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EOS Begins A Gradual Rally; Can It Reach The Resistance Level At $6?

Key Resistance Levels: $5, $6, $7
Key Support Levels: $3, $2,$1

EOS Price Long-term Trend: Bullish
EOS is in a bullish move but it is encountering penetration at the $3.70 price level. The market pulls back and continues to trade below $3.70. EOS has made concerted efforts at the resistance so as to move up the price ladder.

Previously, the bulls have successfully prevailed over the downtrend line as the coin moves up. Similarly, if the current resistance level is surmounted, the coin will move up again to either $4.60 or $5 price level. Nonetheless, if EOS fails to move up, the coin will fall and find support at $3.20.

EOSUSD - Daily Chart
Daily Chart Indicators Reading:
The RSI period 14 levels 58 signify that EOS is falling and approaching the sideways trend zone. EOS is at the point of a bullish crossover which means that EOS may rise. The downtrend line has already been broken as the market went up. It is unlikely for the selling pressure to resume and price fall below the downtrend line. If it does price may retrace to a low of $ 3.20.

EOS/USD Medium-term bias: Bullish
On the 4-hour chart, the EOS fell to a low of $2.60 in September and October to resume a bullish move. In September, the market went up but was resisted and it dropped to another low at $2.60.

At this low, a trend line is drawn to establish the level of price movement. The uptrend is said to be continuing if the price makes higher highs and higher lows. Nevertheless, if the market falls and breaks below the trend line, the uptrend is said to be ended.

EOSUSD- 4-Hour Chart
4-hour Chart Indicators Reading
EOS is below 40% of the stochastic indicator signifying that price is in a bearish momentum. The EMAs are trending upward suggesting that EOS is rising.

General Outlook for EOS
EOS is in a bullish market. At a low of $2.60 in September the bull market was short-lived as it was terminated at $3.20 price level. The bulls embarked on another bullish move in October but faced another resistance at $3.70 after breaking the initial resistance at $3.20.

As already indicated in the price analysis, EOS may move up, if it takes care of $3.70 price level. However, on the 4-hour chart, if EOS pulls back and breaks below the trend line, the market will drop again.

EOS Trade Signal
Instrument: EOSUSD
Order: Buy
Entry price: $3.40
Stop: $2.50
Target: $6.0

Source: https://learn2.trade

Tips On How Best To Handle Bitcoin Market Crashes

In a scenario where the price of Bitcoin is crashing, what would be the best reactions to take?

Below are a few things an investor can do to weather the storms of a market crash.

Maintain a Calm State of Mind
Trading Bitcoin mandates that one has a disciplined mind state, meaning that your emotions must be in check at all times. Allowing your emotions to cloud your judgment in unfavorable market conditions is never the best option and in most cases, ends in disappointment and regrets. What you should do instead is take a break, evaluate what is happening and make logical decisions.

Most times, it is best to do nothing rather than taking an action that might end up going against you.

Try Not to Obsess
Sitting in front of your screens all day is not going to change anything happening in the markets. Spending time making analysis and plotting charts is fine, but don’t waste hours obsessing over the predicament you might be facing. It is advisable to engage yourself with something more constructive.


However, if you still have to trade, select a limit order and move on to something else.

Do Not Lose Focus of the Main Aim
The fact that Bitcoin may be facing a crash at a time does not mean that the overall demand for Bitcoin is gone, it is usually just a temporary downturn. The crypto market possesses the most assorted investor base of any other sector, it is safe to say that the market will almost certainly bounce back.

Always adhere to your trading strategy. Do not let the current situation drive you to make drastic trading decisions only for the market to turn around days later, causing you further losses or opportunities.

The crypto market is an extremely erratic playing field and huge plunges and rallies are always expected.

Source: https://learn2.trade

Fall Reversal On The EURJPY After Tumbling Below The Key Technical Support Level At 120.35

EURJPY Price Analysis – November 1
EURJPY currency pair tumbled and breached a significant horizontal zone on the level at 120.35 during yesterday’s trading session. As for the near future, buyers on EURJPY may take the exchange rate back to the upside to retest the price level at 121.10/121.47 within this session or the following trading session.

Key Levels

Resistance Levels: 127.52, 125.23, 123.37

Support Levels: 119.11, 117.08, 115.86

EURJPY Long term Trend: Ranging
In the EURJPY longer-term picture, the present scenario reinforces the idea that a medium-term bottom is formed around the lower horizontal zone at the support on the level at 117.08, on a bullish structure trendline in daily outlook, above the level at 115.86 critical support.

