Jump to content

Resolve

Members
  • Content Count

    54
  • Joined

  • Last visited

  1. GBP/USD and GBP/JPY: British Pound Could Correct Lower GBP/USD gained strength above 1.3600, but it struggled to continue higher above 1.3700. GBP/JPY also corrected lower after forming a short-term top near 142.25. Important Takeaways for GBP/USD and GBP/JPY The British Pound tested the 1.3700 resistance zone before correcting lower. There was a break below an ascending channel with support near 1.3638 on the hourly chart of GBP/USD. GBP/JPY also corrected lower from 142.25 and declined below 141.50. There was a break below a major bullish trend line wit
  2. 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. FXOpen Company News
  3. Gold Price Prepares for Next Move, Oil Price Holds Strong Gold price started a fresh decline and settled below $1,880. Conversely, crude oil price gained bullish momentum and it traded to a new multi-month high close to $54.00. Important Takeaways for Gold and Oil Gold price started a fresh decline below the $1,900 and $1,880 support levels against the US Dollar. There is a key contracting triangle forming with resistance near $1,855 on the hourly chart of gold. Crude oil price surged above the $50.00 resistance and it even climbed towards $54.00. There w
  4. 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. Read Full on FXOpen Company News...
  5. TOP PAMM Accounts of 2020: Overview We wish all traders, managers, and investors a happy 2021! We wish you confident trading, high-yield investments, and success in all your endeavors! The end of December and the beginning of January is a difficult period on the market. During this time, the market is called thin because only professionals can trade confidently. And of course, any investor is always on the lookout for managers that will be stable and profitable under any conditions, to have the most balanced portfolio after the holidays with minimal risk of losses. How was the
  6. 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;
  7. EUR/USD Could Start Fresh Increase, USD/CHF Shows Bearish Signs EUR/USD remained well bid above 1.2120 and it is currently rising. USD/CHF is declining and it might continue to move down towards the 0.8820 support zone. Important Takeaways for EUR/USD and USD/CHF The Euro declined heavily from 1.2350, but it found support near 1.2130 against the US Dollar. There was a break above a major bearish trend line with resistance near 1.2200 on the hourly chart of EUR/USD. USD/CHF formed a short-term top near 0.8920 and recently corrected lower. There was a break
  8. BTC and XRP – Has the correction ended? BTC/USD From yesterday’s low at $30,340 the price of Bitcoin has increased by 20.71% as it came to $36,743 at its highest point today. Since then it has made a minor retracement and is currently sitting at around $35,340 and is in a downward trajectory. Looking at the hourly chart, you can see that the price increase that ended on Friday was the ending wave from the higher degree count. This is why now we are seeing the development of the five-wave descending move. As it might have ended the price would now be expected to recover but
  9. Results of the "Money Managers" Forex Contest Announced "Money Managers", a Forex contest with real PAMM accounts, ended on December 31st, 2020. Read Full on FXOpen Company News...
  10. The USD Reverses Course as the NFP Misses Expectations Last week brought some troubling events in the United States, as protesters took the Capital by assault. Lives were lost, and the nation faces an identity crisis. Shortly after the order was restored, President Trump recognized President-elect Biden’s victory and ensured people that there would be a peaceful transition of power on the 20th of the month when the new administration takes charge. But it was too little too late. In the meantime, Twitter suspended the President’s account, and America is on a race to identify e
  11. GBP/USD Could Decline Further, USD/CAD Is Eyeing Upside Break GBP/USD started a fresh decline after it failed to clear the 1.3700 resistance. USD/CAD is rising and it is currently eyeing an upside break above 1.2750. Important Takeaways for GBP/USD and USD/CAD The British Pound started a major downside correction from well above 1.3650. There is a major bearish trend line forming with resistance near 1.3610 on the hourly chart of GBP/USD. USD/CAD started a fresh increase after forming a support base near the 1.2660 level. There was a break above a key bea
  12. Gold Price Trims Gains While Oil Price Turns Bullish Above $50 Gold price started a downside correction after surging towards $1,960. Conversely, crude oil price is following a strong bullish path and it settled above $50.00. Important Takeaways for Gold and Oil Gold price started a fresh increase towards $1,950-$1,960 and recently corrected lower against the US Dollar. There was a break below a major bullish trend line with support near $1,920 on the hourly chart of gold. Crude oil price surged above the $48.00 resistance and it even broke the $50.00 barrier.
  13. LTC and EOS – Establishing support before new highs LTC/USD The price of Litecoin has been increasing since last week and came up from $124.2 at its lowest point on Saturday to $170 at its highest on Monday. This week has started with a pullback to $147.2 but the price is back on the same levels as on Monday. Looking at the hourly chart, you can see that the price made an interaction with the horizontal resistance found at the $170 level and fell back to its ascending trendline. As it found support there again it is currently making another breakout attempt. If the pr
  14. GBP/USD and EUR/GBP: British Pound Could Correct Lower GBP/USD extended its rise towards 1.3700 before starting a downside correction. EUR/GBP is showing positive signs and it could surge if it breaks the 0.9050 resistance. Important Takeaways for GBP/USD and EUR/GBP The British Pound traded towards the 1.3700 zone, where it faced a strong selling interest. There is a key bullish trend line forming with support near 1.3580 on the hourly chart of GBP/USD. EUR/GBP started a fresh increase and it broke the 0.9000 resistance zone. There is a major bearish tre
  15. BTC and XRP – Consolidation developing but for how long? BTC/USD The price of Bitcoin has been in a decline since Sunday when it reached $34,716 at its highest point. We have seen a downfall to $30,367 but the price spiked further to $27,774 at its lowest wick before snapping back above the 0 Fib level. Currently, it is being consolidated above it and is moving sideways, sitting at $31,901 and is in an upward trajectory. Looking at the hourly chart, we can see that the price completed another five-wave impulse to the upside that started on the 21st of December. This rise w
×
×
  • Create New...