FXOpen

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FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC and ASIC. FXOpen offers ECN, STP, Micro and Crypto trading accounts (dependent on entity).

406 posts FXOpen

ETHUSD and LTCUSD Technical Analysis – 05th MAY, 2022

ETHUSD: Bullish Engulfing Pattern above $2,750Ethereum was moving in a bearish phase last week and touched a low of 2,725 on May 1st, after which it entered into a consolidation channel above the $2,750 handle. This week, ETHUSD started moving in a bullish channel, and managed to

The US Dollar Remains Strong Ahead of the FOMC Statement

The FX market came to a halt in the last couple of trading days. Traders and investors await one of the most important Fed decisions in recent history, scheduled later today in the North American session. Inflation is running out of control in the United States. It reached a four-decade

ETHUSD and LTCUSD Technical Analysis – 28th APR, 2022

ETHUSD: Rounding Bottom Pattern Above $2,700Ethereum 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

BTCUSD and XRPUSD Technical Analysis – 26th APR 2022

BTCUSD: Double Bottom Pattern Above $38,000Bitcoin was not able to sustain its bullish momentum last week, and after touching a high of $42,901 on April 21st, started to decline heavily against the US dollar. The shortselling continued pushing down the price of BTC below the $39,000 handle,

Japanese Yen Traders Await the Bank of Japan’s Decision

The story of the year so far in the FX market was the sharp rise of the JPY pairs. The yen weakened against all its peers, but the move is even more impressive when looking at the chart. Consider the USD/JPY daily chart below. The pair found resistance at

ETHUSD and LTCUSD Technical Analysis – 21st APR, 2022

ETHUSD: Bullish Engulfing Pattern Above $2,800Ethereum entered a consolidation channel last week, after which it started to decline touching a low of $2,883 on April 18th in the US trading session. Ethereum touched an intraday low of $3,066 in the Asian trading session, and an intraday high

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.