Daily Technical Analysis FXOpen

[radex78]

BTC AND XRP – ASCENDING TRIANGLE BREAKOUT AHEAD

• BTC/USD
  Since the start of the week, we have seen the price of Bitcoin increasing to $10950 area which was its highest point yesterday. But since then the price made a decrease of 2.74% and fell to $10685 at its lowest point. Currently, we are seeing the price in an upward trajectory and being traded at $10793 with it looking like the increase is likely to continue.
  As the support level has been retested and it proved to serve as the support we are seeing another bounce but it is still unclear whether or not this bounce is set to push the price for a proper breakout to the upside or is it a minor corrective increase before the further decline.
  
• XRP/USD
  The price of Ripple has decreased as well since yesterday and came down by around 2.55% but manage to make up those losses and is currently being traded around the levels of the yesterday’s downfall starting point. These are the levels of the horizontal support now serving as resistance and was validated again on yesterday’s interaction.
  If however the price gets rejected again at the horizontal level it could potentially set it up for another downturn below its last week’s low at $0.222. But more likely we are going to see a breakout to the upside as this ascending structure is showing bullish sings.

Read more on FXOpen blog: https://bit.ly/33cwEX7

#cryptocurrencies#BTCUSD #XRPUSD #Bitcoin #Ripple #crypto #cryptocurrency

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

FXOpen Launches CASHU Payments

Dear Clients,

FXOpen is delighted to announce a new, cutting-edge payment method for our clients, via CASHU. CASHU is a safe and secure online payment method that was established in 2002 by Maktoob.com. It is recognized as the first and the largest in the MENA region, serving nearly 2.3 million consumers with accessible and easy solutions to pay online.

More details:

• Currency: USD;
• Payment Processing Time: instant;
• Minimum deposit: $10;
• Maximum deposit: $5000;
• Deposit fee: 7%*.
• *To celebrate the launch, clients can deposit for free, with 0% commission.
  
  Learn how to deposit via CASHU in our knowledge base.
  
  
  Deposit via CASHU​
  
  Why CASHU?
  • The most widespread payment method in the MENA region;
  • CASHU is available through over 75,000 of credible and approachable vendors;
  • Accepted by over 7,000 online merchants around the globe;
  • Protects your money from online fraud through advanced and secure technology.
  Visit cashu.com for any additional information.
  
  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.
  10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

LTC AND EOS – UPSIDE EXPECTED

• LTC/USD
  Last week, on Wednesday, September 23rd, the price of Litecoin came down to revisit the September 21st low area and was coming to around $42.5. Since then we have seen the formation of the ascending channel in which the price has been bouncing and now again came to its resistance level for a higher high. At the moment it is being traded at $47.9 which is slightly below todays high but is showing strong bullish momentum as the majority of the increase occurred in two hours.
  If the price starts moving to the downside again and starts going below the ascending channel’s support it can likely find it at the $45.3 level but if it continues moving below it, it would indicate that the channel structure was corrective in nature. However, more likely, we are to see an uptrend continuation and a breakout to the upside.
  
• EOS/USD
  The price of EOS has increased by 2.6% from yesterday’s low at $2.56 measured to its highest point today at $2.627 around which it is currently being traded. Minor pullback has made a horizontal support level above $2.56 which is an indication that the buyers are providing the support there, and with the ascending move that followed that the buying has been activated.
  The currently tested area is the previous horizontal support level validated on the 16th of September and now serves as resistance which is why its surpassing would indicate that the price increase is in a sustainable trend.

Read more on FXOpen blog: https://bit.ly/3jlHgs6

#cryptocurrency#LTCUSD #EOSUSD #litecoin #crypto #cryptocurrencies

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

TOP 10 TRADING MEMES PICKED AND COMMENTED BY FXOPEN

If anyone feels that exchange and Forex traders are alien to the sense of humor and self-irony, then please see below 10 evidence that this is simply not true. We have searched the entire Internet (well, pretty much) in search of only the freshest and best quality trading memes. Enjoy!

To see all the memes follow the link: https://bit.ly/30qYgGe

#ForexFunSide#forex #traiding #memes #humor

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

Participate in the “Money Managers” contest and win up to $5000

FXOpen and ForexCup invite traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD! The contest starts on October 5, 2020, and registration will be open for another month until October 31 2020

Participate​

Read more...

#CONTEST

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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.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

MACRO THEMES TO CONSIDER FOR THE END OF 2020

The last quarter of the year started with a bang. Last Friday, the President of the United States (POTUS) announced that, together with the First Lady, they tested positive for the COVID-19 virus. The news created chaos on financial markets, but by the end of the trading day, things have calmed down a bit.

