Daily Technical Analysis FXOpen

[radex78]

Join "Forex School" - a free educational contest on demo accounts

August 31, 2020, Forex broker FXOpen launches “Forex School” — a free educational contest on demo accounts. To celebrate the 15th anniversary of the company, WE HAVE DOUBLED THE PRIZE MONEY UP TO 8000$. The contest is open to anyone who wishes to take part.

"Forex School" is a unique possibility not only to improve your knowledge and skills in Forex trading, but also to get real money prizes. The contest will last for 4 weeks.
Join the contest and win real money! Prize fund increased to 8000$.

Hurry up to register before September 20!

More information on FXOpen blog: https://bit.ly/2QBX79t

Conditions and registration: https://bit.ly/2YPlJjD

#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

 

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STRONGER EURO A PROBLEM AHEAD OF THE ECB INTEREST RATE DECISION NEXT THURSDAY

The main event of the week ahead is the ECB interest rate decision on Thursday. The ECB is in a tough spot as core inflation dropped to 0.4%, and the stronger Euro makes it difficult for the central bank to fulfill its mandate.

One of the major themes on the currency market this summer was an extraordinarily strong Euro. The Euro appreciated not only against the USD, but also against other G10 currencies – GBP, JPY, for instance.

While the USD declined significantly, the EUR rose, and the main EUR exchange rate, the EURUSD, even traded above 1.20.

Higher Unemployment and Low Inflation in the Euro Area

The Unemployment Rate ticked higher in the Euro area due to the coronavirus crisis. If it were not for the government-supported programs, the number would have looked even worse.

The problem for the ECB is that low inflation and high unemployment is a recipe for disaster, considering that the interest rates are already at the lower boundary. How to fight low inflation when the deposit facility rate is already below zero for several years now?

Expect increased volatility ahead and during the ECB interest rate decision and press conference this coming Thursday.

Read more on FXOpen blog: https://bit.ly/2Fc0664

#financialmarketnews#forex #traiding #news #finance

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

 

[radex78]

Results of CryptoMania-2-2020 Contest

The Forex contest for crypto fans "CryptoMania" ended on August 28. For four weeks, more than 900 participants were deeply involved in the competition for the prize money of 3,000 USD.
So, we are happy to announce the contest winners:

• 1. Ildar Zartdinov (Russia): account number – 3046286; balance – $16344.5; prize – $525 withdrawable + $525 as a bonus;
  
• 2. RGAb8DKb1F(Pakistan): account number – 3046505; balance – $15921.92; prize – $375 + 375 as a bonus;
  
• 3. SaintProfit (Russia): account number – 3046555; balance – $14408.83; prize – $150 + $150 as a bonus;

More information and the full list of winners: https://bit.ly/3lZxpdm

#contest

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

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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]

EUR/USD AND EUR/JPY: FACING HURDLES, RISK OF MORE LOSSES

EUR/USD is currently trading in a bearish zone below the 1.1850 pivot level.

EUR/JPY is currently correcting higher, but it is likely to face hurdles near 125.00.

Important Takeaways for EUR/USD and EUR/JPY

• The Euro started a steady decline below the 1.1910 and 1.1850 support levels.
  
• There is a key bearish trend line forming with resistance near 1.1805 on the hourly chart of EUR/USD.
  
• EUR/JPY traded below the main 125.30 support and tested the 124.50 zone.
  
• There is a major bearish trend line forming with resistance near 125.15 on the hourly chart.

Read more on FXOpen blog: https://bit.ly/2Zlo71G

#forexanalysis#EURUSD #EURJPY

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

 

[radex78]

LTC AND EOS – UPWARD MOMENTUM SLOWING DOWN

• LTC/USD
  Since the start of the month, the price of Litecoin has decreased by 29.33% as it fell from $64.4 high made on September 1st to $45 area on the 4th and revisited the low level two more times after. Currently, it is being traded at around $48.5 and is in an upward trajectory but a minor retracement has been made with the price showing signs of the momentum slowing down.
  
• EOS/USD
  The price of EOS has decreased by over 30% since the start of the month when it was trading at $3.554 at its highest point, measured to the lowest point made last Friday at $2.47. Since last week’s low, a significant upside spike was seen pushing the price above $3.2 level but is now being traded at around $2.75 as another descending move has been made.

