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radex78

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LTC AND EOS – IMPULSIVE INCREASE CONTINUES

  • LTC/USD
    The price of Litecoin has increased by just over 38% from last Thursday when it was sitting at $58.3 at its lowest point as it came up to slightly above $80 today. Now as it started encountering resistance we might expect a pullback but the price increased with strong bullish momentum in the last 24 hours indicating that buyers are very much still in control. Now as the price is is above $78.442 an increase to the next horizontal level at $86.4 could be seen as another interaction with the significant resistance level.
  • EOS/USD
    From last Thursday, the price of EOS has increased by 13%, coming from $2.43 measured to the highest point of the week so far which was made on Tuesday, reaching $2.7569 at its highest point. Since then a decrease has been seen but the price made up for the loss and is currently being traded $2.6748. If the price continues increasing from here and makes a higher high compared to the Tuesday’s one it would be an early indication that we can see a breakout above the 0 Fib level.

Read more on FXOpen blog: https://bit.ly/38WJpbu

#Cryptocurrencies#ltcusd #eosusd #litecoin #crypto #blockchain



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radex78

Active Member

GOLD PRICE AT RISK WHILE OIL PRICE COULD RISE FURTHER

Gold price failed to clear the $1,900 resistance and declined towards $1,855. Conversely, crude oil price is rising and it is showing positive signs above $41.50.

Important Takeaways for Gold and Oil

  • Gold price declined below the $1,880 and $1,865 support levels against the US Dollar.
  • There is a major bearish trend line forming with resistance near $1,878 on the hourly chart of gold.
  • Crude oil price is currently consolidating gains above the $41.00 and $41.50 support levels.
  • There is a key bullish trend line forming with support near $41.60 on the hourly chart of XTI/USD.

Read more on FXOpen blog: https://bit.ly/39cXpyb

#ForexAnalysis#XTIUSD #XAUUSD



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radex78

Active Member
“Classics without Borders” is a Free Contest with Real Money Prizes

FXOpen broker invites beginners to participate in the “Classics without borders” Forex contest. Take a great opportunity to show your skills in Forex trading using classical trading tools and get real money prizes! The prize fund of the contest is 1500 USD. Both new users and existing clients who have registered with FXOpen no earlier than January 2020 can take part in the contest. The registration is already open.




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radex78

Active Member

BITCOIN - WHAT'S DRIVING A BULLISH PRICE ACTION

Bitcoin is on everyone's lips once again as it gets closer to making new all-time highs.

The cryptocurrency is the best performing asset of the year so far, currently trading above the $ 18,000 level and approaching the magical $ 20,000.
What's interesting is the price of Bitcoin's evolution is that it broke entirely off gold. Both assets are seen as a reflection of investors' need for safe assets during the pandemic.

However, by the time positive vaccine news came out of Pfizer and BioNTech, Moderna, and today, AstraZeneca, the gold tank, but Bitcoin is not.

Who buys Bitcoin?

We know what triggered the move higher in Bitcoin - strong institutional investors bought the $ 10,000 level

MicroStrategy, a US-based public company and Square, announced a massive investment in Bitcoin when the cryptocurrency was trading for around $ 10,000.

But the real spark higher came after PayPal's announcement that it would allow cryptocurrencies on the online payment platform. Since then, the price of Bitcoin has not corrected. It is said that the increase in the volume of the itBit platform implies that after just one month of the announcement, PayPal's purchase volume reached over 60% of the new Bitcoin supply.

Read more on the FXOpen blog: https://bit.ly/2KqR7QU

#FinancialMarketNews



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BTC AND XRP – FURTHER UPSIDE EXPECTED

  • BTC/USD
    The price of Bitcoin has increased by 6.74% from yesterday’s low at $18054 as it came up to $19268 at its highest point today. We have seen the majority of the increase in the last couple of hours with the price currently sitting around today’s high and still in an upward trajectory.
    Inside the ascending range, we have seen a three-wave movement which is indicative of a corrective movement which is why from the 18th until the 22nd I have labeled it as a WXY correction that was sub-divided in thee ABC corrections. This is why now since the correction ended according to this count another five-wave impulse is likely to develop and make a new all-time high before the completion of the 5th wave of the highest degree count.
  • XRP/USD
    The price of Ripple has experienced an exponential increase from last week, coming from $0.264 last Monday to $0.783 yesterday which was an increase of 196% in just seven days. Since yesterday’s high a minor pullback to the $0.6 area but is now sitting at $0.6728 as a minor recovery was made.
    For now, the $0.55 area looks like it might be where the correction ends but we are yet to see how it develops. After the current pullback, further price growth would be expected to the vicinity of the $1 level which is a psychologically significant number.

