FXOpen Trader

We can get income from doing our trades in the Forex markets with Hard Work.

Forex trading is a type of business that needs more planning and efforts from the traders.

GBP/USD and EUR/GBP Eye Key Upside Break GBP/USD started a steady increase above the 1.3700 resistance. EUR/GBP is consolidating gains above the 0.8550 support zone. Important Takeaways for GBP/USD and EUR/GBP The British Pound gained pace above the 1.3680 and 1.3700 resistance levels. There was a break above a key bearish trend line with resistance near 1.3720 on the hourly chart of GBP/USD. EUR/GBP started a decent increase and it settled above the 0.8550 pivot level. There is a major bullish trend line forming with support near 0.8565 on the hourly chart. GBP/USD Technical Analysis The British Pound formed a base above the 1.3620 zone against the US Dollar. As a result, the GBP/USD pair started a steady increase above the 1.3680 resistance zone. The pair even broke the 1.3700 resistance and it settled above the 50 hourly simple moving average. There was also a break above a key bearish trend line with resistance near 1.3720 on the hourly chart of GBP/USD. The pair is now struggling to clear the 1.3900 resistance barrier. A high is formed near 1.3780 level on FXOpen and the pair is consolidating gains. There was a dip to the 23.6% Fib retracement level of the upward move from the 1.3679 swing low to 1.3780 high. The first key support is near the 1.3730 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the 1.3679 swing low to 1.3780 high. Any more losses could lead the pair towards the 1.3680 support zone. On the upside, an immediate resistance is near the 1.3780 level. The main resistance is near the 1.3800 zone. Therefore, a proper break above the 1.3900 resistance could open the doors for a steady increase. The next major resistance for the bulls could be 1.4000. An intermediate resistance is seen near the 1.3950 level. Read Full on FXOpen Company Blog...

FXOpen lets you enjoy zero commission trading and free deposits As a broker that values each and every client, FXOpen is constantly working to make your trading even more enjoyable and gainful. Pay nothing to deposit via Card or WebMoney, as we are lifting the 3.5% fee on any card or WebMoney deposits for the entirety of September! What’s more, when your net deposit goes over $2000, you will be able to trade commission free until 30th September*. To activate the promotion, contact our Customer Support team right after you make your deposit. A reminder on how to fund your account: Log into the MY FXOpen area >> select Add Funds. Fund your account now! or find out more here. Don’t miss your chance to save your money by trading with FXOpen! FXOpen Company News

FXOpen continues perfecting TickTrader In July, FXOpen launched its own product, the TickTrader platform. A month later, we are proud to announce that the platform's functionality has expanded. The number of available stock and ETF CFDs is already more than 500, and we have just added more popular instruments: iShares Russell 2000 Growth ETF (IWO) Autonomous Technology & Robotics ETF (ARKQ) Next Generation Internet ETF (ARKW) Genomic Revolution ETF (ARKG) Fintech Innovation ETF (ARKF) The 3D Printing ETF (PRNT) Israel Innovative Technology ETF (IZRL) Space Exploration & Innovation ETF (ARKX) Coinbase Global Inc (COIN) iShares MSCI South Korea ETF (EWY) Robinhood Markets Inc (HOOD) Join thousands of traders who have already chosen TickTrader and enjoy convenient and secure trading. Want to learn more about TickTrader? Just follow this link: TickTrader Trading Platform. Why are we so certain that traders will choose TickTrader? It’s simple: We know what traders want and why they want it. FXOpen's TickTrader allows even the most rigorous traders to realize their full potential, and opens up countless opportunities for them. With a single log-in, you’ll be able to combine trading forex, crypto, stocks, indices, and commodities within one trading account. With a single (double, at most) click, you’ll save the precious seconds that make all the difference in the constantly changing markets. Gary Thomson, COO at FXOpen UK who oversaw TickTrader's development, has this to say about our latest product: “We want traders to make money, that's the whole point of our functioning model. We also want them to be as calm and confident as possible about their trading routine and given how easy the platform is to adopt and use, we believe it meets the needs of every type of trader, from retail to institutional.” FXOpen Company News

