FXOpen Trader

EUR/USD and EUR/JPY At Risk of More Downsides EUR/USD started a fresh decline from the 1.1280 resistance. EUR/JPY is also declining and facing a string resistance near the 128.60 level. Important Takeaways for EUR/USD and EUR/JPY The Euro started a fresh decline after it failed to stay above 1.1320. There is key bearish trend line forming with resistance near 1.1180 on the hourly chart. EUR/JPY gained bearish momentum after it broke the 128.80 support zone. There is a major bearish trend line forming with resistance near 128.30 on the hourly chart. EUR/USD Technical Analysis The Euro faced sellers near the 1.1350 zone against the US Dollar. The EUR/USD pair started a fresh decline below the 1.1320 and 1.1300 support levels. The pair traded below the 1.1280 pivot level and the 50 hourly simple moving average. Finally, the pair traded as low as 1.1089 On FXOpen and is currently consolidating gains. It corrected above the 23.6% Fib retracement level of the recent decline from the 1.1232 high to 1.1089 low. EUR/USD Hourly Chart On the upside, the pair is facing resistance near the 1.1150 level. It is near the 50% Fib retracement level of the recent decline from the 1.1232 high to 1.1089 low. The next major resistance is near the 1.1180 level. There is also a key bearish trend line forming with resistance near 1.1180 on the hourly chart. A clear break above the 1.1180 resistance could push EUR/USD towards 1.1220. If the bulls remain in action, the pair could rise above the 1.1220 resistance zone in the near term. On the downside, the pair might find support near the 1.1080 level. If there is a downside break below the 1.1080 support, the pair might accelerate lower. The next major support sits near the 1.1020 level, below which there is a risk of a larger decline. Read Full on FXOpen Company Blog...

BTCUSD and XRPUSD Technical Analysis – 1st MAR 2022 BTCUSD – Double Bottom Pattern Above $34000 Bitcoin has ended its bearish phase after touching a low of 34393 on 24th February and continues to move upwards after the consolidation phase above the 38000 levels. The Bullish momentum we see today is the result of the increased buying demands from the global markets after the recent sanctions imposed on the Russian banking systems and the use of Bitcoin for converting the Russian Rubles into the desired currencies like the US Dollar and the Euros. The propagation of the Bullish trend continues with the prices of Bitcoin trading above the $43000 mark in the European Trading session today. The sharp rise that we see in the levels of Bitcoin is due to the fresh demands coming from the residents of Ukraine who are moving out and liquidating their assets and converting them into Bitcoins for safety. We can see a Double Bottom Pattern above the $34000 handle which is a Bullish reversal pattern because it signifies the end of a downtrend and a shift towards an Uptrend. STOCH and Williams Percent Range are indicating OVERBOUGHT levels which means that in the immediate short term a decline in the prices is expected. The relative Strength Index is at 76 indicating a STRONG demand for Bitcoin at the current market levels. Bitcoin is now moving above its 100 hourly Simple Moving average and below its 200 hourly Exponential 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 45000 and 48000. The Average True Range is indicating Less Market Volatility with a Strong Bullish momentum. Bitcoin Bullish Reversal is seen Above $34000. Williams Percent Range is Indicating OVERBOUGHT Levels. The price is now trading just Below its Pivot Levels of $43470. All of the Moving Averages are giving a STRONG BUY market signal. Bitcoin Bullish Momentum Seen Above $34000 Bitcoin continues to move in a Strong Bullish momentum with an upside projection towards levels of 45000 in the European Trading session today. In the immediate term, we are expecting a continuation of this bullish trend with the prices of Bitcoin ranging between the levels of $41000 and $46000 as it is due to enter into a consolidation phase now. After crossing the horizontal levels of 42000 the appreciation in the prices of Bitcoin we see will result in a Rally towards the $50000 handle. The immediate short-term outlook for Bitcoin is Strong Bullish, the Medium-term outlook is Bullish, and the long-term outlook remains Bullish. The price of BTCUSD is now facing its Classic resistance levels of 43622 and Fibonacci resistance levels of 43740 after which the path towards 48000 will get cleared. We can see that the daily RSI is also printing at 59 which indicates that in the medium-term prices are expected to appreciate further. In the last 24hrs, BTCUSD is UP by 13.70% by 5243$ and has a 24hr trading volume of USD 38.490 Billion. We can see an increase of 46.69% in the Trading volume as compared to yesterday, due to increased selling buying pressure in the Global cryptocurrency markets. The Week Ahead The prices of Bitcoin are due to enter into a consolidation phase above the $42000 level. We can see some range of bounded movements in its levels between $42000 to $46000. The prices of Bitcoin are appreciating as an alternative source of cross-border payments after the recent sanctions that are being imposed on Russia by the SWIFT network. In the immediate short term, Bitcoin Bullish momentum is expected to continue pushing its levels above the $46000 handle this week. In the event of a pullback, the upside projection is at the 100-day SMA of $44992. The prices of BTCUSD will need to remain above the important support levels of $40000 this week. The weekly outlook is projected at $41000 with a consolidation zone of $44000. Technical Indicators: Relative Strength Index (14days): It is at 74.64 indicating a BUY. Average Directional Change (14days): It is at 51.70 indicating a BUY. Rate of Price Change: It is at 5.19 indicating a BUY. Moving Averages Convergence Divergence (12,26): It is at 1043.80 indicating a BUY. Read Full on FXOpen Company Blog...

