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  1. AUD/USD and NZD/USD Target Additional Gains AUD/USD started a fresh increase above the 0.7320 resistance zone. NZD/USD also climbed higher and it might continue to rise towards the 0.7120 level. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a steady increase above the 0.7320 hurdle against the US Dollar. There was a break above a key declining channel with resistance near 0.7350 on the hourly chart of AUD/USD. NZD/USD also gained pace after it broke the 0.6970 resistance. There is a key rising channel forming with support near 0.7040 on the hourly chart of NZD/USD. AUD/USD Technical Analysis The Aussie Dollar found formed a base above the 0.7280 level and started a fresh increase against the US Dollar. The AUD/USD pair broke the 0.7300 and 0.7320 resistance levels to move into a positive zone. The pair even broke the 0.7350 and 0.7380 resistance levels. There was a break above a key declining channel with resistance near 0.7350 on the hourly chart of AUD/USD. The pair even cleared the 0.7400 level and the 50 hourly simple moving average. A high was formed near 0.7424 on FXOpen and the pair is now consolidating gains. It is trading above the 23.6% Fib retracement level of the recent wave from the 0.7323 swing low to 0.7424 high. An initial support on the downside is near the 0.7400 level. The next major support is near the 0.7370 level. It is close to the 50% Fib retracement level of the recent wave from the 0.7323 swing low to 0.7424 high. If there is a downside break below the 0.7370 support, the pair could extend its decline towards the 0.7330 level and the 50 hourly simple moving average. An immediate resistance is near the 0.7425 level. The next major resistance is near the 0.7440 level. A close above the 0.7440 level could start a steady increase in the near term. The next major resistance could be 0.7500. Read Full on FXOpen Company Blog...
  2. ETHUSD and LTCUSD Technical Analysis – 14th OCT, 2021 ETHUSD: Bullish Momentum Towards $4000 Ethereum has broken out of an important psychological resistance level of $3500 and is now moving in a strong bullish momentum towards the $4000 handle. ETHUSD touched an intraday high of $3662 in the European trading session today. ETH is now trading above its pivot levels of $3628 and Camarilla resistance levels of $3633, with the price surging continuously and getting ready to break its classic resistance levels of $3654. Ether is expected to maintain the bullish tone this week and continue towards the $4000 mark as the bulls take over. All the technical indicators are giving a BUY signal. ETH is now moving above both the 100 hourly simple and exponential moving averages. Before touching the $4000 handle, a contraction in prices is expected this week. Ethereum is consolidating its gains with a firm bullish tone Short term to medium term outlook remains bullish for ETHUSD All the moving averages are giving a STRONG BUY signal The pair is expected to touch $3800 in the US trading session today Ether Consolidating Its Gains ETHUSD is forming an uptrend continuation pattern which signifies that a breakout could occur at any time, pushing the prices above the $4000 handle. At the start of the Asian trading session, volatility was low, but then the demand increased leading to the surge in the price. ETH has gained 5.62% with a price change of +$193.78 in the past 24hrs and has a trading volume of 16.861 billion USD. Ethereum For Investors Ethereum is gaining more acceptance as an investment option for long-term appreciation, leading to higher demand. The upside potential for Ethereum is higher than bitcoin in terms of percentage gains, the reason why many bitcoin investors are now turning to Ethereum. ETHUSD was priced at $586 during the same period in October 2020, and with the current market prices of $3644, a gain of 621% is observed. Some crypto analysts have cited Ethereum as a better investment alternative to gold. The Week Ahead Ethereum buying pressure is increasing today. The prices could reach the $4000 mark this week. There is no visible contraction in the prices of Ether today, but in the coming days, we could see some short-term bearish corrections towards the $3500 level. Ethereum midterm range is positive and any dips will remain as an attractive buying opportunity for long term traders. This week, ETH is expected to close above $3900 level. The trend will most likely continue in the opening of next week. Technical Indicators: Relative strength index (14-day): at 66.41 indicating a BUY Commodity channel index (14-day): at 70.69 indicating a BUY Rate of price change: at 3.581 indicating a BUY Moving averages convergence divergence (12,26): at 38.79 indicating a BUY Read Full on FXOpen Company Blog...
