Profile cover photo
Profile photo
FXOpen Company
866 followers -
FXOpen Company - When Money Makes Money
FXOpen Company - When Money Makes Money

866 followers
About
Posts

Post is pinned.Post has attachment
#FXOpen enhances the range of financial instruments by adding pairs with #Bitcoin Cash, Ripple, Ethereum Classic, Monero, NEO, IOTA, EOS and OMNI to #Crypto accounts. With the latest additions, FXOpen now offers the total of 39 currency pairs.
Read more:
Add a comment...

Post has attachment
The Euro declined heavily during the past few days and broke many supports such as 1.1880, 1.1850 and 1.1820 against the US #Dollar. The #EURUSD pair even settled below 1.1800, and it is currently consolidating losses above the 1.1720 level.

The pair recently corrected higher, but the broken support near 1.1820 acted as a strong barrier for buyers. It declined back below 1.1800, broke a bullish trend line on the hourly chart at 1.1780, and even settled below the 50 hourly simple moving average.

More importantly, it broke the 50% Fib retracement level of the last wave from the 1.1716 low to 1.1829 high. Therefore, there are chances of more losses below 1.1750 in the near term.

It seems like the pair is forming a range pattern with support above 1.1720 and resistance at 1.1820. Going forward, there could be ranging moves and consolidation before the pair makes the next move.

A successful break and close above 1.1820 may perhaps open the doors for a larger correction towards 1.1900. On the flip side, a downside break below 1.1720 might call for more losses below 1.1680.

Today, there are many key releases lined up in the Euro Zone such as preliminary readings of Manufacturing and Services PMI in May 2018. The market is looking for positive signs, and if the outcome is stable or above the forecast, EUR/USD could move higher towards 1.1800 and 1.1820.

Read about #usdjpy in our blog post:
Add a comment...

Post has attachment
Dear Traders,

Due to the US Memorial Day and UK Spring Bank Holiday on May 28th you will experience the following changes in the trading hours schedule:

#Forex pairs: no changes;
Metalls: trading closes at 20:00 GMT +3;
Oil and Gas: trading closes at 19:45;
#Indices:
Japan 225: trading closes at 20:00;
US SPX 500: trading closes at 20:00;
US SPX 500 (Mini): trading closes at 20:00;
US Tech 100: trading closes at 20:00;
US Tech 100 (Mini): trading closes at 20:00;
Wall Street 30: trading closes at 20:00;
Wall Street 30 (Mini): trading closes at 20:00;
UK 100: trading is closed.

Please, consider these changes when planning your #trading activities for the following week.
Add a comment...

Post has attachment
#Litecoin remains in a downtrend. We are currently quoted at $133 dollars and trading just above a set of several potential support levels at $130.70, $128.57 and $125 dollars. A clearing of this support area should lead to further losses.

The first strong level of support after this area can be found at the $108.44 swing low. The low for 2018 is close to here at $105.55 dollars, some traders may choose to wait until that level is taken out as well. Further down the $100 round figure may also act as weak support to falling prices.

On the top end we have resistance at $142 dollars followed by the $150 round figure. Higher up a breakout above the $152.80 swing low would end the current bearish trend on the daily charts. A move above the $184.47 swing high is needed for a new LTC rally. On the longer-term weekly and monthly charts #LTCUSD is still looking bullish.

Read about #BTCUSD in our blog post:
Add a comment...

Post has attachment
The Aussie #Dollar managed to recover recently after it formed a support base near 0.7450 against the US Dollar. The #AUDUSD climbed higher and settled above the 0.7500 resistance level.

However, the pair is currently struggling near a bearish trend line with resistance at 0.7535 on the hourly chart. A break above the trend line resistance and 0.7540 is must for more gains towards 0.7550 and 0.7580 in the short term.

Should the pair fails to move above 0.7540, it may correct lower towards the 0.7500 support. However, the most important support is near the 50% Fib retracement level of the last wave from the 0.7447 low to 0.7547 high.

The overall bias is positive as long as AUD/USD is above 0.7490, but it won’t be easy for buyers to break the 0.7540 resistance. In the short term, there could be ranging moves before the pair makes the next move either above 0.7540 or below 0.7500.

Read about #GBPUSD in our blog post:
Add a comment...

