Technical Analysis of EUR/USD

EUR/USD Price Flashing the Red Chart Breakout

The EUR/USD price is trading shows the bullish on the daily chart pattern according to the press time. EUR/USD price will jump at the level 0.61% that formed the bullish maruboze candle that conforming the break on the bearish channel to the trend line connecting to the highs on Sep 21 and lows on Sep 25.
 
The pair is at present drifting close to the level 1.1815, expressing to a 0.15% loss on the day. The resurgence of COVID over the Eurozone is by all accounts weighing over the mutual price.
 
All things considered, the movement will stay bullish while the pair is held over Friday's low to level 1.1752. The pair were previously closed at the level 1.1824.
 
Support Level:   S1 1.1815, S2 1.1812, S3 1.1815
Resistance Level: R1 1.1822, R2 1.1826, R3 1.1829

 AUD/USD Price Rejected the Bearish Trendline at 6-Week Chart

The AUD/USD pair will be currently traded at the level 0.7216 that facing the rejection at the level 0.7234.  
 
Some of the Indicators like the MACD histogram and the 14-day relative quality file are revealing bullish conditions. As it were, they have adjusted for a potential gain break of the bearish trendline.
 
Whenever followed by a move below Friday's low of 0.7162, the most recent release at the trendline obstacle would confirm a finish of the motion from the Sept. 25 low of 0.7006 and inversion lower.
 
The pair were previously closed at the level 0.7239.
 
Support Level:   S1 0.7225, S2 0.7221, S30.7218
Resistance Level: R1 0.7233, R2 0.7237 , R3 0.7240
 
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Last edited by xtreamforex (10/12/2020 11:39 pm)

Technical Analysis of Bitcoin

Bitcoin Price Liftoff at the level $28,000

The bitcoin seems the uptrend that will follow the uptrend again with the various extreme losses that will test the level at $11,800.
 
Moreover, the BTC/USD is traded at the level by $11,200 before going to resume the uptrend.
Notwithstanding, he is certain that the leader digital currency will take off to the level at  $28,000. In addition, the gracefully ready to move will undoubtedly decrease as foundations and governments will straightforwardly buy Bitcoin from miners.
 
The bitcoin is trading at the level of $11,430 after the recovery of the dip that dragged to the level at $11,200 on Friday. If we have a look at the daily chart the formation of the symmetrical triangle pattern breakout to $12,000.
 
Bitcoin's present moment and medium-term bullish viewpoint is stressed by the Relative Strength Index (RSI) 's recuperation from the midline. Quite, trading above $11,800 may call for more purchase orders, making Bitcoin's volume to hop above $12,000.
 
The BTC/USD pair was previously closed at the level volume by $1,232.

Support Level:11437.3,11433.7,11426.3
Resistance Level: 11448.2, 11455.5, 11459.1
 
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Last edited by xtreamforex (10/19/2020 3:28 am)

Impact of US Presidential Election on US Economy or Financial Markets

As we all know that the there are only a few days left for the US Presidential Election and the traders all around the world are not excited to win the race of the incumbent President Donald triumph of the Former Vice President Joe Biden.
 
Now all the traders now wondering what is the impact the US election might have on the US economy and the financial markets to trade in various Trading Products in the general.

 Election Seems More Positive For Equities

f we looking back to the US President that will see the strong hand for the economy that is currently not the case for post-Corona Lockdown.
 
Look at the S&P 500 that will see on the positive at the higher leverage 9.6% compared to the 4.8% within the new president office. In case if we ignoring the aspect the strong economy is also driving the US equities at a higher level. What is unquestionably intriguing here is that a re-appointment of the US president brought about a positive value execution throughout the following year in over 70% of the cases (5 out of 7). The negative exhibitions under Eisenhower (- 14.3%/1956/1957) and Nixon (- 17.4%/1972/1973) were the main two events that were trailed by two downturns and were presumably foreseen in US values.

Reactions of Markets In US Presidential Election Stocks

Markets ignore uncertainty, and truly the observation has been that another president may bring arrangements that could be unsafe for stocks. This occurred in 2016 when traders were sure that a Trump administration would start a market breakdown.
 
However, we are presently observing that equivalent dread drag in as individuals think about a Biden administration and the potential uncertainty it could cause. Biden is transparently more left-inclining, and his arrangements are required to be outfitted towards human needs as opposed to those of speculators and traders.
 
This supposition isn't helped by recommendations that Biden would invert Trump's tax reductions, and almost certainly, markets will ascend close by the possibly expanded possibility of a Trump triumph as we approach the political race. 

USD

The estimation of a currency should mirror the soundness of an economy and its future possibilities. Many are anticipating that Biden should be less centered around the business sectors than his Republican adversary, so the dollar could debilitate in case of a Biden triumph.
 
