Daily Technical Analysis FXOpen

[radex78]

BTC AND XRP – BULLISH BREAKOUT SEEN

• BTC/USD
  
  The price of Bitcoin has risen by 2.37% from yesterday’s low at $9163 coming to $9380 at its highest point today. The price is now being traded around those levels and is still in an upward trajectory.
  
  Further upside movement would be expected from here as the impulsive move is to develop fully price is headed for a sustainable uptrend in the upcoming weeks.
  
  
• XRP/USD
  
  The price of Ripple has made an increase from yesterday’s low at $0.19433 of around 3.12% as it came up to $0.2 mark today. At the moment the price is being traded slightly lower and is showing signs of weakness but overall is still in an upward trajectory.
  
  Now as the correction appears to be over and we have seen the first 12345 impulse wave with a lower degree three-wave retracement the move to the upside seen from yesterday is most likely the start of the next impulse of a lower degree which would be the 3rd wave of a higher degree count.

Read more on FXOpen Blog: https://bit.ly/3fQnmDX

#Cryptocurrencies#BTCUSD #XRPUSD #Bitcoin #Forex #forexanalysis

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FXOpen - one of the most successful and fastest-growing Forex brokers.
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[radex78]

EUR/USD RALLIES PAST 1.1500, USD/CHF NOSEDIVED BELOW 0.9400

Important Takeaways for EUR/USD and USD/CHF

• The Euro extended its rise above the 1.1450 and 1.1500 levels against the US Dollar.
• There is a significant bullish trend line forming with support near 1.1450 on the hourly chart of EUR/USD.
• USD/CHF declined recently after it broke the key 0.9380 support zone.
• There are two connecting bearish trend lines forming with resistance near 0.9375 and 0.9385 on the hourly chart.

Read more on FXOpen Blog: https://bit.ly/2CARcOr

#ForexAnalysis
#forex #traiding #USCCHF #EURUSD #Stayhomeandtrade

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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]

LTC AND EOS – MORE UPSIDE EXPECTED

• LTC/USD
  
  The price of Litecoin has increased by 10.56% from its lowest point on
  
  Monday at $41.46 measured to its highest point made today which was at $45.847 but the price only spiked to those levels and has pulled back immediately to $44.7.
  
  Since then another upside move has been made with the price currently being traded at $45.257 and is in an upward trajectory.
  
  As the price is currently in an upward trajectory we could be seeing the start of the 5th wave, but more likely this is still the part of the corrective 4th wave move that is going to last for a bit more in order for consolidation to occur before another impulsive move.
  
• EOS/USD
  
  The price of EOS has made its significant low on Sunday at around $2.48 level and from there started increasing impulsively to the upside with strong bullish momentum and reached $2.68 at its highest point which was an increase of 8.27%.
  
  Looking at the hourly chart below, we can see that the price is currently retesting the 0.786 Fibonacci level as it went slightly below it but is now looking for signs of support.
  
  Analysts believe that another minor move to the downside would be expected from here which is likely to test the $2.64 horizontal resistance level but after it ends a move to the 1 Fib level is likely to be seen which would bring the price back up to $2.7319

Read more on FXOpen Blog: https://bit.ly/2ZRxxCz

#Cryptocurrencies#LTCUSD #EOSUSD #LiteCoin #blockchain #Forex #forexanalysis #stayhomeandtrade

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FXOpen - one of the most successful and fastest-growing Forex brokers.
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[radex78]

GOLD PRICE AND CRUDE OIL PRICE COULD ACCELERATE FURTHER

Gold price gained traction and surged above the $1,880 resistance. Similarly, crude oil price is showing positive signs above $40.00 and it might continue to rise.

Important Takeaways for Gold and Oil

• Gold price extended its rise and traded to a new multi-year high above $1,885 against the US Dollar.
• There is a major bullish trend line forming with support near $1,830 on the daily chart of gold.
• Crude oil price remained in a positive zone and it surpassed the $40.00 resistance.
• There was a break above a key bearish trend line with resistance near $33.50 on the daily chart of XTI/USD.