COVID-19 stole the show in 2020.

Events that usually influenced macroeconomics came as secondary in importance since the pandemic reached the Western World. As the world still learns how to cope with the virus, some major themes remain in place for the rest of the trading year.

The U.S. Presidential Elections

The U.S. elections are on everybody’s lips and a major driver in the market’s volatility moving forward. No less than three debates between the two candidates are scheduled, one already taking place last week. However, the recent announcement of the President’s infection puts everything in question, and no one knows what the next days will bring.

ECB to Expand the QE Program

Last week the Eurozone core inflation dropped close to the zero level, putting pressure on the ECB to expand the QE program. The expectations are now that the ECB will increase the program by another EUR500 billion in December, which should weigh on the EUR pairs in the months ahead.

Brexit to Dominate the GBP Moves

Brexit negotiations continue to influence the way the GBP pairs move. As we have seen last week, the European Commission started the infringement procedures against the United Kingdom on the back of the latter, breaking the Withdrawal Agreement. If there is no deal as we get closer to the end of the year, expect the GBP pairs to have a bearish reaction as 2020 end nears.

Read more on FXOpen blog: https://bit.ly/3d0hgAd

#financialmarketnews#elections #forex #forexnews #COVID19 #Brexit

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

FXOPEN ARE CELEBRATING THEIR 15TH ANNIVERSARY — COME JOIN THE PARTY!

z
In these 15 years, we have grown from a small community of Forex enthusiasts to a company that unites Forex traders around the world.
Today we are one of the world's leading and fastest-growing

Forex brokers with more than 1,000,000 active clients from 96 countries, a wide range of trading accounts with more than 100+ trading instruments, and years of work dedicated to the Forex industry.

To share our excitement about passing this milestone, we have prepared a special promotion for you!

Reduced trading commission on Anniversary ECN Account

• - 20% for accounts with any deposit volume
• - 50% - from $1,000 to $5,000
• no commission for accounts with a deposit from $5,000
• no commission for all TickTrader ECN accounts

The offer is available from September 23 until October 31, 2020, for clients who open a special Anniversary ECN account in USD and make deposits within this period.

Please note that standard ECN accounts are still subject to standard commission.

Get a bonus: https://bit.ly/2S09htf

#News

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

EUR/USD CORRECTING LOWER WHILE USD/CHF CLIMBS STEADILY

EUR/USD failed to clear the 1.1800 resistance zone and started a downside correction. USD/CHF is correcting higher and showing positive signs above 0.9165.

Important Takeaways for EUR/USD and USD/CHF

• The Euro failed once again to clear the key 1.1800 resistance zone against the US Dollar.
  
• There was a break below a major bullish trend line with support near 1.1740 on the hourly chart of EUR/USD.
  
• USD/CHF traded as low as 0.9133 and recently started an upside correction.
  
• There was a break above a key bearish trend line with resistance near 0.9175 on the hourly chart.

Read more on FXOpen blog: https://bit.ly/3nokCC3

#EURUSD #USDCHF #traiding #forex #forextradingsignals

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

SEPTEMBER 2020 TOP 10 PAMM ACCOUNTS OVERVIEW

The fall is here again, but no matter what the temperature outside the window you need to carefully select PAMM-providers in your investment portfolio. Recently, the currency market has been experiencing increased activity and major turmoil due to the financial crisis. This review of PAMM providers’ accounts, which showed good results in September, will help an investor to make a good choice.

Let me also remind you that the “Money Managers” contest started on October 5, the event where traders with stable trading and drawdown within 20% can win big money. Registration is open till October 31.

TOP 10 PAMM Accounts: https://bit.ly/36JACbH

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

GOLD PRICE AND OIL PRICE SIGNALING MORE UPSIDES

Gold price started a fresh increase from the $1,870 support and climbed above $1,900. Crude oil price is currently rising and trading well above the $40.00 pivot level.

Important Takeaways for Gold and Oil

• Gold price started a strong upward move above the $1,880 and $1,900 levels against the US Dollar.
  
• There was a break above a key rising channel with resistance near $1,902 on the hourly chart of gold.
  
• Crude oil price climbed higher steadily after it broke the $38.80 and $40.00 resistance levels.
  
• There is a major bullish trend line forming with support near $41.00 on the hourly chart of XTI/USD.

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

#forexanalysis#XTIUSD #gold #oil #forex

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FXOpen - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen