Forexcup Contest With Witdrawable Prize By Fxopen

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

  1. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]

    GOLD PRICE STARTS FRESH DECLINE, OIL PRICE CORRECTING GAINS

    Gold price failed to clear the $1,855 resistance and started a fresh decline. Crude oil price is correcting gains and it might test the $57.00 support zone.

    Important Takeaways for Gold and Oil

    • Gold price started a fresh increase, but it failed near $1,855 and $1,860 resistance levels against the US Dollar.
    • There was a break below a major bullish trend line with support near $1,838 on the hourly chart of gold.
    • Crude oil price traded to a new multi-month high near $58.75 before correcting lower.
    • There was a break below a key bullish trend line with support near $58.20 on the hourly chart of XTI/USD.

    Gold Price Technical Analysis

    Gold price started a decent recovery wave from the $1,785 zone against the US Dollar. The price climbed above the $1,820 and $1,840 resistance levels.

    However, the price struggled to clear the $1,855 and $1,860 resistance levels. A high was formed near $1,855 before the price started a fresh decline. There was a break below the $1,840 level and the 50 hourly simple moving average.

    Oil Price Technical Analysis

    Crude oil price remained in a strong uptrend and settled well above the $55.00 resistance zone against the US Dollar. The price even cleared the $57.50 resistance level and settled well above the 50 hourly simple moving average.

    It traded to a new multi-month high near $58.75 before it started a downside correction. There was a break below the $58.40 and $58.20 support levels.

    Read more...

    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  2. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    Competition from 10 TO 100 (15.02)

    [​IMG]

    1. To participate in the contest FROM 10 TO 100, you need to open an STP account with FXOpen with a leverage of 1: 500 (agent code: 384016) and submit an application submit an application on the topic of the contest of the contest. The duration of the competition is 1 week. The competition is cyclical starting on Monday. Start 15.02.2021.

    Example requisition:

    Sanyok11 account: 708967 invest password: v1ct0ry

    After the application for participation is submitted, you need to replenish the account with $ 10. A participant who submitted an application after trading on the declared account with the required balance cannot become a prize winner of the competition.

    2. The winners of the competition are determined by the profit indicator (if the winners have identical profit indicators, their prize money is summed up and divided equally between these winners). In the case of repeated of repeated replenishment or withdrawal of funds from the competition account from the moment of the start of the competition until its completion, the participant of the competition cannot claim prizes. The minimum profit margin for the right to receive a prize is 10%.

    Prize fund formation rules:

    Up to 15 participants:

    Number of participants * $ 6 = Prize fund.

    Number of participants / 4 = Number of prizes

    Above 15 participants:

    Number of participants * 7 $ = Prize fund.

    Number of participants / 4 = Number of prizes

    Prize size: 1 prize 100%, 2 prize money 60% 40%, 3 prize money 50% 30% 20%, 4 prize money 40% 30% 20% 10%. Maximum 4 prizes. Rounding prizes to whole numbers.

    Attention: The participant of the competition who is the first to reach the profit indicator of $ 100 automatically becomes the winner of the competition, regardless of the results of the competition. The second, third, and subsequent places are determined by the profit indicator at the end of the competition. If two or more participants reach $ 100 profit on the same day, the highest indicator wins.

    All transactions at the end of the competition must be closed. A participant who has rescheduled transactions for the weekend is not entitled to a prize.

    3. Prizes are credited to the STP account of FXOpen (agent code: 384016) and can be withdrawn if the withdrawal conditions are met: for every $ 2 of the prize, you need to make 1 deal (+/- 40 points). The minimum number of transactions is 5. To credit the prize to the trading account, you must send a personal message with the account number (opened by the link specified in the rules of the competition) to the curator of the Sanyok11 competition. It is prohibited to withdraw profit from bonuses until they are fully worked out!

    The deadline for application is Thursday. An application for participation can be submitted An application for participation can be submitted on the topic of the current competition, even if the topic for the next competition is not open. After opening a topic, the requisition will be moved to a new topic.

    Multi-registration and fraud in the competition are prohibited. Participants' transactions cannot be identical or related.

    Link to open STP account

    Discussion of the competition

    Read more...

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  3. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]

    EQUITY INDICES REMAIN BID AS AMERICA AWAITS NEW FISCAL STIMULUS

    Last week brought little or no movements on the financial markets. The VIX index, which measures volatility, dropped to levels not seen so far during the pandemic.

