FXOpen Trader

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

Forex trading is a type of business that will require more efforts and hard work also.

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

I have been doing my Forex Trading with FXOpen Markets from the last 10 Years and they are very Reliable and Trustable International Forex Brokers

We must make some Efforts in this business so that the income we are getting will also get increased.

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we will need to make use of such kind of a Trading plan that is easy to understand by us.

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When we are actually doing our trades into the Forex markets we will need to make use of a planned trading based systems.

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LUCK is a matter of Preparation meeting Opportunity How to get Consistent Profits in our Trading? Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

GBP/USD and GBP/JPY Remain Well Supported GBP/USD started a fresh increase from the 1.3000 support zone. GBP/JPY is also rising and might gain pace above the 157.20 resistance zone. Important Takeaways for GBP/USD and GBP/JPY The British Pound started a fresh increase from the 1.3000 support zone against the US Dollar. There is a key bullish trend line forming with support near 1.3145 on the hourly chart of GBP/USD. GBP/JPY also started a fresh increase after it cleared the 155.00 resistance zone. There is a short-term rising channel forming with support near 156.65 on the hourly chart. GBP/USD Technical Analysis After forming a base above the 1.3000 support zone, the British Pound found started a fresh increase against the US Dollar. The GBP/USD pair gained pace above the 1.3120 resistance zone to move into a positive zone. There was also a break above the 1.3150 zone and the 50 hourly simple moving average. It even spiked above the 1.3200 level, but failed to continue higher. The recent high was formed near 1.3196 on FXOpen and the pair is now correcting lower. GBP/JPY Hourly Chart There was a move below the 1.3175 level. The pair even traded below the 38.2% Fib retracement level of the upward move from the 1.3110 low to 1.3196 high. It is now approaching the 1.3150 support zone. There is also a key bullish trend line forming with support near 1.3145 on the hourly chart of GBP/USD. It is near the 50% Fib retracement level of the upward move from the 1.3110 low to 1.3196 high. The next major support is near the 1.3110 level. If there is a break below the 1.3110 support, the pair could test the 1.3050 support. If there are additional losses, the pair could decline towards the 1.3000 level. If there is a fresh increase, the pair could test the 1.3190 level. The next major hurdle is near 1.3200, above which the pair could surge towards 1.3250 in the near term. Read Full on FXOpen Company Blog...

