Daily Technical Analysis FXOpen

[radex78]

BTC AND XRP – CORRECTIONS MIGHT HAVE ENDED BUT FURTHER CONFIRMATION STILL NEEDED

• BTC/USD
  
  The price of Bitcoins has been moving sideways in the last couple of days after it made a spike to the upside to $38,637 at its highest point. This increase of around 31.9% came after the price tested the descending triangles support level and was the impulsive move that made a breakout from the triangles on the upside.
  After a breakout was made the price fell back and retested the triangle’s resistance level for support, which was a pullback to $32,213. Support was present at those levels which is why we have seen further increase but the price didn’t manage to move back up for a higher high compared to the local one.
  
  
• XRP/USD
  
  The price of Ripple has spiked to the $0.755 level yesterday coming from $0.3895 at its lowest point on Sunday, which was an increase of 93.84%. But after the increase ended the price was set in a downfall of 54%, coming to $0.3465 at its lowest point today. Since then recovery has been seen with the price moving sharply to the upside and is currently being traded just slightly below the $0.4 level.
  The price fell below the 0.618 Fibonacci level but now managed to pull back above it. The previous upside move was the ending of the five-wave impulse that started before the new year which is why we have seen a retracement.

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#Cryptocurrency

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[radex78]

10 BEST FOREX TRADING APP IN 2021

• 1. MetaTrader 5 App
• 2. FXOpen TickTrader
• 3. Forex Tutorials – Forex Trading Simulator
• 4. Investing.com: Stocks, Finance, Markets & News
• 5. FXhours: Forex Trading, Charts, Finance & News
• 6. Stocks & Forex Trading Game
• 7. Trade Interceptor FOREX & CFD Trading App
• 8. NetDania Stock & Forex Trader App
• 9. Forex Game 4 Beginners App
• 10. Forex Calendar, Market & News App

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#ForexTools

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[radex78]

Trading hours schedule on February 12th and February 15th

Dear Traders,

Please note that due to the celebration of Lunar New Year's Day in Hong Kong on Friday, February 12th, 2021 and US President's Day on Monday, February 15th, trading hours for some financial instruments will be changed as follows:

Thursday, February 11th, 2021

• Indices CFD:
  • Hong Kong 50 (#HSI) – trading starts at 03:15 and ends at 06:00.

All other financial instruments will be traded as usual.

Friday, February 12th, 2021

• Indices CFD:
  • Hong Kong 50 (#HSI) – trading closed.
    `

All other financial instruments will be traded as usual.

Monday, February 15th, 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 starts at 23:00 on Sunday and ends at 18:00 on Monday;
  • US SPX 500 (#SPXm) – 23:00 Sun – 18:00 Mon;
  • US Tech 100 (#NDXm) – 23:00 Sun – 18:00 Mon;
  • Wall Street 30 (#WS30m) – 23:00 Sun – 18:00 Mon.

• Stock CFD – trading closed.

All other financial instruments will be traded as usual.

Please consider these changes when planning your trading activities next week

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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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[radex78]

#TradingTips
THINK AHEAD. USEFUL TIPS FOR THOSE CONSIDERING CRYPTO INVESTING (PART 4)

We continue to publish tips for aspiring crypto investors. Here's the final batch of advice on smart investing techniques.

• PART 1
• Part 2
• PART 3

Mind your leverage. Yes, trading with leverage increases the possible gains. However, as leverage increases, so do the risks. Preferably, the leverage size should correspond to your experience in trading. That's why it's recommended for beginners to trade without leverage at all, especially in conditions of high volatility, when you can very quickly lose your money.

Use hardware wallets to store assets. Essentially, a hardware wallet is a flash drive that cannot be accessed from the network. Unlike an exchange, a wallet is much harder to hijack, and you can be sure that your funds will not be blocked by financial regulators.

Generally speaking, it is better to keep your assets so that you are sure of being able to withdraw them quickly if there is a change in the regulation law or a sudden drop in value.

Learn to understand the market. Study how different assets behave when the external environment changes, what the price rises or falls depend on. This is the first step to making your predictions effective.

Don't take any chances. Don't start trading if you don't understand what you're doing and what's happening in the market. There is a very high probability that you will lose all of your deposited funds and become permanently discouraged.
#btcusd #bitcoin #crypto #cryptocurrencies

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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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[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]

GBP/USD AND GBP/JPY: BRITISH POUND EYES MORE UPSIDES

GBP/USD remained strong above 1.3700, but it is facing hurdles near 1.3750. GBP/JPY is gaining momentum and it is trading well above 144.00.

Important Takeaways for GBP/USD and GBP/JPY

• The British Pound settled above the 1.3700 resistance zone against the US Dollar.
• There is a rising channel forming with support near 1.3718 on the hourly chart of GBP/USD.
• GBP/JPY gained momentum after it broke 143.80 and 144.00.
• There was a break below a major declining channel with resistance near 143.30 on the hourly chart.

GBP/USD Technical Analysis

This past week, the British Pound corrected lower below 1.3700 and 1.3600 against the US Dollar. However, the GBP/USD pair remained well bid above the 1.3550 level.