    The lack of important economic data contributed to this environment. With a few exceptions, like the CPI or the inflation data in the United States, all other data was second- or third-tier. Effectively, it means that the focus was on the stock market’s price action. This week will likely be the same as it starts with a holiday (i.e., Presidents’ Day in the United States) and no important data until next Friday when the European PMIs are released.

    Read more...

    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  4. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    #MarketNews
    OIL IS AT THE MAXIMUM. EXPERTS TALK ABOUT A SUPER CYCLE


    [​IMG]

    Oil is at record levels. Markets opened with a slight gap up after the weekend, driven by optimism about the vaccine and production cuts by leading exporters. Brent is trading just above $60, Crude is trading just below. The last time the world saw such quotes was before the start of the pandemic.

    JPMorgan Chase and Goldman Sachs point to a new oil super cycle.

    According to their most optimistic scenarios, world oil prices will return to the level of $100 per barrel, which has not been reached since 2014.

    The expected growth is based on the belief that the government's fiscal incentives will boost the economy, while the investments in developing new fields will decline because of the global spread of alternative energy. These are the main conditions of the so-called super cycle, when demand would exceed supply.

    "We will be short of oil before we don't need it in the coming years," JPMorgan's head of oil and gas research for EMEA, Christian Malek, told clients. "We may see oil jump over $100 a barrel or even exceed that level."

    However, indicators (for example, Stoch) indicate overbought.
    Therefore, in search of a good time to open a long, we would suggest waiting for the end of the pullback to the lower line of the ascending channel on the daily chart.

    This forecast represents FXOpen Markets Limited opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Markets Limited products and services or as financial advice.
    #oil #oilers #xtiusd #xti #money #finance

    Read more...

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  5. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    JANUARY 2020 TOP 10 PAMM ACCOUNTS OVERVIEW

    [​IMG]

    January and New Year’s holidays are over, and the daily routine goes on. Now it is important to achieve stability when investing your savings. February is not a long month by the number of days, and the main challenge is to choose the right investment portfolio so that PAMM managers can show a positive result in such a short period. Read about how FXOpen top PAMM managers performed in January 2021 in our latest review.

    As of 01.02.2021, the investments amounted to 1,653,430 USD on 165 PAMM accounts.

    Top 10 PAMM account 2020

    • g9000
    • Sensei
    • ECNp20
    • nepgusd and nepg
    • IPFx2
    • Goodsense
    • Clip
    • FastWay
    • CryptoSits

    Read more...


    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. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]

    LTC AND EOS – CORRECTION SOON TO COME?

    • LTC/USD

      The price of Litecoin continued increasing since last week. From its lowest point last Thursday when it was sitting at $175.78 we have seen an increase of 36.57% measured to its highest point today at $240. Currently, it is being traded just below $230, but the price is in an upward trajectory overall.
      The price of Litecoin was in an upward trajectory from the 27th of January when it made the second test of the horizontal support level which was the lower level of the descending triangle in which it was correcting.

    • EOS/USD

      The price of EOS peaked on the 13th of February when it reached $5.6. From there it has been in a decline spiking all the way down to $4.2 at its lowest point. However, we have seen a recovery to $5 where it found resistance again and is now moving to the downside, currently being traded at $4.7.
      The peak made on the 13th could have been the completion of the five-wave impulse that started on the 22nd of January. In that case, the downside movement that is currently developing would be its higher degree correction and is now going to push the price of EOS below the 1.272 Fibonacci level for a lower low.

    Read more...

    #LTCUSD #EOSUSD #Litecoin #EOS #Crypto #cryptocurrency

    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  7. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    Trade Crypto and Stocks CFDs from one ECN account!

    [​IMG]

    Dear Clients,

    FXOpen is happy to announce that we have made our trading environment even more efficient and convenient for you! Clients with ECN accounts who trade on MetaTrader 4 and MetaTrader 5 platforms can now trade crypto and stocks CFDs from one ECN account. Available leverage for Stocks CFDs is 1: 5, for crypto CFDs is 1: 3.


    We now offer popular stocks among traders such as Apple Inc., Walt Disney Co., Bank of America Corp., Coca-Cola Co. and others, as well as the most popular cryptocurrencies, including [b[Bitcoin, Ethereum, Litecoin, Ripple[/b]. There are more than 100 new instruments available for trading on the MT4 and MT5 platforms. Learn more….