However, a decisive break of the level at 120.78 support turned resistance may reinforce this case and bring further advance to the falling outlook resistance presently on the level at 125.23. The FX pair displays weakness for the time being (as per its long term downtrend) with just the medium-term pattern as yet being bullish.

EURJPY Short term Trend: Ranging
The flipside of the EURJPY is remaining in consolidation from the level at 121.47 and it’s intraday bias at the current moment stays neutral. Meanwhile, in the likely event of a deeper plunge, its downside may be restricted above the level at 119.11 support to bring another rally to the upside zone.

As for the near future, buyers on EURJPY may take exchange rate back to retest the price level at 121.10/121.47 on the upside, a break of the level at 121.47 may re-energize the advance from 117.08 to the level at 123.37 next.

Instrument: EURJPY
Order: Buy
Entry price: 120.78
Stop: 119.11
Target: 123.37


Source: https://learn2.trade

Na them sabi.


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal

Do you want to be a flight attendant also?

I don't think there is.

Na you sabi.


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal

Brexit Aftermath: The Market Reaction Of Bitcoin, Gold And Pound Sterling To Headline News In The EURO Zone

After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath?

As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government and the EU, everyone is on the lookout for the final date Brexit will conclude. And based on this scenario, an analysis is drawn on the aftermath of this separation in the politics of the EURO bloc and the effect on the price of Bitcoin, Gold and pound sterling.

Bitcoin: Since the start of Brexit, Bitcoin’s market cap had spiked higher and recovered about $10 billion worth. Before Brexit, the cryptocurrency of the first choice had been stable in price after crashing to a market cap of about $2.9 billion low around January 2015. However, after the crash, the cryptocurrency had spiked to about 300% within 18 months while the next super halving of the project is expected on the network from 25 to 12.5 fresh Bitcoin’s per 10 minutes.

As of mid-2016, the most liquid GBP market was the London based Coinfloor exchange. The exchange did around 772 Bitcoins’ worth of volume that day, valued back then at around $4.9 million, with data from the technical back end at the Trading view.

The Pound Sterling: The British national currency had crashed by almost 20% on the night of the vote after hitting a momentary high of about $1.5 versus the USD for about 8 months. Since crashing to a low of about $1.2 as at March 2017, the Pound sterling had rallied 6% within a 4-week time frame, after the UK parliament decided to vote and activate the Article 50 while then the Brexit journey began for the UK taking it two years to discuss its planned exit from the EURO bloc.


Gold: The safe-haven asset also spiked higher around the same time frame from mid-March to mid-April 2017 with its price rising about 7% versus the USD. Nevertheless, this scenario didn’t play out on Bitcoin as in March 2017, beginning with its price at $1000, Bitcoin had surged to hit an all-time value of about $1300, as a result of markets expectation for a Bitcoin ETF being endorsed. However, after its nullification was declared on 10th March 2017, the cryptocurrency fell to a low of about $888 which occurred concurrently with the UK’s law passage for its exit from EURO bloc. Ever since then as the UK’s Brexit discussions with the EU raged on, so did the Pound against the US-dollar and Bitcoin gained more to its price.

Bitcoin, Gold, and Pound Sterling Reactions to Brexit
During this timeframe transversing Brexit discussion and its process, the Pound lost the majority of its 15% gains recovered, to tumble from a high of $1.43 to hit $1.20 on 3 September. In a similar multi-day timeframe, gold broke out of its basic $1400 resistance level to rally 15% versus the US-dollar. While Bitcoin gained higher, then again, stayed on the level around $8,000—yet the genuine story of those 17 months incorporates the cryptocurrency crashing towards $3,000 (December 2018) preceding the move spiking to a high of almost $14,000 in June this year.

Source: https://learn2.trade

Despite Running To The Highest Close In Six Months, GBPUSD May Fail To Reverse

GBPUSD Price Analysis – October 20
The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with this scenario, the pair is likely to gap while it reopens on Monday morning in Asia (Sunday evening in the US).