BTCUSD and XRPUSD Technical Analysis – 1st MAR 2022 BTCUSD – Double Bottom Pattern Above $34000 Bitcoin has ended its bearish phase after touching a low of 34393 on 24th February and continues to move upwards after the consolidation phase above the 38000 levels. The Bullish momentum we see today is the result of the increased buying demands from the global markets after the recent sanctions imposed on the Russian banking systems and the use of Bitcoin for converting the Russian Rubles into the desired currencies like the US Dollar and the Euros. The propagation of the Bullish trend continues with the prices of Bitcoin trading above the $43000 mark in the European Trading session today. The sharp rise that we see in the levels of Bitcoin is due to the fresh demands coming from the residents of Ukraine who are moving out and liquidating their assets and converting them into Bitcoins for safety. We can see a Double Bottom Pattern above the $34000 handle which is a Bullish reversal pattern because it signifies the end of a downtrend and a shift towards an Uptrend. STOCH and Williams Percent Range are indicating OVERBOUGHT levels which means that in the immediate short term a decline in the prices is expected. The relative Strength Index is at 76 indicating a STRONG demand for Bitcoin at the current market levels. Bitcoin is now moving above its 100 hourly Simple Moving average and below its 200 hourly Exponential 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 45000 and 48000. The Average True Range is indicating Less Market Volatility with a Strong Bullish momentum. Bitcoin Bullish Reversal is seen Above $34000. Williams Percent Range is Indicating OVERBOUGHT Levels. The price is now trading just Below its Pivot Levels of $43470. All of the Moving Averages are giving a STRONG BUY market signal. Bitcoin Bullish Momentum Seen Above $34000 Bitcoin continues to move in a Strong Bullish momentum with an upside projection towards levels of 45000 in the European Trading session today. In the immediate term, we are expecting a continuation of this bullish trend with the prices of Bitcoin ranging between the levels of $41000 and $46000 as it is due to enter into a consolidation phase now. After crossing the horizontal levels of 42000 the appreciation in the prices of Bitcoin we see will result in a Rally towards the $50000 handle. The immediate short-term outlook for Bitcoin is Strong Bullish, the Medium-term outlook is Bullish, and the long-term outlook remains Bullish. The price of BTCUSD is now facing its Classic resistance levels of 43622 and Fibonacci resistance levels of 43740 after which the path towards 48000 will get cleared. We can see that the daily RSI is also printing at 59 which indicates that in the medium-term prices are expected to appreciate further. In the last 24hrs, BTCUSD is UP by 13.70% by 5243$ and has a 24hr trading volume of USD 38.490 Billion. We can see an increase of 46.69% in the Trading volume as compared to yesterday, due to increased selling buying pressure in the Global cryptocurrency markets. The Week Ahead The prices of Bitcoin are due to enter into a consolidation phase above the $42000 level. We can see some range of bounded movements in its levels between $42000 to $46000. The prices of Bitcoin are appreciating as an alternative source of cross-border payments after the recent sanctions that are being imposed on Russia by the SWIFT network. In the immediate short term, Bitcoin Bullish momentum is expected to continue pushing its levels above the $46000 handle this week. In the event of a pullback, the upside projection is at the 100-day SMA of $44992. The prices of BTCUSD will need to remain above the important support levels of $40000 this week. The weekly outlook is projected at $41000 with a consolidation zone of $44000. Technical Indicators: Relative Strength Index (14days): It is at 74.64 indicating a BUY. Average Directional Change (14days): It is at 51.70 indicating a BUY. Rate of Price Change: It is at 5.19 indicating a BUY. Moving Averages Convergence Divergence (12,26): It is at 1043.80 indicating a BUY. Read Full on FXOpen Company Blog...

If we are making some kind of mistakes then we will need to learn from them and try to reduce them.

In the business of Forex trading it is very important to use a trading system that is also reliable for us.

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

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 will need to make use of trading systems that are having lower amounts of risks.

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

If the analysis we are using is correct then the income we will get will also get increased with time.

Forex trading is a type of business that needs to be done with proper planning and control for better efficient working.

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

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 control the losses we are getting from our trades into the markets.

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 a Forex trading broker that is reliable and easy to use.

If the amounts of leverages being used by us will remain on the lower side then our income will also get increased.

With the help of the Demo trading accounts we can start getting the main profits 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 am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping

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 trading system that is reliable and also profitable for us.

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

Forex trading can start giving us the required amounts of profits with the help of a proper trading based plan.