders’ decisions are influenced by Fed tapering and increased inflationary concerns, higher US Treasury yields underpin the appetite for the US dollar.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9175, 0.9100, 0.9018
USDCHF Long term Trend: Ranging
Daily, the USDCHF has prolonged its weakness below moving averages 5 and 13, indicating that sellers are likely to hold the reins tight and target a retracement level of 0.9230 during the current falls.

The 0.9175 region is the immediate support, and a break below that level would expose the 0.9150 level, which is a multi-month support zone low. On the upside, the immediate resistance is currently at 0.9250, followed by 0.9275 and 0.9300.
USDCHF Short term Trend: Ranging
USDCHF is range-bound at 0.9175/9275, with an intraday tendency to the negative. An additional drop is still possible with a resistance level of 0.9250 intact. The breach of the 0.9175 level, on the other hand, might trigger a further downward fall.

Even so, given the bullish convergence situation in the 4 hour RSI, a breach of the 0.9175 level might confirm short-term bottoming and shift the bias back to the upward, allowing for a rebound to the horizontal resistance line (now at 0.9250 level).

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.

Litecoin (LTC) Resumes Uptrend, Struggles Below the $190 Overhead Resistance

19 October 2021 | Updated: 19 October 2021

Key Highlights
LTC faces rejection at level $192
Litecoin may continue the range-bound move below the overhead resistance

Litecoin (LTC) Current Statistics
The current price: $186.50
Market Capitalization: $15,661,203,468
Trading Volume: $2,633,865,388
Major supply zones: $200, $220, $240
Major demand zones: $100, $80, $60

Litecoin (LTC) Price Analysis October 19, 2021
Litecoin (LTC) has retraced to $188 after retesting the $188 overhead resistance level. On October 17, the cryptocurrency retraced to the support above the 50-day SMA and resumed upward. The altcoin has had similar price action since September 16. On September 16, buyers were repelled as the altcoin fell to the low of $140.40. Today, the cryptocurrency has resumed back to the bullish trend zone. There are bullish candlesticks above the 50-day SMA indicating a possible upward move. A breakout at the resistance will propel the altcoin to $220 high. The bullish momentum will extend to the high of $230.

LTC/USD – Daily Chart

Litecoin (LTC) Technical Indicators Reading
Litecoin is at level 59 of the Relative Strength Index period 14. It indicates that the crypto is in the bullish trend zone and capable of a further upward move. The price bars are above the moving averages which suggest a further upward move of Litecoin. The altcoin is below 80% area of the daily stochastic. Litecoin has fallen to the oversold region. The Stochastic bands are sloping upward indicating the uptrend.

Conclusion
On the 4 –hour chart, Litecoin is in a downward move as it faces rejection at $192 resistance. The altcoin is retracing to the support above the 21-day SMA. Meanwhile, on October 14 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the crypto will fall to level 1.272 Fibonacci extension level or level $192.49.

LTC/USD – 4 Hour 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.

Cardano Price: Indecision Moment as Bears’ and Bulls’ Pressure at Equilibrium

19 October 2021 | Updated: 19 October 2021

ADA Price Analysis – October 19

A breakout at $2.30 resistance level may push the coin to $2.68 and $3.0. On the other hand, a breakout at the support level of $1.87 may reduce the price to $1.64 and $1.46 levels. However, the relative strength index is at 40 levels pointing down to indicate sell signal.

ADA/USD Market

Key Levels:

Resistance levels: $2.30, $2.68, $3.0

Support levels: $1.87, $1.64, $1.46

ADA/USD Long-term Trend: Ranging

Cardano is on the ranging movement in the long term outlook. The crypto reduced to $1.87 support level and the sellers’ momentum failed. The bulls have not enough pressure to push up the coin above the resistance level of $2.30. This scenario led to ranging movement within $2.30 resistance level and $1.87 support level.

ADAUSD Daily chart, October 19

The 9 periods EMA is interlocked with the 21 periods EMA while the price is hovering over the two EMAs. Ranging movement may continue until there is a breakout at south or north. A breakout at $2.30 resistance level may push the coin to $2.68 and $3.0. On the other hand, a breakout at the support level of $1.87 may reduce the price to $1.64 and $1.46 levels. However, the relative strength index is at 40 levels pointing down to indicate sell signal.

ADA/USD Medium-term Trend: Ranging

Cardano was ranging in the 4-hour chart last week. The price is range-bound within the resistance level of $2.30 and Support level of $1.87, this might be due to weakness in the bulls’ and the bears’ momentum. Low volatility may continue in the Cardano market until there is a breakout.

ADAUSD 4-hour chart< October 19

The 9 periods EMA weaves around the 21 periods EMA and ADA price is trading around the two EMAs. The Relative Strength Index period 14 is at 40 levels pointing down to indicate a sell 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.

GBP/USD resumes uptrend, battles the resistance at 1.3800

18 October 2021 | Updated: 18 October 2021

Key Resistance Levels: 1.4200, 1.4400, 1.4600
Key Support Levels: 1.3400, 1.3200, 1.3000

GBP/USD Price Long-term Trend: Bullish
Since September 30, GBP/USD has been in an upward move. The bulls have broken above the moving averages but faced rejection at level 1.3800 resistance zones. The pound is retracing to the support above the 50-day SMA. The uptrend will resume if the 50-day SMA support holds. Meanwhile, on October 5 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the pair will rise but reverse at level 1.272 Fibonacci extension or level 1.3723.

GBP/USD – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 55 of the Relative Strength period 14. It indicates that the market is in the uptrend zone and above the centerline 50. The currency pair is capable of a further upward move.

