FXOpen Trader

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

We will need to s tart doing our trades with the help of a Reliable trading based broker.

If we are doing some mistakes then we will need to learn how to minimize them.

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

We will need to keep our trading accounts secured.

We should make some Efforts so that the results we are getting will also get increased.

We will need to start doing our trades with the use of the stop loss settings.

We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen

You can start trading in the Forex Markets with a Deposit of 100USD in ECN Account of FXOpen Broker

Will have to make use of a trading plan that can work for us.

It is very important for the traders to make use of their skills

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 will help to increase our foreign exchange exposure and skills

To become of foreign exchange traded we have to do a lot of hard work

We will need to make a lot of effort in learning about foreign exchange markets

In the Europe a lot of activity is going on and we would need to learn about it

Gold Price And Crude Oil Price Hold Key Support Gold price is trading above a major support near $1,850. Similarly, crude oil price must stay above $94.30 to remain in a positive zone. Important Takeaways for Gold and Oil Gold price started a downside correction from the $2,070 high against the US Dollar. There is a major bullish trend line forming with support near $1,830 on the daily chart of gold. Crude oil price also started a downside correction from the $126.37 high. There is a key bullish trend line forming with support near $97.00 on the daily chart of XTI/USD. Gold Price Technical Analysis This past month, gold price started a strong increase from the $1,780 support zone against the US Dollar. There was a clear break above the $1,800 and $1,900 resistance levels. The price accelerated its gains above the $2,000 level and settled well above the 50-day simple moving average. It traded to a new multi-year high at $2,070 on FXOpen. Recently, it started a downside correction below the $2,000 level. Gold Price Daily Chart There was a break below the 50% Fib retracement level of the upward move from the $1,780 low to $2,070 high. It even traded below $1,925 and the 50-day simple moving average. An initial support on the downside is near the $1,872 level. The main support is near the $1,850 level and the 76.4% Fib retracement level of the upward move from the $1,780 low to $2,070 high. There is also a major bullish trend line forming with support near $1,830 on the daily chart of gold. Any further losses may perhaps open the doors for a larger decline towards the $1,800 and $1,780 levels in the near term. On the upside, an initial resistance is near the $1,925 level. The first major resistance is near the $1,935 level. A clear break above the $1,935 barrier might call for a move towards $2,000. Read Full on FXOpen Company Blog...

ETHUSD and LTCUSD Technical Analysis – 28th APR, 2022 ETHUSD: Rounding Bottom Pattern Above $2,700 Ethereum was unable to sustain its bullish momentum this week, and after touching a high of $3,036 on April 26th started to decline against the US dollar. The bearish momentum has pulled down the prices of Ethereum below the $2,800 handle touching a low of $2,766 on April 26th. The price has entered a consolidation channel above the $2,700 handle; we are in a mildly bullish phase in the European trading session. We can clearly see a rounding bottom pattern above the $2,700 handle, which is a bullish pattern signifying the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just above its pivot level of $2,924 and is moving in a mildly bullish channel. The price of ETHUSD is testing its classic resistance level of $2,948 and Fibonacci resistance level of $2,966, after which the path towards $3,100 will get cleared. The relative strength index is at 63 indicating a STRONG demand for Ethereum and the continuation of the bullish trend. Both the StochRSI and Williams percent range are indicating an overbought level which means that the prices are due to decline in the short term. All 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 $3,200 to $3,350 in the short-term range. ETH is now trading above both the 100 hourly and exponential MAs. Ether: bullish reversal seen above the $2,700 mark Short-term range appears to be mildly BULLISH The daily RSI is below 50 at 45, indicating a NEUTRAL market The average true range is indicating LESSER market volatility Ether: Bullish Reversal Seen Above $2,700 ETHUSD is now moving in a mildly bullish channel, with the price trading above the $2,900 handle in the European trading session today. Ethereum’s demand is increasing, which is leading to a slow rise in its levels, and now we are looking at the immediate targets of $3,000 and $3,150. ETHUSD is now facing its immediate resistance level of $3,149 and $3,203, after which we will see a linear progression towards $3,300. The key support levels to watch are $2,869 and $2,880, and the price of ETHUSD need to remain above these levels for the continuation of the bullish trend. ETH has gained 1.88% with a price change of 54.35$ in the past 24hrs, and has a trading volume of 17.239 billion USD. We can see a decrease of 16.56% in the total trading volume in the last 24 hrs, which appears to be normal. The Week Ahead We can see the formation of a bearish harami pattern in the 15-minute timeframe, which indicates a potential short-term reversal in its levels. This is also confirmed by the MA200 crossover pattern located at $2,964 and $2,943. The transaction fees of Ethereum continue to decline by more than 90% in a period of 6 months. At present, the average transaction fee is about $5.80. The on-chain metrics are also indicating a bullish scenario for Ethereum in the medium-term range with a projection level of $3,800 to $4,000. The immediate short-term outlook for Ether has turned mildly BULLISH; the medium-term outlook has turned neutral; the long-term outlook for Ether is NEUTRAL in present market conditions. This week, Ether is expected to move in a range between $3,000 and $3,200, and next week, Ether is expected to enter a consolidation phase above the level of $3,200. Technical Indicators: Stoch (9,6): at 51.80 indicating a NEUTRAL level The moving averages convergence divergence (12,26): at 9.17 indicating a BUY The ultimate oscillator: at 56.21 indicating a BUY Bull/ Bear power (13-day): at 78.86 indicating a BUY Read Full on FXOpen Company Blog...

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