  3. EUR/USD Continues To Struggle, USD/JPY Gains Momentum EUR/USD extended its decline and traded close to 1.1520. USD/JPY is rising and it might continue to climb above the 114.00 level. Important Takeaways for EUR/USD and USD/JPY The Euro started a major decline below the 1.1650 and 1.1600 support levels. There is a major bearish trend line forming with resistance near 1.1575 on the hourly chart of EUR/USD. USD/JPY started a fresh increase and it cleared the 112.00 resistance zone. There is a key bullish trend line forming with support near 112.65 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro started another decline below the 1.1650 support against the US Dollar. The EUR/USD pair traded below the 1.1600 support to move into a bearish zone. The pair even broke the 1.1580 level and settled below the 50 hourly simple moving average. A low is formed near 1.1524 on FXOpen and the pair is now consolidating losses. An immediate resistance is near the 1.1560 level. EUR/USD Hourly Chart There is also a major bearish trend line forming with resistance near 1.1575 on the hourly chart of EUR/USD. The next major resistance is near the 1.1615 level. The 23.6% Fib retracement level of the key decline from the 1.1899 swing high to 1.1524 low is also near the 1.1615 level. The first key resistance is near the 1.1670 level. The main resistance is near the 1.1720 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the key decline from the 1.1899 swing high to 1.1524 low. A clear break above the 1.1720 zone could open the doors for a larger increase. If there is no break above 1.1615, the pair might continue to move down. An immediate support is near the 1.1540. The next major support is near 1.1500, below which the pair could drop towards the 1.1450 support in the near term. Read Full on FXOpen Company Blog...
  4. We can increase our Trading based Income with some Technical Skills.
  5. We will need to reduce the amount of Greed in doing our Forex trading business.
  6. We will need to use such trading plan that is Easy to understand for us.
  7. We can get success from this business and become Better Traders with the help of a Reliable Plan.
  8. I am doing my Forex Trading with the International Broker FXOpen They have Low Spreads in Gold and Forex Pairs with USD.
  9. We can start learning about the Forex markets with the help of a Balanced Trading Plan.
  10. We will need to use such kind of a Trading System that is more easy for us t o understand and use.
  11. I am doing my trades in the Forex markets with the MT4 from 10 Years
  12. We can get more income from the Forex markets with the help of a Trading Plan.
  13. We should start making more Efforts so that we are able to get the Required Profits.
  14. Newbie Traders need to start doing their trades with a Regulated Broker.
  15. We will need to make use of the Lower Trading leverages so that the income we are getting will remain Stable.
  16. BTCUSD and XRPUSD Technical Analysis – 12th OCT, 2021 BTCUSD: Rising Uptrend Channel Above $54K Bitcoin continues to gain momentum and is now moving in a rising uptrend channel formation above $54000. BTCUSD continues its bullish run today in the European trading session, having crossed the level of $57000. Bitcoin is trading above both 100 hourly simple and exponential moving averages. The rally in the BTC continues with fresh buying support seen after it touched an intraday low of $56439 today in the Asian trading session. The medium to long term outlook for bitcoin remains bullish with immediate targets for today at $58500. Commodity channel index (14-day) and ultimate oscillator are both indicating a BUY at the current market levels of $57450. Bitcoin crossed its major resistance levels of $51357 and continues to remain above these levels. BTCUSD short-term correction is expected towards $56000 today in the US trading session. The price is now trading above its pivot levels of $57314. A high relative strength (RSI) of 58.60 is a sign of overbought levels. Bitcoin’s Rally Towards $60K Confirmed BTCUSD price may also get into a consolidation phase below $57000 today in the US trading session. Bitcoin dips are well supported this week and the price remains above its classic support levels of $56454 and Fibonacci support levels of $56773. Now the price of bitcoin needs to clear the Woodie’s resistance level of $58029 after which the path towards $62000 will get cleared. In the last 24hrs BTCUSD is up by +1.43% at +1057$ and has a 24hr trading volume of USD 40.167 billion. Bitcoin Gaining Traction There has been an increased demand for bitcoin from Central and Latin America after the adoption of bitcoin as legal tender by El Salvador. The increase in the number of peer to peer (P2P) transactions seen in both Central and Latin America is fueling the demand for bitcoin and its wide scale adoption and usage. Bitcoin dips remain well supported with increased buying pressure seen above $54000. The demand for bitcoin remains at an all-time high on major cryptocurrency exchanges worldwide. The Week Ahead The price of BTCUSD is moving between the support level of $52000 and its major resistance level of $63500. Now, if the bull run continues, we will see BTCUSD printing at above $60000, but if the bearish correction starts, the prices will go down towards the $55000 handle. Since the medium-term outlook remains bullish, we will see BTCUSD closing above $60000 this week and crossing the levels of $62000 in the opening of next week. Technical Indicators: Relative strength index (14-day): at 58.60 indicating a BUY Bull/Bear power (13-day): at 419.85 indicating a BUY Moving averages convergence divergence (12,26): at 248.30 indicating a BUY StochRSI (9,6): at 98.69 indicating overbought levels. Read Full on FXOpen Company Blog...