Key Levels
Resistance Levels: 1.3301, 1.3185, 1.2988

Support Levels: 1.2582, 1.2204, 1.1958

GBPUSD Long term Trend: Bullish
On the daily picture, the bulls took charge in the previous session and exited the day above its opening price, however, the pair failed to move past the prior’s day’s trading range and the price likewise failed to reverse below the previous day’s range.

The GBPUSD had rallied upwards to as high as the level at 1.2988 last week, before forming a temporary top there. In the case of a reverse, the fall may be contained by the level at 1.2582 resistance turned support to bring rise resumption.


GBPUSD Short term Trend: Bullish
An impermanent top is structured on the level at 1.2988 and intraday bias in GBPUSD stays on the upside. A few consolidations may be seen. Be that as it may, any pullback ought to be contained above the level at 1.2582 support to bring rise resumption.

Meanwhile, on the upside, a break of the level at 1.2988 will stretch out the recovery from the level at 1.1958 to 1.2582 from 1.2204 at 1.3185 next. Without bias analysis, the outlook is bullish and displaying an intact uptrend in the short and long-term.

Source: https://learn2.trade

Renmoney - some people commend the company and some people berate them.

The Economic Proscription of U.S. Farmers by China Maybe Forever

Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible.

It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever.

Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues.

The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday.

This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later.

For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins.

From the detailed analysis:
“The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.”



China Receives Blames for the Pressure
And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items.

Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall.

There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case.

“Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared.

Source: https://learn2.trade

USDCHF Breaks Below Its near Term Support Zone on the Level at 0.9926 but Recovers Abruptly

USDCHF Price Analysis – October 8
The FX pair breaks below the horizontal zone on the level at 0.9926 but reverses again after recovering from its early selling pressure. The USDCHF was able to find buyers again around the level at 0.9908.

Key Levels

Resistance Levels: 1.0231, 1.0126, 1.0015

Support Levels: 0.9897, 0.9870, 0.9843

USDCHF Long term Trend: Ranging
The price of the pair has moved back towards the moving average of 5 and 13 areas on the level at 0.9950. This area requires to be broken to give buyers more upside potential to move higher.

However, the decisive break of the level at 1.0231 is required to indicate bullish resumption. Meanwhile, the medium and longer-term may remain neutral first.

USDCHF Short term Trend: Bearish
After trending downwards to about 50 pips lower after the open, the forex pair managed to reverse during the session as bulls took control and may exit the day above its opening price.

The USDCHF’s pull back from the level at 1.0015 extends lower today but stays well above the lower horizontal zone on the level at 0.9843 support. While still in a long-term uptrend, the short trends have turned bearish already.

Source: https://learn2.trade

AUDUSD Discovers Its Potential for the Upside Movement as Buyers Lean on the Key Support Level

After discovering its potential for the upside movement, AUDUSD has appreciated against the greenback since the prior trading session. The FX pair had exited the prior session above its opening price after recovering from early selling pressure.

Key Levels
Resistance Levels: 0.6895, 0.6805, 0.6776
Support Levels: 0.6671, 0.6620, 0.6600

AUDUSD Long term Trend: Bearish
Despite trading down to the level at 0.6671 earlier during the previous session, the FX pair had bounced off the horizontal support zone. Meanwhile, its failure to close below the support level might increase the zones’ significance as support going forward.

However, if the currency pair breaks the support level, bears could drive the price towards the lower boundary of the horizontal support zone on the level at 0.6620 during the following trading session.

AUDUSD Short term Trend: Bearish
On the flip side of the 4-hour chart, showing the level at 0.6740 minor resistance intact, it’s intraday bias stays on the downside. And the decisive break of the level at 0.6671 low will resume the larger downtrend.

While on the upside, the level at 0.6776 minor resistance is likely to turn bias back to the upside for stronger recovery first, and outlook stays bearish, showing an intact downtrend in the medium and long-term.

Source: https://learn2.trade

Lawmakers Pen Down Concerns to the Fed Over National Digital Currency

Two United States lawmakers have urged the Federal Reserve to evaluate the possibilities of creating a digital dollar currency.

House of Representatives members, French Hill and Bill Foster recently sent a letter to the Federal Reserve Chairman Jerome Powell, expressing the concerns they have on the implications the US dollar would face in a likely scenario where another country or private company develops a widely used digital currency. They asked if the apex bank was exploring ways to develop their version.

The details of the letter were first published by Bloomberg Law which recounts how the Fed possesses the right to create and oversee currency policies.

