NASDAQ 100 (NAS100) Continues Bullish Run, Battles Level 15700 Resistance

NASDAQ 100 (NAS100) Continues Bullish Run, Battles Level 15700 Resistance

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 index has been rising consistently. Presently, the upward move is facing resistance at the recent high. The NASDAQ 100 rose to level 15700 and it was repelled. Meanwhile; on September 1 uptrend a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extensions or level 15970.56.

NAS100- Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 58 of the Relative Strength period 14. It indicates that NAS100 is in the bullish trend zone and capable of rising on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend. The price bars are above the moving averages which suggest a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, NAS100 is in a sideways move. Buyers could not push the index above the 15700 overhead resistance. On September 10, NAS100 was repelled as it dropped to level 15440. Meanwhile; on August 31 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 15913.62.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. The index is rising to retest the 15700 overhead resistances.

General Outlook for NASDAQ 100 (NAS100)
The index has resumed an upward move to retest the 15700 overhead resistances. NAS100 is likely to resume upward as the crypto’s price is above the moving averages. The uptrend is likely to resume if price breaks above the 15700 overhead resistance.

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NASDAQ 100 (NAS100) Breaks above Level 15200, Targets Level 15558.66

NASDAQ 100 (NAS100) Breaks above Level 15200, Targets Level 15558.66

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 price has broken above the resistance at level 15200. The index is trading and approaching the overbought region. Further upside is unlikely. Meanwhile; on August 25 uptrend a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extensions or level 15558.66.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 66 of the Relative Strength period 14. It indicates that the index is approaching the overbought region of the market. The upward move may terminate at the arrival of sellers at the overbought region. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the bulls have broken the resistance at level 15200. The price consolidated above level 15200 support and resumed upward. The index is likely to rise as it is above the moving averages. Meanwhile; on August 25 uptrend a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extensions or level 15530.98.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. The upward move is unlikely as the market reaches the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an uptrend as price breaks above the moving averages. NASDAQ 100 is rising as it breaks above the overhead resistance at level 15200. However, the uptrend is likely to be shortlived as the market reaches the overbought region


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EURJPY Set To Continue Rally to 130.00 Barrier Zone Post-Powell Speech

EURJPY Set To Continue Rally to 130.00 Barrier Zone Post-Powell Speech

EURJPY Price Analysis – August 27

The EURJPY continues its advance from the 129.15 intraday lows towards the 130.00 near-term high. At the time of this analysis, the EURJPY is trading up at 129.72. Following the announcement of Fed Chair Powell’s address at the Jackson Hole Symposium, his statements caused the US currency to fall across the board boosting the EUR.

Key Levels
Resistance Levels: 131.00, 130.50, 130.00
Support Levels: 128.58, 128.00, 127.50
EURJPY Long term Trend: Ranging
In a broader sense, a rise from level 127.93 is considered as a medium to long-term rising phase inside a long-term sideways trend. A further gain is expected as long as the 129.13 support level holds. The market has lately bounced past the moving average of 5&13.

A sustained breach of the 129.62 level might target the level of 130.00 and the next 130.50 level. Even so, the continuous breach of the 129.62 level may imply that growth has been accomplished from the 121.61 low level, while later refocusing attention on this low.
EURJPY Short term Trend: Ranging
EURJPY rebounds from the 127.93 level is still on, and the intraday bias remains slightly to the upside for a sustained break of the 129.62 level. We can expect a bigger comeback from 129.13 levels to pick up later, with a breach of the 130.00 marks, as a reversal from 134.12 to 127.93 has been supported at 129.13 levels.

On the downside, a violation of the 128.58 minor support level could signal the end of the comeback from the 127.93 level. Intraday bias may shift back to the downside at the 129.13 support level if EURJPY fails to break towards 130.00.

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Binance (BNBUSD) Price Rally Stalls at $503 Resistance Level

Binance (BNBUSD) Price Rally Stalls at $503 Resistance Level

BNBUSD Price Analysis – August 27

Should the resistance level of $503 holds, the price will bounce off the level and face the support level of $433, $420 and $364. In case, the bulls are able to break up $503 level, Binance coin may increase to $599 and $678 levels.

