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Bitcoin 18K price actionBitcoin appears to be restablishing support above this price level. “Bitcoin is currently consolidating between $18,000 and $19,000,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. “We are also witnessing an ascending triangle pattern on the chart, and a breakout above $20,000 this month is a possibility,” he added. “On the downside, there is decent support in the zone between $18,500 and $18,000,” noted DiPasquale. Price strength & consolidation through 1877 is needed to confirm a sronger move up.
BITSTAMP:BTCUSDLong
by CeoCodes
7
USDCAD : Why trade currency as a CFD?CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it. The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities, oil and indices. In Forex trading, CFDs allow us to buy or sell the currencies without actually owning the physical asset. For example, let’s say you live in Canada and, through your analysis, you expect CAD to depreciate and USD to appreciate. What could you do to hedge against the CAD dollar that you have on hand? Well, you can buy or “go long’ on USD/CAD and profit from the movement in prices. By buying or entering a long position on USD/CAD, you are essentially buying the USD and selling CAD. SO, WHAT IF YOU DECIDED TO TRADE WITHOUT THE USE OF CFDS? This would mean going down to your local currency dealer and exchanging your physical Canadian dollars for US dollars, leaving you holding on to stacks of US dollars. When the value of the US dollar moves higher, you would once again head back to the currency dealer to exchange them into CAD. Now that the USD is stronger, you can exchange them for more CAD dollars than the initial amount you invested, thereby realising a profit. SOUNDS LIKE A HASSLE? It is. That’s why CFDs are so popular for forex trading: it removes the need to hold those stacks of physical cash, making trading much more convenient.
Education
by CeoCodes
12
AMAZON AMZN Better understanding of how CFDs workCFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting to profit from it. The benefit of CFDs is that there is no need to own the physical asset. Instead, traders speculate in the difference between opening and closing trade prices. While these contracts can be used to speculate on the foreign exchange markets, the same concept applies to other assets such as commodities , oil and indices. To gain a better understanding of how CFDs work, let’s look at Amazon stock as an example. If you think Amazon shares are going to go higher, you would want to buy into this stock and profit from this opportunity. Hence, you purchase 10 CFDs on Amazon shares at $2,500, so the total value of the trade will be $25,000 (10 x $2,500). If Amazon appreciates to $3,000, you will make $500 per share, which is a $5,000 profit (10 x $500). CFD concepts are applied to forex trading as well.
NASDAQ:AMZN
by CeoCodes
10
Understanding ForexForex – also known as FX – is short for “Foreign Exchange”. It represents a market where one can exchange and trade different currencies across the globe. To understand how forex works, let’s use the example of overseas travel. If you’re from the United States and are travelling to Japan, chances are you would head to a local currency dealer before your trip to change some US dollars for the equivalent in Japanese yen. Let’s say the rate you exchanged was 1 USD ( US Dollar ) to 108 JPY (Japanese yen). This means that for every 1 USD you give the money changer, you get 108 JPY in return. Now you’ve headed off on your trip, had your lifetime’s fill of sushi, taken way too many pictures of Mount Fuji and are now back in the US a month later. You still have some Japanese yen currency left which, of course, isn’t of much use at American shops, so you decide to change it back to USD. Once again you visit your local currency dealer and ask to change your JPY back to USD. The rate you’re quoted is now 104 JPY to 1 USD. Let’s pause for a moment: you may not have realised, but you’ve just made a profit without even planning to! Previously, every 1 USD got you 108 JPY, now you get that same 1 USD back for just 104 JPY. That, my