  17. Japanese Stocks Outperformed Their Peers in September. Will the Rally Continue? In September, financial markets celebrated the change in the Japanese leadership by sending up the stocks. Likewise, the news of the Japanese prime minister’s resignation has spurred a stock market rally, and in September, the TOPIX index outperformed its peers like NASDAQ or MSCI AC World Index. Since a new prime minister was approved by the parliament, the stock market has been rallying on the news that the new leadership is preparing a new stimulus package to support economic recovery. But there is something else behind the Japanese equities rally. As it turns out, the new prime minister, Fumio Kishida, is backing down on his talk of raising corporate taxes. The news has spurred a further rally in the stocks and a lowering of the Japanese yen. What About the Japanese Yen? The Japanese yen has been dropping like a rock recently, as seen in the main JPY pairs like USD/JPY and EUR/JPY. USD/JPY, in particular, seems very strong. The market trades now close to 113, up close to 100 pips points since the start of the current trading week. The move higher in the Japanese yen diverges from the rest of the financial markets. The yen is typically viewed as a risk-off currency, and the stock market decline in September failed to trigger a stronger yen. Instead, it correlates now with the Japanese equities. Another factor driving Japanese equities higher is the successful vaccination campaign. While the campaign started slow, it is now fast approaching herd immunity levels. All in all, the momentum in the Japanese equity market seems strong, fueled by local developments. Unless we see a major correction in the US equity markets that will be able to derail the Japanese yen trend, chances are that we will see more of the same in the months left in the trading year. FXOpen Blog
  18. GBP/USD Eyes Upside Break While GBP/JPY Is Rising GBP/USD is rising and it could continue higher if there is a break above 1.3700. GBP/JPY is surging and it is trading above the 152.50 pivot level. Important Takeaways for GBP/USD and GBP/JPY The British Pound traded as low as 1.3414 before it started an upside correction against the US Dollar. There was a break above a major bearish trend line with resistance near 1.3610 on the hourly chart of GBP/USD. GBP/JPY gained pace and was able to clear the 152.50 resistance zone. There is a key bullish trend line forming with support near 152.20 on the hourly chart. GBP/USD Technical Analysis This past week, the British Pound extended its decline below the 1.3550 support level against the US Dollar. The GBP/USD pair even broke the 1.3500 and 1.3450 support levels. It traded as low as 1.3414 on FXOpen before it started a decent increase. There was a steady increase above the 1.3500 resistance level. The price surpassed the 1.3550 resistance level, but it remained below the 50 hourly simple moving average. GBP/USD Hourly Chart There was a break above a major bearish trend line with resistance near 1.3610 on the hourly chart of GBP/USD. Besides, the pair surpassed the 38.2% Fib retracement level of the main decline from the 1.3912 swing high to 1.3414 low. The pair even climbed above 1.3600 and retested the 1.3620 resistance levels. However, the pair is now facing resistance near the 1.3660 level. It is also struggling near the 50% Fib retracement level of the main decline from the 1.3912 swing high to 1.3414 low. A close above the 1.3660 level could open the doors for more gains. The next major hurdle is near 1.3700 and the 50 hourly SMA, above which the pair could surge towards 1.3800. On the downside, an immediate support is near the 1.3620 level. The next major support is near the 1.3550 level. If there is a break below the 1.3550 support, the pair could test the 1.3500 support. If there are additional losses, the pair could decline towards the 1.3420 level. Read Full on FXOpen Company Blog...
