Daily Technical Analysis 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]

US GDP CONTRACTS IN Q2 2020 – WHAT WILL THE USD DO IN AUGUST?

• Two important events shaped the previous trading week – the FOMC Meeting last Wednesday and the US GDP. The Gross Domestic Product (GDP) contracted by 9.5% QoQ, but the decline was not so bad when compared with other developed economies. For example, the Eurozone GDP fell by over 12%, with Spain being hit the hardest – a drop beyond 18%.
• The US dollar traded with an offered tone for the entire month of July. The EURUSD, in particular, was extraordinarily strong, reaching levels above 1.19 on the last trading day of the month. However, profit-taking towards the end of the trading month made it retrace a hundred pips into the close.
• Moving ahead, August may prove decisive for the USD. With the US elections coming closer by the day and the NFP on Friday, the USD may have a strong comeback.
• All in all, the USD has an important week ahead. Besides the NFP on Friday, it is the week the ISM, ADP, and a new round of initial jobless claims will be released, helping investors form a better picture of the US economy.

Read more on FXOpen blog: https://bit.ly/33mlM9F

#FinancialMarketNews
#Stayhomeandtrade #USD #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.
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FXOpen Promotion: Enjoy No Deposit Bonus for TickTrader Accounts

Dear traders,

FXOpen is happy to introduce 10$ No Deposit Bonus for TickTrader ECN Accounts. The offer is open to all new clients who have registered with FXOpen and got Grade 1 verification.

How to get the bonus?

• Register an FXOpen eWallet
• Get Grade 1 verification
• Open a TickTrader ECN account

According to the terms of the FXOpen offer, the bonus is credited to the first TickTrader trading account only. The offer is valid for 3 months from the eWallet registration date. You can learn more in our knowledge base.

How to withdraw the bonus?

• The bonus cannot be withdrawn from the account or transferred to another trading account. Only the profit from trading can be withdrawn at any time after making 1 lot of trading turnover.
• Regular 10$ No Deposit Bonus for STP accounts is available for the clients of the same category with Grade 2 verification.
• The bonus program is a great chance to join the Forex community. Start Forex trading without an initial deposit and earn additional funds with FXOpen!

About TickTrader FXOpen

TickTrader is a brand-new, cutting edge trading platform that combines the most popular financial asset classes into one individual trading account: FX Spot, Metals CFD, Commodities CFD, Crypto, US Stocks CFD, Index CFD.

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• Extensive trading tools for advanced data analysis.
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• Strategy back tester.
• Level 2 pricing and more.

Take part in the campaign: https://bit.ly/3i8N9Z0

#news

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

 

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Trade Crypto and Stocks CFDs from one ECN account!

Dear Clients,

FXOpen is happy to announce that we have made our trading environment even more efficient and convenient for you!

Clients with ECN accounts who trade on MetaTrader 4 and MetaTrader 5 platforms can now trade crypto and stocks CFDs from one ECN account.

Available leverage for Stocks CFDs is 1: 5, for crypto CFDs is 1: 3.

We now offer popular stocks among traders such as Apple Inc., Walt Disney Co., Bank of America Corp., Coca-Cola Co. and others, as well as the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple. There are more than 100 new instruments available for trading on the MT4 and MT5 platforms.

We would also like to inform you that clients who trade on the TickTrader platform now have access to even more trading instruments - over 600 CFDs on the most popular stocks and cryptocurrencies.

More information: https://bit.ly/3gxPk7R

#news

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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]

LTC AND EOS – UNDERGOING CORRECTION

LTC/USD

• On Monday the price of Litecoin has been traded at $55.617 as it managed to make up for some losses made on Sunday’s spiked to the $51.7 area and continued increasing until it reached $59.86 on the same day.
• However, more likely we are yet to see the development of the 3rd wave out of the corrective upside move as the one prior to this was a minor degree count in which case a higher high to the 0.786 Fibonacci level would be expected. But as this is considered the wave 4 of a higher degree count when it ends another impulsive move to the downside would be expected similar to one we have seen on Sunday.