The congressmen wrote that the central bank of the United States had it on its jurisdiction to create a national digital currency. They added that they were worried that the importance of the US dollar could be put in a long-term danger by the adoption of digital fiat currencies across the globe. They wrote that the Bank for International Settlements carried out a survey and discovered that 40 countries across the globe have developed or are planning on developing a digital currency.

There have been demands for the global financial system to gravitate away from the dollar. Most peculiar of these calls was when the Bank of England governor, Mark Carney proposed that a digital currency supported by a basket of other financial instruments will assist nations in making this change.

According to the letter, Foster and Hill wrote that cryptocurrencies are presently used for speculative functions in the United States, but have the potential to function as the traditional currency of the future. Also, they wrote that the country shouldn’t depend on private corporations to create digital currencies.

The letter categorically made mention of Facebook’s cryptocurrency project, Libra. They wrote that if this project by Facebook gets implemented, it could eliminate vital aspects of financial administration outside of the United States jurisdiction.

The letter went on to cite recent efforts by private corporations like J.P. Morgan and Wells Fargo.




Further Suggestions

The letter articulates some concerns like what measures is the Fed taking to develop a digital currency, what backup plans the organization were taking if a digital fiat currency gains momentum, what legal or regulatory issues could impede the Fed from assembling a digital currency, what market threats could confront the Fed’s digital currency when it is released and finally, what were the advantages to taking on this project.

However, US Reps. Foster and Hill are not the only ones suggesting that the Fed looks into developing a digital currency. In 2018, former Federal Deposit Insurance Corporation Chair, Sheila Bair, likewise suggested that the Fed create its digital currency to prevent disruption from the private sector and other nations.

Nonetheless, the Fed is planning on creating a real-time payment system, although it is uncertain if the system is cryptocurrency-based.


Source: https://learn2.trade

Yes, they're.

People won't learn their lessons.


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal

Forget about them. They're scammers. They won't pay you your commissions and if you send them messages to ask for your commissions, they will ignore you.

You won't experience this until you want to withdraw your commissions. Then it would dawn on you that you've wasted your time, energy and resources to add value to them.

China’s New Cryptocurrency

China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay.

In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the purposes and the need for the new digital currency. He stated that the central bank needed to evolve from the use of traditional paper currency and delve into electronic payment methods which are making strong advances around the world. He said that the digital currency would be a realistic way to protect monetary sovereignty and legal currency status, stating that this digital currency initiative was a way of planning for a rainy day.

He also mentioned that digital currency would be as safe as the traditional central bank-issued paper notes and that it could even be used without requiring an internet connection. This offline feature is one of its major selling points as monetary transactions can still be carried out even in the face of communication breakdowns resulting from natural disasters like earthquakes, tsunamis and so on.

In 2014, the Chinese central bank set up a research party to explore the possibilities of a China-based digital currency to reduce the costs of producing and circulating paper money, which in turn would boost policymakers’ control over the supply of money.

Information about the development of this new digital currency was unknown to the public until last month when Mu announced that the innovation was almost ready.

US-based financial magazine Forbes has made claims that the currency would be ready by November 11.

Analysts are saying that the announcement made by social media giants, Facebook on the release of its digital coin, Libra, is the reason for the acceleration of the push towards digital currency by the PBoC.

Mu made mention of how the new digital currency would strike a balance between allowing anonymous payments and preventing money-laundering as compared to Libra. Although the Chinese digital currency may bear some resemblances with Libra, it would possess characteristics that even Libra didn’t have.

Facebook’s Libra
Facebook’s Libra has sparked a lot of worries among global regulators that it could become the predominant digital payment format and could become a medium for money laundering considering the social media’s wide reach.

Libra is said to be a digital currency that would be backed by several real-world assets, including bank deposits and government securities, and it will be held by a network of stewards. The structure of Libra is predicated on promoting trust and to stabilize its price.

Finally, Mu further discussed the superiority of the digital currency over altcoins was that others could go bankrupt and cause its users huge losses. Thus he said, can never be the case of PBoC’s new currency.

Source: https://learn2.trade

Facebook’s Libra To Apply For Licence In Switzerland

Swiss financial regulators have signaled that Facebook’s cryptocurrency, Libra is mandated to meet up to extra requirements besides acquiring a payment system license before they can begin operations in the region.

