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FXOpen_Official

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  1. EUR/USD is currently under pressure and it recently broke the 1.1065 support area. USD/CHF is also declining and it might move down towards the 0.9900 support area. Important Takeaways for EUR/USD and USD/CHF The Euro is currently trading in a bearish zone below the 1.1080 and 1.1065 resistances against the US Dollar. There is a major bearish trend line forming with resistance near 1.1020 on the hourly chart of EUR/USD. USD/CHF is currently declining and it recently broke the 0.9950 support area. There was a break below a key bullish trend line with support near 0.9940 on the hourly chart. EUR/USD Technical Analysis In the past few days, the Euro followed a bearish path from well above the 1.1100 level against the US Dollar. The EUR/USD pair broke many supports on the way down, including 1.1080. The pair even broke the 1.1065 support and the 50 hourly simple moving average. Finally, there was a break below 1.1040 and the pair traded as low as 1.1002 low on FXOpen. At the moment, the pair is consolidating losses above the 1.1000 support area. An immediate resistance is near the 1.1015 since it coincides with the 38.2% Fib retracement level of the recent decline from the 1.1042 high to 1.1002 low. Moreover, there is a major bearish trend line forming with resistance near 1.1020 on the hourly chart of EUR/USD. Above the trend line, the 50% Fib retracement level of the recent decline from the 1.1042 high to 1.1002 low is at 1.1022. Continue reading...
  2. EUR/USD is showing positive signs above the 1.1080 level and it could rise steadily. USD/CHF is currently correcting lower and it might start a major downside correction. Important Takeaways for EUR/USD and USD/CHF The Euro is currently trading nicely above the 1.1065 and 1.1090 support levels against the US Dollar. There is a key bearish trend line forming with resistance near 1.1120 on the hourly chart of EUR/USD. USD/CHF started a downside correction after setting a new weekly high near the 0.9968 level. There was a break below a major bullish trend line with support near 0.9945 on the hourly chart. EUR/USD Technical Analysis After a fresh decline, the Euro found support just above the 1.1070 level against the US Dollar. The EUR/USD pair formed a support base near 1.1075 and recently started a decent upward move. A swing low was formed near 1.1073 on FXOpen and the pair corrected above the 50 hourly simple moving average. Moreover, there was a break above the 1.1080 and 1.1100 resistance levels. The pair traded as high as 1.1118 and the pair is currently consolidating gains. An immediate support is near the 1.1105 level, plus the 23.6% Fib retracement level of the recent wave from the 1.1073 low to 1.1118 high. On the downside, there is a strong support forming near the 1.1090 level. Moreover, the 50% Fib retracement level of the recent wave from the 1.1073 low to 1.1118 high is likely to provide support. Continue reading...
  3. FXOpen is launching Halloween Story Contest. The conditions of the contest are easy: you need to be registered with FXOpen and share your FX/crypto trading horror story in the comments or send it to us at lp@fxopen.org until 31st of October 2019. We will choose the best and “scariest” story, publish it on our blog and social media. The winner will get $100 as a bonus on FXOpen trading account. Criteria for your stories The story may be of any volume, must be written in English. The entry must not contain any promotional material, criticism or defamatory comments of other brokers and the services they provide. Example: “I opened a position late at night and fell asleep. When I woke up I found out there had been a news event I didn’t know about because I forgot to check the forex calendar. Being in a state of deep emotion I was trying to enter a password for my computer but suddenly I felt something ice-cold and wet on the back of my neck.” Looking forward to your Halloween stories! Read more details
  4. GBP/USD started a downside correction after it tested the main 1.3000 resistance area. EUR/GBP is climbing higher, but it is facing a strong resistance near the 0.8670 level. Important Takeaways for GBP/USD and EUR/GBP The British Pound is currently correcting lower and it broke the 1.2920 support area. There are two bearish trend lines forming with resistance near 1.2850 and 1.2880 on the hourly chart of GBP/USD. EUR/GBP is climbing higher and it is showing positive signs above 0.8600. There is a breakout pattern forming with resistance near 0.8670 on the hourly chart. GBP/USD Technical Analysis The British Pound rallied this past week above the 1.2900 resistance area against the US Dollar. The GBP/USD pair even climbed above the 1.2950 and 1.3000 resistance levels. However, the pair failed to retain gains above 1.3000 and later started a downside correction. There was a break below the 1.2950 and 1.2920 support levels. Moreover, there was a close below 1.2900 and the 50 hourly simple moving average. The pair even spiked below 1.2800 and formed a low near the 1.2789 on FXOpen. It is currently consolidating losses and corrected above the 23.6% Fib retracement level of the recent decline from the 1.2944 high to 1.2789 low. However, there are many hurdles for the bulls near 1.2850, 1.2880, and the 50 hourly simple moving average. Moreover, there are two bearish trend lines forming with resistance near 1.2850 and 1.2880 on the hourly chart of GBP/USD. Continue reading...