EOS/USD

• The price of EOS has impulsively fallen on Sunday following the market’s movements and has made a slight recovery since but hasn’t managed to make up much of the loss like the other cryptos did and especially the major ones. It was being traded at $2.92 on Mondays and from there made an increase of 6.54% coming to $3.11 at its highest point.
• Unlike in the case of Litecoin where this expected impulse to the downside is labeled as the 4th wave of a higher degree on the price chart of EOS I have presented a different outlook in which could have seen a potential ending of the bullish impulse and an even higher degree move to the downside starting in which case the expected impulse would be its 3rd wave out of the five-wave move. That means that we can potentially see the development of the downtrend from here but this is to be validated from the momentum behind the expected price decrease.

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

#Cryptocurrencies#Stayhomeandtrade #forex #LTCUSD #EOSUSD
[

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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]

Trade Crypto and Stocks CFDs from one ECN account!

Dear Clients,

FXOpen is happy to announce that we have made our trading environment even more efficient and convenient for you! Clients with ECN accounts who trade on MetaTrader 4 and MetaTrader 5 platforms can now trade crypto and stocks CFDs from one ECN account. Available leverage for Stocks CFDs is 1: 5, for crypto CFDs is 1: 3.

Open MT4 ECN///Open MT5 ECN​

We now offer popular stocks among traders such as Apple Inc., Walt Disney Co., Bank of America Corp., Coca-Cola Co. and others, as well as the most popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple. There are more than 100 new instruments available for trading on the MT4 and MT5 platforms. Learn more….

We would also like to inform you that clients who trade on the TickTrader platform now have access to even more trading instruments - over 600 CFDs on the most popular stocks and cryptocurrencies.

Open TickTrader ECN​

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.
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]

WHAT TO MAKE FROM USD ECONOMIC DATA ON YEST SUNDAY

Last week it was all about USD. As usual, the first trading week of each month focuses on the Non-Farm Payrolls (NFP) which is released on Friday. This week is no different.
Arriving at the NFP figures, another set of relevant data for the US economy offers a glimpse into the NFP report. As always, the price action didn't disappoint, with the most important cut coming after the NFP.

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

# financialmarketnews # forex #traiding #Stayhomeandtrade #forexanalysis

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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]

BTC AND XRP - BULLISH ACTION LIKE TO CONTINUE

• BTC/USD
  
  The price of Bitcoin has continued to increase in the previous period and comes from last week's low of $ 10954 made on Monday to $ 12063 at the high point made yesterday which was an increase of 10.12% in 10.12 Seven days. As prices hit around their previous highs and are starting to interact with significant seller territory, another retracement is seen with prices currently trading at $ 11746.
  Bitcoin price can drop to a peak above significant horizontal resistance and can be set to an upward trajectory into another parabolic movement as if it manages to break no significant resistance until 15700 area.
  
• XRP/USD
  
  Last week Ripple's price fell by 11.39% from its Monday level of 0.3189 to a low of $ 0.2826 made on Sunday. Since then the recovery has been made above the $ 0.3 mark but with the current price trading slightly below it around $ 0.2982.
  As it seems that the support has been validated indicating buying of the green candle at the moment it is likely that we will see a continuation of the breakout with the price Ripple starting to form another five wave movement to reverse.

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

# cryptocurrencies # BTC #XRP #Ripple #Bitcoin #traiding #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

 

[radex78]

EUR/USD TESTING KEY SUPPORT, USD/CHF GAINING MOMENTUM

EUR/USD is declining and it is now trading below the 1.1780 support zone. USD/CHF is rising and it seems like the pair could gain momentum above the 0.9200 resistance.

Important Takeaways for EUR/USD and USD/CHF

• The Euro started a fresh decline below the 1.1840 and 1.1800 support levels against the US Dollar.
• There is a key bearish trend line forming with resistance near 1.1760 on the hourly chart of EUR/USD.
  {:]USD/CHF gained bullish momentum above the 0.9150 and 0.9160 resistance levels.
• There was a break above a major bearish trend line with resistance near 0.9165 on the hourly chart.

Read more on FXOpen Blog: https://bit.ly/2PIu2bJ

#forexanalysis#EURUSD #USDCHF #forex #stayhomeandtrade #traiding

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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