AUD/USD and NZD/USD Eye Additional Upsides AUD/USD started a fresh increase above the 0.7300 zone. NZD/USD is also showing positive signs and there was a clear move above the 0.6850 resistance. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a fresh increase after it cleared 0.7250 against the US Dollar. There was a break above a key bearish trend line with resistance near 0.7235 on the hourly chart of AUD/USD. NZD/USD also climbed higher after forming a base above the 0.6720 level. There was a move above a major bearish trend line with resistance near 0.6775 on the hourly chart of NZD/USD. AUD/USD Technical Analysis The Aussie Dollar found support near the 0.7180 zone against the US Dollar. The AUD/USD pair traded as low as 0.71654 on FXOpen before it started a fresh increase. There was a clear move above the 0.7220 and 0.7250 resistance levels. The pair surged above the 0.7320 level and the 50 hourly simple moving average. Besides, there was a break above a key bearish trend line with resistance near 0.7235 on the hourly chart of AUD/USD. AUD/USD Hourly Chart The pair even broke the 0.7380 resistance zone and traded as high as 0.7393. It is now consolidating gains below 0.7350. On the downside, an initial support is near the 0.7345 level. The 23.6% Fib retracement level of the upward move from the 0.7205 swing low to 0.7393 high is also near the 0.7245 level. The next support could be the 50 hourly simple moving average or 0.7300. It is near the 50% Fib retracement level of the upward move from the 0.7205 swing low to 0.7393 high. If there is a downside break below the 0.7300 support, the pair could extend its decline towards the 0.7250 level. Any more downsides might send the pair toward the 0.7200 level. On the upside, the AUD/USD pair is facing resistance near the 0.7395 level. The next major resistance is near the 0.7400 level. A close above the 0.7400 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 – 17th MAR, 2022 ETHUSD: Bullish Engulfing Pattern Above $2,400 Ethereum ended its bearish phase after touching a low of $2,498 on March 14 and moved into a consolidation channel. On March 15, ETHUSD entered into a bullish phase which pushed its prices above the $2,700 handle in today’s European trading session. We can clearly see a bullish engulfing pattern above the $2,400 handle which 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 $2,755 and moving in a bullish channel. The price of ETHUSD is now testing its classic resistance level of $2,763 and Fibonacci resistance level of $2,773, after which the path towards $2,900 will get cleared. The relative strength index is at 59 indicating a STRONG demand for Ethereum and the continuation of the buying pressure in the markets. All of the technical indicators are giving a STRONG BUY market signal. All of the MAs are giving a BUY signal, and we are now looking at the level of $2,800 to $2,900 in the short-term range. ETH is now trading above both the 100 Hourly and 200 Hourly SMAs. A bullish reversal is seen in ETH above the $2,400 mark The short-term range appears to be strongly BULLISH The daily RSI is above 50 at 52, indicating a NEUTRAL market The average true range is indicating LESSER market volatility Ether: Bullish Reversal Seen Above $2,400 ETHUSD has gained a strong bullish momentum with the prices trading above the $2,700 handle in the European trading session today. The StochRSI is indicating an OVERSOLD market, which means that a pullback in the levels of Ethereum can be expected soon. Ethereum is now moving in a bullish continuation pattern, meaning further appreciation in the prices of ETHUSD. ETHUSD is now facing its immediate resistance level of $2,775, after which we will see a linear progression towards $2,900. The key support level to watch is $2,300, and this week’s key resistance level is $2,900. ETH has gained 4.11% with a price change of 108.62$ in the past 24hrs and has a trading volume of 15.881 billion USD. We can see a 5.84% increase in the total trading volume in the last 24 hrs. which appears to be normal. The Week Ahead Ethereum has entered a consolidation channel above the $2,400 handle and is now moving in a bullish momentum towards $3,000. For the first time in 3 years, the US Federal Reserve hiked its interest rate by 0.25% which has weakened the US dollar and sparked a rally in some crypto currencies, including Ethereum, which had been weighed down by the Russia-Ukraine war. The immediate short-term outlook for Ether has turned strongly BULLISH, the medium-term outlook has turned bullish, and the long-term outlook for Ether is NEUTRAL in present market conditions. This week, Ether is expected to move in a range between $2,500 and $2,900, and to enter a consolidation phase above $2,900 next week. Technical Indicators: The moving averages convergence divergence (12,26): at 30.92 indicating a BUY The ultimate oscillator: at 52.02 indicating a BUY The rate of price change: at 1.712 indicating a BUY The Williams percent range: at -25.91 indicating a BUY Read Full on FXOpen Company Blog...

EUR/USD and EUR/JPY Eye Steady Increase EUR/USD started a recovery wave from the 1.0850 zone. EUR/JPY climbed higher steadily and might rise further above 130.00. Important Takeaways for EUR/USD and EUR/JPY The Euro is attempting an upside correction above the 1.0950 level. There is a key bullish trend line forming with support near 1.0940 on the hourly chart. EUR/JPY gained bullish momentum after it broke the 127.50 resistance zone. There is a major bullish trend line forming with support near 129.55 on the hourly chart. EUR/USD Technical Analysis The Euro found support near the 1.0850 zone against the US Dollar. The EUR/USD pair started a recovery wave and was able to climb above the 1.0900 level. The pair even cleared the 1.0950 level and the 50 hourly simple moving average. Finally, the pair traded spiked to 1.1019 before it corrected gains. A low is formed near 1.0926 on FXOpen and the pair is now moving higher. EUR/USD Hourly Chart It moved above the 1.0950 level and tested the 50% Fib retracement level of the recent decline from the 1.1016 high to 1.0926 low. On the upside, the pair is facing resistance near the 1.1000 level. It is near the 76.4% Fib retracement level of the recent decline from the 1.1016 high to 1.0926 low. The next major resistance is near the 1.1020 level. A clear break above the 1.1020 resistance could push EUR/USD towards 1.1050. If the bulls remain in action, the pair could rise above the 1.1100 resistance zone in the near term. On the downside, the pair might find support near the 1.0950 level. There is also a key bullish trend line forming with support near 1.0940 on the hourly chart. If there is a downside break below the 1.0940 support, the pair might accelerate lower. The next major support sits near the 1.0925 level, below which there is a risk of a larger decline. Read Full on FXOpen Company Blog...