    We would also like to inform you that clients who trade on the TickTrader platform now have access to even more trading instruments - over 600 CFDs on the most popular stocks and cryptocurrencies.


    Read more...

    Follow the updates on Facebook, Twitter dan Telegram.

    FXOpen Customer Service
    E-mail: [email protected]
    Live Chat (24/5)
     
  8. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    FXOpen Promotion: Enjoy No Deposit Bonus for TickTrader Accounts

    [​IMG]

    Dear traders,

    FXOpen is happy to introduce $10 No Deposit Bonus for TickTrader ECN Accounts. The offer is open to all new clients who have registered with FXOpen and got Grade 1 verification.

    How to get the bonus?

    • Register an FXOpen eWallet
    • Get Grade 1 verification
    • Open a TickTrader ECN account

    According to the terms of the FXOpen offer, the bonus is credited to the first TickTrader trading account only. The offer is valid for 3 months from the eWallet registration date. You can learn more in our knowledge base.

    How to withdraw the bonus?

    The bonus cannot be withdrawn from the account or transferred to another trading account. Only the profit from trading can be withdrawn at any time after making 1 lot of trading turnover.


    Regular 10$ No Deposit Bonus for STP accounts is available for the clients of the same category with Grade 2 verification.

    The bonus program is a great chance to join the Forex community. Start Forex trading without an initial deposit and earn additional funds with FXOpen!

    About TickTrader
    FXOpen TickTrader is a brand-new, cutting edge trading platform that combines the most popular financial asset classes into one individual trading account: FX Spot, Metals CFD, Commodities CFD, Crypto, US Stocks CFD, Index CFD.

    Why Choose TickTrader?

    • Extensive trading tools for advanced data analysis.
    • Advanced order types — market orders, limit orders, and stop orders.
    • One/double click trading mode.
    • Trading alert system with easy setup.
    • Detailed charting system.
    • Strategy back tester.
    • Level 2 pricing and more.

    Read more...
     
  9. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    Join the “Money Managers” contest and win up to $5,000

    FXOpen invites traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD! The contest starts on March 1, 2021, and registration will be open for 2 months untilMay 1.

    [​IMG]



    Contest conditions

    • Contest dates: March 1 — 30 June, 2021;
    • Registration period: from now till May 1, 2021;
    • Prize fund: USD 10,000;
    • Rewards:
      • 1st place - USD 5,000;
      • 2nd place - USD 3,000;
      • 3rd place - USD 2,000.
    The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the Manager, 50% - to the investor (the Company)
    • .
    • Initial deposit: the minimum amount required to open a PAMM account (from 1,000 USD for PAMM ECN, from 200 USD for PAMM STP, 1,000 USD for PAMM Crypto);
    • Minimum trading period: two months;
    • Minimum number of trades per week/ during the contest: 5/ 80;
    • Trading volume: not less than 1 lot per stage;
    • Contest profit: minimum 30% of the deposit;
    • The drawdown should not exceed 20% in the period from the moment the contest starts until the prize money is credited (the prize money is credited within 5 working days from the moment the contest ends in case of an open offer);
    • Short-term drawdown shown in rollover should not exceed 20% after the prize money is credited, and the drawdown not shown in rollover should not exceed 25%.


      Read more...
     
  10. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    BTC AND XRP – CORRECTION OR THE END OF THE INCREASE ALTOGETHER?

    • BTC/USD
      From its all-time high at $58,360, the price of Bitcoin has made a decrease of 22.8% today as it fell to $45,058 at its lowest spike. Currently, it is being traded at $47,251 and the price is in a steep downward trajectory.
      The price ended its 3rd wave out of the impulse that started on the 27th of January. This is why the seen decrease is still considered correctional in nature but is still unclear where this downfall could end.
    • XRP/USD
      The price of Ripple has been in a downfall as well and made a decrease of 43.52% measured from its recent high at $0.65 to its lowest point today at $0.3668. Since then it made a minor recovery and is currently sitting at $0.44278 level.
      The price made it below the significant horizontal range between $0.5 and $0.47. This was a significant pivot zone that served as an indication of whether or not the prior ascending move was impulsive or corrective.

    Read more...

    #Cryptocurrencies#Crypto #cryptocurrency #cryptotrading #BTCUSD #XRPUSD #Bitcoin #Ripple #XRP #BTC
    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  11. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    EUR / USD AND USD / CHF SHOWING SIGNS OF MORE UPSIDES

    EUR/USD settled above 1.2100 and it is now facing hurdles near 1.2200. USD/CHF is rising and it is likely to accelerate higher above 0.9065.