Read more on FXOpen blog: https://bit.ly/2UXnWHh

#cryptocurrencies



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EUR/USD APPROACHING BULLISH BREAKOUT, USD/CHF COULD DIVE

EUR/USD is rising and it is likely to accelerate higher above 1.1910. USD/CHF is struggling to recover and it could dive below the 0.9100 support zone.

Important Takeaways for EUR/USD and USD/CHF
  • The Euro started a fresh increase above the 1.1850 and 1.1880 resistance levels against the US Dollar.
  • There was a break above a key bearish trend line with resistance near 1.1888 on the hourly chart of EUR / USD.
  • USD/CHF failed to climb above 0.9150 and started a fresh decline.
  • There is a major bearish trend line forming with resistance near 0.9120 on the hourly chart.

Read more on FXOpen blog: https://bit.ly/3fuYuT1

# forexanalysis # EURUSD #USDCHF



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LTC AND EOS – STEEP CORRECTION SEEN BUT LIKELY ENDING SOON
  • LTC/USD
    The price of Litecoin has been decreasing from Tuesday when it reached the $93.9 level and made a decline of 24.3% measured to its lowest point today $70.6. Currently, the price is being traded slightly higher but is still in a steep downward trajectory.
    The price made its yearly high above the significant horizontal level at $86.48 on Tuesday which was the completion of the 5th wave out of the five-wave impulse to the upside. The lower level at around $84 is the one that represents the previous highest peak of the year made in February.
  • EOS/USD
    From yesterday’s high at $3.89 the price of EOS has decreased by 26.24% today, coming to $2.88 at its current point which is the lowest. Like in the case of Litecoin the price is still in a steep downward trajectory, set to make new lows before the end of the day.
    We are seeing the ending wave developing from the five-wave impulse which is most likely the C wave from the higher degree corrective count but further decline looks likely before its completion. Considering the vicinity of the 0 Fib level we might see a continuation of this descending move to it for interaction before its completion, which would lead the price to $2.775.

Read more on FXOpen blog: https://bit.ly/3q7t4ai



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FXOpen Launches Apple Pay Payments
Dear Clients,
FXOpen is delighted to announce a new deposit method for our clients via Apple Pay.Apple Pay is a safer way to make payments, and it is even easier than using your physical card.When you’re making purchases on the web in Safari on your iPhone, iPad, or Mac, you can use Apple Pay without having to create an account or fill out lengthy forms. The payment procedure takes just a touch and is faster and more secure than ever before.


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GOLD PRICE CONSOLIDATES LOSSES WHILE OIL PRICE GAINS TRACTION

Gold price declined heavily below $1,850 and tested the $1,800 support zone. Conversely, crude oil price gained bullish momentum above $42.00 and it even traded to a new multi-month high.

Important Takeaways for Gold and Oil
  • Gold price declined below the $1,850 and $1,835 support levels against the US Dollar.
  • There is a key contracting triangle forming with resistance near $1,812 on the hourly chart of gold.
  • Crude oil price is currently correcting gains after trading close to the $46.50 level.
  • There is a major contracting triangle forming with resistance near $45.35 on the hourly chart of XTI/USD.

Read more on FXOpen blog: https://bit.ly/2J3FX4t

#ForexAnalysis#XTIUSD #XAUUSD



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THE BLACK FRIDAY PHENOMENA, AND HOW IT AFFECTS THE MARKET

At first, this day was known as the day of the stock market collapse, and now it is a festival of all shopaholics in the world. And although the meaning of this term has changed to the exact opposite, today Black Friday is still the subject of close attention of all market players.
Every season, analysts make predictions about the growth of sales on Black Friday, and each time investors freeze waiting to see if these predictions will come true.

A BIT OF HISTORY

The term Black Friday was originally used to describe one unlucky day in 1869, when the stock market collapsed due to the manipulations of two American investors, Jay Gould and James Fisk, who provoked a real financial disaster after unsuccessful gold market manipulations.
The term came close to modern interpretation somewhere in the 1940s, also in the US. In an attempt to attract more people the next day after Thanksgiving, the stores provoked traffic jams and road accidents in the cities. Later, the term came to be used by producers of goods that were likely to become profitable on sales days, so companies sought to make big sales and put these positions ‘in the black’, or profitable, for the next year.

Read more on FXOpen blog: https://bit.ly/368oHDP

#forextradingtips



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