Post has attachment
Ether prices have lost the positive momentum vs bitcoin. We are currently quoted at 0.08414 BTC, below the highs hit back on May 6th.

Nonetheless, #ETHBTC remains in an uptrend on the daily charts. To end it the bears will have to make a decisive push below the 0.07703 BTC swing low. A breakdown below 0.07413 BTC is needed for a new downtrend.

Higher up there’s weak resistance above the 0.085 BTC round figure. This is followed by the 0.08829 swing high and the 0.09 and 0.1 BTC round figures. A decisive breakout above here may open to door to this year’s high at 0.121 BTC. On the longer-term weekly charts Ether is range-bound. The trend is bullish on the monthly charts, which take a longer time to turn.

Read about #btcusd and #dshbtc on our blog:
Add a comment...

Post has attachment
As noted in our previous article, #BTCUSD is now back in a bear market. Last week we saw a drop of over $1,000 dollars during which a low of $8,202 was hit. From here we got somewhat of a dead-cat bounce, helped by the Consensus conference.

But with the event already underway and technicals turning bearish, speculators could start to ‘sell the news’. Weak support on the way down can be found at the $8,202 swing low, followed by the $8,000 round figure. Further down we have more support at $7,821, another notable swing low. A strong support area below can be found in the $6,420 to $6,600 dollars range. This is where we bottomed out during the last selloff. A decisive break below here could open the door for a break of this year’s low at $5,980 dollars.

On the upside there’s resistance at the $9,165 dollars, followed by a strong area of resistance around the $10,000 round figure. A clean breakout above here would both end the #downtrend and start a new uptrend. On the longer-term weekly charts BTC/USD is in a range while the monthly chart is looking bullish.

Read about #ltcusd in our blog post:
Add a comment...

Post has attachment
The rally in #BTCUSD is somewhat stalling. Prices topped out at $9,987 dollars five days ago and since then it’s been a slow ride down. Early this morning we dipped below the $9,000 round figure briefly but recovered quickly for a second time. However the bulls may not be so lucky the third time around, another retest may lead to a breakdown lower.

The potential trend-ending support stands at the $8,815 swing low although not far from here there’s more decent support at the $8,650 swing low. A new #downtrend may commence on a decisive break below the $8,000 round figure. Further down there’s some support around the former swing low at $7,287 dollars.

But a stronger area to watch out for is the $6,420 to $6,600 range. This is where we bottomed out last time. This year’s low at $5,980 dollars is another notable level. A clearing of these support levels may open the door to the $5,000 round figure. There’s no change on the longer-term charts. Here the weekly is still range-bound with the monthly keeping a bullish bias.

Read about #LTCUSD in our blog post:
Add a comment...

Post has attachment
Since last Tuesday bitcoin prices advanced by $439 dollars or almost 5 percent. Naturally the uptrend on the daily charts is still in place. To end it the bears will have to push us below the $8,650 swing low. A new downtrend requires a breakdown below the next swing low at $7,821 dollars per coin.

Further down there’s strong support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. Higher up there’s some resistance at the psychological $10,000 figure, followed by more resistance at $10,680, $11,000 and $11,769 dollars. On the weekly charts #BTCUSD is range-bound but the monthly charts are still keeping the bullish bias.

Similarly to last week there have been no major news catalyst behind the moves. There has been some chatter from China regarding the legality of some #bitcoin trading platforms but so far there hasn’t been any fire, only smoke.

Read about #LTCUSD in our blog post:
Add a comment...

Post has attachment
The rally in #BTCUSD continues with more gains during the past few days. As noted previously, with the break above the $8,425 dollars swing high we’re back in a bull market on the daily charts.

There’s weak resistance higher up at $9,887 dollars followed by a stronger level at the $10,000 round figure, an important psychological barrier. This is followed by more resistance at $10,680, $11,000 and $11,769 dollars. Fundamentally no major news have been released to trigger the current bull #market in cryptos. The several smaller news events have been both bullish and bearish for the price.

The current rally may end if we get a decisive break below the $7,821 swing low. A new bearish trend needs a break of the support around the $6,420 swing low. A clearing of this strong support area would open the way for a break of this year’s low at $5,980 dollars per coin. On the longer-term weekly charts BTC/USD is range-bound but the monthly charts are keeping the bullish bias.

Read about #LTCUSD in our blog post:
Add a comment...
Wait while more posts are being loaded