BNB/USD Market

Key levels:

Supply levels: $503, $599, $678

Demand levels: $433, $420, $364

BNBUSD Long-term Trend: Bullish

BNBUSD is bullish on the long-term outlook. Buyers are in control of Binance coin market for more than two weeks. The crypto increases to the high of $503 after passing through barriers at $364 and $433 levels. The resistance level of $503 was reached on August 23 and it is consolidating at the level since then. It is trying to break up the level.

BNBUSD Daily chart, August 27

The fast moving EMA (9 periods) retain its position above the slow moving EMA (21 periods). The Binance Coin is trading above the two EMAs which indicate that bulls are holding unto the Binance Coin market. It seems the bulls’ pressure is becoming weak and the price may reverse. Should the resistance level of $503 holds, the price will bounce off the level and face the support level of $433, $420 and $364. In case, the bulls are able to break up $503 level, Binance coin may increase to $599 and $678 levels. The relative strength index period 14 is at 60 level with the signal line pointing down to indicate sell signal.

BNBUSD medium-term Trend: Bullish

Binance coin is bullish on the 4 hour chart. The resistance level of $503 was tested twice. The first touch was on August 23 and the second test was on August 26. The level is significant and holding the price. The bears seize the opportunity to increase their pressure and the price repelled from the level. It is currently facing the support level of $433.

BNBUSD 4-hour chart, August 27

The Binance Coin is trading below 9 periods EMA and 21 periods EMA which indicate that sellers are taken over Binance coin market.

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EURUSD Rises Past 1.1700, With Limited Potential on Dismal Euro Data

EURUSD Rises Past 1.1700, With Limited Potential on Dismal Euro Data

EURUSD Price Analysis – August 23

During the American session at the start of the week, the EURUSD pair traded near a daily high of 1.1743, extending Friday’s rally off lows near the 1.1660 level. In August, however, data in Euroland showed that German and EMU PMIs fell short of forecasts.

Key Levels
Resistance Levels: 1.1908, 1.1850, 1.1804
Support Levels: 1.1704, 1.1650, 1.1602
EURUSD Long term Trend: Bearish
The EURUSD pair extends Friday’s recovery from new 2021 lows near 1.1660 to the 1.1700 level and beyond at the start of the week. Recent oversold conditions in the pair sparked a corrective move, which now finds resistance in the 1.1800 area.

Above 1.1800, selling pressure is likely to weaken, allowing the spot to climb to 1.1900, where it is expected to struggle. In the meanwhile, the pair has a bearish medium-term view when trading below the crucial moving average of 13, which is currently at 1.1750.
EURUSD Short term Trend: Bearish
The EURUSD pair stays negative in the short term from a technical standpoint and according to the 4-hour chart. Although the price of the pair climbed after approaching a bullish crossover of the moving average 5 over moving average 13 on the 4-hour chart.

Meanwhile, the pair is confronting a short-term barrier at 1.1750, while technical indicators are moving upward. If the pair rises above 1.1750, the immediate resistance level, further gains are likely to approach the 1.1804. Just over 1.1700, the pair is flirting with the crucial 1.1750. If the latter is surpassed on a short-term basis, it should open the way for more gains in the near future.

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Dollar Rally Strengthens, Triggers Selling Pressure on Cable

Dollar Rally Strengthens, Triggers Selling Pressure on Cable

On Thursday, renewed pressure in the GBP/USD was triggered by strong follow-through dollar buying. The US dollar inched up against the euro as the FOMC Minutes revealed that tapering will most likely begin around the close of the year. This comes after several Fed officials, including erstwhile doves, have made remarks in the last two weeks with a very hawkish tone. At 93.15, the dollar index was marginally higher.

GBP/USD pair sank to near one-month lows, at 1.3656, before recovering a few pips. The pair was last seen trading slightly around 1.3660, down more than 0.45 percent on the day. Following the previous minor recovery, the GBP/USD pair came under further selling pressure, extending its current drop from the key psychological level of 1.4000. Several variables combined to propel the US dollar to its highest level since November 2020, which was viewed as a major factor in dragging the GBP/USD pair lower.

The US Dollar Index (DXY) is at an all-time high. The Federal Reserve is still on the verge of tapering, but global prospects are deteriorating as a result of Delta. While Jackson Hole may disappoint, fresh DXY highs beyond that are still possible as the Q4 taper announcement approaches.

