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Forexcup Contest With Witdrawable Prize By Fxopen

Discussion in 'Forex Programs' started by radex78, Jun 24, 2015.

  1. FXOpen_Official

    FXOpen_Official ECZ Member

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    GBP/USD Technical Analysis

    This past week, there was a strong increase in the British Pound above the 1.2600 resistance against the US Dollar. The GBP/USD pair even broke the 1.2750 resistance zone, but it struggled to continue higher.

    The pair spiked above the 1.2800 level and formed a new monthly high at 1.2813 on FXOpen. Recently, it started a sharp downside correction and traded below the 1.2750 support.

    [​IMG]

    There was a clear break below the 1.2680 support level and the 50 hourly simple moving average. During the decline, there was a break below a connecting bullish trend line with support at 1.2715 on the hourly chart of GBP/USD.

    Continue reading...
     
  2. radex78

    radex78 ECZ Member

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    Spreads for major currency pairs decreased

    [​IMG]

    Dear Clients!

    As high market volatility continues, opportunities for profit are opening up. In addition, FXOpen continues to improve trading conditions for its clients.

    After adding new liquidity providers, the average spreads for all major currency pairs on ECN accounts decreased 3-4 times. For example, spreads on the EUR/USD pair were reduced from 0.5-0.6 to 0.1-0.2 pips and on the GBP/USD pair from 1.2 to 0.1-0.3 pips.

    We would also like to remind you that the commission on MT4 and MT5 ECN accounts has been reduced. Now the half-turn commission is $3.5 per lot for deposits of up to 1,000 USD and a trading volume of up to 5,000,000.

    New to FXOpen? It's time to open an account!

    Already trading with us? Fund your account and make money with FXOpen!

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Read more...

    Subscribe our FXOpen Youtube Channel

     
  3. FXOpen_Official

    FXOpen_Official ECZ Member

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    EUR/USD Technical Analysis

    This week, the Euro gained traction above the 1.1320 resistance zone against the US Dollar. The EUR/USD pair even broke the 1.1380 resistance and spiked above the 1.1400 level.

    However, it failed to stay in a positive zone and recently started a sharp decline below 1.1350. There was a break below the 1.1320 support level and the pair settled below the 50 hourly simple moving average.

    [​IMG]

    The recent low was formed near 1.1228 on FXOpen and the pair is currently correcting higher. It broke the 23.6% Fib retracement level of the recent decline from the 1.1353 high to 1.1228 low.

    Continue reading...
     
  4. radex78

    radex78 ECZ Member

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    [​IMG]

    EUR/USD AND USD/JPY REMAIN AT RISK OF MORE LOSSES

    EUR/USD failed to stay above 1.1320 and started a downward move towards 1.1200. USD/JPY is currently trading in a bearish zone below the 107.80 and 108.00 resistance levels.

    Important Takeaways for GBP/USD and EUR/GBP
    • The Euro started a major decline from the 1.1400 resistance zone.
    • There is a key bearish trend line forming with resistance near 1.1320 on the hourly chart of EUR/USD.
    • USD/JPY declined heavily and broke the 108.50 and 108.00 support levels.
    • There is a short term ascending channel forming with support near 107.20 on the hourly chart.
    Read more on FXOpen blog: https://bit.ly/2N9g6pS

    #EURUSD #USDJPY #Stayhomeandtrade #JPY #USD #EUR

    [​IMG]

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  5. radex78

    radex78 ECZ Member

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    Spreads for major currency pairs decreased

    [​IMG]

    Dear Clients,

    As high market volatility continues, opportunities for profit are opening up. In addition, FXOpen continues to improve trading conditions for its clients.

    After adding new liquidity providers, the average spreads for all major currency pairs on ECN accounts decreased 3-4 times. For example, spreads on the EUR/USD pair were reduced from 0.5-0.6 to 0.1-0.2 pips and on the GBP/USD pair from 1.2 to 0.1-0.3 pips.

    We would also like to remind you that the commission on MT4 and MT5 ECN accounts has been reduced. Now the half-turn commission is $3.5 per lot for deposits of up to 1,000 USD and a trading volume of up to 5,000,000.

