Daily Technical Analysis FXOpen

[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...
  
  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]

Traders lost $2.6 billion in one day as Bitcoin crashed by $8,000

The rate of the first cryptocurrency promptly fell below $33,000, and altcoins fell even more dramatically. Against the background of market decline exchanges eliminated positions of more than 260 thousand users. It is reported that the losses of one of the users exceeded $10 million.
Traders lost more than $2.6 billion after Bitcoin prices plummeted. In the last 24 hours, it has plunged 19 percent to $33,500, and at its low, the rate was below $32,500, according to tradingview.com. Altcoins also went down in price: Ethereum and XRP lost 22% of their value, and market capitalization fell 19.5% to $900 billion.
Because of the crypto market collapse, traders who used leverage to open long positions on cryptocurrencies expecting their value to rise suffered significant losses. As the price of assets fell, exchanges liquidated long positions of 260,000 users within a day. According to bybt.com, one of them lost more than $10 million on a bad trade.
Today's liquidations marked a new high since November 25. At that time, Bitcoin was close to $20,000 but failed to reach its previous high and fell to $16,000. Such fluctuations caused traders to lose $2.3 billion in 24 hours. However, the record, set in March, is a long way off. At that time, BTC fell in price from $8k to $3.8k, which led to liquidations of $5.8bn.

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

 

[radex78]

Results of the "Money Managers" Forex Contest Announced

"Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020.

We have received the results of the contest and present the winners to you:

1st place: AM_Foresight gets $5000-prize.

2nd place: MHon gets $3000-prize.

3rd place: ycchai gets $2000-prize.

The prize will be added to an investment account according to a 50/50 offer: 50% of the profit goes to the Manager, the investor (the Company) receives the remaining 50%.

We congratulate the winners and wish them further success in trading!

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

 

[radex78]

Changes to FXOpen Trading Hours on US Martin Luther King Day

Dear Traders,

Please note that due to the celebration of Martin Luther King Day in the US on Monday, January 18th, 2021, trading hours for some financial instruments will be changed as follows:

Monday, January 18th, 2021

• Spot commodities CFD:
  • Gold (XAUUSD) – trading ends at 20:00;
  • Silver (XAGUSD) – trading ends at 20:00;
  • US Crude (XTIUSD) – trading ends at 19:45;
  • US Natural Gas (XNGUSD) – trading ends at 19:45.

• Indices CFD:
  • Japan 225 (#J225) – trading ends at 20:00;
  • US SPX 500 (#SPXm) – trading ends at 20:00;
  • US Tech 100 (#NDXm) – trading ends at 20:00;
  • Wall Street 30 (#WS30m) – trading ends at 20:00.

• Stock CFD – trading closed.

All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week.


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

 

[radex78]

FXOpen Launches Traders Tools Extension for Google Chrome

Dear traders,

FXOpen prides itself on providing you with the best Forex trading tools directly from your browser! Install the FXOpen Traders Tools extension for Google Chrome and use it to help shape your trading strategies.

Features

• Analytics – in-depth technical and fundamental analysis and forecast for currencies and commodities by experienced financial analysts;
• Quotes – real time prices and spreads;
• Calendar – important events and releases that affect the forex, stocks and commodities markets;
• Company news – latest FXOpen company news and promotions;
• Live news – FX live trading news.

Instal for chrome

The extension is also connected to the MyFXOpen area and Forex trading accounts page, allowing you to access the information you need with just a single click.

Read more...

 

[radex78]

Changes in cryptocurrency CFD trading schedule on January 17

Dear Traders,

Please, note that on Sunday, January 17, CFD cryptocurrencies will not be traded from 15:00 to 17:00 (+2 GMT) due to scheduled maintenance. We apologize for the inconvenience and kindly hope for your understanding.

Please consider this information when planning your trading.

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

 

[radex78]

Changes to FXOpen Trading Hours on US Martin Luther King Day

Dear Traders,

Please note that due to the celebration of Martin Luther King Day in the US on Monday, January 18th, 2021, trading hours for some financial instruments will be changed as follows:

Monday, January 18th, 2021

• Spot commodities CFD:
  • Gold (XAUUSD) – trading ends at 20:00;
  • Silver (XAGUSD) – trading ends at 20:00;
  • US Crude (XTIUSD) – trading ends at 19:45;
  • US Natural Gas (XNGUSD) – trading ends at 19:45.

• Indices CFD:
  • Japan 225 (#J225) – trading ends at 20:00;
  • US SPX 500 (#SPXm) – trading ends at 20:00;
  • US Tech 100 (#NDXm) – trading ends at 20:00;
  • Wall Street 30 (#WS30m) – trading ends at 20:00.

• Stock CFD – trading closed.

All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week.


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

 

[radex78]

IMPORTANT WEEK FOR GLOBAL POLICY RATES

The week ahead of us is critical for the currency market. On Wednesday, we have the inauguration day in the United States, as Joe Biden will officially become the new President. The Biden’s administration economic agenda is based on three pillars – fiscal stimulus, infrastructure spending, bringing back the Obamacare program – and the markets will closely monitor the developments in these three areas.

One day later, FX traders have the first major central bank meeting of the year, as the European Central Bank (ECB) announces its decision this coming Thursday. The central bank made it clear that the Euro is too high and that the higher EURUSD exchange rate weighs on inflation, but that did not stop the EURUSD rate from reaching 1.23.

In the meantime, the exchange rate eased from the highs, trading below 1.21 – is this the start of a new cycle for the EURUSD pair?

Fed vs. ECB
The pandemic caught the ECB already having the interest rate in negative territory. In the aftermath of the European sovereign crisis in 2012, the ECB lowered the deposit facility below zero, where it still is at present. As such, the central bank was forced to use other unconventional tools to ease the policy during the pandemic.

So did the Fed. But the Fed opted to avoid negative rates and to focus more on stimulating the business environment by printing huge amounts of new dollars. In 2020 alone, the Fed printed over 30% of all the dollars ever created. Yet, this did not translate into inflation, although it is too early to tell at this point if inflation will be a theme in the years ahead.

The Fed’s actions sent the dollar lower, and the ECB and other central banks had little or no power to stop the dollar’s decline. As such, the Euro and the other G10 currencies, all appreciated against the dollar.

Now that the crisis is adverted, as suggested by the available vaccines and the vaccination programs around the world, the market may choose to revert the dollar decline theme seen during the pandemic. If that is the case, this week, we should see the first signs of a trend change.

Global policy rates are close to zero and are expected to remain so for the foreseeable future. Only in 2023 and beyond the major central banks are forecasted to lift the rates. However, even then, the ECB’s deposit facility rate is predicted to remain below zero.

Therefore, judging by the interest rate differential that exists and will keep existing in the years ahead, the market may see a sharp reversal in the EURUSD exchange rate.

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

 

[radex78]

BTC AND XRP – PRICES CONTINUE TO RISE

• BTC/USD
  The price of Bitcoin has been moving sideways since last week as it came up to $40,000 area but then fell to $33,813 at its lowest point yesterday. This occurred after recovery and now we are seeing another minor one with the price reaching $37,486. Currently, it is being traded slightly lower but is still in an upward trajectory.
  
• XRP/USD
  The price of Ripple has been increasing and came up by 13.87% from its yesterday’s low at $0.2714 to $0.309 where it is now being traded.

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

 

[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.


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