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FXOpen Company - When Money Makes Money
FXOpen Company - When Money Makes Money

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📊 AUD/USD is currently struggling to gain bullish momentum above the 0.7220 resistance. NZD/USD is also facing hurdles and it may correct lower in the near term.

Important Takeaways for AUD/USD and NZD/USD
⚫️ The #AussieDollar recovered recently and traded above the 0.7170 resistance against the #USDollar.
⚫️ There is a major bearish trend line in place with resistance at 0.7210 on the hourly chart of AUD/USD.
⚫️ NZD/USD is also facing a crucial #bearish trend line with resistance near 0.6780 on the hourly chart.
⚫️ The pair may decline a few points towards the 0.6740 or 00.6730 support levels.

👀 #AUDUSD and #NZDUSD #TechnicalAnalysis on our blog:
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LTC/USD

Last Thursday the price of #Litecoin was $39.8. From there it started falling down fast as it came from $39,75 to $32,72 at the lowest point on the same day, which is a drop of 17.5%. The price continued its downward trajectory and reached $32.5 on Friday, but the price stabilized around $32.48 level over the weekend and even started increasing on Sunday when it came up to $33.426. But more movement to the downside has been made from there as the price came down to $30.47 on Monday.

From there on the price has started increasing and came up by 9.76% as it reached $33.366 slightly above the 0.5 Fibonacci level. But since it also came to the minor downtrends resistance it started decreasing again. Hence, the sellers pushed the price back below the 0.5 Fibo level again with a struggle at first. Then the sellers showed more determination as a large 5% red candle occurred, which is only 2% lower from the previous green one to the upside.

Find more about #LTCUSD and #EOSUSD on our blog:
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Dear Traders,

Please note that due to the celebration of US Martin Luther King Day on Monday, January 21st, 2019 in the US trading hours for some financial instruments will be changed.

👀 Check the changes of trading schedule on our site: http://bit.ly/2svAbwi
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📉 EUR/USD topped near the 1.1575 level and later corrected lower sharply. USD/JPY is currently consolidating and it could soon make the next move above 108.75.

Important Takeaways for EUR/USD and USD/JPY
⚫️ The #Euro declined recently and broke the 1.1460 and 1.1420 support levels.
⚫️ There is a major bearish trend line formed with resistance at 1.1445 on the hourly chart of EUR/USD.
⚫️ USD/JPY is gaining strength above the 108.00 and 108.20 support levels.
⚫️ There is a key contracting triangle formed with resistance at 108.65 on the hourly chart.

👀 Find #EURUSD and #USDJPY technical analysis on our blog:
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From the start of the week, the price of #Bitcoin was in an upward trajectory and has come from yesterday’s open at $3580 to $3801 at its highest point yesterday. Since yesterday’s high, the price has been retracing and is currently sitting at $3729, which is an overall increase of 4.07%.

Looking at the hourly chart you can see that the price action has created a minor descending channel in which the price is retracing from the moment it hit the 0.5 Fibonacci level. As the wave structure looks impulsive, I believe that the move to the upside has one more wave to go. That is why after the retracement I would expect the price of #btcusd to go up to $3880 before this move has ended.

The retracement could end on the 0.382 Fibonacci level, which would mean that the price could go further down to $3666 before increasing for another 5-6% measured to the $3880 level, but the price could increase further potentially all the way up to $3994.4 horizontal resistance before this move has ended.

Read also #xrpusd analysis in our blog:
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📉 GBP/USD gained momentum recently and broke the 1.2750 and 1.2800 resistance levels. EUR/GBP declined heavily and broke the 0.8960 and 0.8950 supports.

Important Takeaways for GBP/USD and EUR/GBP
⚫️ The #BritishPound traded with a bullish bias recently and climbed above the 1.2800 barrier.
⚫️ There is a connecting resistance trend line in place at 1.2875 on the hourly chart of GBP/USD.
⚫️ EUR/GBP declined heavily and traded below the 0.9000 and 0.8960 support levels.
⚫️ There was a break below a major bullish trend line with support at 0.9025 on the hourly chart.

👀 Find #GBPUSD and #EURGBP technical analysis on our blog:
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📊 Gold price corrected lower recently and found support near the $1,286 level. Crude #oil price is following a bullish path and it may continue to rise in the short term towards $55.00.

Important Takeaways for Gold and Oil
⚫️ #Gold price found support near the $1,286 level and recently recovered above $1,290 against the #USDollar.
⚫️ There is a major bullish trend line in place with support at $1,282 on the hourly chart of gold.
⚫️ #CrudeOil price climbed higher recently and broke the $48.00 and $50.00 resistances.
⚫️ There are two bullish trend lines formed with support near $52.20 on the hourly chart of #XTIUSD.

👀 Gold and Oil Price Technical Analysis:
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During the week the price of #Litecoin fell from $40.113 on Monday to the current levels at around $35.40. Thus, the #cryptocurrency has depreciated in price by 11.83%. The price went further up to around $42 area on Tuesday making a higher high surpassing the previous one at $37.312. From there the altcoin fell quickly to $34.57 and has recovered to its current level at $35.358.

On the hourly chart, the price dropped from the $39.732 level today, decreasing by 12.62% in one go. The #LTCUSD is on the current uptrend support line now and has bounced off of it nicely as since the interaction occurred 1.95% green candles were formed. This isn’t still enough to say that it won’t continue going lower and break the support level as the momentum behind the sell-off looks strong.

For now, the uptrend support line looks strong enough to hold the price. But depending on the recovery that is currently in play, we are going to get an equal amount of the buyer’s momentum that will keep the price above that level. RSI was at 15.79% at its lowest point which indicates strong oversold conditions on the hourly chart. Considering that the price has found support on the uptrend support line and the horizontal level which served as resistance from where the price broke out, we are most likely going to see the price recover from here.

Read more about LTC and #EOS in our blog:
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🚩 The 4th round of "Heroes of PAMM” - a #Forex trading contest for live #PAMM accounts - ended on December 31st, 2018. We would like to recap the results of last year's final contest and announce the winners. The final rating includes only those traders, whose drawdown was under 20%. Over the course of 3 months 33 traders were competing for the prize fund of 10 000 USD. According to the contest rules, the winner gets the main prize - 5,000 USD as investment to his PAMM account. The runner-up gets 3,000 USD and the 3rd place holder - 2,000 USD.

🏆 The competition was intense and up till the last moment we could not predict who will make it to the top 3. The 2nd and 3rd places are separated by less than half percent! The best results in this "Heroes of PAMM” contest were demonstrated by the trader alesashka - over 3 months his initial deposit increased by over 115%.

👀 Check the winners and their results on our site:
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📈EUR/USD jumped above the 1.1450 resistance and recovered losses.
📉 USD/CHF is under pressure and it remains at a risk of a downside break below 0.9800.

Important Takeaways for EUR/USD and USD/CHF
⚫️ The #Euro bounced back and broke the 1.1360 and 1.1440 resistance levels against the US Dollar.
⚫️ There is a major bullish trend line formed with support at 1.1432 on the hourly chart of EUR/USD.
⚫️ USD/CHF declined recently and settled below the 0.9840 support level.
⚫️ The pair may continue to move down if there is no break above 0.9840 and 0.9850.

👀 Find #EURUSD and #USDCHF technical analysis on our blog:
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