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Trading hours on Australia Day Dear Traders, Please be aware of the trading schedule changes for Australia Day observed on January 26th (all times are GMT+2): Wednesday, January 25 Indices CFD: Australia 200 (#AUS200) - till 23:00. Thursday, January 26 Indices CFD: Australia 200 (#AUS200) - starts at 08:10. All other financial markets will be traded as usual. Please consider this information as you plan your trading and note that the hours above are subject to change. VIEW FULL NEWS VISIT - FXOpen Company News... Disclaimer: This Publication represents FXOpen Companies News only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

ForexCup Trading Championship 2023 Dear ForexCup subscribers and followers! The FTC is entering its third season, and we are very happy to see the increasing activity of the participants. At the moment the championship has already 13 registrations, and there are both new names and old-timers among them: Seyit Altuntas (Turkey) Michael Smith (Canada) Prieur Du Plessis (Slovenia) Ebru Goren (Turkey) Josue Nauzaya Ngingasa (South Africa) Busra Ozden (Turkey) Andrea Marenda (Switzerland) Fransiska Selbie (United Kingdom) Long Vuong (Canada) Hong Ling Huang (Canada) Yu Chuin Chai Malaysia Emirhan Goren Turkey - FTC 2021 Winner Giuliano Scaglioni Italy We wish the best of luck to all participants and encourage those who hesitate not to put off registering. Start forging your results now and compete with the best! Join FTC and compete with the Best! ForexCup News Disclaimer: This Publication represents FXOpen Companies News only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

BTCUSD and XRPUSD Technical Analysis – 17th JAN 2023 BTCUSD: Three Inside Up Pattern Above $17323 Bitcoin continues its bullish momentum from last week and after touching a low of $17323 on 11th Jan, the price started to correct upwards against the US Dollar and is now ranging above the $21000 handle in the European trading session today. We can see an upwards rally in the BTCUSD which managed to touch the level of $21390 on 16th Jan. We can clearly see a three inside up pattern above the $17323 handle which is a bullish reversal pattern because it signifies the end of a downtrend and a shift towards an uptrend. Bitcoin touched an intraday high of 21288 and an intraday low of 20952 in the Asian trading session today. The price of bitcoin is ranging near a new record high of 1 month. The ichimoku is indicating a bullish crossover with tenkan and kijun in the 30-minute time frame. Both the STOCH and Williams percent range are indicating overbought levels which means that in the immediate short term, a decline in the prices is expected. The resistance of the channel is broken in the 15-minute time frame indicating bullish trends. The relative strength index is at 72.09 indicating a very strong demand for bitcoin, and the continuation of the buying pressure in the markets. Bitcoin is now moving above its 100 hourly simple moving average and above its 100 hourly exponential moving averages. Most of the major technical indicators are giving a buy signal, which means that in the immediate short term, we are expecting targets of 22000 and 23500. The average true range is indicating less market volatility with a strong bullish momentum. Bitcoin: bullish continuation seen above $17323 The STOCHRSI is indicating an OVERSOLD level The price is now trading just below its pivot level of $21167 The short term range is strongly bullish Bitcoin: Bullish Continuation Seen Above $17323 The price of Bitcoin witnessed a rally after crossing the $18000 levels, and now we can see some market consolidation above the $21000 levels. After the consolidation phase is over, we are expecting upside moves in the range of $22000 to $24000 levels. There is an ascending channel forming with the current support at $17379 which is a 14-3 day raw stochastic at 20%. We can see the formation of a bullish trend reversal pattern with the adaptive moving average AMA20 in the 15-minute time frame. The immediate short-term outlook for bitcoin is strongly bullish, the medium-term outlook has turned bullish, and the long-term outlook remains neutral under present market conditions. Bitcoin’s support zone is located at $18865 which is a 50% retracement from a 4-week high/low and at $19892 which is a 14-3 day raw stochastic at 70%. The price of BTCUSD is now facing its classic resistance level of 21263 and Fibonacci resistance level of 21320 after which the path towards 22000 will get cleared. In the last 24hrs BTCUSD has increased by 1.28% by 266.18$ and has a 24hr trading volume of USD 22.330 billion. We can see a decrease of 4.90% in the trading volume compared to yesterday, which appears to be normal. The Week Ahead Bitcoin’s price rocketed higher recently and moved to a 2-month high crossing the $21000 levels. We are now looking for the next upwards move towards the $22000 and $24000 levels. The daily RSI is printing at 86.91 which indicates a very STRONG demand for bitcoin and the continuation of the bullish phase present in the markets in the short-term range. We can see the formation of a bullish trend line from $17323 towards the $21324 level. The price of BTCUSD is now facing its resistance zone located at $21466 which is a 13-week high and $22981 which is a 3-10 day MACD oscillator stalls. The weekly outlook is projected at $23000 with a consolidation zone of $22000. Technical Indicators: The MACD (12,26): is at 689.90 indicating a BUY The commodity channel index, CCI (14): is at 86.32 indicating a BUY The rate of price change, ROC: is at 1.60 indicating a BUY Bull/bear power (13): is at 593.30 indicating a BUY VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