    New to FXOpen? It's time to open an account!

    Already trading with us? Fund your account and make money with FXOpen!

    Follow the updates on Facebook, Twitter dan Telegram.

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


    Subscribe our FXOpen Youtube Channel

     
  6. FXOpen_Official

    FXOpen_Official ECZ Member

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    GBP/USD Technical Analysis

    In the past few days, the British Pound followed a bearish path from well above 1.2750 against the US Dollar. The GBP/USD pair broke many important supports such as 1.2650 and 1.2550 to enter a bearish zone.

    The pair even broke the 1.2420 support level and settled below the 50 hourly simple moving average. A new weekly low is formed near the 1.2335 level on FXOpen and the pair is currently correcting higher.

    [​IMG]

    An initial resistance on the upside is near the 1.2400 and 1.2420 levels. The 23.6% Fib retracement level of the downward move from the 1.2687 high to 1.2335 low is also near 1.2420 along with the 50 hourly simple moving average.

    Continue reading...
     
  7. radex78

    radex78 ECZ Member

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    [​IMG]

    News THE CASE FOR A BULLISH EURUSD SCENARIO

    The EURUSD consolidates for about two weeks now, after bouncing from the 1.08 area all the way to 1.14. Voices now call for a move back below 1.10, as the European Central Bank (ECB) signaled a massive demand for its TLTRO (Targeted Long-Term Refinancing Operations) – the banks in the Euro area took almost EUR1.4 trillion.
    Naturally, all that money goes somewhere, and by flooding the market with newly printed Euros, the ECB creates the conditions for a weaker currency.

    However, a close look at the EUR speculative positioning (percentage of open interest), reveals that the market is about ten percent long the Euro against the USD – a lower exposure compared with previous data. In other words, there is more room to go.

    Read more on FXOpen blog: https://bit.ly/3erZpSW

    #forextrading #forexmarket #Stayhomeandtrade #financialnews
    #FinancialMarket

    [​IMG]

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  8. FXOpen_Official

    FXOpen_Official ECZ Member

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    BTC AND XRP – BULLISH PRICE ACTION SEEN BUT IT LOOKS CORRECTIVE

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    BTC/USD

    From yesterday’s low at $9292.9 the price of Bitcoin has increased by 5.48% coming to $9802 at its highest spike today but since then made a minor retracement and is currently being traded at $9614.

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    On the hourly chart, you can see that the price came up to retest the intersection of the significant horizontal resistance zone and the interrupted ascending trendline like previously expected before the completion of this ascending corrective move, but by looking at the wave structure it appears that the increase is likely to continue for another push to the upside which would be its 5th wave.

    Continue reading...
     
  9. radex78

    radex78 ECZ Member

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    [​IMG]

    BTC AND XRP – BULLISH PRICE ACTION SEEN BUT IT LOOKS CORRECTIVE

    BTC/USD

    From yesterday’s low at $9292.9 the price of Bitcoin has increased by 5.48% coming to $9802 at its highest spike today but since then made a minor retracement and is currently being traded at $9614.

    From the first half of Jun, we have most likely seen a B wave developing out of the higher degree ABC to the downside which is why it could, in theory, come all the way and even above the vicinity of the A wave’s starting point at around $10400 before continuing to move below $8910.

    XRP/USD

    The price of Ripple has been moving sideways unlike the price of Bitcoin as it came down from $0.1989 by 7% to $0.185 and is now around the half range of that currently at $0.189.

    This is soon to be validated as interaction is being made, but if from the start of Jun, we have seen an ABC to the downside then from the 12th we have seen the second sub-wave of the higher degree which is currently labeled as the wave X. But if this X wave is the 4th wave out of the impulse one, we are to see a lower low most likely around the vicinity of the 1.618 Fibonacci level before the corrective increase starts.

    Read more on FXOpen blog : https://bit.ly/2NpDOym

    #Stayhomeandtrade #BTCUSD #XRPUSD #blockchain #crypto #BTC #XRP#Cryptocurrencies

    [​IMG]

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