In a recent press release, the Swiss Market Supervisory Authority (FINMA) explained that the diverse services projected by Libra have created the need for adding the requirements being imposed. They stated that due to the issuance of payment tokens by Libra, the operations planned by Libra would clearly exceed those of a pure payment system and therefore should be subjected to such extra requirements.

The Extra Regulatory Requirements
According to FINMA, the extra requirements would be targeted specifically at liquidity, risk concentration and capital allocation.

The financial regulators of Switzerland have also noted that the management of Libra is another element necessitating the demand for Facebook to meet extra requirements concerning its cryptocurrency initiative.

In the launch of the Libra white paper in June, Facebook noted that the reserve would be controlled by a web of custodians who would be spread across different geographies. The so-called custodians will be mandated to possess an investment-grade credit rating.

Also, Facebook noted that the real assets used to back the Libra cryptocurrency would be a selection of low-risk assets such as bank deposits and government securities.




What Form Will these Extra Libra requirements take?

According to FINMA, the extra regulatory requirements that Libra would have to meet would be nothing different from what other participants in the financial markets have to adhere to.

For example, Libra would be expected to be exposed to certain bank-like rules such as a large simultaneous number of withdrawals of Libra coin by users would have to be palliated by the application of certain bank-like regulatory requirements. This means that Facebook would be required to obtain a banking license. This idea has been pushed for in the past by U.S. President, Donald Trump.

FINMA also mentioned that Libra’s international range will mandate a globally coordinated approach. This new development would drastically delay the launch of the cryptocurrency.

U.S. Pressures Switzerland over Libra Cryptocurrency
Switzerland is under intense pressure from the United States to ensure that its cryptocurrency regulations are not prone to misuse. Facebook chose the Central European nation as its hub because of the country’s progressiveness towards FinTech.

According to a report by the Wall Street Journal, officials from Switzerland and U.S. Held a meeting in Switzerland earlier this week, where they discussed matters surrounding the new cryptocurrencies regulations.

The U.S Undersecretary of the Treasury for Terrorism and Financial Intelligence, Sigal Mandelker, emphasized his concerns over the need to have regulations strong enough to fend off bad actors. He mandated that the Swiss handle these concerns with all importance.


Source: https://learn2.trade

This is a scam. They have duped many people.... Promising to double their money everyday.

If this was possible, evey Nigerian would be rich.

They are smart liars and a group of fraudsters, who will do everything possible to convince you they're genuine and God-fearing.

Once they collect your money, they remove you from their group. You can't even comment so that others won't know they're criminals.

Those who share fake testimonies are part of a large group of the scammers... And they're the ones that can post.. In order to deceive people that this is real.

The alerts they show you are actually alerts of funds sent by their victims (mumus/magas, who want to become rich by having their monies doubled).

They're now targeting WhatsApp, Telegram, Facebook and Instagram, looking for victims to join them. They have no websites and no offices... Even if they do, they can always pull the websites and move offices and remove their SIMs.

You can only PM the admin that will eventually block you once they succeed in stealing your money.

And they are desperately looking for more victims.

Please run for your life.

Yes, noted.

AUDUSD in a Continuous Bearish Market Breaking past Key Technical Support Level at 0.6740

AUDUSD Price Analysis – August 29
The FX pair is moving lower gradually for the 3rd day in a row, during the past 24 hours, the Australian Dollar has depreciated against the US Dollar, and subsequently closing below its opening price while unable to hold early session gains.

Key Levels
Resistance Levels: 0.7085, 0.6909, 0.6823
Support Levels: 0.6676, 0.6620, 0.6600

AUDUSD Long term Trend: Bearish
In the bigger picture, today’s close may mark the lowest recorded closing price since the beginning of the year, with room for more downside. The potential target for bearish traders within the next 24 hours of trading will be on the level at the 0.6676 area.

Selling could accelerate should prices move below the close-by swing low on the level at 0.6676 where further sell stops might get activated. The trend is bearish, showing an intact downtrend in the medium and long-term.


AUDUSD Short term Trend: Ranging
On the flip side, the AUDUSD intraday bias remains neutral for the moment. On the upside, a break of the level at 0.6823 minor resistance will extend the rebound from the level at 0.6676 low.

However, the upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. Otherwise, the AUDUSD currency exchange rate will most likely continue to trade south today.


