TickTrader Trading Platform
TickTrader is a brand-new trading platform, which allows clients to trade five of the most popular asset classes — forex, stocks, commodities, indices, and cryptocurrencies via one trading account. A special trading account, TickTrader ECN, has been designed for trading using TickTrader platform.
As a trading platform, TickTrader pursues one goal: helping users to become profitable. It is easy to adopt and use, but besides being user-friendly, TickTrader boasts comprehensive functionality that ensures it meets the multitude of requirements from every type of trader, from beginner to institutional.
TickTrader Key Features
TickTrader Terminals. Use TickTrader Desktop Terminal, or install the special version of TickTrader Mobile Terminal on your iOS or Android device, or trade direct from any browser via TickTrader Web Terminal.
Highly customizable user-friendly interface. Personalize each single panel settings as well as the whole workstation entirely: a trader can easily create trading layout using a wide range of options and preferences.
Advanced technical analysis tools. Take full advantage of ready-made various traditional indicators or make your own and add them to your account.
One/double click trading mode. This tool is designed for traders who are looking to make profits of rapidly moving markets, or want to try high-frequency trading and/ or scalping and do not intend to lose a second on waiting. The orders are placed immediately.
Level 2 pricing. Venture the market depth with up to 200 levels and the ability to see your limit orders inside the order book.
Trading alert system. Customize your alerts and then choose how you receive the notifications.
Detailed charting system. Descriptive charts allow a trader to draw and see volumes, trades, and set up alerts.
Strategy back tester. Test and evaluate your trading strategies using past pricing and liquidity. You can then use the analytics to run your algo-trading strategies and EAs.
What TickTrader has to offer?
Now you can manage both margin and deliverable trading directly through the platform or via a FIX, REST, or WebSocket API. You can also fully adjust your workspace to suit your needs — a new intuitive user interface and more than 1200 advanced trading tools deliver a fully customizable trading experience. Level 2 data, heat maps, and backtesting are just some of the extensive trading tools offering sophisticated data analysis on the TickTrader platform, designed to help FXOpen clients create successful trading strategies.
You can also make use of all the opportunities offered by advanced order types — Market orders, Limit Orders, and Stop Orders. There are also several advanced settings for these order types the platform has to offer: volume units (lot or quantity), stop levels, and slippage settings.
FXOpen Company News
AUD/USD and NZD/USD Approaching Next Key Break
AUD/USD is trading well above 0.7700, but is facing hurdles near 0.7780 and 0.7800. NZD/USD is also showing positive signs, but there is a crucial resistance forming near 0.7225-0.7240.
Important Takeaways for AUD/USD and NZD/USD
The Aussie Dollar started a fresh increase above the 0.7720 resistance levels against the US Dollar.
There is a major contracting triangle forming with support near 0.7740 on the hourly chart of AUD/USD.
NZD/USD also climbed higher, but it is facing a strong resistance near 0.7225 and 0.7240.
A key bullish trend line is forming with support near 0.7185 on the hourly chart of NZD/USD.
AUD/USD Technical Analysis
After forming a support base near 0.7660, the Aussie Dollar started a fresh increase against the US Dollar. The AUD/USD pair broke the 0.7700 resistance level to move into a positive zone.
The pair even broke the 0.7720 resistance and settled above the 50 hourly simple moving average. A high is formed near 0.7782 on FXOpen and the pair is currently correcting lower.
There was a break below the 0.7760 support level. The pair even traded below the 50% Fib retracement level of the upward move from the 0.7720 swing low to 0.7782 high. It is now testing the 0.7745 support level and the 50 hourly simple moving average.
There is also a major contracting triangle forming with support near 0.7740 on the hourly chart of AUD/USD. The triangle support is close to the 61.8% Fib retracement level of the upward move from the 0.7720 swing low to 0.7782 high.
If there is a downside break below the triangle support, there is a risk of more losses. The next major support on the downside is near the 0.7720 level.
On the upside, the 0.7770 level is an immediate resistance. A clear break above the 0.7770 and 0.7780 levels may possibly open the doors for a larger increase towards 0.7800 and 0.7840 in the coming sessions.
NZD/USD Technical Analysis
The New Zealand Dollar also followed a similar path above the 0.7120 support against the US Dollar. The NZD/USD pair broke the 0.7200 resistance to move back into a positive zone.
However, the pair is facing a strong resistance near the 0.7225 and 0.7240 levels. A high is formed near 0.7225 and the pair is currently correcting lower. It traded below the 0.7200 level, but it is well above the 50 hourly simple moving average.
It is trading just below the 50% Fib retracement level of the upward move from the 0.7177 swing low to 0.7225 high. On the downside, there is a key bullish trend line forming with support near 0.7185 on the hourly chart of NZD/USD.
The trend line is close to the 76.4% Fib retracement level of the upward move from the 0.7177 swing low to 0.7225 high. If there is a downside break below the trend line support, there is a risk of more losses towards the 0.7150 and 0.7120 support levels.
Conversely, the pair could remain well bid above the 0.7180 support zone. On the upside, the 0.7225 and 0.7240 levels are crucial hurdles. A clear break and close above the 0.7240 level could set the pace for a strong increase towards the 0.7300 level.
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