friend, is a simplified explanation of how profit can be made by trading the fluctuation of currencies against each other. In this case, the JPY strengthened against the USD while you were holding onto it, resulting in you effectively making money when you returned to the US and decided to convert it back to USD. Now, it’s important to take note that when trading Forex, you always need to consider two currencies (hence, we call it a “currency pair”). In the above example, we were essentially trading the USD/JPY currency pair. It’s not enough to think that one currency might strengthen – you have to think of which currency it would strengthen against. Thanks to the globalisation of financial markets, when we trade on the FX market, we now have the luxury of trading a lot of different currencies against each other all from the comfort of your home. Think the yen is going to strengthen against the Euro (EUR)? Then buy the yen, sell the Euro (selling EUR/JPY )! This concept might seem a bit complicated right now, but just remember that when you’re trading forex, you’re essentially betting that one currency will strengthen against another currency. * * The exchange rate on the chart is 104.056 Japanese Yen (JPY) for every 1 United States Dollar (USD) **
Education
by CeoCodes
17
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH. Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions. SHORT TERM LEVEL Next intra day resistance at 143.75 LONG TERM LEVEL The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
BITFINEX:XMRUSDLong
by CeoCodes
9
HOW TO BUY & SELL GOLD : Part1🏅 CFDS VS ETFS 🏅 ➡️ GOLD ETFS (Right Chart) ETFS PHYSICAL GOLD (ASX:GOLD) offers low-cost access to physical gold via the stock exchange and avoids the need for investors to personally store their own bullion. Each GOLD unit comes with an entitlement to an amount of "physical bullion". This means : Real Gold, Real Bars. ⬅️ GOLD CFDS (Left Chart) CFDs on GOLD US$/OZ (TVC:GOLD) (OANDA:XAUUSD) CFD stands for Contracts for Difference, with the difference being between where you enter a trade and where you exit. Simply put, when the position is closed, you’ll receive the profit or incur the loss on that difference. When you trade a CFD you’re speculating on the movement of the price only, rather than traditional stocks where you purchase a physical asset. You do not ever own any real gold bars. 🤓 CFD TRADE EXAMPLE The price of gold is measured by its weight. Therefore, the price shows how much it costs for one ounce of gold in US dollars. For example, if the gold (XAUUSD) price is $1600.00, it means an ounce of gold is traded at US$1600.00. Similarly, the price of silver is its price per ounce in USD. If the silver (XAGUSD) price is 28.00, it means that an ounce of silver is traded at US$28.00. If you have bought gold for $1600, you do not have an ounce of gold that you can hold, but you rather have the obligation to buy XAU at US$1600. When you close your position, you sell the XAU and close your exposure. If you sell it for $1605.00, you have made profit of $5 for every ounce (unit) of gold in your contract. The same concept applies to silver trading. If you have bought silver (XAGUSD) for $28.00 and sell at $28.50, you would have made a profit of $0.50 for every ounce of silver in your contract. 🤔 WHY TRADE CFDS? If you’re looking to invest in the price movements of instruments, rather than purchasing physical assets To take advantage of swift fluctuations in the underlying instrument or security. This is popular with short-term investors looking to profit from intra-day and overnight movements in the market To take advantage of leverage and spread capital across a range of different instruments rather than tie it up in a single investment (note: this approach can increase risk) As a risk management tool to hedge exposure
ASX:GOLDEducation
by CeoCodes
6
NZDCHF support & resistanceFX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042 (+0.01%). The outlook is mixed and NZD could trade between 0.7010 and 0.7065 for today.” Where NZDUSD goes NZDCHF will likely follow. Looking for significant signs of resistance and strong breaks through support.