Read more on FXopen Blog: https://bit.ly/3hxpCRa

#ForexAnalysis
#Gold #oil #stayhomeandtrade #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.
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[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]

GOLD BULLISH MOMENTUM POISED TO CONTINUE

Gold is on every investor’s mind these days – it closed the week above $1900, a tremendous milestone for the only form of money that survived for thousands of years. Investors owning gold as a long-term investment or only as a mean to diversify their portfolio feel vindicated.

Gold in the Times of the Coronavirus

• Gold and bonds fulfilled their role in protecting investments during the Great Financial Crisis of 2008 and 2009, and also during the current COVID-19 pandemic.
• The rise in the price of gold (and silver) reflects investors’ uncertainty about the future, with no prospects of a solution to the health crisis.
• From a technical perspective, gold is poised to make a new high. After consolidating for many years around the $1000 level, it broke higher in the summer of 2019.

Will the price of gold make a new high? It really does not matter anymore, as gold proved, once again, why it is the safest investment of them all.

Read more on FXOpen blog: https://bit.ly/3g6ccep

#FinancialMarketNews
#gold #investment #forex #stayhomeandtrade

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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]

FXOpen Adds a New Index and Changes Commission Calculation

FXOpen is delighted to announce we have expanded the list of Index CFDs by adding Hong Kong 50.
We would also like to inform you that commission for indices is now calculated in percent from the transaction volume.

New commissions will be applied to all positions opened after August 1.
Please consider the information when planning your trading activity.

Learn more: https://bit.ly/304hfXh

For any questions or problems you can contact our support:
FXOpen Customer Service
E-mail: [email protected]
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#news
#forex #forexnews #traiding #stayhomeandtrade #HK50CFD #HK50 #HKD

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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]

FXOpen warns about Forex fraudsters

Dear traders,

We want to let you know that recently we have received a number of questions regarding someone named Henry Wilson (ID telegram @ henrywilson11 and a telegram channel named '' FXOPEN INC ' ') who contacted people on social media (Telegram, Facebook).

Henry Wilson baselessly claims that he acts as a representative of FXOpen.

As such, we want to draw your attention that Henry Wilson does not work for FXOpen and does not have the authority to act on behalf of FXOpen.

He is not a member of FXOpen and is not associated with our services in any way.

If he contacts you and offers investment services on behalf of our company, please ignore this offer.

The original FXOpen account can be opened only on the official website fxopen.com.

If you are in doubt about the authenticity of an official representative please immediately notify FXOpen customer support at [email protected], via live chat or on our official social media accounts.

#news

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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]

LTC AND EOS – CORRECTION DEVELOPING BUT MORE UPSIDE TO COME

• LTC/USD
  The price of Litecoin has increased by 40.44% from last week when it was sitting at $41.355 at its lowest point measured to the highest spike it made on Tuesday when it reached $58 at its highest. Since then we have seen a retracement of around 7% with the price falling to $54 but is currently being traded slightly higher although in a downward trajectory.
• EOS/USD
  From last week’s low made on Monday at $2.557, the price of EOS has increased by 23.76% as it came up to $3.1646 at its highest point on yesterday but has since then made a decrease of 6%. At the moment this cryptocurrency is being traded above the $3 mark as a minor recovery is being made but is in a downward trajectory overall.

Read more on FXOpen blog: https://bit.ly/2P7kNlp

#Cryptocurrencies
#EOSUSD #LTCUSD #Litecoin #forex #traiding #stayhomeandtrade

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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

 

[radex78]

AUD/USD AND NZD/USD LIKELY TO CONTINUE HIGHER

AUD/USD is trading in a positive zone above the 0.7200 resistance zone. Similarly, NZD/USD is gaining traction and it could continue to climb higher above the 0.6700 resistance.

Important Takeaways for AUD/USD and NZD/USD

• The Aussie Dollar started a steady rise above the 0.7120 resistance zone against the US Dollar.
• There is a major ascending channel forming with support near 0.7165 on the hourly chart of AUD/USD.
• NZD/USD climbed higher above the 0.6600 and 0.6650 resistance levels.
• There was a break above a connecting bearish trend line with resistance near 0.6655 on the hourly chart of NZD/USD.

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

#forexanalysis
#NZDUSD #AUDUSD #Stayhomeandtrade #ForexTraiding #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.
Open account//Join FXOpen