FXOpen Trader

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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.

We have to make use of such kind of trading based skills that will help us in earning the required profits.

If we are doing our trades on a longer term basis the income from such trades will also get increased.

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.

If we are having some trading based skills then our income from doing such trades can also get increased.

We will need to learn about the advantages of trading with the MT5 platforms.

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GBP/USD and USD/CAD At Risk of More Losses GBP/USD started a fresh decline below the 1.2560 support. USD/CAD is also moving lower and might extend losses below the 1.2550 support. Important Takeaways for GBP/USD and USD/CAD The British Pound started a fresh decline from the 1.2655 resistance zone. There is a major bearish trend line forming with resistance near 1.2540 on the hourly chart of GBP/USD. USD/CAD also started a fresh increase from well below the 1.2800 zone. There is a key bearish trend line forming with resistance near 1.2610 on the hourly chart. GBP/USD Technical Analysis After struggling to clear the 1.2655 resistance zone, the British Pound found started a fresh decline against the US Dollar. GBP/USD traded below the 1.2550 support level to move into a bearish zone. The bears gained strength for a move below the 1.2500 level and the 50 hourly simple moving average. The pair even spiked below the 1.2480 level and traded as low as 1.2477 on FXOpen. The pair is now consolidating losses above the 1.2480 level. GBP/USD Hourly Chart An immediate resistance is near the 1.2505 level. It is near the 23.6% Fib retracement level of the downward move from the 1.2589 swing high to 1.2477 low. The next key resistance is near the 1.2535 level. It is near the 50% Fib retracement level of the downward move from the 1.2589 swing high to 1.2477 low. There is also a major bearish trend line forming with resistance near 1.2540 on the hourly chart of GBP/USD. If there is an upside break above the 1.2540 zone, the pair could rise towards 1.2600. The next key resistance could be 1.2655, above which the pair could gain strength. On the downside, an initial support is near the 1.2475 area. The first major support is near the 1.2450 level. If there is a break below 1.2450, the pair could extend its decline. The next key support is near the 1.2400 level. Any more losses might call for a test of the 1.2320 support. Read Full on FXOpen Company Blog...

A Goal is a Dream with a Deadline How to Control your Losses Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

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AUD/USD and NZD/USD Remain Supported for More Gains AUD/USD extended increase above the 0.7200 resistance. NZD/USD is also showing a lot of positive signs above the 0.6500 level. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh increase from the 0.7150 support zone against the US Dollar. There was a break above a short-term contracting triangle with resistance near 0.7162 on the hourly chart of AUD/USD. NZD/USD also started a decent increase after it cleared the 0.6500 resistance zone. There was a move above a major bearish trend line with resistance near 0.6520 on the hourly chart of NZD/USD. AUD/USD Technical Analysis The Aussie Dollar formed a base above the 0.7150 level and started a fresh increase against the US Dollar. The AUD/USD pair gained pace for a move above the 0.7185 resistance zone. There was a break above a short-term contracting triangle with resistance near 0.7162 on the hourly chart of AUD/USD. The pair even settled above the 0.7240 level and the 50 hourly simple moving average. AUD/USD Hourly Chart It traded as high as 0.7282 on FXOpen and is currently correcting gains. There was a move below the 0.7270 support zone. However, the pair is still above the 23.6% Fib retracement level of the upward move from the 0.7140 swing low to 0.7282 high. On the downside, an initial support is near the 0.7250 level. The next support could be the 0.7230 level. The main support is near the 0.7210 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the upward move from the 0.7140 swing low to 0.7282 high. If there is a downside break below the 0.7210 support, the pair could extend its decline towards the 0.7150 level. Any more downsides might send the pair toward the 0.7080 level. On the upside, the AUD/USD pair is facing resistance near the 0.7280 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 0.7450. Read Full on FXOpen Company Blog...

ETHUSD AND LTCUSD Technical Analysis – 02nd JUNE, 2022 ETHUSD: Bearish Engulfing Pattern Below $2015 Ethereum was unable to sustain its bullish momentum last week and after touching a high of 2011 on 31st May started to decline heavily against the US Dollar. We can see a strong bearish momentum this week and this is putting downwards pressure on the prices of Ethereum below the 1850 handle in the European Trading session today. We can see the formation of a Major bearish trend line today on the hourly chart and the pair is poised to decline further given the weak investor sentiments. The prices touched an Intraday Low of $1794 in the Asian trading session and an Intraday High of $1843 in the European Trading session today. We can clearly see a Bearish Engulfing Pattern Below the $2015 handle which is a Bearish pattern and signifies the end of a Bullish phase and the start of a Bearish phase in the markets. ETH is now trading just above its Pivot levels of 1817 and is moving into a Strong bearish channel. The price of ETHUSD is now testing its Classic support levels of 1767 and Fibonacci support levels of 1805 after which the path towards 1700 will get cleared. Relative Strength Index is at 40 indicating a WEAK market and the continuation of the decline after the consolidation phase gets over. The STOCHRSI is indicating Oversold levels which means that the prices are due to correct upwards in the short-term range. ALL of the of the Technical indicators are giving a STRONG SELL market Signal. All of the Moving Averages are giving a STRONG SELL Signal and we are now looking at the levels of $1700 to $1600 in the short-term range. ETH is now trading Below its both the 100 Hourly and Exponential Moving Averages. Ether Bearish Reversal seen below the $2015 mark. Short-term range appears to be Strongly BEARISH. Daily RSI is Below 50 at 38 indicating a Bearish market. Average True Range is indicating HIGH Market Volatility. Ether Bearish Continuation Seen Below $2015 ETHUSD is now moving into a Strong Bearish channel with the prices trading below the $1850 handle in the European Trading session today. We can see the formation of a Major Bearish trend line in the hourly chart which suggests that further decline in the prices of Ethereum are expected. The prices of Ethereum are moving into a consolidation channel now and after the consolidation phase is over a further decline in its levels is expected. The key resistance levels to watch are $1919 and $2046 and the prices of ETHUSD need to cross these levels for a potential Bullish reversal. ETH has declined by 5.80% with a price change of 112$ in the past 24hrs and has a trading volume of 21.678 Billion USD. We can see an Increase of 22.75% in the total trading volume in last 24 hrs. which is due to the continuation of the selling pressure across the global markets. The Week Ahead The global investor sentiments are weak and they are not willing to enter into the markets now, which is the main reason for the continuous fall in the prices of the Ethereum. The delay in the implementation of the ETH 2.0 upgrade continues to affect the prices of Ethereum in the short-term range. The immediate short-term outlook for the Ether has turned as Strongly BEARISH, the medium-term outlook has turned BEARISH, 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 $1600 and $1800 and in the next week Ether is expected to enter into a Consolidation phase above the $1800 levels. Technical Indicators: Williams Percent Range: It is at -78.90 indicating a SELL. Moving Averages Convergence Divergence (12,26): It is at -16.00 indicating a SELL. Ultimate Oscillator: It is at 40.51 indicating a SELL. Rate of Price Change: It is at -4.16 indicating a SELL. Read Full on FXOpen Company Blog...

I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal