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radex78

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GBPJPY technical analysis

The pattern formed from the current GBP JPY pair is a bearish pattern as a reversal pattern.

This week's movement after the previous week's movement was dominated by bullish, but not this week which is a consolidation phase

At the moment GBPJPY stands at 132,776 with a bullish bias at the H1 timeframe but in a low volume.


While the daily timeframe shows that the previous candlestick is bearish, so the alert is a bearish reversal pattern.

If this option becomes the ideal stop loss option by looking for a swing high from a candlestick, with the risk if the price turns out to be moving within a daily range where the reversal pattern is not a valid signal.

Another scenario is by scalping by utilizing movements at low timeframes such as M15

The current RSI indicator shows the number 45.92 which in this context means that the trend is still in a bearish tendency looking at the balance of the RSI at the level 50 which is currently below that level

Pivot point 132306

R1 140,527

R2 147,405

S1 125,428


Read more analysis EUR/USD,EUR/JPY.

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XLMUSD technical analysis

The price movement in the XLMUSD pair has now moved up in percentage plus 1.5% according to the tradingview chart.

The pattern formed is a consolidation pattern, where the narrow movement occurs after the previous week's wide movement.


At the moment XLMUSD is at the level of 0.041509, allowing prices to go back up with a scenario going to R1 at 0.059724, however if you look at the current conditions the transaction volume is still quite difficult to reach the target

The current price is below the pivot point 0.042931, in theory it still tends to be bearish, as well as the RSI value at 45.64 indicates bearish tends to remain dominant, if this happens it allows the price to support the previous lowest price level

Pivot point 0.042931

R1 0.059724

R2 0.078571

Read more analysis LTC and EOS.

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USDJPY technical analysis

USDJPY moved in a bullish bias at the beginning of the market opening, moving significantly towards the price of 108,620, with a strong push.

Two consecutive days a bullish candle dominates the movement, but towards the close of the weekend market the bullish movement is halted and there is a bearish consolidation.

It can be seen from the hourly timeframe, that the pair is slowly starting to form a bearish pattern, but this has not yet become an indication of success to bring the price back to its support zone.


The RSI indicator shows the level of 50.53, this means that the bullish or bearish movement is still in a question mark, but looking at the candlestick pattern, bullish still dominates this pair

Pivot point 106,805

R1 111,700

S1 101,893


Read more analysis GOLD and OIL.

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FXOPEN LAUNCHES NEW ACCOUNTS – CRYPTO 10


Dear Traders,

FXOpen is pleased to announce the launch of a brand new trading account – Crypto 10, where you can access high leverage, low cost cryptocurrency trading from as little as $10.

Open Crypto 10

Conditions:
  • Account currency: USD, EUR, GBP, RUB, JPY;
  • Minimum deposit: $10 (or equivalent in other currency);
  • Commission: 0.25% (half-turn);
  • Leverage: 1:10;
  • Margin call: 100%;
  • Stop Out: 50%.

Learn more about our new Crypto 10 accounts in FXOpen knowledge base.

Read more.

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UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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Easter 2020: Changes to Trading Hours

Dear Traders!

Please note the following changes to trading hours due to the Easter holidays.

Thursday, April 9th
  • Australia 200 (#AUS200) - trading ends at 17:00 GMT+3;
  • All other financial instruments will be traded without changes.
Friday, April 10th
  • Forex and Crypto pairs will be traded without changes.
  • All other financial instruments will not be traded. Trading will be closed all day.
Monday, April 13th
  • Forex pairs, commodities (metals, oil, gas) and Crypto pairs will be traded without changes.
  • Indices:
    • Australia 200 (#AUS200) - trading closed;
    • Europe 50 (#ESX50) - trading closed;
    • France 40 (#FCHI) - trading closed;
    • Germany 30 (#GDAXI) - trading closed;
    • Germany 30 Mini (#GDAXIm) - trading closed;
    • UK 100 (#UK100) - trading closed;
    • All other indices will be traded as usual, without changes.
    • Crypto currencies will be traded as usual without changes.

      Please take these changes into consideration when planning your trading activities during the upcoming week.

      Follow the updates on Facebook, Twitter dan Telegram.

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

      Read more.

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      UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.
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FXOpen reduces the SWAP long on a selection of crypto CFDs

Dear Traders!

FXOpen is pleased to announce that we have reduced the SWAP long by 50% on some crypto CFDs.



The following instruments now have a SWAP long of 5% per annum:

  • BTCCNH;
  • BTCEUR;
  • BTCRUB;
  • BTCUSD;
  • BTCGBP;
  • BTCJPY.

The SWAP short for these symbols remains the same at 10% per annum.

read more...

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

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Important Information About 2 Factor Authentication

Dear Trader,

We have all come across emergent personal, professional or financial challenges during the past few weeks. However, FXOpen’s primary goal remains serving our clients while ensuring the personal safety of our employees.


The current market volatility caused by the COVID-19 pandemic have created many opportunities for cyber-criminals. We would like to share specific actions you can take to reduce your chances of becoming a victim of scammers and cybercriminals.

If you are not already using multi-factor authentication to access your FXOpen account, we strongly recommend you do so. For additional information, please visit our knowledge base.

Beware of phishing messages that play on the public's concerns over COVID-19.

Examples:
  • Emails or texts supposed to be from the World Health Organization (WHO) or any other medical organization.
  • Online offers of vaccinations, test kits or medicine for COVID-19.
  • Mobile apps that supposedly track the spread of COVID-19.
  • Solicitations for donations to related (fake) charities, etc.

We also urge you to be on alert for potential fake emails, impersonating FXOpen representatives. Please note that we only use @fxopen.com and @fxopenasia.com and the associated language mail domains for communication with our clients. A full list of language domains can be found at fxopen.com.

If you have any doubts about the official representative of FXOpen that has contacted you, please immediately notify FXOpen customer support at [email protected].

In addition, if you are suspicious of an FXOpen email please use any messaging option available on our official website to communicate with us rather than clicking the links or responding directly to the email.

Follow the updates on Facebook, Twitter dan Telegram.

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

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radex78

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USDJPY trading analysis

The USDJPY pair is in a bearish bias during yesterday's trading session, which can be dominantly seen on the daily timeframe, that this pair has formed a bearish candlestick formation.

From the opening price this morning the pair moved up and down in small volumes and in percentages up 0.01%, and it is still possible this will change this weekend.


If we use the H1 timeframe, there can be seen that prices have fallen and are currently in a consolidation phase, so we need to be vigilant if this is a zone of prices bouncing back up.

Looking at the RSI indicator currently showing the level of 49.50 so this is an indication the current trend has not been well confirmed based on this indicator.

Some traders may stay away from the market on Friday because the movements that may occur are random and difficult to analyze technically or fundamentally.

Pivot point 106,805

R1 112,793

S1 101,893


Read more. LTC and EOS

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