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Dear traders,
#FXOpen launches a financial performance tracking tool. FXOpen Analytics helps you track and analyze your #trading performance, allowing you to set goals and monitor your progress. Your trading results are displayed in charts and diagrams focusing on key performance metrics such as profit, equity, gain, drawdown and deposited funds.
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FXOpen broker news. Find out the latest announcements, updates, promotions, contests and more. Be kept up to date with the FXOpen news
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#GBP   underwent some correction against #USD   on Wednesday, dragging the price of #GBPUSD   to less than 1.2350 amid some key economic events. The pair had shown skyrocket movement of more than 400 pips yesterday. The technical bias remains bullish because of a higher low in the recent downside wave.

As of this writing, the pair is being traded around 1.2323. A hurdle can be noted near 1.2492, the confluence of trendline resistance as well as 38.2% fib level as demonstrated in the given below daily chart. A break and daily closing above the 1.2500 resistance shall incite renewed buying interest, validating a move towards the 1.2774 resistance zone.

On the downside, the pair is likely to find a support around 1.2300, the confluence of psychological number as well as trendline support ahead of 1.2015, the intraday low of today and then 1.1916, the swing low of 2016.
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#AUD   inched lower against #USD   on Monday, dragging the price of #AUDUSD   to less then 0.7500, following the release of some key economic news. The technical bias remains bearish because of the lower low in the recent downside move.

The pair is being traded around 0.7464. A hurdle can be noted near 0.7517, the horizontal resistance area as demonstrated in the give below daily chart. A break and daily closing above the 0.7517 resistance area shall incite renewed buying interest validating an upside rally towards the 0.7710 resistance zone.

On the downside, a support can be noted around 0.7445, the horizontal support area ahead of 0.7300, the confluence of psychological number as well as a critical support zone. A daily closing below the 0.7300 support area shall target 0.7160, the swing low of the last major downside wave.
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#USD   extended upside movement against #CAD   on Friday, increasing the price of #USDCAD   to more than 1.3100 following the release of some key economic news and events. The technical bias remains bearish because of a lower low in the recent wave.

The pair is being traded around 1.3153. A support can be seen around 1.3110-1.3100, the confluence of horizontal support area as well as psychological number. A break and daily closing below 1.3100 shall incite renewed selling pressure, validating a move towards the 1.2980 support area which is another critical support as demonstrated in the give below daily chart.

On the upside, the pair is expected to face a hurdle around 1.3309, the horizontal resistance area ahead of 1.3400 the psychological number and then 1.3598, the swing high of the last major upside rally. The technical bias shall remain bullish as long as the 1.3080 support area is intact.
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#USD   extended upside movement against #CHF   on Wednesday, increasing the price of USD/CHF to more than 1.050 following the release of some key economic news. The technical bias remains bullish because of a higher high and higher low in the recent wave.

The pair is being traded near 1.0162. A support may be seen around 1.0051, the swing low of the giant pin bar which was emerged on 30th December. A break and daily closing below the 1.0051 support shall incite renewed selling pressure, validating a move towards 1.0018-1.0000, the confluence of horizontal support area as well as psychological number.

On the upside, the pair is expected to face a hurdle around 1.0206, the horizontal resistance area ahead of 1.0335, the swing high of the last major upside rally and then 1.0500, the psychological number. The technical bias shall remain bullish as long as the 1.0000 support area is intact.
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#Silver   extended upside movement on Monday, increasing the price of white metal to more than $16.50 after the release of US nonfarm payroll report. The technical bias remains bearish because of a lower low and lower high in the recent wave on the daily chart.

The precious metal is being traded around $16.50. A hurdle can be noted near $17.08, the horizontal resistance area ahead of $18.00, another critical resistance zone. A break and daily closing above the $18.00 resistance area shall incite renewed buying interest, validating an upside rally towards the $19.00 resistance area.

One the down side, the white metal is likely to find a support around $16.25, the intraday low of today ahead of $15.80, the horizontal support zone and then $15.63, the swing low of the last major downside wave. The technical bias shall remain bearish as long as the $17.21 resistance zone is intact.
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#EUR   rallied against #USD   on Friday, increasing the price of #EURUSD   to more than 1.0650, following the release of some key economic news. The technical bias remains bearish because of the lower low and lower high in the recent downside move.

The pair is being traded around 1.0673. A hurdle can be noted near 1.0710, the horizontal l resistance area as demonstrated in the given below daily chart. A break and daily closing above the 1.0710 resistance area shall incite renewed buying interest, validating an upside rally towards the 1.0855 resistance zone.

On the downside, a support can be noted around 1.0517, the horizontal support area ahead of 1.0500, the confluence of psychological number as well as critical support zone. A daily closing below the 1.0500 support area shall incite renewed selling pressure, validating a move towards the 1.0350 support zone.
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The last two weeks saw a lot of volatility in PPC prices. First we fell to a low of $0.211 on January 7th, briefly breaking below the $0.223 level identified last week as a potential trend ender. But the break wasn’t decisive and prices never closed below this level. Furthermore the duration of the trip below $0.223 was short, lasting only a few hours.