Source: https://learn2.trade

EURJPY Turns Lower Again After a Bullish Rebound, Now Pushing Through Key Support Level at 117.00


EURJPY Price Analysis – August 30
EURJPY pushes through the key area, past the horizontal line on the level at 117.00 during today’s trading session although on Thursday the common European currency appreciated against the Japanese Yen with almost 59 points to the upside.

Key Levels
Resistance Levels: 124.03, 121.66, 119.59
Support Levels: 116.59, 116.00, 114.84

EURJPY Long term Trend: Bearish
Showing on the daily time frame, sellers have managed to take out the key technical support horizontal line on the level at 117.00 during today’s trading session. EURJPY is staying in consolidation from the level at 116.59.
However, in the case of stronger recovery, the upside should be limited by the level at 119.59 resistance to bring fall resumption. The trend is bearish, and it’s showing an intact downtrend in the medium and longterm.

EURJPY Short term Trend: Bearish
On the 4-hour time frame, given that the currency pair has breached the key technical support horizontal line on the level at 117.00, most likely, bearish traders might dominate the EURJPY pair during the following trading session.

As it is, intraday bias remains bearish and on the downside break of the level at 116.59 will resume a larger downtrend to the level at 114.84 medium-term support. Though, a break of the level at 119.59 will indicate short term bottoming and bring stronger rebound.


Source: https://learn2.trade

I bet you can trade like this too

Could a bet change your life?

And I’m not talking about playing the lotteries or backing the horses…

I mean, could a challenge between two people seriously impact the way you trade?

Well, the answer is: yes.

I’m going to tell you an inspiring story this week. It’s about a group of everyday people who made $175 million in the markets. And the best bit is, it’s a true story.

Most of the people you’ll hear about began with no experience. They came from all walks of life…regular people with regular jobs. But with the right mentor, they made fortunes.

I’ll tell you how they did it in a minute.

But first, I have a challenge for you…

Hollywood make-believe
Okay, see if you can recognise these lines:

We took a perfectly useless psychopath like Valentine, and turned him into a successful futures trader. And during the same time, we turned an honest, hard-working man into a violently, deranged, would-be killer!”

These were the words of Randolph Duke in the 1983 move Trading Places.

Now, Randolph and his brother Mortimer were commodity brokers. And just for fun, the Dukes had a bet to see if they could change the course of a person’s life.

You see, Randolph thought success or failure was largely due to luck… he thought anyone could do well… it was all to do with being in the right place at the right time.

His brother, on the other hand, said a person is born to either rise or fall.

Please read more here: https://www.tradinggame.com.au/i-bet-you-can-trade-like-this-too-by-jason-mcintosh/


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal

Perfection is the Enemy of Excellence

All of trading is a compromise based upon what you want out of the market and what the market can give you at any given time. It is at this early point in my section that people begin to get frustrated because they become obsessed in part by the need for perfection. Trading is not a perfect endeavour – it can never be because we are dealing with both people en masse and our own failings. We, therefore, have to generate a mechanism whereby we navigate these imperfections and still move towards profitability.

The same is true for selecting things such as our set up, there is a line of thinking that one number must be better than another. The only perfect number you choose is the number you can stick to because it reflects both what you want out of the market and what you can actually do. For example, people become obsessed with the notion that they must trade something like FX and they must do so at the shortest time frame possible because this is what they have been told they should do. Yet such advice in no way reflects the reality of what can be done let alone what should be done.

The imperfection of trading can be seen in the fact that all trading systems throw up losing trades and all trading systems at times miss winning trades, this is simply the nature of the beast. There is no magic formula that guarantees instant trading success and to try and search for it is a fool’s errand. There are broad principles such as trade with the trend and not against it and control your losses but these are broad ideas. But it is their very generality that defeats people as they get sucked into the minutia of trading looking for more and more fidelity in the hope that this will overcome their own insecurities and offer them some form of guaranteed income. The markets can offer you none of these things because it is not a job – the market is not the old-style public service were you got a job for life and a regular pay check. You are a contractor who reapplies for their job at the beginning of every trading session and your success or failure relies upon your capacity to deal with this constant uncertainty.

