Daily Technical Analysis FXOpen

[radex78]

LTC AND EOS – FURTHER UPSIDE ANTICIPATED

• LTC/USD
  From Sunday when the price of Litecoin was sitting at around $40.8 at its lowest point we have seen an increase of 12.26% measured to ti’s highest point today which was at $45.9. We have seen the price coming to the levels above its previous horizontal resistance but is still in the zone and is retesting its upper level which is why in the last hour we have seen a red candle developing and the momentum slowing down.
  In either was from here we are most likely to see further uptrend continuation from who’s momentum and strength we are going to evaluate this possibility, but most importantly from the descending move that is coming after.
  
• EOS/USD
  The price of EOS has been following the market trend and has been in an upward trajectory, increasing by 13.57% from Sunday’s low at $2.4 to $2.73 at its highest point today around which the price is still currently being traded/
  Like in the case of Litecoin we would be expecting a retest of the prior higher high at around $2.86 before the completion of this current increase.

Read more on FXOpen blog : https://bit.ly/2OdcTWQ

#Cryptocurrencies
#Stayhomeandtrade #EOSUSD #LTCUSD #blockchain #crypto #EOS #LTC

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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GOLD PRICE SETTLES ABOVE $1,800 WHILE OIL PRICE TURNS RED

Gold price rallied to a new multi-year high above $1,815 before correcting lower. Crude oil price is currently declining and trading in a bearish zone below $40.00.

Important Takeaways for Gold and Oil

• Gold price extended its upward move and traded a new multi-year high at $1,817 against the US Dollar.
• There is a crucial bullish trend line forming with support near $1,795 on the hourly chart of gold.
• Crude oil price started a fresh decline after it failed to gain strength above $41.00.
• There was a break below a major bullish trend line with support near $40.65 on the hourly chart of XTI/USD.

Read more on FXOpen blog: https://bit.ly/3edTC27

#ForexAnalysis
#XTIUSD #OIL #Stayhomeandtrade #GOLD

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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REVIEW OF THE BEST PAMM ACCOUNTS OF FXOPEN IN JUNE 2020

The hot summer does not inspire much to think about forming an investment portfolio.

Nevertheless, it is necessary to keep an eye on your investments and respond in time to what is happening in the market. Many would like to get connected to such PAMM providers that trade steadily and eliminate concerns about market drawdowns. In our PAMM reviews, we select profitable accounts from last month, so that investors can assess their prospects for a portfolio.
As of July 1, 2020, there are 193 active accounts in FXOpen.

Subscribers’ invested funds amount to 1.910.613.00$ according to investflow statistics.

Promising Top 10 PAMM accounts by FXOpen: https://bit.ly/3enPj4I
#forex #PAMM

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen

 

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MORGAN STANLEY STRATEGISTS REFLECT OPTIMISM REGARDING THE ECONOMIC RECOVERY

The coronavirus pandemic enters its fourth month, and the Western world is divided regarding how the economic recovery will take place. Many voices call for a V-shape recovery, while others are tempered by the mixed economic data coming out each week.

However, there is one optimistic view regarding the recovery, as Morgan Stanley economists expect a much faster recovery when compared with the Great Financial Crisis (GFC).

Optimism is the name of the game if judging by the Morgan Stanley’s 2020 midyear economic outlook. Are we in for a sharp recovery, or is it just unjustified optimism?

Discover on FXOpen blog: https://bit.ly/3gX0R0u

#FinancialMarketNews
#forextrading #forexmarket #Stayhomeandtrade #financialnews #macrotrading

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen

 

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"CryptoMania" — A Free Contest with Real Prize Money

On August 3, FXOpen is launching “CryptoMania”, another free contest for demo accounts. Anyone can join the competition to test their skills in crypto trading.

“CryptoMania" is a unique opportunity not only to gain invaluable trading experience but also to win a prize from a fund of 3,000 USD. Registration is open until August 16, 2020.

Join the contest​

Read more...

 

[radex78]

We have prepared a great article about moving averages in technical analysis!

A Moving Average or MA — one of the oldest and most powerful technical indicators. MAs exist for a long time, and they are among the first indicators ever created to analyze financial markets.

When traders started to use technical analysis to forecast future prices, the first thing to do was to interpret open and closing levels of the previous trading day. Next, they went back in time to collect more data so to better forecast future levels.
Everything was done manually.

Nowadays, computers and modern trading platforms allow traders to compute complex technical indicators with a simple mouse click.

