FXOpen Trader

AUD/USD and NZD/USD Could Eye More Upsides AUD/USD started a fresh increase above the 0.7260 resistance zone. NZD/USD also climbed higher and it might continue to rise towards the 0.7150 level. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a decent increase above the 0.7260 barrier against the US Dollar. There was a break above a major bearish trend line with resistance near 0.7260 on the hourly chart of AUD/USD. NZD/USD also gained pace after it broke the 0.7020 resistance. There was a break above a key bearish trend line with resistance near 0.7020 on the hourly chart of NZD/USD. AUD/USD Technical Analysis After a steady decline, the Aussie Dollar found support near the 0.7225 zone against the US Dollar. The AUD/USD pair formed a base above the 0.7220 level and recently started a fresh increase. The pair broke the 0.7250 and 0.7260 resistance levels. There was also a break above a major bearish trend line with resistance near 0.7260 on the hourly chart of AUD/USD. The pair even cleared the 0.7300 level and the 50 hourly simple moving average. AUD/USD Hourly Chart A high was formed near 0.7316 on FXOpen and the pair is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the 0.7223 swing low to 0.7316 high. An initial support on the downside is near the 0.7285 level. The next major support is near the 0.7370 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the recent increase from the 0.7223 swing low to 0.7316 high. If there is a downside break below the 0.7370 support, the pair could extend its decline towards the 0.7325 level. An immediate resistance is near the 0.7315 level. The next major resistance is near the 0.7320 level. A close above the 0.7320 level could start a steady increase in the near term. The next major resistance could be 0.7365. Read Full on FXOpen Company Blog...

Standings ForexCup Trading Championship 2021 Our championship has been going on for over eight months now, and we are very grateful for your interest and support. We remind you that you can join ForexCup Trading Championship 2021 until the very last day of the championship and get a chance to become a top trader and earn our prizes! Join the ForexCup Trading Championship 2021 ForexCup News

Prospective PAMM Managers In this PAMM review, FXOpen presents for your consideration yet another list of the most promising and profitable investment accounts. As of September 2021, FXOpen has 150 active PAMM-accounts, with $2'925’824 of subscriber funds invested. And if you would like to try your hand at managing a PAMM-account, we are glad to remind you that FXOpen is hosting its Money Managers contest! Registration closes on October 3, 2021. Test your managing skills and win a monetary prize out of the $10,000 prize fund! FXOpen PAMM Risk Warning: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgment as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

EUR/USD Faces Hurdles, USD/CHF Could Extend Decline EUR/USD started a fresh decline below the 1.1800 support zone. USD/CHF is declining and it might continue lower below the 0.9220 zone. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh decline below the 1.1800 and 1.1750 support levels against the US Dollar. There is a major bearish trend line forming with resistance near 1.1735 on the hourly chart of EUR/USD. USD/CHF failed to clear 0.9335 and started a fresh downward move. There was a break below a key bullish trend line with support near 0.9290 on the hourly chart. EUR/USD Technical Analysis The Euro struggled to continue higher above the 1.1840 resistance zone against the US Dollar. As a result, the EUR/USD pair started a fresh decline below the 1.1800 support zone. The pair traded below the 1.1750 support level and settled above the 50 hourly simple moving average. There was also a break below the 1.1720 level. A low was formed near 1.1700 on FXOpen before the pair started an upside correction. The pair recovered above the 1.1720 level, but it failed near 1.1750. A high is formed near 1.1748 and the pair is now moving lower. There was a break below the 50% Fib retracement level of the upward move from the 1.1701 swing low to 1.1748 high. It is now consolidating near the 1.1720 level and the 50 hourly simple moving average. An immediate support is near the 1.1718 level. It is near the 61.8% Fib retracement level of the upward move from the 1.1701 swing low to 1.1748 high. The next major support is near the 1.1700 level. A downside break below the 1.1700 support could start another decline. On the upside, an initial resistance is near the 1.1735 level. There is also a major bearish trend line forming with resistance near 1.1735 on the hourly chart of EUR/USD. The main resistance is near 1.1750. If there is an upside break above the 1.1750 resistance zone, the price could rise steadily towards the 1.1800 resistance zone. Read Full on FXOpen Company Blog...