    Important Takeaways for EUR/USD and USD/CHF
    • The Euro started a fresh increase above the 1.2100 and 1.2120 resistance levels against the US Dollar.
    • There is a key bullish trend line forming with support near 1.2140 on the hourly chart of EUR/USD.
    • USD/CHF started a steady increase and climbed above the 0.9000 resistance zone.
    • There was a break above a major rising channel with resistance near 0.9045 on the hourly chart.

    Read more...

    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  12. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    LTC AND EOS - FURTHER DOWNSIDE MORE LIKELY

    • LTC/USD
      The price of Litecoin has been in a decline from Saturday’s high when it came up to $247. From there we have seen a downfall of 35.8% measured to its lowest point of the week made on Tuesday at $158.56. We have seen a minor recovery as the price made a rise to the $190 area but has since pulled back again and is currently sitting just below $180.
    • EOS/USD
      From Tuesday’s low at $3.18 the price of EOS has recovered by 29% as it came up to $4,107 at its highest point but started decreasing again and is currently sitting at around $3.935 moving sideways.

    Read more...

    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  13. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    ForexCup Trading Championship 2021, a contest for traders to win $50,000, is now live!

    [​IMG]

    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 best and for a hefty cash prize of 50,000 U.S. dollars, which will go to whoever demonstrates the most profit at the end of the year 2021.
    • The contest is available to anyone who has an active FXOpen ECN account. The only requirement is to have a minimum trading deposit and follow the contest rules.
    • Participants can choose any instruments available within their jurisdictions: spot FX, Index, Commodity, Stock, Metal or Crypto CFDs.
    • Three personalized crystal trophies are prepared for the first three places, and the trader who takes the first place will receive a cash prize of $50,000 without any additional conditions.

    Forex Trading Championship is a brand-new name among other trading competitions, but it has a big legacy. With the support of renowned partners, including global Forex and ECN broker FXOpen, the championship provides an opportunity for you to compete with the best and put your trading strategies to the test!

    “We launched the ForexCup Trading Championship to provide our clients the unique opportunity to test not only themselves but to measure and compare their trading skills against their peers, to take the coveted position of Top Trader. Ultimately, we hope this will identify and inspire the next generation of Forex enthusiasts,” Gary Thomson asserts, the Chief Operating Officer of FXOpen UK.

    Anyone interested can sign up now or read more about Forex Trading Championship rules and philosophy here

    Source

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  14. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    Join the “Money Managers” contest and win up to $5,000

    FXOpen invites traders to participate in "Money Managers", a contest with real PAMM accounts. Don't miss your chance to win big money prizes totaling 10,000 USD! The contest starts on March 1, 2021, and registration will be open for 2 months untilMay 1.

    [​IMG]


    Contest conditions

    • Contest dates: March 1 — 30 June, 2021;
    • Registration period: from now till May 1, 2021;
    • Prize fund: USD 10,000;
    • Rewards:
      • 1st place - USD 5,000;
      • 2nd place - USD 3,000;
      • 3rd place - USD 2,000.
    The prize will be added to an investment account according to 50/50 offer (50% of the profit goes to the Manager, 50% - to the investor (the Company)
    • .
    • Initial deposit: the minimum amount required to open a PAMM account (from 1,000 USD for PAMM ECN, from 200 USD for PAMM STP, 1,000 USD for PAMM Crypto);
    • Minimum trading period: two months;
    • Minimum number of trades per week/ during the contest: 5/ 80;
    • Trading volume: not less than 1 lot per stage;
    • Contest profit: minimum 30% of the deposit;
    • The drawdown should not exceed 20% in the period from the moment the contest starts until the prize money is credited (the prize money is credited within 5 working days from the moment the contest ends in case of an open offer);
    • Short-term drawdown shown in rollover should not exceed 20% after the prize money is credited, and the drawdown not shown in rollover should not exceed 25%.


      Read more...
     
  15. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    RISING YIELDS SPARK DOLLAR’S RALLY
    [​IMG]

    Financial market participants were taken by surprise last week. The US dollar, on a steady decline since April of last year, has pared losses and started to rally.

    It gained across the board, trading higher against the euro, the pound, or the Australian dollar. The move higher in the dollar comes against all forecasts at the end of last year. Investment banks across the world forecasted a lower dollar to be the theme for the entire 2021, but that trend lasted only for the first two months of the year.