BTCUSD and XRPUSD Technical Analysis – 15th MAR 2022 BTCUSD: Double Top Pattern Below $39,800 Bitcoin was unable to continue its bullish momentum last week, and after touching a high of $42,566 on March 9th, started its decline against the US dollar. The downward phase continues today, and we can see BTCUSD touching $37,500 this week. Today’s bearish momentum is the result of increased selling by long-term investors due to the continuing war between Russia and Ukraine and its global impact on the safe haven currencies like the US dollar and the yen. The propagation of the bearish trend continues with bitcoin price trading below the $39,000 mark in today’s European trading session. We can clearly see a double top pattern below the $39,800 handle which is a Bearish reversal pattern because it signifies the end of an uptrend and a shift towards a downtrend. The StochRSI is indicating an OVERSOLD level which means that in the immediate short-term, an upwards correction in the prices is expected. The relative strength index is at 39 indicating a WEAK demand for bitcoin at the current market levels. Bitcoin is now moving below its 100 hourly simple moving average and below its 200 hourly exponential moving averages. All of the major technical indicators are giving a STRONG SELL signal, which means that in the immediate short-term we are expecting targets of $37,000 and $36,500. The average true range is indicating HIGH market volatility with a strong bearish momentum. A bearish reversal is seen in bitcoin below $39,900 The Williams percent range is indicating an OVERBOUGHT level The price is now trading just below its pivot level of $38,490 All of the moving averages are giving a STRONG SELL market signal Bitcoin: Bearish Momentum Seen Below $39,900 In today’s European trading session, bitcoin continues to move in a strongly bearish momentum with a downside projection towards the level of $36,000. In the immediate term we are expecting a continuation of this bearish trend, with the prices of bitcoin ranging between the levels of $35,000 and $38,000 as it is due to enter into a consolidation phase now. The short-term risks have increased for bitcoin, and the selling pressure is expected to continue pushing down the prices below $38,000 today. The immediate short-term outlook for bitcoin is strongly bearish, the medium-term outlook is bearish, and the long-term outlook remains neutral under present market conditions. The price of BTCUSD is now facing its classic support level of $37,591 and Fibonacci support level of $38,265 after which the path towards $36,000 will get cleared. We can see that the daily RSI is also printing at 45 which indicates that in the medium-term prices are expected to fall further. In the last 24hrs BTCUSD has gone down by -1.49% with a price change of 582$ and has a 24hr trading volume of USD 23.987 billion. We can see an increase of 5.93% in the trading volume as compared to yesterday, which appears to be normal. The Week Ahead The prices of bitcoin are due to enter into a consolidation phase below $38,000. We can see some range-bounded movements between $35,000 to $38,000. We can see that market volatility is increasing due to the global war crisis between Russia and Ukraine and its ripple effects on the major currencies and oil sector. In the immediate short-term, bitcoin’s bearish momentum is expected to continue pushing below the $36,000 handle this week. The prices of BTCUSD will need to remain above the important support levels of $35,000 this week. Weekly outlook is projected at $36,000 with a consolidation zone of $37,500. Technical Indicators: The relative strength index (14-day): at 39.91 indicating a SELL The average directional change (14-day): at 24.86 indicating a SELL The rate of price change: at -0.937 indicating a SELL The moving averages convergence divergence (12,26): at -45.00 indicating a SELL Read Full on FXOpen Company Blog...

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A Goal is a Dream with a Deadline Basic steps for a newbie Forex trader Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum

I am doing my Forex Trading with the International Broker FXOpen They have Low Spreads in Gold and Forex Pairs with USD.

When we are doing our trades with the help of scalping systems our income is also going to get increased.

If we are looking to make more income from our trades we have to use a better trading system.

We will need to use a trading based strategy that is easy and also profitable for us.