Natural Gas Prices Soar To New Heights. What Is Driving the Climb? One of the sharpest rallies in 2021 is taking place in the commodities market. Natural gas, seen below as XNGUSD, has doubled in price since late May, and the bullish run may continue into the winter season as it is about to start in the Northern Hemisphere. Before discussing some of the reasons why natural gas has entered an uptrend, let’s look at the technical state of things. Below is the daily timeframe of the XNGUSD pair which tracks the price of natural gas in US dollars. The bullish run started in 2020 as the market made a double bottom within the $1.50 area. By the end of 2020, the price action stalled, and consolidation began. A contracting triangle finally acted as a continuation pattern, and the bullish breakout that followed led to the sharp rally mentioned above. Why Is Natural Gas Rallying? Different countries charge different prices for natural gas, but now, the prices have one thing in common: they are rising all over the world. In Europe, for example, the natural gas price jumped to record levels, driven by factors such as Russian supply bottlenecks or lack of wind in the UK. The trend is likely to continue because natural gas is used for electricity generation, plus winter is coming soon. Additionally, Russia announced recently that it wouldn’t increase gas supply to Europe, so the pressure on higher prices remains. Let’s not forget that rising demand from Asian economies drives the price higher as well. As the post-COVID-19 economic recovery continues, the higher demand will result in more bottlenecks and shortages. In the UK, the situation is dire, too. The country uses 40% natural gas to meet its energy demands. This week, the UK natural gas wholesale price settled at the highest-ever closing level. If we transform the price of natural gas expressed in mBtu (i.e., million British thermal units) into oil equivalent, we get $150 per barrel of oil. All in all, while the rally in the natural gas price is nothing short of impressive, we may see more of the same in the months to come. As winter reaches the Northern Hemisphere, the pressure on natural gas prices remains elevated. FXOpen Blog

US Dollar Flexing Muscles Ahead Of The Fed’s Decision The US dollar ended the previous week with a bang, rising to new heights and outpacing its main peers. The new trading week saw a continuation of this march of triumph. Meanwhile, investors are preparing for what may prove to be the Fed meeting of the year. On Wednesday, the Federal Reserve is expected to announce the tapering of its asset purchases, a move already communicated to markets via its forward guidance model. Yet, even with this information in mind, it is quite hard to predict the market’s reaction. One of the things that bring uncertainty is the dot plot. Fed members are required to project the federal funds rate for the years ahead. The sum of their forecast is displayed on a chart in the form of dots. The number of rate hikes and, more importantly, their timing is what affects the way the financial markets move. Should the Fed members reveal an unexpected hawkish outlook, the dollar may grow even stronger. Risk-Off Sentiment Dominates Ahead of the Fed’s meeting and outcome announcement, a risk-off sentiment seems to be dominating the markets. Evergrande, a Chinese property developer, is on the verge of collapsing, and the government has no intention to bail the company out. The big question for financial market participants is: Will the collapse of Evergrande have an impact on the international financial system, or will it end up being a local event? In any case, part of the US dollar’s strength rides on the back of lower equities in the States. Moreover, futures markets are showing renewed weakness at the start of the trading week, so the dollar's growth prospects are good. All in all, this trading week will be packed with political events (i.e., Canadian and German federal elections) and central banks’ decisions (i.e., Federal Reserve, Bank of Japan, Bank of England, Swiss National Bank, etc.). In other words, volatility is guaranteed to reach new record levels. FXOpen Blog

Forex trading can start to give us the income if we are using the correct trading systems in doing our trades.

We will need to gather trading skills so that we can start making more income from our trades.

Forex market is a very big and also it is an international market for the traders to make the profits.

We can start doing the Efforts so that the risks in our trading will start coming down.

I am doing my Forex Trading with the International Broker FXopen They have Low Spreads in Gold and Forex Pairs with USD.

We can get success and make income if we are having the trading skills with us.

I am doing my Forex Trading with the International Broker FXopen They have Low Spreads in Gold and Forex Pairs with USD.

We can make the profits by using the right trading systems with our trades.

We can easily learn the trading skills with the help of the Demo trading accounts.

We can make a trading plan and we can then to our efforts so that we are getting the income from the foreign exchange market

Foreign exchange market is a very big and international market and it is suited for ideal investment

I am doing my Forex Trading with the International Broker FXopen They have Low Spreads in Gold and Forex Pairs with USD.

We can start earning income with the help of demo trading account and also learn the trading techniques

Germany’s DAX Grows From 30 to 40 Stocks DAX 30 (Mini) is to welcome ten new companies on September 20, 2021, thus becoming DAX 40 (Mini). FXOpen experts expect increased market volatility on September 17 and 20. It is highly likely that the expansion will be followed by more frequent and large dividend payments than we have previously seen. FXOpen Company News

GBP/USD Remains At Risk, USD/CAD Gains Momentum GBP/USD started a fresh decline below the 1.3850 support. USD/CAD rallied and it was able to clear the 1.2750 resistance zone. Important Takeaways for GBP/USD and USD/CAD The British Pound started a major decline below the 1.3850 and 1.3800 support levels. There is a key bearish trend line forming with resistance near 1.3770 on the hourly chart of GBP/USD. USD/CAD started a major increase after it cleared the 1.2700 and 1.2720 levels. There was a break above a contracting triangle with resistance near 1.2680 on the hourly chart. GBP/USD Technical Analysis After struggling to clear the 1.3900 resistance, the British Pound started a major decline against the US Dollar. The GBP/USD pair broke the 1.3850 support level to move into a bearish zone. The bears gained strength and were able to push the pair below the 1.3800 support. The pair even broke the 1.3750 support zone and the 50 hourly simple moving average. Finally, it spiked below 1.3720 and traded as low as 1.3701 on FXOpen. GBP/USD Hourly Chart It is now consolidating losses near the 1.3700 zone. An immediate resistance is near the 1.3725 level. It is near the 23.6% Fib retracement level of the recent drop from the 1.3812 high to 1.3701 low. The first major resistance is near the 1.3755 level. It is close to the 50% Fib retracement level of the recent drop from the 1.3812 high to 1.3701 low. There is also a key bearish trend line forming with resistance near 1.3770 on the hourly chart of GBP/USD. If there is an upside break above the trend line, the pair could recover above 1.3780. The next key resistance could be 1.3800 and the 50 hourly simple moving average, above which the pair could gain strength. On the downside, the first key support is near the 1.3700 area. If there is a break below 1.3700, the pair could decline extend its decline. The next key support is near the 1.3640 level. Any more losses might call for a test of the 1.3600 support. Read Full on FXOpen Company Blog...

