Daily Technical Analysis FXOpen

[radex78]

LITECOIN AND EOS – BEARS ARE IN CONTROL

• LTC/USD
  The price of Litecoin has been in a decline since Tuesday when it was sitting at $166.11 and made a downfall to $130 level today, which was a decrease of 21.74%. Now the price is being traded slightly higher but is still in a downward trajectory.
  The price made a breakout below the ascending channel that formed since the 11th of January when the price fell to the $112.33 area. From there a recovery was made all the way up above the $160 level but now another impulsive descending move has been seen which is most likely the continuation of the corrective decrease.
  
• EOS/USD
  From its Tuesday’s high at $2.926 the price of EOS has decreased by 12.18% as it came down to $2.579 at its lowest wick today. Now the price is looking like it has stabilized above the $2.62 level and is establishing support.
  The price has made a breakout from the ascending channel like in the case of Litecoin but the pattern isn’t as similar as the price of EOS made a more significant decrease from the 10th of January till the 11th then it has now since Tuesday.

Read more...

#LTCUSD #EOSUSD

#cryptocurrencies



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[radex78]

FOREXCUP TRADING CHAMPIONSHIP 2021

FOREXCUP TRADING CHAMPIONSHIP is a brand-new name in trading championships with a great legacy. With the support of renowned partners, including global forex and CFD broker FXOpen, this is your opportunity to prove your mettle in the trading world.

We commit to providing you with a fair and reliable competition, to allow you to solely focus on your trading and strategies, giving you the best opportunity to prove yourself as the Top Trader.

The only limitation is your self-confidence

Anyone with an FXOpen account can participate in the championship; the only condition is meeting the minimum deposit and ensuring compliance with the rules.

The winners receive:

• a cash prize of $50,000 (first place);
• signature Crystal Trophies (first three places);
• personal brand promotion in press releases, interviews, and articles from the Championship Provider and its partners (first three places).

Trade any instrument
Choose from spot FX, Index, Commodity, Stock, Metal or Crypto CFDs* and start trading.

*Crypto CFDs are not available to trade in all jurisdictions.

No restrictions on fair trading methods
Traders may use any legal strategies — day trading, long positions, EAs. The winner is the trader who demonstrates the most profit at the end of the year. You can read more about the contest rules here.

Read more...

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[/list]

 

[radex78]

Changes to Australia Day Trading Hours

Dear Traders,

Due to the upcoming Australia Day celebrations on Tuesday, January 26th, 2021, you will experience the following change in the trading hours schedule:

Thursday, January 26th

• Indices CFD:
  • Australia 200 (#AUS200) – trading starts at 08:10 AM (GMT +2).

All other financial instruments will be traded as usual.

Please consider these changes when planning your trading next week.


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FXOpen+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

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[radex78]

GBP/USD AND EUR/GBP: BRITISH POUND REMAINS STRONG

GBP/USD extended its rise above the 1.3680 and 1.3700 resistance levels. EUR/GBP is correcting lower and it is approaching a major support near 0.8875.

Important Takeaways for GBP/USD and EUR/GBP

• The British Pound remained well bid above 1.3600 and it climbed above 1.3680.
• There is a key contracting triangle forming with resistance near 1.3715 on the hourly chart of GBP/USD.
• EUR/GBP started a fresh decline after it failed to clear the main 0.8920 resistance zone.
• Earlier, there was a break above a short-term bearish trend line with resistance near 0.0.8860 on the hourly chart.

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FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
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10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

]

 

[radex78]

ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live!

FXOpen, a trusted global CFD and Forex broker is proud to announce the launch of the ForexCup Trading Championship 2021. The contest with the main prize of $50,000 runs from January 1 to December 31, 2021, and is available to all traders with active FXOpen accounts.

The ForexCup Trading Championship is a one-of-a-kind contest designed to engage investors, traders, and portfolio managers in fair and reliable global competition. For an entire year, participants will compete for the title of the best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021.

• The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules.
• Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs.
• Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions.

Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test!

“We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK.

Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here

Source

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FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
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[radex78]

EUR/USD AND EUR/JPY: EURO EYEING UPSIDE BREAK

EUR/USD is holding the 1.2100 support area, but it is also struggling to clear 1.2200. Similarly, EUR/JPY is facing a strong resistance near 126.15, above which it could start a strong increase.