Notwithstanding, this impact could be counterbalanced if Biden can improve relations between the US and China following quite a while of market tension. In this situation, it would be the Chinese yuan which may profit the most, with the exchange war having started enormous potential gain for USD/CNH.
 
Remember that if the more extensive business sectors fall on a Biden triumph including US stocks and files the dollar would probably prepare in the present moment to mirror a danger of the move as traders go to USD.

Gold

The possibility of a more broad financial strategy under Biden, and from an administration which is glad to leave on significant spending programs, could give a lift to valuable metals.
 
There's advice here as well, on the grounds that in the past valuable metals have additionally followed similar examples as the forex markets during seasons of emergency. Thus, any breakdown in value showcases that may originate from a change at the White House could drag gold lower in the quick time frame.
 
Furthermore, while Trump has, at last, observed the sort of improvement he would have sought after, a Biden win could bring about a more considerable upgrade bundle if the Democrats increase traction in Congress.

What do the Traders expect to See During the US Election?

All US markets will in general experience expanded unpredictability in the approach to an official political race, including USD forex sets, files, and items. That is on the grounds that numerous investments will try to secure situations before the outcome is reported using surveys to measure public conclusion. The point is to exploit the value moves that happen when the nation's political heading is confirmed.
 
It's likewise essential to recollect that the Covid pandemic is probably going to make critical unpredictability over the political decision time frame. A spike in cases could see US records and the dollar fall in esteem, as speculators move to cost in a decrease in shopper spending and financial yield. Then again, a decrease in the number of cases could see both files and the dollar ascend in esteem. Whichever way advertises move, you can be prepared to exploit a Best Forex Brokers Trading account.
 
 
 
 
 
 
 

Last edited by xtreamforex (10/29/2020 7:18 am)

Technical Analysis on Gold & Silver

Gold Price Seems the Uptrend at Level $19,00 Mixed US Presidential Election Polls

The Gold Prices remain depressed to the early Asian session that rises to the two-week top at the level of $1,900 on Wednesday. On the other hand, you will need the US Dollar weakness that favored the yellow metal to the challenges of the risks on the 2020 Presidential election.
 
The S&P 500 futures drop to the level by 0.17% to the 1.0% initial gains to the. The SMA 50 day keeps restricting the golds short term upside in which you purchase the sellers that breaks the level $1,894 that comprising the 100-day SMA. The pair is previously closed at level 1,909.19.
 
Support Level:  S1  1895.86  S2 1892.17 S3 1889.46
Resistance Level: R1 1902.26  R2 1904.97  R3 1908.66

Silver Price XAG/USD Rising the Channel US Election Polls To Probe Risks

Silver Bounces back above at the immediate level to the bullish channel that picking up the bids near to the level by $24.17% upto the 0.16% intraday during the early Wednesday.
 
Technically the 200 HMA and the lower line that stated the channel around at the level by $24.00 will see the previous resistance at the level $23.80 challenges to the silver bears.
 
Meanwhile, $24.50 can offer immediate resistance to the bullion ahead of probing the channel’s upper line near the level of $24.62.
 
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Last edited by xtreamforex (11/04/2020 11:39 pm)

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[size=100]Technical Analysis on EUR USD & USD CAD[/size]

EUR/USD Pair Looks to South After Failed the Breakouts on 4H

The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.
 
The EUR/USD is trading is around the level of 1.2130 at the time of the writing that failed to the keep gains seems above to the 1.2160 to the multiple times during the previous two weeks.
 
The pair had broken the higher falling to the channel that represented the trendlines to the lower last week to signal the resumptions of the rally at the low of the 1.18 and the opening doors to the 1.22.
 
The Breakouts seems the short lives to the fell back to the below to the level by 1.21 on this Friday that failed the breakout to the widely bearish signal. The Uptrend exhaustion is signaled to the long upper wicks that attached to the several candles that suggest the potential for the drop to the former hurdle-turned the support to the level by 1.2014.

USD/CAD Pair Teases to Bear Below at the level By 100 HMA
 
The USD/CAD is dropped down at the level by 1.2758 to the 0.08% intraday during this Monday in the Asian Session. The Pair was bounced off the level by 1.2745 that pull back to the level by 1.2763.
 
For a situation where the USD/CAD traders keep the reins past-1.2700, the mid-2018 lows close to the level by 1.2630 will be at the center of attention.
 
In the interim, 100-HMA and highs set apart since last Monday, separately close to the level by 1.2785 and 1.2835, can monitor the pair's momentary potential gain.
 
In the event that all the USD/CAD buyers return after 1.2835, the 1.2900 limit and the month to month top close to the level  1.3010 will be on their radars.

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Last edited by xtreamforex (12/14/2020 2:20 am)