GBP/USD Medium-term Trend: Bullish
On the 4-Hour chart, the pair is in an upward move. The pound has broken above the moving averages. Further upside is likely. Meanwhile, on October 14 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the pair is likely to rise to level 1.618 Fibonacci extension or level 1.3835.

4-hour Chart Indicators Reading
The pair is below the 30% range of the daily stochastic. The market is in a bearish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. The Pound has a bullish crossover. That is the 21-day SMA crosses above the 50-day SMA.

General Outlook for GBP/USD
The GBP/USD price has broken above the moving averages as the altcoin resumes an upward move. The pound will rise if the price remains above the moving averages. The Fibonacci tool has indicated a further upward move to level 1.618 Fibonacci extension or level 1.3835.

GBP/USD – 4 Hour 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.

EURUSD Stays Below 1.1650, Price Action Hampers Euro’s Rebound

18 October 2021 | Updated: 18 October 2021

EURUSD Price Analysis – October 18

The EURUSD pair sought to recover from its 1.1571 low earlier in the day, but fell short at 1.1622, reverting to depths below the key 1.1650. In a larger sense, the pair is still unable to break above the October high of 1.1640. The rising attempts have been hampered by the risk-off market environment seen on Monday, with major European stock indexes in the red and Wall Street indecisive.

Key Levels
Resistance Levels: 1.1750, 1.1704, 1.1640
Support Levels: 1.1550, 1.1500, 1422
EURUSD Long term Trend: Bearish
The EURUSD gained traction on Monday after bulls paused at the 1.1618 mark the day before. A solid break above 1.1650 will pave the way for a bigger recovery and eliminate the current downside risk posed by weak daily momentum.

Additional gains must now exceed this area, as well as the immediate resistance line at level 1.1683, to permit a more durable recovery. The rally may continue to the next level of cluster resistance at 1.1704. It may continue to be the preferable scenario as long as the support level at 1.1525 maintains.
EURUSD Short term Trend: Ranging
The EURUSD’s intraday bias is unchanged, with the focus on the 1.1602 resistance turned support level. The decisive split will argue that the corrective downturn is over. The intraday bias will be switched to the upside for the re-test of the 1.1640 level.

The level of 1.1550, a support line from last week, is the first line of defense, followed by the level of 1.1525, a swing low reported earlier. The levels of 1.1640 and 1.1704 are the following lines to watch. The Relative Strength Index, on the other hand, is back at 60, indicating conditions past its midlines.

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.

Silver (XAG) Erases Gain Amid Positive Move Towards $23.50 Level

18 October 2021 | Updated: 18 October 2021

XAGUSD Price Analysis – October 18

Silver (XAG) positive fortunes faded around the $23.50 mark, with the price erasing its most recent thrilling bounce above the moving average of 13. During the Monday session, the commodity rose slightly and was last seen lingering near day highs in the $23.22 -$23.40 range.

Key Levels
Resistance Levels: $24.50, $24.00, $23.50
Support Levels: $22.87, $22.10, $21. 42
XAGUSD Long term Trend: Ranging
Today, the white metal has struggled and it’s unable to break above the top range of the surge around $23.50, it is currently trading in the red at $23.22 per ounce. Beyond the $23.50 mark, the bulls may regain a stronger grasp.

The XAGUSD pair is held by the rebound trend and the trend may remain in a recovery mode. A closing above today’s upper range, currently at $23.45, might signal a low rebound from the $21.42 level continuation of the rally that began in late September, paving the way for a break beyond the $23.50 barrier.
XAGUSD Short term Trend: Ranging
Silver (XAG) has a greater range on the 4-hour time frame from late September lows at a level of $21.42, suggesting potential upside. As a result, the metal continues to climb. It has already broken through the previous high of $23.00, signaling that the next upward phase is underway.

The pair is expected to find support at $22.87, and a break of that level might take it to the next level of $22.10 support. The pair is expected to hit its initial critical resistance around $23.50, with a break taking it to the next level of resistance at $24.00.

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.

AUDJPY Retains Its Bullishness as the Price Climbs to 84.220

18 October 2021 | Updated: 18 October 2021

AUDJPY Price Analysis – October 18

AUDJPY retains its bullish instinct even as the price climbs to the 84.220 key level. The movement of AUDJPY has been rather straightforward in the past few days, and that is because price retains its bullish impulse. This is shown in consecutive strong bullish candlesticks lined up from the 7th of October. This bullish instinct has helped the market evade multiple significant levels.


AUDJPY Significant Levels

Resistance Levels: 81.500, 81.900, 84.220
Support Levels: 80.260, 78.850, 78.140

AUDJPY retains its bullishAUDJPY Long Term Trend: Bullish

The market started and completed its reversal process using a triangle formation. The pattern began as price touched down at the 78.140 price level, where the reversal effectively started. As the market tapered down the triangle pattern, the 80.260 support was the hinge level that bulls leveraged to break out upwards. Hence, from the 24th of September, price climbed to the level and cranked with the upper border of the triangle till it broke upward.

AUDJPY displayed a sudden surge in market volatility to break out of the triangle formation and also to climb to 83.110. However, the ATR (Average True Range) indicator shows that market volatility has thereafter simmered down and is already taking a dipping position. Taking this in conjunction with the display of the Stochastic Oscillator, which has climbed deeply into the overbought region, a retracement is likely on the cards.

AUDJPY retains its bullish AUDJPY Short Term Trend: Bullish

On the 4-hour chart, there is already a pullback in the market. The price is retracing its steps towards the key level of 84.220. The market is expected to retest this level to continue its upward movement as AUDJPY retains its bullishness. The Stochastic Oscillator, in accordance, is already plunging from the overbought zone to confirm this.

AUDJPY is expected to continue its bullish agenda to reach a 3-year high at 85.830.

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.