Gold Price and Crude Oil Price Extend Gains Gold price started a fresh increase after it tested the $1,780 support. Crude oil price is rising and it is trading above the $65.00 support zone. Important Takeaways for Gold and Oil Gold price started a decent increase from the $1,780 support zone against the US Dollar. There was a break above a key bearish trend line with resistance near $1,792 on the hourly chart of gold. Crude oil price started a fresh increase from the $61.50 support zone. There is a major contracting triangle forming with resistance near $68.00 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price formed a strong support base above the $1,780 zone against the US Dollar. As a result, the price started a fresh increase above the $1,785 and $1,790 resistance levels. There was a break above a key bearish trend line with resistance near $1,792 on the hourly chart of gold. The price surpassed the 50% Fib retracement level of the downward move from the $1,809 swing high to $1,780 swing low (formed on FXOpen). The price is now trading above $1,790 and the 50 hourly simple moving average. An immediate resistance is near the $1,798 and $1,800 levels. The 50% Fib retracement level of the downward move from the $1,809 swing high to $1,780 swing low is also near the $1,798 level. A close above the $1,798 and $1,800 levels could open the doors for a steady increase towards $1,820. Conversely, the price might correct lower below $1,795. An initial support on the downside is near the $1,790 level and the 50 hourly simple moving average. The first major support is near the $1,780 level. A downside break below the $1,780 support zone may possibly spark a sharp decline. In the stated case, the price could test the $1,750 support. Read Full on FXOpen Company Blog...

EUR/USD Aims Higher While USD/JPY Faces Hurdles EUR/USD found support near 1.1665 and started an upside correction. USD/JPY is facing a major resistance near 109.85, followed by 110.00. Important Takeaways for EUR/USD and USD/JPY The Euro started an upside correction above 1.1700 and 1.1720. There was a break above a key bearish trend line with resistance near 1.1735 on the hourly chart of EUR/USD. USD/JPY started a fresh increase, but it is struggling to clear the 110.00 resistance. There is a major bullish trend line forming with support near 109.60 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro saw a major decline below 1.1800 against the US Dollar. The EUR/USD pair broke the 1.1750 support zone to move into a bearish zone. The pair settled below the 1.1750 level and the 50 hourly simple moving average. It even broke the 1.1700 support level and traded as low as 1.1663 on FXOpen. It is now correcting higher above the 1.1700 resistance level. There was a break above the 50% Fib retracement level of the key decline from the 1.1804 swing high to 1.1663 low. There was also a break above a key bearish trend line with resistance near 1.1735 on the hourly chart of EUR/USD. The pair is now consolidating above 1.1730 and the 50 hourly simple moving average. An immediate resistance is near the 1.1760 level. The first key resistance is near the 1.1770 level. It is near the 76.4% Fib retracement level of the key decline from the 1.1804 swing high to 1.1663 low. The main resistance is near the 1.1800 level. A close above 1.1800 could open the doors for a steady increase towards 1.1850. If there is no break above 1.1760, the pair might continue to move down below 1.1720. An intermediate support is near the 1.1700 level. The next major support is near the 1.1665 level, below which the pair could drop towards the 1.1600 support in the near term. Read Full on FXOpen Company Blog...

AUD/USD Technical Analysis 23rd August 2021 The Aussie Dollar extended its decline and it tested the 0.7100 zone against the US Dollar. The AUD/USD pair traded as low as 0.7106 and it is now attempting an upside correction. It recovered above the 0.7130 level, but it is facing many hurdles near the 50 hourly simple moving average. There is also a key bearish trend line forming with resistance near 0.7165 on the hourly chart. A clear break above the trend line resistance could lead the pair towards the 0.7200 resistance. The next major resistance for the bulls could be 0.7220. If the pair fails to clear the trend line resistance, it could start a fresh decline below 0.7130. The next major support is near the 0.7100 level, below which there is a risk of a larger decline in the near term. FXOpen Blog

