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Gold Price and Oil Price Could Extend Losses Gold price is struggling below the $1,850 resistance zone. Crude oil price is declining and might even trade below the $100 support zone. Important Takeaways for Gold and Oil Gold price struggled above $1,850 and corrected lower against the US Dollar. There was a break below a key bullish trend line with support near $1,825 on the hourly chart of gold. Crude oil price started a downside correction from the $116 and $118 resistance levels. There is a major bearish trend line forming with resistance near $104.00 on the hourly chart of XTI/USD. Gold Price Technical Analysis Gold price struggled to gain pace above the $1,850 resistance zone against the US Dollar. The price started a fresh decline and traded below the $1,840 pivot level. There was a clear move below the $1,825 support zone and the 50 hourly simple moving average. Besides, there was a break below a key bullish trend line with support near $1,825 on the hourly chart of gold. Gold Price Hourly Chart The price traded as low as $1,821 on FXOpen and the price is now consolidating losses. On the upside, the price is facing resistance near the $1,828 level. The 23.6% Fib retracement level of the downward move from the $1,846 swing high to $1,821 low is also near the $1,828 zone to act as a resistance. The main resistance is now forming near the $1,830 level. The 50% Fib retracement level of the downward move from the $1,846 swing high to $1,821 low is also near the $1,832 zone. A close above the $1,832 level could open the doors for a steady increase towards $1,850. The next major resistance sits near the $1,860 level. On the downside, an initial support is near the $1,820 level. The next major support is near the $1,805 level, below which there is a risk of a larger decline. In the stated case, the price could decline sharply towards the $1,780 support zone. Read Full on FXOpen Company Blog...

ETHUSD and LTCUSD Technical Analysis – 23rd JUNE, 2022 ETHUSD – Bullish Harami Pattern Above $936 Ethereum was unable to sustain its bearish momentum and after touching a low 893 on 18th June started to correct upwards against the US Dollar. We can see that the prices have recovered from its lows and a pullback action is seen at levels below $1000. We can see the formation of a Bullish Ascending channel below the $1000 handle and now we are looking at $1100 and $1250 as the immediate targets. The prices touched an Intraday Low of $1046 in the Asian Trading session and an Intraday High of $1107 in the European Trading session today. We can clearly see a Bullish Harami Pattern Above the $936 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 above its Pivot levels of 1096 and is moving into a Strong Bullish channel. The price of ETHUSD is now testing its Classic resistance levels of 1101 and Fibonacci resistance levels of 1110 after which the path towards 1200 will get cleared. Relative Strength Index is at 52 indicating a NEUTRAL market and the shift towards the consolidation phase in the markets. Both the STOCHRSI and Williams Percent Range are indicating Overbought levels, which means that the prices are due to correct downwards in the short-term range. ALL of the of the Technical indicators are giving a STRONG BUY market Signal. Most of the Moving Averages are giving a BUY Signal and we are now looking at the levels of $1100 to $1250 in the short-term range. ETH is now trading Above its both the 100 Hourly Simple and Exponential Moving Averages. Ether Bullish Reversal seen Above the $936 mark. Short-term range appears to be Strongly BULLISH. ETH is poised for an upwards Rally against the US Dollar. Average True Range is indicating LESS Market Volatility. Ether Bullish Reversal Seen Above $936 ETHUSD is now moving into a Strong Bullish Channel with the prices trading above the $1100 handle in the European Trading session today. The On Balance Volume is indicating that the demand from the buyers and sellers is in equilibrium, meaning that the present prices of Ether are moving into a consolidation phase. Now we are looking at the possibility of a Rally into the markets which could push the prices of Ether above the $1500 levels soon. The key resistance levels to watch are $1275 and $1300 and the prices of ETHUSD need to cross these levels for the continuation of the Bullish reversal. ETH has increased by 1.50% with a price change of 16$ in the past 24hrs and has a trading volume of 14.913 Billion USD. We can see an Increase of 3.86% in the total trading volume in last 24 hrs. which appears to be Normal. The Week Ahead The global investor sentiments have improved as we can see a recovery of almost 30% from a low of $893 to a high of $1189 reached yesterday. The prices of Ethereum continue to remain above the important psychological support levels of $1000 and we can witness an upwards Rally into the markets in the next week. The immediate short-term outlook for the Ether has turned as Strongly BULLISH, the medium-term outlook has turned NEUTRAL, and the long-term outlook for Ether is NEUTRAL in present market conditions. In this week Ether is expected to move in a range between the $1100 and $1250 and in the next week Ether is expected to enter into a Consolidation phase above the $1250 levels. Technical Indicators: STOCH (9,6): It is at 76.59 indicating a BUY. Average Directional Change(14days): It is at 23.69 indicating a BUY. Rate of Price Change: It is at 3.61 indicating a BUY. Commodity Channel Index(14days): It is at 129.70 indicating a BUY. Read Full on FXOpen Company Blog...