Recently, there was a fresh increase above the 1.3600 and 1.3650 resistance levels. There was also a break above a major bearish trend line with resistance near 1.3635 on the hourly chart of GBP/USD.

GBP/JPY Technical Analysis

The British Pound started a strong increase from the 142.80 swing low against the Japanese Yen. The GBP/JPY pair traded above the 143.20 and 143.50 resistance levels to move into a positive zone.

There break below a major declining channel with resistance near 143.30 on the hourly chart. The pair settled nicely above the 144.00 level and the 50 hourly simple moving average. The pair even cleared the 144.50 resistance zone and it traded close to the 145.00.

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[radex78]

BTC AND XRP – BULLISH MOMENTUM CONFIRMED

• BTC/USD
  
  The price of Bitcoin has broken out from its prior resistance and impulsively came to $48,200 at its highest point today. From its lowest point on Sunda when it was sitting around $37,430, this is an increase of 28%. Currently, a minor retracement is being made with the price sitting at $46,604 but is still in an upward trajectoty.
  This breakout indicates that the prior correctional formation from the 10th of January has ended and now we have a clear confirmation with the bullish momentum indicating a strong uptrend continuation.
  
• XRP/USD
  
  From Sunday’s low at $0.39, the price of Ripple has increased by 29% today as it came up to $0.48985 at its highest point. Since then we have seen a pullback but only to the prior horizontal resistance level which is now being tested for support. The price made an ascending channel from the start of February after a shart correction was made.

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#Cryptocurrencies#BTCUSD #XRPUSD #Bitcoin #BTC #Ripple #XRP #Crypto #cryptocurrency

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FXOpen Customer Service
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Live Chat (24/5)

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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]

REMINDER

Trading hours schedule on February 12th and February 15th

Dear Traders,

Please note that due to the celebration of Lunar New Year's Day in Hong Kong on Friday, February 12th, 2021 and US President's Day on Monday, February 15th, trading hours for some financial instruments will be changed as follows:

Thursday, February 11th, 2021

• Indices CFD:
  • Hong Kong 50 (#HSI) – trading starts at 03:15 and ends at 06:00.

All other financial instruments will be traded as usual.

Friday, February 12th, 2021

• Indices CFD:
  • Hong Kong 50 (#HSI) – trading closed.
    `

All other financial instruments will be traded as usual.

Monday, February 15th, 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 starts at 23:00 on Sunday and ends at 18:00 on Monday;
  • US SPX 500 (#SPXm) – 23:00 Sun – 18:00 Mon;
  • US Tech 100 (#NDXm) – 23:00 Sun – 18:00 Mon;
  • Wall Street 30 (#WS30m) – 23:00 Sun – 18:00 Mon.

• 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.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]

LTC AND EOS – RESISTANCE SEEN BUT FOR HOW LONG?

• LTC/USD
  
  The price of Litecoin has been increasing in the past week, and from last Thursday when it was sitting at $141.27 at its lowest, we have seen an increase of 37.8$ measured to its highest point yesterday at $194.31. Since then the price made a pullback to $170.54 but is again back in an upward trajectory, currently sitting at $188.
  The price broke the prior high made on the 10th of January when the price of Litecoin was sitting at $185.58. This confirmed the impulsiveness behind the move and that the previous correction ended at $118.
  
  
• EOS/USD
  
  Like in the case of Litecoin, the price of EOS has made a significant rise since last Thursday. On the 4th of February, the price was being traded just below $3 and from there it made an impulsive move to just below $5. This rise of around 50% pullback was made to the $3.5 zone but the price made ar recovery and is now in an upward trajectory, currently sitting at $4.2965.
  The price made a parabolic rise which is why we have seen a corrective decrease of 17.6%.

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#Cryptocurrencies#LTCUSD #EOSUSD #Litecoin #Eos #crypto #cryptocurrency #blockchain

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Live Chat (24/5)

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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 STARTS FRESH DECLINE, OIL PRICE CORRECTING GAINS

Gold price failed to clear the $1,855 resistance and started a fresh decline. Crude oil price is correcting gains and it might test the $57.00 support zone.

Important Takeaways for Gold and Oil

• Gold price started a fresh increase, but it failed near $1,855 and $1,860 resistance levels against the US Dollar.
• There was a break below a major bullish trend line with support near $1,838 on the hourly chart of gold.
• Crude oil price traded to a new multi-month high near $58.75 before correcting lower.
• There was a break below a key bullish trend line with support near $58.20 on the hourly chart of XTI/USD.

Gold Price Technical Analysis

Gold price started a decent recovery wave from the $1,785 zone against the US Dollar. The price climbed above the $1,820 and $1,840 resistance levels.

However, the price struggled to clear the $1,855 and $1,860 resistance levels. A high was formed near $1,855 before the price started a fresh decline. There was a break below the $1,840 level and the 50 hourly simple moving average.

Oil Price Technical Analysis

Crude oil price remained in a strong uptrend and settled well above the $55.00 resistance zone against the US Dollar. The price even cleared the $57.50 resistance level and settled well above the 50 hourly simple moving average.

It traded to a new multi-month high near $58.75 before it started a downside correction. There was a break below the $58.40 and $58.20 support levels.

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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