Full text is available on our FXOpen blog: https://bit.ly/2OoUXJd

#ForexStrategies
#TradeSmart #Forex #Trading #TechnicalAnalysis #ForexSchool

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FXOpen
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen

 

[radex78]

Exclusive: FXOpen UK Acquires Cypriot Broker AMB Prime Ltd

The FCA-regulated broker has acquired AMB Prime as part of its expansion plans in Europe.
FXOpen UK, a foreign exchange (forex) broker regulated in the United Kingdom, has revealed exclusively to Finance Magnates that it has acquired AMB Prime Ltd, a Cyprus based broker.

Following the acquisition, AMB Prime Ltd will operate under the name FXOpen EU and will start offering its services under this name on the 17th of August 2020.

Maria Markidou to lead FXOpen EU

AMB Prime Ltd is a full-scope broker that is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Maria Markidou, the Director of AMB Prime Ltd, will continue to lead the new office in Cyprus under FXOpen EU.

According to the statement seen by Finance Magnates, FXOpen UK, which is regulated by the Financial Conduct Authority (FCA), has acquired the broker as part of its expansion in Europe, allowing the company to strengthen its brand presence within the region.
Commenting on the acquisition, Gary Thomson,

Chief Operating Officer of FXOpen UK said in the statement: “It’s an exciting time for FXOpen UK.

We are delighted to expand our presence in Europe, which alongside the UK, is our key target market.
“An injection of capital into the business has enabled us to continue our expansion plans, which means regardless of any potential regulatory changes, we can ensure a seamless continuity of service to our current European clients, whilst continuing to expand our offering and grow our client base, both retail and institutional.”

Continued service developments

In addition to the acquisition announced this Wednesday, FXOpen UK is also investing in its trading platforms and core product suite. Namely, the broker has recently added further liquidity providers into its ECN.

This follows on from the capital injection of £2.2 million in August of last year, which has allowed the firm to roll out several new developments.
“I am delighted and honoured by the opportunity to be a part of the FXOpen team and head the European division,” added Maria Markidou. “I look forward to working for a global forex broker that is focused on its clients, services and technology solutions. I am confident that we can build on these grounds and through investment enhance the brand in Europe and our clients’ experience.”

Read more...

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FXOpen
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen

 

[radex78]

GOLD PRICE COULD DECLINE WHILE OIL PRICE AIMS MORE UPSIDES

Gold price traded to a new multi-year high towards $1,818 before correcting lower. Crude oil price is currently rising and it might continue to climb as long as it is above $40.00.

Important Takeaways for Gold and Oil

• Gold price failed on more than two occasions to clear the $1,815 resistance against the US Dollar.
• There was a break below a connecting bullish trend line with support near $1,800 on the hourly chart of gold.
• Crude oil price traded to a new weekly high at $41.42 and it is currently correcting gains.
• There is a key bullish trend line forming with support near $40.45 on the hourly chart of XTI/USD.

Read more on FXOpen blog: Facebook, Twitter dan Telegram.

#ForexAnalysis
#GOLD #XTIUSD #Stayhomeandtrade #OIL

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FXOpen Customer Service
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FXOpen
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen

 

[radex78]

"CryptoMania" — A Free Contest with Real Prize Money

On August 3, FXOpen is launching “CryptoMania”, another free contest for demo accounts. Anyone can join the competition to test their skills in crypto trading.

“CryptoMania" is a unique opportunity not only to gain invaluable trading experience but also to win a prize from a fund of 3,000 USD. Registration is open until August 16, 2020.

Join the contest​

Read more...

 

[radex78]

TENSE NEGOTIATIONS IN THE EUROZONE TO INFLUENCE THIS WEEK’S VOLATILITY

Last week the Euro started on a strong note. From early trading last Monday, it gained across the FX dashboard and did not look back.

The EURUSD, EURGBP, EURJPY, EURAUD – they all moved higher.

After all, last week was the European Central Bank (ECB) meeting, and the Euro outperformed since the June 2020 meeting.

Did investors prepare for a new rally?

Probably so, but the focus was not on the ECB monetary policy decision. In fact, both the decision and the press conference turned out to be fully priced in, as they did not bring anything new to the trading table. Instead, investors eyed the all-important EU summit that was about to start last Friday.

Read more on FXOpen blog: https://bit.ly/32w69vQ

#FinancialMarketNews
#EURUSD #EURGBP #EURJPY #EURAUD #forex #StayHomeAndTrade

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FXOpen Customer Service
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FXOpen
FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
Open account//Join FXOpen