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EUR/USD and USD/CHF Eye Steady Increase EUR/USD is struggling to clear the 1.0050 resistance zone. USD/CHF is rising and might climb higher towards the 0.9800 resistance zone. Important Takeaways for EUR/USD and USD/CHF The Euro is facing a strong resistance near the 1.0050 zone against the US Dollar. There is a key bearish trend line forming with resistance near 1.0035 on the hourly chart of EUR/USD. USD/CHF started a fresh increase after it cleared the 0.9680 resistance zone. There was a break above a key contracting triangle with resistance near 0.9682 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro saw a major decline below the 1.0000 support against the US Dollar. The EUR/USD pair declined below the 0.9950 support level before the bulls appeared. The pair formed a base above the 0.9900 level and recently started an upside correction. There was a move above the 0.9920 and 0.9950 resistance levels. The pair climbed above the 1.0000 level and the 50 hourly simple moving average. EUR/USD Hourly Chart The pair traded above the 50% Fib retracement level of the downward move from the 1.0089 swing high to 0.9914 low. It is now consolidating above the 1.0020 level. An immediate resistance is near the 1.0040 level. There is also a key bearish trend line forming with resistance near 1.0035 on the hourly chart of EUR/USD. The next major resistance is near the 1.0050 level. It is near the 76.4% Fib retracement level of the downward move from the 1.0089 swing high to 0.9914 low. A clear move above the 1.0050 resistance zone could set the pace for a larger increase towards 1.0100. The next major resistance is near the 1.0150 zone. On the downside, an immediate support is near the 1.0000 level. The next major support is near the 0.9950 level. A downside break below the 0.9950 support could start another decline. VIEW FULL ANALYSIS VISIT - FXOpen Blog

Dear FTC participants and followers! FTC is a dynamic competition, and our standings are constantly changing, showing that anyone can become a winner if they apply their skills to the current market situation. Andrei Civga, who has recently set a new championship record, has been displaced by Seyit Altuntas from Turkey, who now ranks first in the championship. Also, a new participant joined the championship. Andrea Marenda from Switzerland is an avid and experienced trader. We wish each trader participating in the championship good luck and a confident performance. Join the FTC and compete with the best! Best Regards, ForexCup Team

Goals are Dreams brought to Life Get the Support for NEW Traders Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum #fxopenforum #forextrading #cryptotrading #learnforex Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

Failure, Loss are just Mile markers on the Road to Success The mindset of Gambling in the Forex Market Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum #fxopenforum #forextrading #cryptotrading #learnforex Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

It's not as gloomy as it looks! FTSE 100 down, but not as low as 6 months ago The stock market news over the past few days has been awash with coverage of the perceived low point to which the FTSE 100 index in the United Kingdom has fallen recently. At the close of trading on the London session on Friday last week, the FTSE 100, which is the index consisting of the 100 most prestigious blue-chip stocks of publicly listed companies on the London Stock Exchange, sat at 7,427.31 points. The overall view is that this close places it 'firmly in the red', which is certainly the case when looking at the past week in which, aside from a very sudden dip to 7,412 on Wednesday before a quick rebound, this close represents a 123 point downturn over the five day moving average. Commentary on the FTSE 100's current situation is generally centered around reports on the continual increase in inflation across many Western markets, and some conclusions are being drawn that activity across the Atlantic in the United States has had some negative effect as markets digest the Fed's response to rising inflation at the Jackson Hole central bank meet. However, the whilst there is certainly a current dip over the short term in the buoyancy of the FTSE 100 index, when looking over a six month period, a different picture emerges. At the beginning of August, just three weeks ago, the FTSE 100 index was trading at 7,409 which is considerably lower than the close on Friday last week which has drawn so much attention. Back in March, it was down to 6,959 which is a transgression of the 7,000 mark which the FTSE 100 index has been trading above since the middle of 2021 when it rallied and all eyes were focused on the 7,000 point value which was a milestone. In the middle of 2021, there were schools of thought which considered that thee FTSE 100 could sustain a move higher than the 7,000 mark due to the inflows from foreign investors. Ever since Brexit in 2016, there has been a reluctance of foreign investors (private and institutional) to allocate money towards the FTSE 100 and other UK assets. The reduction in uncertainty had been helped by the Brexit deal in late 2020. Therefore, when considering the overall situation which surrounds the value of the FTSE 100 index, there is certainly a fair amount of volatility, and certain industry sectors which have a number of companies listed on the FTSE 100 index such as the airline industry, have been experiencing a significant amount of disruption recently, however the overall picture over a longer term does not look anywhere near as gloomy as the current mood suggests. What it does show is that volatility has been sustained in the usually steady index and has been present for quite some time now. VIEW FULL ANALYSIS VISIT - FXOpen Blog