  19. Changes in Trading Hours on Hong Kong Public Holiday Dear Traders, Due to the forthcoming 14 October public holiday in Hong Kong, trading hours for some financial instruments will be changed on the following days: Indices: Hong Kong 50 (#HSI): Wednesday, October 13th, 2021: 01:00 - 22:00 (GMT+3);Thursday, October 14th, 2021: trading closed;Friday, October 15th, 2021: trading starts at 04:15 (GMT+3). All other instruments will be traded without changes. Please consider this information when planning your trading for the upcoming week! FXOpen Company News
  20. Overview of FXOpen's Best-preforming PAMM Accounts in September 2021 We’re deep into fall, but don’t let the cooling weather distract you as you’re choosing FXOpen’s PAMM providers to add to your investment portfolio. A new wave of COVID-19 has hit the world, with currency and commodity markets suffering collateral damage. China is tightening the screws on cryptocurrencies, so increased activity and chaos are observed in all the markets. Our review of PAMM providers who outperformed their peers in September will help you make the right choice as an investor. Also, FXOpen’s Money Managers contest has been running since August 2. Traders showing stability and a drawdown up to 20% have the opportunity to earn a hefty money prize for further managing. Although we no longer accept applications, you can — and should! — monitor the managers’ progress. Read Full on FXOpen Company Blog...
  21. Gold Price and Crude Oil Price Eye More Upsides Gold price is trading in a positive zone above the $1,750 support. Crude oil price is gaining pace and it could rise further above $80.00. Important Takeaways for Gold and Oil Gold price started a decent increase above the $1,750 resistance against the US Dollar. There is a key bullish trend line forming with support near $1,755 on the hourly chart of gold. Crude oil price started a fresh rally from the $72.00 support zone. There was a break above a short-term bearish trend line at $76.80 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price started a fresh increase above the $1,740 pivot level against the US Dollar. The price gained pace and it was able to settle above the $1,750 resistance zone. A high was formed near $1,770 on FXOpen and the price corrected lower. There was a break below the $1,755 level, but the bulls remained active near $1,750. A low is formed near $1,745 and the price is now rising. Gold Price Hourly Chart The price is back above the $1,750 level and the 50 hourly simple moving average. It also surpassed the 50% Fib retracement level of the recent decline from the $1,770 swing high to $1,745 low. An immediate resistance on the upside is near the $1,760 level. It is near the 61.8% Fib retracement level of the recent decline from the $1,770 swing high to $1,745 low. The first major resistance is near the $1,762 level. The main resistance is near the $1,770 level. A close above the $1,770 level could open the doors for a steady increase towards $1,800. The next major resistance sits near the $1,820 level. On the downside, an initial support is near the $1,755 level. There is also a key bullish trend line forming with support near $1,755 on the hourly chart of gold. The first major support is near the $1,750 level. A downside break below the $1,750 support zone may possibly spark a steady decline. In the stated case, the price could test the $1,730 support. Read Full on FXOpen Company Blog...
  22. ETHUSD and LTCUSD Technical Analysis – 07th OCT, 2021 ETHUSD: Ether Above $3500 Ethereum is moving in a strong bullish momentum after crossing the $3500 handle, and any dip is reinforced with fresh buying pressure in ETHUSD. ETH is now on its path towards crossing the Fibonacci resistance levels of $3615 and classic resistance levels of $3644 today. Ether is expected to maintain the bullish tone this week and continue towards the $4000 mark as the bulls take over. Today in the Asian trading session ETHUSD touched an intraday low of $3470. ETH is now moving above both the 100 hourly and 200 hourly moving average. After reaching the $3600 level, prices are expected to consolidate towards $3550. Ethereum is on a bullish run towards $3750 Short term to Medium term outlook remains bullish. Staying above both the 100 hourly simple and exponential moving averages The ETHUSD is expected to cross $3850 in the opening of next week. Ether Uptrend Channel Formations ETHUSD is moving in uptrend channel formations by staying above the $3500 levels. Ethereum is now on its path towards $3600 after clearing the 50-day moving average of $3500.82. The volatility in ETHUSD is lower today, and more trading volumes could be seen this week. ETH gained 5.73% with a price change of +$196.88 in the past 24hrs, and has a trading volume of 22.478 billion USD. The Week Ahead Ethereum is moving in a bullish tone this week, and any dips are well supported, pushing its prices above the $3500 mark. A short-term correction is expected once the price reaches $3600 after which the path towards $4000 will be cleared. Since the average direction change (14-day) is neutral, ETHUSD may enter into a consolidation or correction phase at any time; but the renewed buying pressure that is seen will steer its prices above $3600 today in the US trading session. This week, ETH is expected to close above the $3800 level, and the trend will continue in the opening of the next week. Technical Indicators: StochRSI (9,6): at 63.86 indicating a BUY Moving averages convergence divergence (14-day): at 18.72 indicating a BUY Ultimate oscillator: at 61.79 indicating a BUY Bulls/Bears power (13-day): at 18.187 indicating a BUY Read Full on FXOpen Company Blog...