The current movements in the market have left traders scrambling for all sorts of explanations as to why the market has gone down. Undoubtedly many will take it personally even asking the question why could the market do this to me. In doing so they have failed to understand a basic tenet of markets – they go up and they go down. The fact that occasionally they do go down should therefore not come as a surprise to anyone but apparently, it does. What is more intriguing is that it always comes as a surprise. This surprise may be a function fo simple optimism bias, I am in the market, therefore, it will go up which is much the same as I have a lottery ticket, therefore, I will win. In part, it is probably recency bias, for the lives of most investors, the US market has gone up. This is akin to the shock real estate agents had when they found out that house prices can actually go down. This was a shock to them because in their short careers house prices had only ever gone up and given that so few people are students of the markets they are actually involved in anything that departed from this preconceived notion must be a shock.

As a bit of a history lesson consider the words of Robert Watson-Watt, who was instrumental in developing Britains early warning system that gave the RAF an edge over the Luftwaffe in the Battle of Britain. He put forward the idea of the “cult of the imperfect”, which he stated as “Give them the third best to go on with; the second best comes too late, the best never comes”. The same can be said of trading systems, traders who sit around tweaking, optimising or seeking maximum efficiency never actually get around to trading whereas those with a few basic rules that recognise the true nature of the markets and not the noise actually get on with the job. Likewise, those who are consumed by narrative are always looking in the rearview mirror in an attempt to see what is right in front of them.

Source: https://www.tradinggame.com.au/perfection-is-the-enemy-of-excellence/

Near Term Outlook Unchanged as AUDUSD Trades Weaker

AUDUSD Price Analysis – August 22
The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the currency to weaken but not too quickly.

Key Levels
Resistance Levels: 0.7205, 0.7085, 0.6827
Support Levels: 0.6748, 0.6676, 0.6620

AUDUSD Long term Trend: Bearish
But as seen in the daily picture above, the near-term picture in AUDUSD remains unchanged despite the pair slipping to session lows on the level at 0.6748 currently. Both buyers and sellers have more work to do to gain more momentum to push prices out of the downward range since last week.

While the forex pair is experiencing a stall, this could just be a correction, as both the medium and long-term trends are still bearish.

AUDUSD Short term Trend: Ranging
However, AUDUSD needs to break the monthly support zone on the level at 0.6676, which is currently providing support for the momentum on the pair at the level at 0.6748.

The currency exchange rate will most likely continue to trade downward and flat for today waiting for the required volatility to change the direction.



Source: https://learn2.trade

Staying Within Previous Boundary EURJPY Continues to Trade Within a Range



EURJPY Price Analysis – August 23
In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s trading session.


Key Levels

Resistance Levels: 123.01, 119.88, 118.33

Support Levels: 117.65, 117.50, 117.00



EURJPY Long term Trend: Bearish
In the daily picture, the EURJPY pair may most likely maintain the price range during the next trading session. Alternatively, a breakout may occur downwards.

While the exchange rate has been trading within the range of the level at 118.33 and 117.50 since mid-August. The trend is bearish, showing an intact downtrend in the medium and long-term.



EURJPY Short term Trend: Bearish
Today’s trading range has been going negative and more, and that’s below the last trading month’s daily average range. On the flip side, we may see a change in trend with renewed upward strength.

Buying could accelerate should prices move above the close-by swing high towards the level at 118.33 where further buy stops might get activated. Although with the level at 119.88 resistance intact, near term outlook remains bearish.



Source: https://learn2.trade

AUDUSD Market Dragged Lower on Bears Dominance

AUDUSD Price Analysis – August 15
The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since the beginning of the year.

Key Levels

Resistance Levels: 0.7297, 0.7207, 0.7085

Support Levels: 0.6748, 0.6676, 0.6620

AUDUSD long term Trend: Bearish
In the bigger picture of the daily time frame, the decline from the level at 0.7207 (high) is seen as resuming the long term downtrend from 0.7297 (February high). Firm break of the level at 0.6876 (low) should confirm this bearish view.

On observation, further fall may be seen to the level at 0.6620 (low) next. On the upside, the break of the level at 0.7085 resistance is needed to be the first sign of medium-term bottoming. Otherwise, outlook will remain bearish even in case of a strong rebound.


AUDUSD short term Trend: Ranging
On the flip side of the 4-hour chart, the AUDUSD is staying in consolidation from the level at 0.6676 and it’s intraday bias remains neutral first. On the upside, the break of the level at 0.6827 will extend the rebound.

But upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. On the downside, the break of the level at 0.6676 may target 100% projections from the level at 0.7085 to 0.6827 from 0.7085 at 0.6620 level reflecting on the daily chart.