GBP/USD Nosedives While USD/CAD Gains Strength GBP/USD accelerated lower below the 1.1850 and 1.1750 support levels. USD/CAD is surging and could continue to rise above the 1.3075 resistance zone. Important Takeaways for GBP/USD and USD/CAD The British Pound started a major decline below the 1.1850 support zone. There is a key bearish trend line forming with resistance near 1.1830 on the hourly chart of GBP/USD. USD/CAD started a fresh increase above the 1.3000 resistance zone. There was a break above a major bearish trend line with resistance near the 1.2970 on the hourly chart. GBP/USD Technical Analysis After a strong rejection near 1.2000, the British Pound started a fresh decline against the US Dollar. GBP/USD declined heavily below the 1.1920 support zone. There was a move below the 1.1850 support zone and the 50 hourly simple moving average. The pair even traded below the 1.1750 support zone and formed a low near 1.1655. It is now consolidating losses above the 1.1650 level. GBP/USD Hourly Chart An immediate resistance is near the 1.1710 level. It is near the 23.6% Fib retracement level of the downward move from the 1.1900 swing high to 1.1655 low. The next key resistance is near the 1.1780 level. It is near the 50% Fib retracement level of the downward move from the 1.1900 swing high to 1.1655 low. The main resistance is now forming near the 1.1820 zone. Besides, there is a key bearish trend line forming with resistance near 1.1830 on the hourly chart of GBP/USD. If there is an upside break above the 1.1820 zone, the pair could rise towards 1.1900. The next key resistance could be 1.1950, above which the pair could gain strength. On the downside, an initial support is near the 1.1650 area. The first major support is near the 1.1620 level. If there is a break below 1.1620, the pair could extend its decline. The next key support is near the 1.1550 level. Any more losses might call for a test of the 1.1500 support. VIEW FULL ANALYSIS VISIT - FXOpen Blog

AUD/USD Aims Higher While NZD/USD Faces Resistance AUD/USD is gaining pace above the 0.6950 resistance. NZD/USD is struggling to clear a key barrier near the 0.6250 resistance. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh increase above the 0.6950 resistance zone against the US Dollar. There is a short-term contracting triangle forming with support near 0.6955 on the hourly chart of AUD/USD. NZD/USD started an upside correction from the 0.6160 support zone. There is a connecting bearish trend line forming with resistance near 0.6230 on the hourly chart of NZD/USD. AUD/USD Technical Analysis The Aussie Dollar formed a base above the 0.6850 and 0.6860 levels against the US Dollar. The AUD/USD pair started a steady increase after it cleared the 0.6900 resistance zone. There was a clear move above the 0.6920 resistance and the 50 hourly simple moving average. The pair even broke the 0.6950 hurdle and traded as high as 0.6991 on FXOpen. Recently, there was a minor downside correction below the 0.6980 level. AUD/USD Hourly Chart The pair dipped below the 23.6% Fib retracement level of the upward move from the 0.6879 swing low to 0.6991 high. However, the pair stayed above the 0.6950 level and the 50 hourly simple moving average. There is also a short-term contracting triangle forming with support near 0.6955 on the hourly chart of AUD/USD. On the downside, an initial support is near the 0.6955 level. The next support could be the 0.6935 level. It is near the 50% Fib retracement level of the upward move from the 0.6879 swing low to 0.6991 high. If there is a downside break below the 0.6935 support, the pair could extend its decline towards the 0.6850 level. On the upside, the AUD/USD pair is facing resistance near the 0.6975 level. The next major resistance is near the 0.7000 level. A close above the 0.7000 level could start a steady increase in the near term. The next major resistance could be 0.7080. VIEW FULL ANALYSIS VISIT - FXOpen Blog