Important Takeaways for EUR/USD and EUR/JPY

• The Euro is consolidating in a range above the 1.2100 support zone.
• There is a major contracting triangle forming with resistance near 1.2170 on the hourly chart of EUR/USD.
• EUR/JPY is facing a major resistance near the 126.15 and 1.2620 levles.
• There is a key contracting triangle forming with resistance near 126.15 on the hourly chart.

Read more...

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FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

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

]

 

[radex78]

LTC AND EOS – CORRECTION MIGHT HAVE ENDED BUT DOWNSIDE POTENTIAL STILL PRESENT

• LTC/USD
  
  The price of Litecoin has been on the rise since yesterday as it came from $118.1 to $132.15 which is an increase of 11.89%. Now it is being traded slightly lower but is still in an upward trajectory.
  This recovery came after a decline of around 20.35% from its high on January 25th when it reached $147.8. This was the continuation of the descending move that started on the 7th of January and is part of the corrective structure of a higher degree count.
  
  
• EOS/USD
  
  From yesterday’s low at $2.465 the price of EOS has increased by 13.61% as it came up to the $2.801 level at its highest point today. The price spiked impulsively to the upside but has since made a minor retracement to the $2.7134 level where it’s currently being traded.
  The price made a higher low yesterday and has attempted to make a higher high but failed to do so on the current rise. However, considering the impulsiveness seen this might change soon.
  
  Read more...
  
  # Cryptocurrency # LTCUSD #EOSUSD #Litecoin #Crypto
  
  
  
  
  
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  + Fxopen.eu
  FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
  FCA+ASIC+CySEC
  
  10$ No Deposit Bonus for TickTrader ECN Accounts//Join FXOpen

 

[radex78]

GOLD PRICE STRUGGLES, OIL PRICE CONSOLIDATES WELL ABOVE $50

Gold price made an attempt to surpass the $1,860 resistance, but there was a major rejection. Crude oil price seems to be consolidating gains above $51.50 and $51.20.

Important Takeaways for Gold and Oil

• Gold price is still trading below the main $1,860 and $1,880 resistance levels against the US Dollar.
• There is a major bearish trend line forming with resistance near $1,855 on the hourly chart of gold.
• Crude oil price seems to be facing a strong resistance near the $53.50 and $54.00 levels.
• There is likely an expanding triangle forming with support near $52.00 on the hourly chart of XTI/USD.

Read more...

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FXOpen Customer Service
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+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

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

 

[radex78]

ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live!

FXOpen, a trusted global CFD and Forex broker is proud to announce the launch of the ForexCup Trading Championship 2021. The contest with the main prize of $50,000 runs from January 1 to December 31, 2021, and is available to all traders with active FXOpen accounts.

The ForexCup Trading Championship is a one-of-a-kind contest designed to engage investors, traders, and portfolio managers in fair and reliable global competition. For an entire year, participants will compete for the title of the best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021.

• The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules.
• Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs.
• Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions.

Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test!

“We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK.

Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here

Source

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

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FXOpen
+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

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

 

[radex78]

THE USD SHOWS SIGNS OF STRENGTH AHEAD OF THE NFP REPORT NEXT FRIDAY

The trading week started on a strong note for the USD. The greenback gained against the Euro and the CHF, despite the fact that the Euro area manufacturing PMI came out way above the 50 level.
It appears that the weakness in the EURUSD pair, the most important pair as it weighs almost 50% in the dollar index, comes more from a weak Euro rather than from a strong dollar. Nevertheless, if the EURUSD pair keeps the bearish trend, the other dollar markets will eventually follow.

Two Central Banks to Release Their Decisions This Week

Last week we saw the Federal Reserve of the United States (Fed) announcing its interest rate decision. It left the monetary policy unchanged, and at the press conference Jerome Powell, the Fed’s chair, failed to guide markets as to what comes next. The focus was on forward guidance and on any hint from the Fed of a possible tapering of the quantitative easing program currently running at $120 billion ($80 billion asset purchasing and $40 billion mortgage-backed securities).

Read more...

#FinancialMarket

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+ Fxopen.eu
FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13.
FCA+ASIC+CySEC

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