The uptrend in #PPCUSD is still in play. This week #Peercoin hit new multi-month highs at $0.313. We have since fallen back somewhat to $0.282.

On the way up, resistance can be found at former swing high at $0.29 and the 30 cents round level. But a stronger level then these two may be the $0.313 swing high reached few days ago. A breakout above here could intensify the gains.

On the lower end, a break below the $0.225 swing low is needed to end the current rally. As always, we are looking for a clean and decisive break, not a short spike below the level. A move below this month’s low at $0.211 would start a new PPC downtrend.

Another #crypto #Namecoin is in our blog post.
In our previous article we hypothesized that both Peercoin and Namecoin are in rally mode. Shortly after that article however we got a sharp correction in prices, which briefly broke below some important support levels ...
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It’s been a much calmer week for #BTCUSD. Prices are currently quoted at $865 dollars, only $3 below last Tuesday’s price. This is a price difference of only 0.34 percent.

Still the short-term trend remains down. To end it, the bulls will have to push #bitcoin above the $900 round figure. To resume the broken uptrend however, #BTC will have to stage a breakout above the highs at $1,096.

Above current prices resistance can be found at the $900 and $1,000 round levels, closely followed by $1,096 on FXOpen (around $1,163 on other USD exchanges). On the bottom, we have support at the $800 level, followed by $750. In fact there’s a large support area here, between $730 and $750 dollars. A breakdown below it could intensify the losses for bitcoin.

With the end of the rally, we’ve seen price differences return to more historical levels. Right now FXOpen is lagging the US market by only $14 dollars, compared to the $37 reported two weeks ago. The USD vs CNY gap has shrunk from over $100 dollars to $21 at the moment. Both of these gaps were much smaller 24 hours ago, before the small perk up higher.

Another #cryptocurrency #Litecoin is in the blog post.
It's been a hectic start of the year, with pricing surging to a new all-time high only to crash shortly thereafter. But this past week has been much calmer, with prices swinging above and below ...
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Dear Clients,
Please, be aware that due to Martin Luther King Day in the USA on 16 January 2017, there will be a change in trading hours for CFDs and indices. Learn more:
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#Ether is trading at 0.01216 BTC right now, close to 47 percent from the yearly open. Granted, this has been a rally from oversold levels. At one point prices declined by over 75 percent from the highs hit earlier this year.

Nonetheless, that’s in the past and right now #ETHBTC is in short-term rally mode. Resistance on the way up can be found at 0.01332 BTC, closely followed by the 0.01382 swing high and the 0.015 round figure.

On the lower end, we have support at the 0.01 round figure, followed by the swing highs near 0.0089 BTC. A move below 0.008 would technically end the fledgling #ETH uptrend. The December low at 0.0073 is another level to take note off. The semi-round figure at 0.05 #BTC may lend some support as well.

Read about #DSHBTC in our blog post.
The start of the year has been good to ETH investors. Prices are up by close to 47 percent right now from the January open at 0.00828. Dash is up by a substantial amount as ...
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#Bitcoin’s bull run is finally over. Prices peaked at $1,096 on FXOpen (around $1,163 on other exchanges). Just three days later a low of $770 dollars was hit on FXOpen (around $810 on other exchanges).

This is almost exactly where prices topped out back in June. In a classic move of former resistance turns into support, prices bounced here. We are currently quoted at $868 dollars, $98 above the lows but a substantial $228 dollars below the highs. The People’s Bank of China held a meeting with major bitcoin exchanges in the country and allegedly issued them a warning. However it is likely that incoming restrictions from China were part of the reason behind the large rally in #BTC prices since November 3rd. Chinese bitcoin exchanges account for over 90% of the trading volume. Thus news of bitcoin restrictions in China tends to have a high impact on the market price.

On the technical front, we are now in “no man’s land.” A resumption of the rally would need a break above the $1,096 highs, which doesn’t seem likely in the foreseeable future. Below here we find resistance at the round figures of $900 (weak) and $1,000 (strong). On the lower end, a downtrend requires a decisive break below the $770 swing low. Support below here can be found at $750, $730 and $700 dollars per coin. The longer trends for #BTCUSD (weekly and monthly) remain #bullish.

Another #cryptocurrency #Litecoin is in our blog post.
The near three-month long Bitcoin rally is finally over. Big brother's decline took down LTC as well. Both crypto-currencies are now waiting for the next move. Bitcoin Rally Ends with a Bang Bitcoin's bull run is finally ...
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FXOpen Company - When Money Makes Money
Introduction
FXOpen is one of the world’s biggest retail FOREX companies providing its clients with everything necessary to get the most and the best from FOREX trading: advanced trading technology, reliable order execution and dedicated support. With the introduction of the first ever MT4 ECN trading platform coupled with PAMM accounts the Company solidified its position as a MT4 technology innovator and the driver of the market development.

From its inception the principal goal of the company was to make trading fairer, more professional and convenient. Founded by traders it was created to pursue trader’s interests and has proved its commitment to this mission. 

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