Bulls & Bears kick Start The Week Exploiting And Swerving Upcoming Events.

By Xtrade Academy - on September 9, 2019

Bulls & Bears kick start the week exploiting and swerving upcoming events.

A quick recap from last Friday indicates that the highly anticipated Non-Farm Payrolls, NFP report which gives a pulse reading of the US employment sector over the previous month was a flop! Out of the expected 160k, only 130k was recorded.  The USD remained supported as more traders gained some confidence based on the Automatic Data Processing, ADP report which beat market expectation 195k instead of 148k. Traders have found the ADP to be correlated with the NFP, hence use it as a precursor. Unfortunately, this wouldn’t be the first time that the ADP and NFP have failed to align or support each other’s view.

Interestingly, most assets continued trending in familiar ranges ascribed to them earlier on Friday. Today most Traders are hopefully, calculating the impact of Thursday’s ECB meeting and other data which could drive the markets in either direction.  Namely Brexit talks, US-China trade negotiations, Oil Meetings, and other impromptu or scheduled events.

Global Stocks:

Today global stocks were seen up tending. From the Asian Market which was bolstered by some soft Chinese data to the European market lifted by some a surprise increase in German Exports, while the US followed suit in a domino effect.

Technical Analysis Report 9th September 2019

US Stock Market (Wall Street)

USA30

  • USA30 was caught testing the 26,851.00 thresholds if breached, a rally to 27,000.00. could be in the pipelines.

1st Resistance Level: 27.000.00

2nd Resistance Level: 26.851.00

Support Level: 26.696.00

EU Stock Market

Germany 30:

  • Germany 30 attempts to test the 12, 220.00 level, in case the futures succeeds in breaching this resistance level, we may see the DAX30 on its way to 12,283.00.

1st Resistance Level: 12.283.00

2nd Resistance Level: 12.220.00

Support Level: 12.160.00

UK100

  • UK100 futures will be testing 7,320.00 thresholds if breached, uptrends to 7,392.00 are highly plausible.

1st Resistance Level: 7.392.00

2nd Resistance Level: 7.320.00

Support Level: 7.272.00

Italy 40:

  • Italy 40: Was observed up trending.

1st Resistance Level: 22.185.00

2nd Support Level: 21.915.00

Support Level: 21.876.00

Asia Stock Markets

HongKong50

  • HongKong50 tests the 26,700.00 level, if it’s succeesful in breaching this resistance level, we may see the Futures climb 27.263.00.

1st Resistance Level: 27.263.00

2nd Resistance Level: 26.700.00

Support Level: 26.388.00

Malaysia 70

  • Malaysia 70 index rebounded from 13.722.00 level (Support).
  • Malaysia 70 index testing down trend line.

Resistance Level: 13.840.00

Support Level: 13.722.00

Australian Stock Markets

AUS200

AUS200 index testing 6.659.00 level (Resistance).

AUS200 index testing the resistance line of up channel.

Resistance Level: 6.659.00

Support Level: 6.625.00

Commodities

WTI Crude Oil:

  • WTI Oil testing 57.23 level (Resistance).

Resistance Level: 57.23

Support Level: 56.33

Gold:

  • Gold aims to test 1502.00 level (Support).

Resistance Level: 1510.00

Support Level: 1502.00

Forex

US Dollar Index (DXY)

  • DXY index testing 98.450 level (Resistance).

Resistance Level: 98.450

Support Level: 98.035

GBP/USD:

  • GBP/USD pair rebounded from the 1.2270 (Support line)

Resistance Level: 1.23260

Support Level: 1.22700

EUR/USD:

  • EUR/USD pair trading in a sideways range.

Resistance Level: 1.10479

Support Level: 1.10260

USD/JPY:

  • USD/JPY pair trades sideways.

Resistance Level: 107.230

Support Level: 106.662

BTCUSD:

  • BTC/USD Pair was down-trending.

Resistance Level: 10.200.00

Support Level: 9.900.00

ETH/USD

  • ETH/USD pair trading in a sideways range.

Resistance Level: 180.00

Support Level: 175.00

Summary:

Global Stocks:

US Stock Markets (Wall Street):

    testing resistance levels.

EU Stock Markets:

   testing resistance levels.

  • Asia Stock Markets:

      testing resistance levels.

Australian Stock Market

      testing resistance levels.

  • Forex: USD (DXY) trading in a sideways range.
  • Commodities: trading in a sideways range.
  • Cryptocurrencies: in a downtrend.

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by Yeks Gshgs at 2019-09-10 04:38:27

Buenos días porke si inverti dinero en Xtrade . No me han depositado en mi cuenta personal ya son varios meses y aparte de Xtrade me llegó una plataforma y la instale forex ahí se ganan bonos pero no aparece mi nombre en la lista de los trading y así poder depositarme en mi cuenta personal hasta ahorita no he recibido nada y kiero saber porke xf alludeme gracias lindo día espero su respuesta

by Gloria MARÍA Gómez castro at 2019-09-10 06:16:07

Hola gloria maria Gracias por tu consulta. Primero, no puedo responder su pregunta con precisión porque parece que no está registrado en nuestro sistema.¿Puede proporcionar el correo electrónico que utilizó para registrarse, para que podamos encontrarlo? En segundo lugar, existen procedimientos para depositar y retirar fondos hacia y desde sus cuentas comerciales.Lea esto o comuníquese con nuestro departamento de soporte.3º Es posible que haya descargado nuestra aplicación de negociación y la negociación en una cuenta de demostración en la que no ha depositado dinero. Los fondos allí son para practicar solo. No puede retirarlos. Este es un incentivo para ayudarlo a aprender a leer correctamente.Atentamente.

by Xtrade Academy at 2019-09-10 10:08:49

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