FXOpen Trader

Cryptocurrency CFDs TRADING TRADE CRYPTO CURRENCY with CFD Instruments FXOpen lets you trade all the most popular cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Dash (DSH), Ripple (XRP), Monero (XMR), IOTA, EOS, NEO, OMNI in the form of CFDs without having to hold any cryptocurrency directly. WHY TRADE CRYPTOCURRENCY WITH FXOPEN? ONE OF THE LARGEST BITCOIN CFD BROKERS - We use top Liquidity providers (Exchanges) to aggregate liquidity and hedge the risks of client's exposure. Our order execution is based on the ECN Aggregator. TRUE ECN ENVIRONMENT - You can trade cryptocurrencies on MT4 Platform and enjoy all the benefits of ECN execution: you trade against other market participants, not against the broker. LOW SPREADS AND COMMISSIONS - You get tight market spreads and low trading commissions (0.5% half-turn), while the broker benefits as your traded volume and profits grow. TRADE THE WAY YOU LIKE - All the popular Forex trading styles including scalping, hedging and all the types of expert advisors are allowed. THE MOST POPULAR TRADING PLATFORM - Buy or sell instantly with one-click trading on MT4. GO LONG OR SHORT ON ANY CRYPTOCURRENCY CFD - Take a position when you expect a cryptocurrency to fall in value, as well as rise. No actual crypto assets are required. ENJOY PEACE OF MIND TRADING WITH A TRUSTED BROKER - FXOpen is a reliable Forex broker with a 10+ years' history.

LTC and EOS – Further downside more likely LTC/USD The price of Litecoin has been in a decline from Saturday’s high when it came up to $247. From there we have seen a downfall of 35.8% measured to its lowest point of the week made on Tuesday at $158.56. We have seen a minor recovery as the price made a rise to the $190 area but has since pulled back again and is currently sitting just below $180. Looking at the hourly chart, you can see that the price of Litecoin has fallen back to the 0.236 Fib level which was the horizontal resistance point of the prior high made on the 10th of January. It dipped below it which could serve as an early indication that the previous uptrend ended, but it managed to go back above it and is currently testing it for support. If the support gets validated at these levels we could see further uptrend continuation of the impulse wave that started on the 27th of January. However, if the price continues moving to the downside again and makes it into the lower range it would be a stronger indication that the price of Litecoin has ended its previous impulsive move and is now headed towards a correction of the higher degree out of which the downfall from last Saturday was only its 1st sub-wave. Read Full on FXOpen Company Blog...

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EUR/USD and USD/CHF Showing Signs of More Upsides EUR/USD settled above 1.2100 and it is now facing hurdles near 1.2200. USD/CHF is rising and it is likely to accelerate higher above 0.9065. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh increase above the 1.2100 and 1.2120 resistance levels against the US Dollar. There is a key bullish trend line forming with support near 1.2140 on the hourly chart of EUR/USD. USD/CHF started a steady increase and climbed above the 0.9000 resistance zone. There was a break above a major rising channel with resistance near 0.9045 on the hourly chart. EUR/USD Technical Analysis The Euro remained stable above the 1.2000 support and it started a fresh increase against the US Dollar. The EUR/USD pair broke the 1.2100 and 1.2120 resistance levels to move into a positive zone. The pair even broke the 1.2150 resistance and settled above the 50 hourly simple moving average. It traded as high as 1.2179 on FXOpen and it is currently consolidating gains. It corrected below 23.6% Fib retracement level of the recent wave from the 1.2091 low to 1.2179 high. However, the pair found a strong support near the 1.2135 level. It coincides with the 50% Fib retracement level of the recent wave from the 1.2091 low to 1.2179 high. There is also a key bullish trend line forming with support near 1.2140 on the hourly chart of EUR/USD. The pair is now trading nicely above 1.2140 and the 50 hourly simple moving average. If there is a downside break below the trend line support, there could be a sharp decline below 1.2120. The next key support is near the 1.2100 level, below which EUR/USD could decline towards the 1.2040 support. Conversely, the pair could rise further above 1.2180. A successful break above the 1.2180 and 1.2200 resistance levels could lead the pair towards the 1.2250 and 1.2280 levels in the near term. Read Full on FXOpen Company Blog...

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BTC and XRP – Correction or the end of the increase altogether? BTC/USD From its all-time high at $58,360, the price of Bitcoin has made a decrease of 22.8% today as it fell to $45,058 at its lowest spike. Currently, it is being traded at $47,251 and the price is in a steep downward trajectory. Looking at the hourly chart, we can see that the price ended its 3rd wave out of the impulse that started on the 27th of January. This is why the seen decrease is still considered correctional in nature but is still unclear where this downfall could end. If this is the developing 4th wave would have seen its first sub-wave which is why now a short-term recovery would be expected. But after a short-term recovery, we can see its 3rd sub-wave making a lower low, potentially somewhere around its all-time high of $40,000. But if the price goes to those levels it could indicate the possibility that the upward move has ended altogether. If this is true then we have seen the completion of the five-wave impulse at the $58,000 area in which case now a longer-term correction could play out. For the signs of confirmation, we are going to look at what happens at the current levels as if this is the 4th wave the price should start an immediate recovery. But if it continues moving to the downside further in a straight line the second scenario would look more likely. Read Full on FXOpen Company Blog...

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