  5. On November 3d MT4 and MT5 Server Time Switches to GMT+2 On November 3d, 2019 FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company’s MetaTrader platform will be set to GMT+2 starting with the market opening on Monday (November 4th, 2019). The change will affect all types of FXOpen trading accounts. The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly. Read more news
  6. EUR/USD climbed above the 1.1150 resistance and it is currently correcting lower. Conversely, USD/JPY remained in a bearish zone and it could slide below 108.00. Important Takeaways for EUR/USD and USD/JPY The Euro is currently correcting lower below the key 1.1150 support area. There was a break below a major bullish trend line with support near 1.1152 on the hourly chart of EUR/USD. USD/JPY is declining and is trading well below the 108.50 support area. There is a key bearish trend line forming with resistance near 108.65 on the hourly chart. EUR/USD Technical Analysis The Euro started a fresh increase after it broke the 1.1080 and 1.1100 resistance levels against the US Dollar. The EUR/USD pair even settled above the 1.1100 level to move into a positive zone. It opened the doors for more gains above 1.1150 and the pair settled above the 50 hourly simple moving average. Finally, the pair traded as high as 1.1179 on FXOpen. It is currently correcting lower below the 1.1160 and 1.1150 support levels. Moreover, there was a break below a major bullish trend line with support near 1.1152 on the hourly chart of EUR/USD. The pair is now trading well below the 1.1140 level and the 50 hourly SMA. At the outset, the pair is trading just below the 50% Fib retracement level of the upward move from the 1.1065 low to 1.1179 high. An immediate support on the downside is near the 1.1110 level. Continue reading...
  7. GBP/USD gained bullish momentum above the 1.2700 and 1.2800 resistance levels. Conversely, USD/CAD is under pressure and it could continue to slide below 1.3100. Important Takeaways for GBP/USD and USD/CAD The British Pound is showing positive signs and is trading nicely above the 1.2850 pivot. There is a key bullish trend line forming with support near 1.2890 on the hourly chart of GBP/USD. USD/CAD declined recently and broke a few key supports near 1.3200 and 1.3180. There is a major bearish trend line forming with resistance near 1.3155 on the hourly chart. GBP/USD Technical Analysis The British Pound started a strong rise above the 1.2500 resistance area against the US Dollar. As a result, the GBP/USD pair broke many hurdles near the 1.2650 and 1.2700 levels to move into an uptrend. The pair surpassed the key 1.2800 resistance area and the 50 hourly simple moving average. Finally, the pair rallied above the 1.2950 resistance area and traded close to the 1.3000 area. A high was formed near 1.2983 on FXOpen and the pair is currently consolidating gains. It traded below the 38.2% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high. However, the 1.2870-1.2880 area is acting as a support. Moreover, the 50% Fib retracement level of the recent rally from the 1.2757 low to 1.2983 high is acting as a support. It seems like the pair is holding the key 1.2850 support and the 50 hourly simple moving average. Continue Reading...