Gold Price Eyes More Gains, Crude Oil Price Faces Hurdles Gold price started a fresh increase after it tested the $1,680 support. Crude oil price declined and tested the $62.50 support zone. Important Takeaways for Gold and Oil Gold price started a major increase after a sharp decline to $1,680 against the US Dollar. A key bullish flag is forming with resistance near $1,790 on the hourly chart of gold. Crude oil price started a fresh decline from well above the $70.00 zone. There is a major bearish trend line forming with resistance near $66.00 on the hourly chart of XTI/USD. Gold Price Technical Analysis Recently, gold price saw a sharp decline below the $1,750 support against the US Dollar. The price even broke the $1,720 and $1,700 support levels. However, the bulls were active near the $1,680 zone. A support base was formed above $1,680 and the price started a strong increase. There was a clear break above the $1,720 resistance zone. The bulls were able to push the price above the $1,750 level and the 50 hourly simple moving average. A high was formed near $1,795 on FXOpen and the price is now consolidating gains. It traded below the $1,780 level. However, the bulls are protecting the 23.6% Fib retracement level of the upward move from the $1,717 swing low to $1,795 high. There is also a key bullish flag forming with resistance near $1,790 on the hourly chart of gold. If there is an upside break above the channel resistance, the price could even surpass the $1,800 resistance. The next major resistance could be near the $1,825 level. Conversely, the price might correct lower further below $1,778. An initial support on the downside is near the $1,765 level. The first major support is near the $1,758 level. It is near the 50% Fib retracement level of the upward move from the $1,717 swing low to $1,795 high. Read Full on FXOpen Company Blog...

Trading hours schedule for Summer Bank Holiday in UK Dear Traders, Due to the UK Summer Bank Holiday on 30th August, you will experience the following changes in the trading hours schedule: Friday, August 27th, 2021 Indices CFD: UK 100 (#UK100): trading ends at 23:00 GMT+3. All other markets will be open for trading as usual. Monday, August 30th, 2021 Indices CFD: UK 100 (#UK100): trading closed. All other markets will be open for trading as usual. Tuesday, August 31st, 2021 Indices CFD: UK 100 (#UK100): trading starts at 03:00 GMT+3. All other markets will be open for trading as usual. Please take these changes into consideration when planning your trading activities for the upcoming week. FXOpen Company News

EUR/USD and EUR/JPY: Euro Eyes Recovery EUR/USD extended its decline and tested the 1.1700 support zone. EUR/JPY is currently attempting an upside correction above the 128.40 resistance. Important Takeaways for EUR/USD and EUR/JPY The Euro extended its decline below the 1.1750 and 1.1720 support levels. There was a break below a key contracting triangle with support near 1.1765 on the hourly chart. EUR/JPY also gained bearish momentum below the 129.00 support zone. There is a major bearish trend line forming with resistance near 128.40 on the hourly chart. EUR/USD Technical Analysis The Euro started a major decline after it struggled to clear the 1.1800 resistance against the US Dollar. The EUR/USD pair broke the 1.1750 support zone to move into a bearish zone. There was also a break below a key contracting triangle with support near 1.1765 on the hourly chart. The pair traded below the 1.1720 support and settled below the 50 hourly simple moving average. A low is formed near 1.1702 on FXOpen and the pair is now correcting losses. There was a break above the 1.1715 level. An immediate resistance is near the 1.1725 level. It is near the 23.6% Fib retracement level of the recent decline from the 1.1804 high to 1.1702 low. The main resistance is still forming near the 1.1740 and 1.1750 levels. It is near the 50% Fib retracement level of the recent decline from the 1.1804 high to 1.1702 low. A clear break above the 1.1750 resistance could push EUR/USD towards 1.1800. On the downside, the 1.1700 level is a major support. Any more losses might lead EUR/USD towards the 1.1650 support zone. The next major support sits near the 1.1620 level. Read Full on FXOpen Company Blog...

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