    The move higher in the dollar was sparked by a dramatic increase in the US 10y yields. The Treasury yield is already at the end-2021 forecast, with only two months ended in the trading year.

    Higher Yields, Higher Dollar

    The rising yields pose a threat to the reflation theme and the risk-on environment. Whenever yields are rising, the rise brings an unwanted tightening in financial conditions.

    At this point, investors are speculating that the tightening of financial conditions during a pandemic will trigger more action from some central banks. However, the Fed looks trapped due to higher inflation and the Treasury issuance plan. Therefore, the chances are that other central banks, in particular the ECB and the RBA, will likely ease, further fueling the move higher in the dollar.

    The EURUSD and the AUDUSD pairs lows over two big figures last week, and the trend lower continues. At the time of writing this article, the EURUSD traded close to 1.20, after only last Thursday it was as high as 1.2240. The move lower is almost vertical, and the same is seen on the AUDUSD pair.

    In other words, this is a higher dollar move triggered by financial tightening and the risk-on environment changed. Should we see, yields continuing to rise, the dollar’s strength will continue as well.

    This is the NFP week, and trading is tricky until the jobs data is released next Friday. However, this time the release may not be so relevant for markets unless the yields give away some of the recent games.

    Also, investors will focus on what the RBA will do tomorrow, as well as the signals from the ECB. Any signs of further easing should trigger a new leg lower in the EURUSD and AUDUSD pairs.

    Read more...

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel

     
  16. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    BTC AND XRP – BREAKOUT SEEN BUT FIRST RESISTANCE ENCOUNTERED

    • BTC/USD
      From Sunday’s low at around $43,070, the price of Bitcoin came up $49,579 at its highest point today which was a recovery of 15%. Since today’s high, we have seen a minor pullback but the price is still in an upward trajectory overall. This recovery of 15% was a breakout from the descending triangle that formed from the 25th of February and was the 3rd sub-wave from the correctional move that started on the 21st.
    • XRP/USD
      The price of Ripple has also been increasing from Sunday and came up from $0.396 to $0.45325 at its highest point today, which was an increase of 14.44%. Currently, it is being traded at $0.44327 and is moving sideways. The price of Ripple made a breakout from its descendent triangle as well but unlike in the case of Bitcoin hasn’t exceeded its prior local high, but instead found resistance at its levels.

      Read more...

      # Cryptocurrency # BTCUSD #XRPUSD #Ripple #Bitcoin #Cryptocurrency #Crypto

      [​IMG]

      Follow the updates on Facebook, Twitter dan Telegram.

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

      Subscribe our FXOpen Youtube Channel

     
  17. radex78

    radex78 ECZ Member

    Joined:
    Jan 30, 2011
    Posts:
    550
    Likes Received:
    0
    [​IMG]
    EUR/USD FACING HURDLES, USD/JPY GAINS BULLISH MOMENTUM

    EUR/USD declined towards 1.2000 before recovering higher. USD/JPY is following a strong uptrend and it even broke the 106.50 resistance zone.

    Important Takeaways for EUR/USD and USD/JPY

    • The Euro tested the 1.2000 support zone and it is now recovering higher.
    • There was a break above a steep bearish trend line with resistance near 1.2020 on the hourly chart of EUR/USD.
    • USD/JPY climbed above the 106.00 and 106.50 resistance levels.
    • There is a major bullish trend line forming with support at 106.70 on the hourly chart.

    EUR/USD Technical Analysis
    This past week, the Euro topped near the 1.2245 before starting a fresh decline against the US Dollar. The EUR/USD pair broke the 1.2150 and 1.2120 support levels to move into a bearish zone.

    The pair even broke the 1.2080 support level and the 50 hourly simple moving average. Finally, there was a spike below the 1.2000 support and the pair traded as low as 1.1991 on FXOpen.

    USD/JPY Technical Analysis
    The US Dollar started a strong increase above the 105.00 and 105.50 resistance levels against the Japanese Yen. The USD/JPY pair even cleared the 106.00 level to move into a positive zone.

    It gained pace and climbed steadily above the 106.50 resistance. A high is formed near 106.95 and the pair settled nicely above the 50 hourly simple moving average. There was a minor downside correction below the 106.60 level.

    Read more
    [​IMG]

    Follow the updates on Facebook, Twitter dan Telegram.

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

    Subscribe our FXOpen Youtube Channel