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

791 followers
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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.
Learn more:

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#USD inched lower against #CAD on Friday, decreasing the price of #USDCAD to less than 1.3100 ahead of the Canada’s Consumer Price Index (CPI) news. The technical bias remains bearish because of a lower low in the recent downside move.

The pair is being traded near 1.3096. A support may be noted around 1.3028, the confluence of a couple of trendline support zones as demonstrated in the given below daily chart. A break below the 1.3028 support shall incite renewed selling pressure, validating a move towards the 1.2950 support.

On the upside, the pair is likely to face a hurdle around 1.3169, the intraday high of yesterday ahead of 1.3180, the trendline resistance area and then 1.3283, the 50% fib level. The technical bias shall remain bearish as long as the 1.3209 resistance area is intact.



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#Ether prices had a false breakout last week. On February 14th prices surged from 0.01125 to a high of 0.01321. But by day four of the rally we had a 50% retracement and by day eight all of the gains were lost.

We’re now back in range for #ETHBTC. A new uptrend requires a breakout above 0.01332. Above here resistance can be found at the 0.01382 swing high and the 0.015 round figure.

A new downtrend needs a breakdown beyond the 0.01041 figure. We have support below here at the 0.01 round figure closely followed by 0.0089 #BTC and 0.00784. Lower still we have the December low at 0.0073 as another potential support, followed by the semi-round figure at 0.05 BTC. On the longer-term charts (weekly) Ether has switched from bearish to neutral.

Read about another #crypto #Dash in our blog.

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#AUD inched against the #USD on Wednesday, increasing the price of #AUDUSD to more than 0.7650 after the Reserve Bank of Australia (RBA) Governor’s speach. The technical bias shall remain bullish because of a higher high in the recent upside rally.

The pair is being traded around 0.7695. A hurdle can be noted near 0.7700, the psychological number as well as trendline resistance ahead of 0.7726, the swing high of the last major upside rally as demonstrated in the give below daily chart. A break and daily closing above the 0.7726 resistance shall incite renewed buying interest, validating a move towards the 0.8000 resistance zone in long term. The technical bias shall remain bullish as long as long as the 0.7159 support area is intact.

On the downside, a support can be noted around 0.7600, the psychological number ahead of 0.7468, the confluence of 50% fib level as well as horizontal support area and then 0.7387, the trendline support area on bigger timeframes followed by 0.7159, the swing low of the last major downside move.



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#USD inched higher against #CHF on Monday, increasing the price of #USDCHF to more than 1.0000 following the release of some key economic news. The technical bias remains bullish because of a higher high in the recent upside rally.

The pair is being traded near 1.0025. A support can be noted around 0.9950 as demonstrated in the given below daily chart. A break and daily closing below the 0.9950 support shall incite renewed selling interest, validating a downside move towards the 0.9830 support zone.

On the upside, the pair is expected to face a hurdle near 0.1187, the high of the bearish pin bar that was emerged few days ago. If the price invalidates the pin bar low, then we may expect a test of 1.0312 which is the trendline resistance zone. The technical bias shall remain bullish as long as the 0.9861 support area is intact.



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Please, be aware that due to Presidents’ Day in the USA on February 20, 2017, there will be a change in trading hours for commodities and indices.
Learn more:

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A lot has happened since our last update seven days ago. The major news was the Big Three Chinese exchanges stopping #bitcoin and #litecoin withdrawals. This initially crashed prices and we saw a low of $913.99 on BTC-E. Shortly thereafter, however, a recovery occurred that sent #BTCUSD back to the $1,000 handle. This exact scenario repeated one more time, with prices bottoming out at $963 dollars a few days later.

We seem to be stuck around the $1,000 level for now as traders wait for the decision on the bitcoin #ETF. The negative news from China continues to be shrugged off in the West as prices trade at $20-$25 premium. In the past, it was Chinese exchanges which ‘lead the charge’. The deadline for the ETF is set for March 10th, although if the decision is negative we will likely hear about it sooner than that.

Technically #BTC is still in an uptrend. To end it, prices will have to break below the $913 swing low. A new downtrend requires a move below the $875 swing low as well. On the upside, no clear resistance levels can be seen until the multi-year high at $1,096 on FXOpen and $1,160/65 on other USD exchanges.

Another #crypto #LTC is in our blog post.

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#Gold inched lower on Wednesday, decreasing the price of yellow metal to less than $1225 an ounce after the Yellen’s speech which was monitored closely by gold traders and investors all over the world. The technical bias remains bullish in short to medium term.

The precious metal is being traded near $1224 an ounce. A support can be noted around $1221, the trendline support area ahead of $1212, the 50% fib level and then $1200, the psychological number.

On the upside, a hurdle can be noted around $1231, the trendline resistance area ahead of $1237, the high of February 10th and then $1244, the high of the last major upside rally. The technical bias shall remain bullish as long as the $1200 support area is intact.


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