Daily Technical Analysis FXOpen

[radex78]

Trading Server Time Switches to GMT+2

Dear Clients,

Please, note that on November 1, 2020, FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company's MetaTrader/ TickTrader platforms will be set to GMT+2, starting with the market opening on Monday (November 2, 2020).

The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly.

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LTC AND EOS – SHOWING STRONG BULLISH MOMENTUM

• LTC/USD
  From last week when the price of Litecoin was sitting at $46.3 level at its lowest, we have seen an increase of 21.64% as the price came up to $56.32 at its highest point today. Now it is being slightly lower but we have seen strong bullish momentum behind the price action and is still in an upward trajectory.
  As the price continues increasing and has been showing bullish momentum a pullback of the same degree would be expected to develop shortly but considering the power behind the move, it might not be so deep as expected. We could see some kind of an ascending range in the form of the triangle or a channel for the completion of the 5th wave.
  
• EOS/USD
  The price of EOS has experienced an increase of 7.6% coming from the $2.5 level on Tuesday to $2.7 at its highest point today. The amount of increase isn’t as significant but a breakout that was made on Monday was validated by the interaction with the descending trendline where it found support. If the price continues increasing beyond the 0 Fibonacci level a spike to the 0.236 Fib level would look likely as another spike like the one made on the 6th of October could occur.

Read more on FXOpen blog: https://bit.ly/3o9PRB4

#cryptocurrency#LTCUSD #EOSUSD #forex #traiding #crypto

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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 PRICES AND OIL PRICES ARE CLOSE TO A KEY BREAKTHROUGH NEXT.

Gold prices started fresh losses after failing to clear $ 1,930 resistance. Crude oil prices are currently holding $ 40.50 support and eyeing their next key break.

Important takeaways for Gold and Oil

• Gold price extended its advance to $ 1,930 before correcting lower against the US dollar.
  
• There is a large bullish trend line forming with support of almost $ 1,900 on the hourly chart of gold.
  
• Crude oil prices formed strong support near the $ 39.75 level before advancing higher.
  
• There is a key bearish trend line forming with resistance of almost $ 40.80 on the hourly chart of XTI / USD.

Read more on the FXOpen blog: https://bit.ly/3ksy45

# forexanalysis # XTIUSD #XAUUSD #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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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 - one of the most successful and fastest-growing Forex brokers.
UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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[radex78]

ATTENTION! CONTEST Facebook official page

Guess the currency rate and get money!

We are continuing a series of contests among our subscribers.

This week we will give away $50 to those, who will provide the closest forecast for the GBP/USD pair

The official EUR/USD rate on the closed market 10/23/2020 11:59:59 p.m. on the FX Open terminal on ECN: 1,1856, last week the winners were:

• Sabor Haleem with 1.1800 result - 30$ prize
• Mona Makien with 1.1780 result - 10$ prize
• Heno Heno with 1.1750 result - 10$ prize

To take part in the contest you need to:

• 1. Share this news on your page.
• 2. Write in the comment to this post:

Your currency rate forecast (4 decimal places, EXAMPLE: 1.1313)

Number of your FXOpen trading account to speed up the process of transferring the prize money (open a trading account for free here: http://bit.ly/33RhT93) )

Regulations:

• 1. The competition starts from the moment the post is published. Your answers are accepted until 10:00 (GMT+3) 10/30/2020.
• 2. You are allowed to leave only one forecast.
• 3. If the forecast repeats, the winner is the participant who first posted their comment.
• 4. It is forbidden to change your comments.
• 5. The rate is compared to the forex rate on the ECN account on a closed daily candle on Friday.
• 6. To get the prize money, the winner must provide their FXOpen STP account in USD.

We will decide 3 winners.

• the most accurate forecast - $30 to your FXOpen account
• and as close as possible results - $10 each to your FXOpen account

* Prize funds are credited to FXOpen STP account as a bonus and will be available for withdrawal after a certain number of trades has been completed: $2 = 1 transaction with any order volume (30$ -15 trades, 10$ -5 trades).
** It is forbidden to withdraw money or transfer to another trading account until the above mentioned conditions are fulfilled.

READ MORE IN OFFICIAL PAGE FXOPEN

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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]

BTC DAN XRP - MENINGKAT TERLIHAT TETAPI MASIH BISA KOREKIF

• BTC/USD
  Dari harga terendah kemarin di $ 12771, harga Bitcoin telah meningkat sekitar 5% karena mencapai sedikit di bawah $ 13400 yang saat ini diperdagangkan. Harga berada dalam lintasan ke atas setelah beberapa hari konsolidasi tetapi karena terjadi dalam kisaran menaik, ini bisa menjadi kelanjutan dari struktur menaik tersebut.
  
• XRP/USD
  Harga Ripple telah meningkat 3,48% dari terendah kemarin di $ 0,2443 dan saat ini diperdagangkan pada $ 0,25193. Kenaikan ini telah mendorong harga naik ke level pertahanan kecil yang merupakan support horizontal sebelumnya dan sekarang sedang diuji. Harga menemukan support pada level support saluran naik tetapi turun sedikit di bawahnya di persimpangan dengan $ 0,24730 yang dapat diartikan sebagai tanda bullish.