ETHUSD and LTCUSD Technical Analysis – 25th AUG, 2022 ETHUSD: Bullish Harami Pattern Above $1523 Ethereum was unable to sustain its bearish momentum and after touching a low of 1529 on 20th Aug started to correct upwards, crossing the $1700 handle in the European trading session today. We can see a continuous appreciation in the prices of Ethereum due to the buying seen at lower levels by the medium-term investors. We can clearly see a bullish harami pattern above the $1523 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just below its pivot level of 1709 and moving into a strongly bullish channel. The price of ETHUSD is now testing its classic resistance level of 1713 and Fibonacci resistance level of 1718 after which the path towards 1800 will get cleared. The relative strength index is at 63 indicating a STRONG demand for Ether and the continuation of the uptrend in the markets. We can see that the adaptive moving average, AMA100, is indicating a bullish trend reversal in both the 2-hour and 4-hour timeframes. The Williams percent range is indicating an OVERBOUGHT market, which means that the prices are expected to correct downwards in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. All of the moving averages are giving a STRONG BUY signal and we are now looking at the levels of $1800 to $1900 in the short-term range. ETH is now trading Above its 100 hourly simple and exponential moving averages. Ether: bullish reversal seen above the $1523 mark Short-term range appears to be strongly BULLISH ETH continues to remain above the $1600 level The average true range is indicating LESS market volatility Ether: Bullish Reversal Seen Above $1523 ETHUSD is now moving into a strong bullish channel with the prices trading above the $1600 handle in the European trading session today. ETH touched an intraday low of 1652 in the Asian trading session and an intraday high of 1715 in the European trading session today. We have seen a bullish opening with a gap in the markets which indicates that now we are heading towards the $1800 mark. The daily RSI is printing at 50 indicating a neutral demand in the long-term range. Ethereum continues to move in a rising trend channel which is expected to continue in the medium-term range. The key support levels to watch are $1600 and $1660, and the price of ETHUSD need to remain above these levels for the continuation of the bullish reversal in the markets. ETH has increased by 3.91% with a price change of 64$ in the past 24hrs and has a trading volume of 16.144 billion USD. We can see a decrease of 10.39% in the total trading volume in the last 24 hrs which appears to be normal. The Week Ahead We can see a continuous progression of a bullish trendline formation from 1523 towards the 1762 levels. The price of Ethereum is now testing its resistance zone located at $1800 and we are likely to witness a rally in the price once it touches these levels. The immediate short-term outlook for Ether has turned strongly BULLISH, the medium-term outlook has turned NEUTRAL, and the long-term outlook for Ether is NEUTRAL in present market conditions. The prices of ETHUSD will need to remain above the important support level of $1600 this week. The weekly outlook is projected at $1950 with a consolidation zone of $1800. Technical Indicators: The relative strength index (14): at 62.26 indicating a BUY The moving averages convergence divergence (12,26): at 15.03 indicating a BUY The rate of price change: at 1.03 indicating a BUY The ultimate oscillator: at 60.70 indicating a BUY VIEW FULL ANALYSIS VISIT - FXOpen Blog

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EUR/USD Nosedives, USD/JPY Aims More Upsides EUR/USD started another decline from the 1.0200 resistance. USD/JPY is rising and might gain pace above the 138.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY The Euro started a fresh decline and even traded below the 1.0000 support. There was a break above a key bearish trend line with resistance near 0.9955 on the hourly chart of EUR/USD. USD/JPY started a fresh increase after it broke the 133.50 resistance zone. There was a break above a major bearish trend line with resistance near 134.00 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro started a fresh decline from well above the 1.0180 level against the US Dollar. The EUR/USD pair declined below the 1.0150 and 1.0120 support levels. The bears even pushed the pair below the 1.0050 level. There was a close below 1.0000 and the 50 hourly simple moving average. The pair traded as low as 0.9898 and recently started a minor upside correction. EUR/USD Hourly Chart There was a move above the 23.6% Fib retracement level of the downward move from the 1.0203 swing high to 0.9898 low. Besides, there was a break above a key bearish trend line with resistance near 0.9955 on the hourly chart of EUR/USD. However, the pair struggled to clear the 1.0000 resistance zone and the 50 hourly simple moving average. An immediate resistance on the upside is near the 0.9970 level. The next major resistance is near the 1.0000 level. An upside break above 1.0000 could set the pace for a steady increase. In the stated case, the pair might revisit 1.0050. It is near the 50% Fib retracement level of the downward move from the 1.0203 swing high to 0.9898 low. If not, the pair might drop and test the 0.9920 support. The next major support is near 0.9900, below which the pair could drop to 0.9850 in the near term. VIEW FULL ANALYSIS VISIT - FXOpen Blog

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