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  1. BTC and XRP – Bearish scenario expected BTC/USD From yesterday’s open the price of Bitcoin has increased by 12.44% coming from its lowest point of $31,030 to $34,891 at its highest but has since then made a downfall. The price fell back to the same levels as on yesterday’s low and is now starting to make another recovery attempt. Currently it is sitting at around $32,221. Looking at the hourly chart, you can see that the price made a recovery from the 22nd of January when it fell to $28,785 at its lowest wick. The decrease to those levels was the completion of the 3rd w
  2. 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
  3. Decisive Week for the Dollar as the Fed’s Meeting Looms Large Financial markets started the new year on the same note as the previous year ended – higher stocks, lower dollar. The extent of the advance in the stock market, or the decline in the dollar, led many market participants to wonder if the Fed’s monetary policy did not lead to financial bubbles? After all, a survey shows that over 25% of the market participants still believe that Bitcoin will double from the current levels. Or, 18% believe that the price of Tesla will double over the next twelve months. That is, in the
  4. GBP/USD and EUR/GBP: British Pound Remains Strong GBP/USD extended its rise above the 1.3680 and 1.3700 resistance levels. EUR/GBP is correcting lower and it is approaching a major support near 0.8875. Important Takeaways for GBP/USD and EUR/GBP The British Pound remained well bid above 1.3600 and it climbed above 1.3680. There is a key contracting triangle forming with resistance near 1.3715 on the hourly chart of GBP/USD. EUR/GBP started a fresh decline after it failed to clear the main 0.8920 resistance zone. Earlier, there was a break above a short
  5. 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
  6. 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 0.72
  7. Litecoin and EOS – Bears are in control LTC/USD The price of Litecoin has been in a decline since Tuesday when it was sitting at $166.11 and made a downfall to $130 level today, which was a decrease of 21.74%. Now the price is being traded slightly higher but is still in a downward trajectory. Looking at the hourly chart, you can see that the price made a breakout below the ascending channel that formed since the 11th of January when the price fell to the $112.33 area. From there a recovery was made all the way up above the $160 level but now another impulsive descending m
  8. 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. FXOpen Company News
  9. EUR/USD Recovering Losses, USD/JPY Remains At Risk EUR/USD started a downside correction from well above 1.2300 and recently found support near 1.2055. USD/JPY is showing bearish signs and it could decline heavily below 103.50. Important Takeaways for EUR/USD and USD/JPY The Euro remained well bid above 1.2050 and started a fresh increase. There was a break above a major bearish trend line with resistance near 1.2120 on the hourly chart of EUR/USD. USD/JPY is declining and showing bearish signs below the 104.00 resistance. There is a key bearish trend lin
  10. 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. Looking at the 4 hour chart, you can see that the price made it slightly below the 0.382 Fib level on Sunday’s low but managed to pull back up above it. This could indicate that support has been found
  11. 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
  12. 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
  13. 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
  14. 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
  15. 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...
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