Short
by CeoCodes
9
AUD/USD Forecast: Bulls charging for 0.7200 AUD/USD Current Price: 0.70492 The AUD/USD pair is up for a third consecutive day and poised to extend its gains according to intraday technical readings. Australian macroeconomic data was slightly better than anticipated. Rallying Wall Street provided support to the Aussie during US trading hours. Data coming from Australia passed unnoticed, although it was encouraging as the October AIG Performance of Construction Index came in at 52.7 from 45.2 in the previous month. Also, September Retail Sales were upwardly revised from -1.5% to -1.1%. Australia will publish the September Trade Balance this Thursday, previously at 5114M. *This is not a trade signal. Do your own due dilligence before placing any trades.*
Long
by CeoCodes
10
SPX PRICE ELECTION EVE DIPElection Eve, ISM impresses, oil rebounds, gold higher on election risks . Investors place their final pre-election bets as both President Trump and Democratic nominee make their final blitz at key battleground states. The conviction behind the bets are small considering no one can say for sure how the next 48 hours will unfold. Much of Wall Street is still preparing for a blue wave that explains the October outperformance with many of the beaten sectors and the struggle with big-tech. It is easy to make the argument that one has to be bullish stocks regardless of the election outcome: The Fed is keeping rates near zero and they will likely be one of the last central banks to raise rates. The race for a COVID vaccine and treatments should have some winners in the next couple of months and that should provide optimism that the global economic recovery will only get better starting now. The commonly used forward PE ratio shows the SPX is currently trading at over 24x, on par with the 2000 bubble peak. Meanwhile, longer-term valuation metrics such as the cyclically-adjusted P/E ratio show the SPX to be on par with levels seen at the 1929 peak, marginally cheaper than 2000 levels. Price Levels: 3,364.92 Pivot Point 3,354.62 38.2% Retracement From 4 Week Low 3,354.10 38.2% Retracement From 13 Week Low
OANDA:SPX500USDShort
by CeoCodes
7
USD/CAD: Price has room above 1.3200 Although Florida loves Trump, Biden inches closer to 270 required majority votes. Final results will take two more days, increased uncertainty can favor USD. Although Trump’s victory in Ohio offers a tough fight to the Democrats, his rival Joe Biden has 223 votes versus 270 required for a win, which in turn keeps the global markets hopeful of a blue wave. Traders cheer hopes of heavy stimulus if the Democratic Party dominates the US Congress amid mixed clues. Risk barometers like S&P 500 Futures and the US 10-year Treasury yields fizzle the recent upside momentum. Monthly trade numbers from the US and Canada will join the American ADP Employment Change figures for October to offer intermediate moves. Levels To Look For: Daily Fibonacci 38.2% 1.3154 Daily Fibonacci 61.8% 1.3185
Long
by CeoCodes
6
CHAINLINK PRICE ANALYSISThe LINK market cap currently stands at US$4.22 billion, based on a 387 million circulating token supply, with US$770 million in trade volume over the past 24 hours. The spot price has continued to hit new all-times throughout 2020. Among the current top 20 coins by market cap, LINK was the best performer in the USD markets during 2019. Technicals for the LINK/BTC and LINK/ETH pairs suggest a bullish outlook with a continued multi-year bull trend. f prices move higher throughout 2020 and 2021, LINK tokens held by Smart Contract Limited may again be sold at a higher rate, as was the case in July through August 2019. Additionally, as ETH enables staking later this year, the LINK/ETH pair may enter a short-term bear market fueled by ETH speculators. Previous Close 0.001 Open 0.001 Day's Range 0.001 - 0.001 52 Week Range 0.0002 - 0.0017 Start Date 2017-09-20
Long
by CeoCodes
7
OMG on the verge of a technical breakout to $3.20 - $5.50OMG/USD recovers from support at $2.80 and ready to post gains towards $5.50. The OMG Network plugged massively like other major and minor coins in the cryptocurrency market. The decline swept widely across the digital assets recently. OMG succumbed to the increased selling pressure leading to significant sabotage to the progress made in August. From the high traded in August at $9.50, At the time of writing, the crypto is trading at $2.90.
KRAKEN:OMGUSDLong
by CeoCodes
7
GBPUSD can rally on a Brexit dealGBP/USD has been struggling amid rising coronavirus cases. The UK government refuses to impose a national lockdown, but fears are they would have no choice. EU/UK negotiators made progress this week toward resolving some a big disagreements in Brexit talks raising hopes for a deal by early November. “A deal by mid November, approved by a special EC Summit, endorsed by EU Parliament’s 24-27 plenary session and ratified before mid-December. 45% chance and could see GBP lift 8-10%." - Westpac Support levels: 1.2880 1.2835 1.2770 Resistance levels: 1.2950 1.2990 1.3030
Long
by CeoCodes
7
AUD/USD bears heading for 0.70 psychological level AUD/USD is currently trading at 0.7055 between a range of 0.7038 and 0.7157. The COVID safe-haven has been the major culprit for the slide in the commodity complex as the euro plummets to one-week lows on prospects of a national lockdown in both Germany and France. AUD's weakness can be directly related to weakness in commodities. Reserve Bank of Australia will be unimpressed with the yearly result in the trimmed mean, which will likely be playing a role in AUD's softness, if not only to help justify some of the recent weakness. AUD/USD is back on the defensive and bears look for downside extension.