  8. AUD/USD is gaining bullish momentum and it recently broke the 0.6800 resistance area. NZD/USD is also showing a lot of positive signs and it recently settled above the 0.6350 hurdle. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar is trading in a bullish zone above the 0.6800 and 0.6810 supports against the US Dollar. There was a break above a major bearish trend line with resistance near 0.6760 on the hourly chart of AUD/USD. NZD/USD is also gaining momentum above the key 0.6350 resistance area. There was a break above a key bearish trend line with resistance near 0.6295 on the hourly chart. AUD/USD Technical Analysis This week, the Aussie Dollar formed a major support near the 0.6740 area and started a fresh increase against the US Dollar. The AUD/USD pair broke many key resistances near 0.6750 and 0.6760 to move into a positive zone. There was a close above the key 0.6800 resistance area and the 50 hourly simple moving average. Moreover, there was a break above a major bearish trend line with resistance near 0.6760 on the hourly chart of AUD/USD. The pair even broke the 0.6820 resistance, traded to a new high near 0.6838 on FXOpen, it is currently consolidating losses. An immediate support is near the 0.6820 level. Moreover, the 23.6% Fib retracement level of the recent wave from the 0.6775 low to 0.6838 high is also near the 0.6820 level. There is also a rising channel forming with support near the 0.6820 level on the hourly chart. Continue reading
  9. EUR/USD remained well bid above the 1.0980 and 1.1000 levels and it could continue to rise. USD/CHF is currently holding an important support and it could climb above 1.0000. Important Takeaways for EUR/USD and USD/CHF The Euro is showing positive signs above the key 1.0980 support area against the US Dollar. There is a major bearish trend line forming with resistance near 1.1040 on the hourly chart of EUR/USD. USD/CHF is facing a strong resistance near the 0.9990 and 1.0000 levels. There is a crucial bullish trend line forming with support near 0.9970 on the hourly chart. EUR/USD Technical Analysis Recently, there was an upward move in the Euro above the 1.1020 resistance against the US Dollar. The EUR/USD pair traded above the 1.1040 level, but it struggled to clear the 1.1060 resistance area. A swing high was formed near 1.1060 on FXOpen and the pair corrected lower below the 50 hourly simple moving average. The pair traded below the 1.1020 support area and tested the 1.0990 area. A low was formed near 1.0991 and the pair is currently climbing higher. The recent high was 1.1044 and the pair is trading near the 50 hourly SMA. Moreover, it tested the 38.2% Fib retracement level of the recent wave from the 1.0991 low to 1.1044 high. On the upside, there is a strong resistance forming near the 1.1040 level. Besides, there is a major bearish trend line forming with resistance near 1.1040 on the hourly chart of EUR/USD. If there is an upside break above the 1.1040 resistance, the pair could revisit the 1.1060 resistance. Any further gains could push the pair towards the 1.1080 level. Read more here
  10. FXOpen Launches "The Lord of the Crypto"— a Free Demo Forex Contest FXOpen is inviting traders to take part in a regular contest on demo accounts and to try cryptocurrency trading. "The Lord of the Crypto" is a free demo contest for crypto fans with real money prizes for a total of $3,000. Registration is open until 3rd November. Join the contest Conditions of the contest: dates: October 21 - November 15, 2019; registration is already open and will last until 3rd November, 2019; prize fund: 3,000 USD; free participation; number of winners: 10; Account type: competition demo ECN; initial deposit: 5,000 USD; leverage: 1:3; EAs: allowed; locking: allowed; lot volume: from 0.10 to 1.00 (maximum 1 lot per order); trading instruments: 39 pairs with BTC, ETH, XRP, BCH, ETC, LTC, etc.; trading platform: MetaTrader 4 (download). Additional restrictions: Minimum trade quantity: 10; Minimum trade volume (lots): 10; Maximum number of trades opened at a time (including pending orders): 5; To get the prize, you have to increase the initial deposit by at least 10%. Get registered Prize money: The prize money will be added to your account in any cryptocurrency available with FXOpen at the exchange rate at the moment of prize crediting or in USD. Please note that 50% of prize cannot be withdrawn and is intended only for trading on Crypto accounts. It is intended only for trading on Crypto accounts. To get the money, you will have to open a Crypto account and send its number at info@Forexcup.com. The profit from trading can be withdrawn at any time via any payment system available with FXOpen. You should also remember to comply with the competition rules, violation of which would lead to disqualification. 1st place - 1050 USD (525+525); 2d place - 750 USD (375+375); 3d place - 300 USD (150+150); 4th place - 240 USD (120+120); 5th place - 180 USD (90+90); 6th place - 150 USD (75+75); 7th place - 120 USD (60+60); 8th place - 90 USD (45+45); 9th place - 60 USD (30+30); 10th place - 60 USD (30+30). How to join the contest on demo accounts? Newbies should register an account with FXOpenor ForexCup, make sure that the "First Name" and "Last Name" fields are filled in in the Settings → Profile section and join the contest with your account data. Existing clients should make sure that the "First Name" and "Last Name" fields are filled in in the Settings → Profile section and join the contest with your account data. Useful Links: The Lord of the Crypto" thread on ForexCup forum; How to participate in ForexCup competitions; FAQ; FXOpen Crypto Accounts. Follow us on Facebook, Twitter and Telegram. Source: FXOpen news
  11. GBP/USD and EUR/GBP: British Pound In Corrective Decrease GBP/USD is declining and is trading below the 1.2400 and 1.2350 support levels. EUR/GBP is rising again and is trading near the key 0.8900 resistance area. GBP/USD Technical Analysis The British Pound topped below the 1.2600 resistance area against the US Dollar. The GBP/USD pair started a fresh decline and broke many key supports near the 1.2500 and 1.2440 levels. Moreover, there was a close below the 1.2400 support area and the 50 hourly simple moving average. The decline was such that the price even traded below the 1.2300 level. A new weekly low was formed near 1.2270 on FXOpen and the pair is currently consolidating losses. Read more about GBP/USD and EUR/GBP on FXOpen blog...