FTSE 100 still at highest levels in 5 years despite this morning's drop The performance of the 100 most prestigious companies listed on the London Stock Exchange has made for exciting viewing over recent days, with the FTSE 100 index that tracks them having rocketed in value. Last week, the FTSE 100 index raced to its highest point in over three years, with some analysts across the City of London having begun to wonder whether it may reach 8,000 points. Yesterday, the rally continued, and the FTSE 100 reached its highest position in five years, which is a remarkable milestone, as the trading day ended at a very high 7,856. This morning, the trading bonanza came to an abrupt end, as a sudden drop took place at 9.00am during the London trading session, signaling a break in the FTSE 100 index's almost unstoppable rally. However, even after such a drop, the FTSE 100 was still standing at 7,845 points which is still its highest point in five years apart from yesterday's peak. The sudden drop was quickly reversed, and by 9.30am there was a slight movement upwards once again, which by 9.45am resulted in a climb back to 7,849 points. Now it is hard to tell whether this upward movement will continue and cancel out this morning's drop entirely, or whether this is the end of the massive rally experienced by the FTSE 100 index over recent weeks. Interestingly, in this age of high technology in which internet giants such as Amazon and Google dominate the world's corporate stage, NASDAQ has been hit badly with weakening overall stock values as the US tech stocks and electric vehicle manufacturers' poor performance has had an impact. Meanwhile the FTSE 100 which tracks traditional firms such as airlines, mining companies, banks, pharmaceuticals, retail giants, supermarkets and healthcare firms among others, is booming. All this with a backdrop of a weak economy in the United Kingdom and high inflation compared to greater production output and lower inflation in the United States. For the moment, it certainly appears that there is life in 'low tech' and that London's trading floor is a hive of activity. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

Crypto winter giving way to Crypto spring? Bitcoin suddenly wakes up The long, drawn-out period which has lasted several months in which Bitcoin, previously as volatile as a piece of magnesium ribbon over a naked flame, has been utterly stagnant. The days of $60,000 values and cliffhanger tweets by influencers suddenly crashing and inflating the value of the world's most valuable cryptocurrency seem a distant memory. If 2021 was the year of the Bitcoin-related rollercoaster ride, 2022 has been a year of absolute hibernation, representing a contrast so great that it is hard to imagine that it is the same investment vehicle. The doldrums which have existed for a few months now have been dubbed 'crypto winter' by analysts and journalists, a term used to depict the low values and lack of market movement which has overshadowed the previous enthuaiasm for Bitcoin trading. Today, however, during the Asian session, Bitcoin suddenly rose in value by a substantial amount, to $21,382 by 2.25am UK time. On Thursday last week, Bitcoin was languishing at $18,880 therefore the rise over just 3 working days has been over $2,000. As the price of Bitcoin headed toward the $20,000 mark at the beginning of this week, the total cryptocurrency market capitalization figure began to approach £1 trillion. This is the first time that Bitcoin has passed the $20,000 mark since before the collapse of cryptocurrency exchange FTX in November. Last week, cryptocurrencies began to rise in value, with Ethereum, the world's second most popular cryptocurrency, having also increased its capitalization leading to a speculation among some analysts that the crypto winter may be over and some degree of resurgence is beginning. Of course, these small increases are a far cry from the huge surges in value experienced in 2021, but they are significant when considering the totally flat values that have been in place for a few months. Crypto-denominated stocks are also on the up, largely due to the sudden bullish approach to cryptocurrencies that has come about, and some pundits are considering that the lingering issue of continued inflation among centrally issued currencies and centralized economies dogged by recessions and rising costs are waking up the prices of cryptocurrencies as people look toward another year of high costs and depreciating fiat currencies and search for alternatives. These opinions all amount to guesswork, however, but what is for sure is that there is a definitive sudden interest in cryptocurrencies once again and that is clearly demonstrated by looking at the chart patterns this morning. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.

GBP/USD Gains Pace While EUR/GBP Corrects Lower GBP/USD started a fresh increase above the 1.2200 resistance zone. EUR/GBP is slowly moving lower below the 0.8880 support zone. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a fresh increase above the 1.2200 resistance against the US Dollar. There is a key bullish trend line forming with support near 1.2220 on the hourly chart of GBP/USD. EUR/GBP started a downside correction below the 0.8880 support zone. There was a break below a connecting bullish trend line with support near 0.8860 on the hourly chart. GBP/USD Technical Analysis The British Pound remained well bid above the 1.2120 level against the US Dollar. The GBP/USD pair gained pace above the 1.2200 level to move into a positive zone. There was a clear move above the 1.2220 level and the 50 hourly simple moving average. The bulls seem to be in control and a high is formed near 1.2287 on FXOpen. It is now consolidating gains and showing positive signs above the 1.2250 level. GBP/USD Hourly Chart On the upside, an initial resistance is near the 1.2300 level. The first major resistance is near the 1.2320 level. A clear move above the 1.2320 level could spark a decent increase. The next major resistance sits near the 1.2200 level. Any more gains might send the pair towards the 1.2400 resistance zone. On the downside, an initial support is near the 1.2250 level or the 23.6% Fib retracement level of the upward move from the 1.2150 swing low to 1.2287 high. The next major support is near the 1.2220 level. There is also a key bullish tend line forming with support near 1.2220 on the hourly chart of GBP/USD. The trend line is near the 50% Fib retracement level of the upward move from the 1.2150 swing low to 1.2287 high. Any more losses could lead the pair towards the 1.2150 support zone. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.

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