Investors are nonetheless concerned that the coronavirus’s fast-spreading Delta form could derail the global economic recovery. The equity markets were a sea of red, indicating this. Aside from that, predictions that the Federal Reserve will begin tapering its asset purchases later this year prompted investors to seek refuge in the traditional safe-haven currency, the US dollar.

Dollar/Cad Begins Its Upward Trajectory, Aims for the 1.2870 High

USD/CAD continues to rise rapidly after breaking above its 200-day average and, more significantly, its latest high of 1.2817 to signify the conclusion of a closer base. The fact that the market has a much larger multi-month basis should indicate that the uptrend is restarting.

For a retest of 1.2870 resistance, the intraday bias in USD/CAD remains on the upward. Following a firm break, the increase from 1.2005 to 1.3022 Fibonacci level will resume. On the downside, a breach of minor support around 1.2597 will shift intraday bias to the downside, extending the corrective pattern from 1.2805 with a new plunge.

Further, then the earlier level, resistance is indicated at the year’s highs near 1.2870/81, which can reinforce a grounding tale. The ‘defined base target’ continues to point to a move to 1.3022, which is also the 38.2 percent retracement of 2020/2021 fall, where we would expect a stronger cap. Closer support shifts to 1.2687, then 1.2649/43, with yesterday’s low around 1.2599 currently holding ideally to maintain the significant danger higher.

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Monero (XMR) Price Is Range-bound Within $281 and $244 Price Levels

Monero (XMR) Price Is Range-bound Within $281 and $244 Price Levels

Monero (XMR) Price Analysis: August 15

The breaking up of the resistance level of $281 may result to further price increase towards the resistance levels of $322 and $361. Failure to break up the resistance level of $281 may send the price down to the support levels of $244, $189 and $161.

Key Levels:

Resistance Levels: $281, $322, $361

Support Levels: $244, $189, $161

XMRUSD Long-term Trend: Ranging

On the daily chart, XMRUSD is on the ranging movement. Monero price could not break up the $281 contrary to traders’ sentiment; more buyers were in the market than numbers of sellers. In addition, the support level of $44 holds, likewise the resistance level of $281. The coin resulted to ranging movement within the mentioned levels.

XMRUSD daily chart, August 15

The price is trying to break up the resistance level of $281 as Buyers are exerting pressure on the Monero market. The price is trading above the 9-day EMA and the 21-day EMA on the daily chart. The break out of the resistance level of $281 may expose the price to the resistance levels of $322 and $361. The break down of the support level of $244 may decrease the price down to the support levels of $189, and $161 price levels.

XMRUSD Price Medium-term Trend: Ranging

Monero is ranging on 4-Hour chart. The bulls pushed up the price to break up the resistance level of $244. The bulls lose the momentum when the price reached the resistance level of $281. The price has tested the level for three times and the level still holds. The bears have low pressure and the support level of $244 could not be penetrated.

XMRUSD 4 hour chart, August 15

The 9-day EMA is interlocked with the 21-day EMA and the price continue to hover around the two EMAs, which indicate that bulls’ and bears’ momentum is weak. The relative strength is at 50 levels with the signal line displaying sell signal

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Ethereum (ETH) Price Analysis: Ether Faces Rejection From $3,172 High, May Find Support Above $2,910

Ethereum (ETH) Price Analysis: Ether Faces Rejection From $3,172 High, May Find Support Above $2,910

Key Highlights
Ethereum retraces to the $2,910 support
Ether fell to the oversold region of the market

Ethereum ETH) Current Statistics
The current price: $2,937.93
Market Capitalization:$343,825,159,518
Trading Volume: $28,397,784,483
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis August 9, 2021
Ethereum is falling after reaching a high of $3,172. As the biggest altcoin retraces, it will fall to the next support. Ether is likely to retrace to the support above $2,900. Before the recent fall, crypto has been trading in the overbought region of the market. Nonetheless, if the current support holds, the altcoin will commence the resumption of an upward move.

ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether has fallen to level 67 of the Relative Strength Index period 14. It was overbought at the high of level 80 of the Relative Strength Index period 14. The crypto has retraced to the bullish trend zone. The altcoin is below the 25% range of the daily stochastic. The biggest altcoin has fallen to the oversold region of the market. Buyers are likely to resume upward.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is in a downward move. The altcoin fell after rejection from the recent high. Meanwhile, on August 8 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.618 Fibonacci extensions or level 2874.22

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Ethereum (ETH) Price Analysis: Ether Hovers Above $1, 860, Downtrend Is Likely

Ethereum (ETH) Price Analysis: Ether Hovers Above $1, 860, Downtrend Is Likely

Key Highlights
Ethereum hovers above $1,860
The biggest altcoin may resume selling pressure

Ethereum ETH) Current Statistics
The current price: $1,887.75
Market Capitalization:$218,682,298,326
Trading Volume: $12,916,256,319
Major supply zones: $2,800, $3,000, $3,200
Major demand zones: $2400,, $2,200, $2,000

Ethereum (ETH) Price Analysis July 18, 2021
Ethereum is in a downward move as price hovers above the previous low at $1,755. The selling pressure is likely to resume if price breaks below the previous low. The biggest altcoin is trading marginally because of the presence of small body candlesticks called Doji. Meanwhile, on June 12 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 2.0 Fibonacci extensions . That is at level $1,621.30. From the price action, the market is hovering above $1,860l.

ETH/USD – DFaily Cjhart

ETH Technical Indicators Reading
Ether is at level 40 of the Relative Strength Index period 14. The coin is in the downtrend zone and below the centerline 50. Ether is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. The implication is that buyers are likely to emerge in the oversold region.

ETH/USD – 4 Hour Chart

Conclusion
Ethereum is likely to resume a fresh downward move as the altcoin faces rejection at $2,9. Meanwhile, on July 14 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is level $1,677. 79.

You can purchase crypto coins here: Buy Tokens

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


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Bank of Canada on the Agenda As Kiwi Receives Boost on RBNZ

Bank of Canada on the Agenda As Kiwi Receives Boost on RBNZ

Following its July policy meeting, the Bank of Canada (BoC) kept its benchmark rate at 0.25 percent, as expected. The Bank of Canada, on the other hand, chose to lower the weekly net asset purchase objective for government bonds from C$3 billion to C$2 billion.

The New Zealand dollar has risen sharply after the Reserve Bank of New Zealand (RBNZ) announced the end of its asset purchase program. The Australian dollar is also somewhat higher as a result of the movement.

Dollar, on the other hand, is unable to sustain the post-CPI gain and weakens marginally. The main European majors are going through a period of uncertainty. The emphasis will now shift to the Bank of Canada’s policy announcement and the Canadian Dollar’s reception.

On Wednesday, the New Zealand currency rocketed past the symbolic 70-dollar mark. NZD/USD is currently trading at 0.7015, up 1.07 percent on the day.

The RBNZ surprised the markets by announcing the end of additional asset purchases under the Large Scale Asset Purchase Program (LSAP) until 23 July. Meanwhile, OCR remained unchanged at 0.25%. And the Lending Financing Program has been maintained. The committee agreed that “the level of monetary stimulus can now be reduced to minimize the risk of not meeting its mandate.”

The central bank said the economy “remains robust” despite the continued impact of international border restrictions. Cumulative economic activity is already “above pre-COVID-19 levels.” He expected “short-term spikes” in the main CPI in Q2 and Q3, reflecting “one-off” or “temporary” factors. In the absence of any further significant shocks, “more sustained consumer price inflation pressures are expected to build over time due to growing pressures on domestic manufacturing capacity and growing labor shortages.”

The Decision of the Bank of Canada on Monetary Policy

The Bank of Canada (BoC) is expected to keep its benchmark interest rates unchanged at 0.25 percent when it releases its next monetary policy update at 14:00 GMT on Wednesday. Economic developments since the June meeting imply the Bank of Canada will keep its positive tone while reducing its pandemic-era quantitative easing (QE) program from C$3 billion to C$2 billion.

The Bank of Canada is expected to keep its forward guidance for the first interest rate hike in the second half of 2022 in the accompanying policy statement. Aside from that, policymakers will present the most recent economic forecasts. At 15:00 GMT, there will be a news conference following the meeting.

Growth prospects for a significant adjustment in policy stance are minimal, implying that the outcome will not be a game-changer for the USD/CAD pair.

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