  12. EUR/USD and USD/JPY Facing Key Resistance EUR/USD corrected higher above 1.1000, but it is facing many important resistances near 1.1025. Similarly, USD/JPY is approaching towards the 107.50 resistance area. EUR/USD Technical Analysis There were mostly bearish moves in the Euro in the past few days below 1.1050 against the US Dollar. The EUR/USD pair followed a bearish path and even broke the 1.1000 support area. Moreover, there was a close below the 1.1000 level and the 50 hourly simple moving average. The pair traded to a new weekly low at 1.0965 on FXOpen and recently started an upside correction. Read more on FXOpen blog...
  13. "Money Managers" - a contest on real PAMM accounts with $10 000 prize fund FXOpen broker invites traders to take part in "Money Managers", a contest on real PAMM accounts, and get huge money prizes for a total of 10,000 USD. The competition starts on September 30. Registration is open till November 1. REGISTER RIGHT NOW! Conditions of the contest - Dates: September 30 - December 27, 2019; - Registration is already open and will last until November 1; - Prize fund: USD 10,000; - Rewards*: 1st place - USD 5,000; 2nd place - USD 3,000; 3rd place - USD 2,000. - Initial deposit: any amount, but not less than the minimum amount for opening a PAMM account (for PAMM ECN - from USD 1,000, for PAMM STP - from USD 200); - Minimum trading period: not less than 2 months; - Minimum amount of trades per week: 2; - Trading volume: not less than 0.5 lot per stage; - Profit at the end of the contest: at least 20% of the deposit; - Drawdown during the contest must not exceed 20%**, and short-term drawdown of 25% and more, even if it was not recorded at a rollover will be considered as a loss and a cause for withdrawing the prize. Note! The winners of previous contests on real PAMM accounts "Heroes of PAMM" and "Forex Managers" who have made a drawdown of more than 30% are not allowed to participate in the competition. During the contest, participants are allowed add or withdraw money from their accounts, receive investments to their PAMM accounts, create offers, use all instruments of a PAMM system with no restrictions, use any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 add-ons and scripts. It is prohibited to close for investors such statistics of your PAMM account as equity, drawdown, exposure level, completed trades. This data must be available for viewing. * The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the manager, 50% - to the investor (company)). ** The company withdraws the funds in case the drawdown exceeds 20%. The rating will be published in the contest thread weekly. You can watch the activity of each account online by clicking the links. All statistics will be taken from PAMM Account Rating. How to join the contest? 1. If you don't have a PAMM account, you should open it: - Register your account with FXOpen (if you already have a PAMM account, which had the drawdown less than 20%, turn to the 2nd step); - Verify your main account; - Open an investment account and add funds to it with any payment system in your FXOpen account; - Open PAMM ECN or PAMM STP account. 2. Leave a link to your PAMM account in this thread (you can also leave a link to your existing PAMM account with the drawdown less than 20%). Read more... https://www.fxopen.com/en/about-us/news/money-managers-starts-on-september-30,-2019?utm_source=digitalmoneytalk&utm_medium=post&utm_campaign=fxopen_news&utm_content=fxopen_en_23_09_2019
  14. GBP/USD Ans USD/CAD Likely Preparing For Next Move GBP/USD is following a nice bullish path above the 1.2450 support area and it could continue to rise. USD/CAD is also trading in a positive zone and is sighting the next key break. GBP/USD Technical Analysis The British Pound formed a solid support base above the 1.2280 level against the US Dollar. As a result, the GBP/USD pair started a strong upward move and broke many hurdles near the 1.2350 and 1.2400. The pair even broke the 1.2500 resistance area and the 50 hourly simple moving average. Finally, the pair climbed above the 1.2550 level and traded to a new monthly high at 1.2581 on FXOpen. Read more on FXOpen blog...
  15. Gold Price and Crude Oil Price Approaching Resistance Gold price recovered nicely from the $1,480 support area and climbed above $1,500. Crude oil price is correcting gains and it is facing hurdles near $60.00. Gold Price Technical Analysis Earlier this week, gold price declined sharply below the $1,500 support area against the US Dollar. The price even traded below the $1,490 support level and traded close to the $1,480 support area. A swing low was formed near $1,483 on FXOpen and the price recently started a fresh increase. It broke the $1,490 and $1,495 resistance levels to move into a positive zone. Find more about Gold and Crud Oil Technical Analysis...
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