Read more on FXOpen blog: https://bit.ly/35j2ov8

#cryptocurrency#LTCUSD #EOSUSD #forex #litecoin #blockchain #traiding

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

 

[radex78]

GOLD PRICE AND OIL PRICE FACING KEY HURDLES

Gold price is facing a strong resistance near the $1,950 and $1,960 levels. Crude oil price is currently declining and it may perhaps continue lower below $37.00.

Important Takeaways for Gold and Oil

• Gold price started a decent recovery from $1,910, but struggled near $1,960 against the US Dollar.
  
• There is a key rising channel forming with support near $1,938 on the hourly chart of gold.
  
• Crude oil price is currently sliding and it is trading below the $40.00 support zone.
  
• There is a major bearish trend line forming with resistance near $37.70 on the hourly chart of XTI/USD.

Read more on FXOpen blog: https://bit.ly/35pDGcp

#forexanalysis#XTIUSD #gold #oil #forex #traiding

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FXOpen Customer Service
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Live Chat (24/5)

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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]

Join "Forex School" - a free educational contest on demo accounts

August 31, 2020, Forex broker FXOpen launches “Forex School” — a free educational contest on demo accounts. To celebrate the 15th anniversary of the company, WE HAVE DOUBLED THE PRIZE MONEY UP TO 8000$. The contest is open to anyone who wishes to take part.

"Forex School" is a unique possibility not only to improve your knowledge and skills in Forex trading, but also to get real money prizes. The contest will last for 4 weeks.
Join the contest and win real money! Prize fund increased to 8000$.

Hurry up to register before September 20!

More information on FXOpen blog: https://bit.ly/2QBX79t

Conditions and registration: https://bit.ly/2YPlJjD

#CONTEST

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

 

[radex78]

CONFUSING ECB MESSAGE AHEAD OF THE FOMC STATEMENT NEXT WEDNESDAY

It seems like the financial world lives from one event to another, and the market barely reacts in between. Let us not forget that this is a U.S. election year, and most traders and investors are cautious ahead of the event.

For this reason, financial markets, and especially the currency market, consolidate more than usual. For instance, a quick look at the EURUSD, and one can see consolidation around the 1.20 area. More precisely, while rejected at the first 1.20 attempt, the EURUSD still keeps an eye on the level as buyers resurface at each and every market dip.

ECB Sent the Wrong Message

Last Thursday, the ECB meeting was supposed to highlight record-low inflation in the Euro area and the willingness to do more in terms of monetary policy easing. At least, this was the consensus ahead of the ECB press conference.

However, the reality stunned Euro traders. The ECB sent a hawkish message, despite the fact that inflation may fall even further. The central bank said that inflation is in line with the staff projections, and it even raised the projections for the years ahead.

Read more on FXOpen blog: https://bit.ly/2ZzpyK1

#FinancialMarketNews#Ecb #finance #forex #money #traiding #EURUSD

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

 

[radex78]

Results of the "Money Managers" Forex Contest Announced

"Money Managers", a Forex contest with real PAMM accounts, ended [/b]on August 31st, 2020.[/b]

This time there are only two contest winners:

1st place: krutoy-bobr gets $5000-prize from FXOpen for investments.

2nd place: obidoww gets $3000-prize from FXOpen for investments.

Read more...

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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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EUR/USD TESTING KEY SUPPORT, USD/CHF STRUGGLE CONTINUES

EUR/USD faced a strong selling interest near the 1.1900 zone and recently corrected lower. USD/CHF is attempting an upside break, but it is struggling to gain momentum.

Important Takeaways for EUR/USD and USD/CHF

• The Euro failed once again to clear the key 1.1900 resistance zone against the US Dollar.
  
• There was a break below a key bullish trend line with support near 1.1885 on the hourly chart of EUR/USD.
  
• USD/CHF is struggling to gain bullish momentum above the 0.9100 zone.
  
• There was a break above a connecting bearish trend line with resistance near 0.9080 on the hourly chart.

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

#forexanalysis#USDCHF #EURUSD #forex #traiding

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FXOpen Customer Service
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Live Chat (24/5)

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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