  23. FXOpen GLOBAL Trade with a Global broker and enjoy attractive trading conditions and innovative technological solutions. 16 years of Excellence in serving retail, professional and institutional clients. FXOpen UK FXOpen EU FXOpen AU FXOpen Markets FXOpen clients receive real-time quotes from the industry's largest liquidity providers. The list of our LPs include Dresdner, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan, Morgan Stanley, Deutsche Bank AG, RBS, CITI, UBS, HOTSPOT INST, GOLDMAN and LavaFX. FXOpen guarantees excellent customer support, strict compliance with all trading terms and conditions and reliability, backed up by the latest state-of-the-art technology. FXOpen Global
  24. Facebook Stock Price Under Pressure After This Week’s Outage At the beginning of this trading week, Facebook suffered an outage that lasted for several hours and prevented the users of its apps and services, including Instagram, WhatsApp, and even the company’s website, from accessing them. Facebook stock price dropped down, too. Investors reacted quickly by selling the stock short, as the outage has created a dangerous precedent. Facebook makes most of its revenues from running ads on its platforms, mainly on Facebook, but also on Instagram. The shutdown of any of its income sources is a threat to the company’s future, and the fact that Facebook was not able to recover for several hours worried investors. A faulty configuration change was responsible for the outage, according to Facebook. The big question is, could it happen again? What Does Technical Analysis Say? Truth be told, Facebook charts looked bearish well before this week’s shutdown. The stock price started trending higher after it broke out of a bullish triangle in spring, and did not look back all the way until it reached $380. It climbed to record levels making a series of higher highs and higher lows, typical in rising trends. Technical traders can even spot a bullish channel, but one that is broken now. Moreover, the price action is bearish at the moment because the decline caused by this week’s incident broke the higher lows series. Such a break is said to be bearish, as it signals the end of the previous bullish trend. Moving forward, support is not seen until the level of $300. Facebook is to report its quarterly earnings on October 25, and the market expects EPS of $3.17. The company operates with a gross profit margin of 80.98%, much higher than the 51.07% sector median. Facebook stock price is up +21.89% this year. FXOpen Blog
  25. EUR/USD and EUR/JPY: Euro Eyes Recovery EUR/USD extended its decline to 1.1565 before correcting higher. EUR/JPY is rising, but it is facing hurdles near 129.50 and 129.75. Important Takeaways for EUR/USD and EUR/JPY The Euro gained bearish momentum below 1.1650 and 1.1600. There is a major bearish trend line forming with resistance near 1.1600 on the hourly chart. EUR/JPY is attempting a recovery wave above the 129.20 resistance level. There is a key bullish trend line forming with support near 129.00 on the hourly chart. EUR/USD Technical Analysis The Euro started a major decline after it struggled to clear the 1.1750 resistance against the US Dollar. The EUR/USD pair broke the 1.1650 support zone to move into a bearish zone. The pair even traded below the 1.1600 support and settled below the 50 hourly simple moving average. A low was formed near 1.1563 on FXOpen and the pair is now correcting losses. There was a break above the 1.1600 level. EUR/USD Hourly Chart The pair even spiked above the 1.1620 resistance level, but it faced a strong resistance near the 1.1640 level. A high was formed near 1.1639 and the pair corrected lower. It traded below the 50% Fib retracement level of the upward move from the 1.1563 swing low to 1.1639 high. There is also a major bearish trend line forming with resistance near 1.1600 on the hourly chart. It is now consolidating near the 1.1590 level and below the 50 hourly simple moving average. An immediate resistance is near the 1.1600 level. The main resistance is forming near the 1.1640 and 1.1650 levels. A clear break above the 1.1650 resistance could push EUR/USD towards 1.1750. On the downside, the 1.1665 level is a major support. Any more losses might lead EUR/USD towards the 1.1520 support zone in the near term. The next major support sits near the 1.1500 level. Read Full on FXOpen Company Blog...
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