Short
by CeoCodes
8
GER 30 index recovers slightlyGermany 30 stock index looks to be rising slightly since recently finding footing at the 12,339 level. Painting a picture is the positively charged volume profile, one of which has capped additional progress from the bearsl. If sellers resurface, initial support may arise from the tough 12,339 border. If this barrier gives way to downside pressures the index may be pushed to the significant boundary of 12,208 from July 31. Steeper declines may then sink towards the 12,081 level, before the price tests the 11,956 vital troughs around the end of June.
OANDA:DE30EURLong
by CeoCodes
4
USD/CAD has exhausted its downward momentum?The September 1 drop to 1.2994, the first time the USD/CAD had been below 1.3000 since January 8 is beginning to look like the post-pandemic bottom. The brief foray, the lack of subsequent attempts and the firm support at 1.3040 argue that the USD/CAD has exhausted its downward momentum. Global market sentiment improved during the week, adding to the lmarkets upbeat mood, as US President Donald Trump said that he wants the biggest stimulus plan than House Speaker Nancy Pelosi’s proposal. President Trump was earlier criticized for his lack of acceptance of a big budget on the coronavirus (COVID-19) stimulus.
Long
by CeoCodes
2
What does Long & Short mean?While there are a lot of experienced traders on Trading view, yesterday I realised that there are still very new traders. A Tradingview user contacted me to ask such a simple question that took him a week to find the answer to...... What does long and short mean? The Basics Long Position Holding a long position means you are buying the instrument (stock, currency, bitcoin etc). In simple language it is also the market going up. Short Position Holding a short position means you are selling the instrument (stock, currency, bitcoin etc). In simple language it is also the market going down. This basic language is used for CFDs, forex, crypto and most retail trading. Buying or selling no matter what the size is also referred to as "Holding a position". If you sold 10 lots of BTCUSD, you would be holding a short position. For options trading it is a little bit different. Bullish vs Bearish Traders who have an expectation that the market will go up will hold a Long Position and are called "Bullish". The opposite of this is a trader who beleives the market will go down. A bearish trader will hold a Short Position with an expectation of price falling. Difference in Options Positions. Options Long Position When a trader uses options contracts, long and short positions have slightly different meanings. Buying or holding a call or put option is a long position because the investor owns the right to buy or sell the security at a specified price. Options Short Position Selling or writing a call or put option is just the opposite and is a short position because the writer is obligated to sell the contracts to or buy the contracts from the long position holder, or buyer of the option.
BITSTAMP:BTCUSD
by CeoCodes
2
Gold Price ChartGold markets have pulled back just a bit during the trading session on Monday to kick off the week but found enough buying pressure underneath the turn things around and show upward proclivity later in the day. Ultimately, I do think that the market will find enough reasons to go higher, especially as the Federal Reserve continues to do everything, they can bring down the value of the US dollar. This, of course, helps gold in general, as we continue to see traders trying to protect wealth. Ultimately, this is a market that is in a huge uptrend anyway, so at this point, I like buying dips.
OANDA:XAUUSD
by CeoCodes
2
Gold Bulls BreakoutThe price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current pace.” Gold chasing 2020 high of $1818. Recent developments in the Trend Boost Indicator warn of a potential bullrush in bullion as the indicator snaps the short trend from 9th June after failing to push into oversold territory.
OANDA:XAUUSDLong
by CeoCodes
2