Gold Price Nosedives While Crude Oil Price Extends Rally Gold price started a major decline and traded below the $1,785 support. Crude oil price is rising and it is broke the $72.00 resistance zone. Important Takeaways for Gold and Oil Gold price started a major decline from the $1,800 resistance zone against the US Dollar. There was a break below a short-term bullish trend line with support near $1,793 on the hourly chart of gold. Crude oil price started a fresh increase from the $70.00 support zone. There is a major bullish trend line forming with support near $72.00 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price failed to stay above the $1,800 support zone against the US Dollar. As a result, the price started a fresh decline below the $1,800 and $1,790 levels. The price gained pace after it broke the $1,785 support and the 50 hourly simple moving average. There was also a break below a short-term bullish trend line with support near $1,793 on the hourly chart of gold. Gold Price Hourly Chart The price declined below the $1,750 level and traded as low as $1,745 on FXOpen. It is now correcting higher and trading above $1,750. An immediate resistance is near the $1,760 level. It is near the 23.6% Fib retracement level of the recent decline from the $1,808 high to $1,745 swing low. The first major resistance is near the $1,775 level. The main resistance is near the $1,785 level and the 50 hourly simple moving average. A close above the $1,785 levels could open the doors for a steady increase towards $1,800. The next major resistance sits near the $1,810 level. Conversely, the price might resume its decline below the $1,750 level. The first major support is near the $1,745 level. A downside break below the $1,745 support zone may possibly spark a sharp decline. In the stated case, the price could test the $1,720 support. Read Full on FXOpen Company Blog...

Forex VPS Available to all FXOpen ECN, STP and CRYPTO account holders! Who can apply for FXOpen free Forex VPS? You can use FXOpen Forex VPS for free during 1 month if you: maintain equity of USD 5000 in your accounts at the end of the month; or have traded volumes of USD 10,000,000 (per calendar month). If these requirements are not met then a fee of USD 30 may be deducted from your eWallet or trading accounts. Advantages of FXOpen Forex VPS Accessibility: log into your MT4 platform from any computer anywhere in the world.Flexibility: expert Advisors continue running even when computer is switched off or the power/internet is off.Speed: cross-connected to FXOpen servers. FXOpen Company News

EUR/USD and EUR/JPY: Euro Remains At Risk EUR/USD started another decline below 1.1820. EUR/JPY is also declining and it broke the 129.80 support zone. Important Takeaways for EUR/USD and EUR/JPY The Euro failed to clear the 1.1880 resistance and started a fresh decline. There is a key bearish trend line forming with resistance near 1.1820 on the hourly chart. EUR/JPY also started a fresh decline from well above the 130.00 level. There was a break below a declining channel with support near 129.50 on the hourly chart. EUR/USD Technical Analysis The Euro started a major decline after it struggled to clear the 1.1880 resistance against the US Dollar. The EUR/USD pair broke the 1.1820 support zone to move into a bearish zone. The pair even traded below the 1.1800 support and settled below the 50 hourly simple moving average. A low was formed near 1.1769 on FXOpen and the pair is now correcting losses. There was a break above the 1.1800 level. The pair even spiked above the 1.1820 resistance level and a key bearish trend line with current resistance near 1.1820 on the hourly chart. However, the bulls failed to remain in action above 1.1835. A high was formed near 1.1845 and the pair declined once again. It traded below the 50% Fib retracement level of the upward move from the 1.1769 swing low to 1.1845 high. It is now consolidating near the 1.1800 level and the 50 hourly simple moving average. An immediate resistance is near the 1.1820 level. The main resistance is still forming near the 1.1840 and 1.1850 levels. A clear break above the 1.1850 resistance could push EUR/USD towards 1.1900. On the downside, the 1.1800 level is a major support. Any more losses might lead EUR/USD towards the 1.1750 support zone in the near term. The next major support sits near the 1.1720 level. Read Full on FXOpen Company Blog...

ForexCup Trading Championship 2021 Participant interview: Emirhan Gören We continue to introduce you to the ForexClub Trading Championship 2021 contestants. This time we are proud to present Emirhan Gören from Turkey, one of the most high-performance traders of the Championship, who demonstrated gains of more than 230%. In a quick round of questions, we asked Emirhan how he achieves such impressive results and what it means for him to be a full-time trader. Join the ForexCup Trading Championship 2021. Read Full on ForexCup ...