Baca lebih lanjut di blog FXOpen: https://bit.ly/2TsSvnr

# cryptocurrency # BTCUSD #XRPUSD #bitcoin #ripple #crypto # forex-

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[radex78]

EUR/USD DECLINING WHILE USD/CHF COULD GAIN MOMENTUM

EUR/USD struggled to clear the 1.1880 resistance and decline below 1.1820. USD/CHF is showing positive signs and it could gain momentum above 0.9100.

Important Takeaways for EUR/USD and USD/CHF

• The Euro struggled to hold gains and declined below the 1.1820 support against the US Dollar.
  
• There was a break below a major contracting triangle with support near 1.1810 on the hourly chart of EUR/USD.
  
• USD/CHF started a fresh increase from the 0.9040 support zone and climbed above 0.9065.
  
• There is a key rising channel forming with support near 0.9075 on the hourly chart.

Read more on FXOpen blog: https://bit.ly/34x1b2v

#forexanalysis#USDCHF #EURUSD #forex #traiding

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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]

LTC AND EOS – CONSOLIDATING BEFORE FURTHER UPSIDE

• LTC/USD
  From yesterday’s high at $60.28 the price of Litecoin has decreased by 9.14% as it came down to the $54.8 level at its lowest point today. The price is currently being traded around $55.84 but is in a downward trajectory overall.
  As the price has been impulsively increasing since the 21st of October this upside move is expected to continue for another higher high which would be the 5th wave from the Minuette count but it is still unclear whether or not the 4th wave ended today’s downfall.
  
• EOS/USD
  The price of EOS has been moving sideways in these last couple of days after it decreased from $2.742 to $2.6 level on Monday which was a downfall of 5.1%. But since then it made a recovery, spiking up to the level from which the downfall was made and again fell back slightly above Monday’s low.
  With its support level being slightly steeper the breakout to the upside looks more probable but there is still a possibility that the corrective count would get extended with further decline ahead. This is why we are going to get a validation from the breakout direction shortly from whose direction we are going to evaluate these possibilities.

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

#cryptocurrencies#LTCUSD #EOSUSD #litecoin #forex #crypto

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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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DON’T TURN YOUR MONEY INTO A PUMPKIN: HALLOWEEN STRATEGY AND HOW IT WORKS

There is an old investment saying: “Sell it in May and go away”. It describes a strategy that recommends investors to close their positions in May and reopen them in October. Let’s delve into the details and see this is relevant to the current state of the market.

A bit of history

It is believed that the practice of selling shares in May originated in England, somewhere between 1694 and 1776. The full version of the said looks as follows: “Sell everything in May and leave the market, come back on St. Leger’s day”. This reference to the horse races of St. Leger, the last leg of the British Triple Crown, a purebred horse racing competition that takes place every year in mid-September.

Halloween effect

The so-called Halloween effect is also closely related to the described phenomenon. This is the theory that the market shows better results between October 31 and May 1, or in the winter months. It is still believed that large investors will become more active during cold times, opening positions on the stock market. Additional investments further stimulate liquidity in the market.

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

#ForexStrategies

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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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[radex78]

Trading Server Time Switches to GMT+2

Dear Clients,

Please, note that on November 1, 2020, FXOpen will switch its trading servers from GMT +3 to GMT +2. The GMT offset in the company's MetaTrader/ TickTrader platforms will be set to GMT+2, starting with the market opening on Monday (November 2, 2020).

The changing of server time should not impact your open trades or the process of opening, placing, closing and modifying orders. However, you should keep this information in mind while planning your trading activities. Also, do not forget to adjust the time settings in your Indicators and Expert Advisors accordingly.

Read more...

Follow the updates on Facebook, Twitter dan Telegram.

FXOpen Customer Service
E-mail: [email protected]
Live Chat (24/5)

Subscribe our FXOpen Youtube Channel

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

 

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VOLATILE TRADING WEEK AHEAD AS U.S. ELECTIONS ARE DUE

Financial markets prepare for a volatile trading week ahead. The U.S. elections are due on November 3rd, and the complex process of electing the new President and the Congress’ composition may delay the outcome for days or even weeks.

The U.S. dollar, as well as the U.S. stock market, are main volatility drivers in financial markets. For the past several months, neither the USD nor the stock market did nothing – they both awaited the U.S. elections outcome.

Three Central Banks Plus the NFP

The U.S. elections will likely steal the thunder from this trading week, but some other important economic events are worth monitoring. Three central banks announce their policy decisions this week – the Reserve Bank of Australia tomorrow, the Federal Reserve on Wednesday, and the Bank of England on Friday.
While the market does not expect something new from the RBA, the Fed and the BOE may bring some surprises. That is especially the case of the Bank of England as the market priced in an increase in the quantitative easing program. Coupled with the new lockdown to start the same day in the United Kingdom, the combination of the two may weigh on the GBP.

Read more on FXOpen blog: https://bit.ly/384lbf1

#FinancialMarketNews

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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