EUR/USD Could Rise, USD/JPY Remains In Strong Uptrend EUR/USD struggled near 1.0580 and corrected lower. USD/JPY is rising and might continue to gain pace towards the 138.00 resistance Important Takeaways for EUR/USD and USD/JPY The Euro started a downside correction after it failed to surpass 1.0580. There is a key bullish trend line forming with support near 1.0505 on the hourly chart of EUR/USD. USD/JPY gained pace after it broke the 135.00 resistance zone. It surpassed a major bearish trend line with resistance near 135.35 on the hourly chart. EUR/USD Technical Analysis This past week, the Euro started a decent recovery wave above the 1.0500 level against the US Dollar. The EUR/USD pair cleared the 1.0520 and 1.0550 resistance levels. However, the pair faced sellers near the 1.0580 level. A high was formed near 1.0582 on FXOpen and EUR/USD started a downside correction. There was a move below the 1.0520 support and the 50 hourly simple moving average. EUR/USD Hourly Chart The pair even spiked below the 50% Fib retracement level of the upward move from the 1.0444 swing low to 1.0582 high. However, the bulls are now protecting the 1.0500 support zone. There is also a key bullish trend line forming with support near 1.0505 on the hourly chart of EUR/USD. The trend line is close to the 61.8% Fib retracement level of the upward move from the 1.0444 swing low to 1.0582 high. An immediate resistance on the upside is near the 1.0530 level the 50 hourly simple moving average. The next major resistance is near the 1.0550 level. The main resistance is near the 1.0580 level. An upside break above 1.0580 could set the pace for a steady increase. If not, the pair might drop and test the 1.0480 support. The next major support is near 1.0450, below which the pair could drop to 1.0400 in the near term. Read Full on FXOpen Company Blog...

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Aim Higher, Stay Focused Supply & Demand versus S/R levels Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

BTCUSD and XRPUSD Technical Analysis – 21st JUNE 2022 BTCUSD – Rounding Bottom Pattern Above $17600 Bitcoin was unable to sustain its bearish momentum and after touching a low of 17678 on 18th June started to correct upwards and is now trading above $21000 handle in the European Trading session. We can see that after touching an 18-month low the prices of Bitcoin have pulled back due to the buying seen at lower levels from the long-term investors. Bitcoin entered into a Consolidation channel above the $18000 handle and continues to rise above these levels. The Global demands for Bitcoin have improved now and the prices are expected to cross $22000 levels. We can clearly see a Rounding Bottom Pattern Above the $17600 handle which is a Bullish reversal pattern because it signifies the end of a Downtrend and a shift towards an Uptrend. Both the STOCH and STOCHRSI are indicating Overbought levels which means that in the immediate short term a decline in the prices is expected. Relative Strength Index is at 66 indicating a STRONGER demand for the Bitcoin at the current market levels. Bitcoin is now moving Above its 100 hourly Simple Moving average and its 200 hourly Simple Moving averages. All of the Major Technical Indicators are giving a STRONG BUY Signal, which means that in the immediate short term we are expecting targets of 22000 and 23500. Average True Range is indicating LESS Market Volatility with a Strong Bullish Momentum. Bitcoin Bullish Reversal seen Above $17600. Williams Percent Range is Indicating OVERBOUGHT Levels. The price is now trading just Above its Pivot Levels of $21263. All of the Moving Averages are giving a STRONG BUY market signal. Bitcoin Bullish Reversal Seen Above $17600 The prices of Bitcoin have entered into a consolidation channel above the $18000 handle and the pullback seen is expected to continue touching levels of $22000. We can see the formation of a Rising Trend channel above the $18000 handle and now we are looking at the projected levels of $22000 and $24000. The immediate short-term outlook for Bitcoin is Strong Bullish, Medium-term outlook has turned as Bullish, and the long-term outlook remains Neutral under present market conditions. Bitcoin continues to consolidate above its important support levels of $21000 and further appreciation in its prices is expected in the US Trading session. The price of BTCUSD is now facing its Classic resistance levels of 21486 and Fibonacci resistance levels of 21633 after which the path towards 22000 will get cleared. In the last 24hrs BTCUSD has increased by 3.43% by 705$ and has a 24hr trading volume of USD 32.005 Billion. We can see a Decrease of 12.38% in the Trading volume as compared to yesterday, which is due to the buying by the long-term investors. The Week Ahead The prices of Bitcoin are moving in a Strong Bullish momentum and the immediate targets are $22000 and $23500 The Daily RSI is printing at 31 which means that the medium range demand continues to be WEAK. We can see that the prices of Bitcoin have stabilized above the $21000 handle and now we are looking at the important support levels of $21237 and $21305. The prices of BTCUSD will need to remain above the important support levels of $21000 this week. Weekly outlook is projected at $22500 with a consolidation zone of $21000. Technical Indicators: Moving Averages Convergence Divergence (12,26): It is at 279 indicating a BUY. Ultimate Oscillator: It is at 64.37 indicating a BUY. Rate of Price Change: It is at 5.69 indicating a BUY. Commodity Channel Index(14days): It is at 171.10 indicating a BUY. Read Full on FXOpen Company Blog...

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I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

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I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

We will need to use some controls while doing our trades into the Forex markets.

I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals

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GBP/USD Faces Resistance While EUR/GBP Eyes More Gains GBP/USD started a fresh increase above the 1.2150 resistance. EUR/GBP is showing positive signs above the 0.8550 resistance zone. Important Takeaways for GBP/USD and EUR/GBP The British Pound started a decent increase above 1.2150 against the US Dollar. There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of GBP/USD. EUR/GBP is holding the 0.8580 support but struggling above 0.8600. There is a major bullish trend line forming with support near 0.8570 on the hourly chart. GBP/USD Technical Analysis The British Pound remained well bid above the 1.1920 zone against the US Dollar. The GBP/USD pair started a decent increase after it broke the 1.2000 resistance. There was a clear move above the 1.2100 level and the 50 hourly simple moving average. The bulls were even able to clear the 1.2150 resistance. However, the pair struggled near the 1.2400 resistance and started a downside correction. GBP/USD Hourly Chart There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of GBP/USD. The pair traded below the 38.2% Fib retracement level of the upward move from the 1.1933 swing low to 1.2406 high (formed on FXOpen). The pair tested the 50% Fib retracement level of the upward move from the 1.1933 swing low to 1.2406 high. It is now rising and trading above the 1.2240 level. On the upside, an initial resistance is near the 1.2280 level. The next main resistance is near the 1.2320 zone. A clear upside break above the 1.2320 and 1.2330 resistance levels could open the doors for a steady increase in the near term. The next major resistance sits near the 1.2400 level. If not, the pair might start a fresh decline below 1.2180. The next major support is near the 1.2150 level. Any more losses could lead the pair towards the 1.2050 support zone or even 1.2020. Read Full on FXOpen Company Blog...

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I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets They are a True ECN Forex Brokers.