SimpleFX Market News
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A Renowned Trading Tools Website Praises SimpleFX in a Review

SimpleFX trading app has been reviewed by Trading Browser, a popular guide for finance tools. What’s awesome the review has been very positive, as the site’s editors really liked our trading apps, platform, payments, performance, and trading conditions.

We’ve been labeled as:

Beginner Friendly, “perfect for beginners with limited trading or investing experience online”They appreciated…

https://blog.simplefx.com/2021/11/10/a-renowned-trading-tools-website-praises-simplefx-in-a-review
Japanese Stocks Climb on Evergrande’s Enthusiasm. Where Next?

The formation of NIKKEI225 shares implies the development of an uptrend that moves within the bullish green channel. There is also a possibility that since March of this year, the market has been moving in a flat, which is formed within the horizontal yellow channel.

Currently, the price is in the lower green area, as…

https://blog.simplefx.com/2021/11/11/japanese-stocks-climb-on-evergrandes-enthusiasm-where-next
EURUSD Breaks $1.15 Support. Watch Out for the Main Forex Pair!

For the main EURUSD currency pair, we see the construction of a large downtrend that moves inside the green channel.

SimpleFX EURUSD Chart Analysis: November 12, 2021

From October to November, the market moved in an upward direction from the lower green area to the upper green line within the ascending yellow channel. We see…

https://blog.simplefx.com/2021/11/12/eurusd-breaks-1-15-resistance-watch-out-for-the-main-forex-pair
Trading Schedule Changes in Brazil (Oct. 15) and India (Oct. 19)

Due to the upcoming public holidays in Brazil and India, the following changes in trading hours will occur:

October 15

Equities BR – closed;

October 19

NIFTY50 – closed.

https://blog.simplefx.com/2021/11/12/trading-schedule-changes-in-brazil-oct-15-and-india-oct-19
Can the Current GBPUSD Rally Reverse the Trend?

In today’s review, we will consider the situation for the main currency pair GBPUSD. Apparently, the market is forming a bearish trend, which is moving within a large green channel.

For almost the whole of October, we observed an upward price movement within the green channel from its lower green wall to the upper green…

https://blog.simplefx.com/2021/11/16/can-the-current-gbpusd-rally-reverse-the-trend
Is Gold About to Break Out? Technical Outlook

For the XAUUSD pair, we see the development of an uptrend, which is formed inside a large yellow channel. In the last section of the chart, we see an upward price movement inside a small green channel, which began in early November.

SimpleFX XAUUSD Chart Analysis: November 17, 2021

Since the beginning of November, we…

https://blog.simplefx.com/2021/11/17/is-gold-about-to-break-out-technical-outlook
When Will SPX500 Reach New ATH?

For the SPX500 stock index, we see the construction of a large bullish trend that moves inside the green channel. Since the second half of October, the price has rapidly jumped to the upper green line. This period describes a small ascending channel of yellow color.

SimpleFX SPX500 Chart Analysis: November 18, 2021

We see…

https://blog.simplefx.com/2021/11/18/when-will-spx500-reach-new-ath
Trading Schedule Changes in Japan (Nov. 23) and the USA (Nov. 25-26)

Due to the upcoming public holidays in Japan and the USA, the following changes in trading hours will occur (24-hour, UTC):

November 23

Equities JP, NIKKEI225 – closed;

November 25

DJI30, NDX100, SPX500 – trade till 18:00;
USOIL, NATURALGAS, Precius Metals – trade till 18:00;
Equities US – closed;

November 26

DJI30, NDX100, SPX500 –…

https://blog.simplefx.com/2021/11/19/trading-schedule-changes-in-japan-nov-23-and-the-usa-nov-25-26
Markets Are on Fire! We Give Away $1,000 in BTC for Trading this Week

It’s going to be a crazy Black Week in 2021. All markets are on fire. Cryptocurrency skeptics are cheering NovemBEAR as Bitcoin declines, but bulls are accumulating waiting for the next rally as crypto adoption rises. 

Silver and gold are rallying on the inflation fears from major currencies. On Forex the US dollar is on…

https://blog.simplefx.com/2021/11/22/markets-are-on-fire-we-give-away-1000-in-btc-for-trading-this-week
Will the Yen Benefit from the Low Inflation in Japan?

The current formation of the USDJPY currency pair assumes a global bullish trend that moves within the green channel.

SimpleFX USDJPY Chart Analysis: November 23, 2021

In the second half of September of this year, the price touched the lower green line and then began to rise impulsively. In the second half of October, the…

https://blog.simplefx.com/2021/11/23/will-the-yen-benefit-from-the-low-inflation-in-japan
GBPJPY in a Bearish Trend, But New Inflation Data Can Change It

In today’s review, we will consider the GBPJPY currency pair. The current formation of the pair suggests the development of an uptrend, which moves smoothly inside a large green channel. 

SimpleFX GBPJPY Chart Analysis: November 24, 2021

For almost the entire September of this year, the price was in the lower green area, then dropped…

https://blog.simplefx.com/2021/11/24/gbpjpy-in-a-bearish-trend-but-new-inflation-data-can-change-it
AUD Falls Against the USD Fuelled by Hawkish Fed

Today, for the AUDUSD currency pair, let’s look at the situation on the 1H timeframe, where the market movement has been visible since September of this year. Apparently, a downtrend is being built within a large green channel. We see that until November, the price was moving in an upward direction in a zigzag shape…

https://blog.simplefx.com/2021/11/25/aud-falls-against-the-usd-fuelled-by-hawkish-fed
Stocks are Tanking on Black Friday – Trade, Profit, and Grab $1,000 Guaranteed

European stock market, and US futures are going down on news of a new super transmissive COVID variant found in South Africa. DJI30 futures are -1.66%, SPX500 -1.5%,  and RUSSELL2000 -1.5% on SimpleFX today. 

It seems that since the information about the virus broke out there was panic on the markets, since then the situation…

https://blog.simplefx.com/2021/11/26/stocks-are-tanking-on-black-friday-trade-profit-and-grab-1000-guaranteed
Let’s Focus USDCAD as a Think Tank Recommends Canada a Dollar-pegged Crypto

Canada should issue a cryptocurrency linked to CAD, an economic think tank C.D. Howe Institute suggests. That’s a great idea, and hopefully could help CAD grow. At the moment we’re seeing USDCAD going rather up than down.

The formation of the USDCAD currency pair suggests the construction of a global uptrend that moves inside a…

https://blog.simplefx.com/2021/11/26/lets-focus-usdcad-as-a-think-tank-recommends-canada-a-dollar-pegged-crypto
Is NDX100 Heading for a New ATH this Year?

The NDX100 stock index assumes the formation of a large bullish trend that moves inside the green channel.

Throughout September, the price moved from the upper green line in the direction of the lower green line. In early October, the price reached the lower green line, pushed off from it and began to rise rapidly…

https://blog.simplefx.com/2021/11/30/is-ndx100-heading-for-a-new-ath-this-year
EURGBP Volatility Soars on Omicron Uncertainty. Time to Trade!

More than a month ago we talked about EURGBP. The current formation of the EURGBP pair suggests the construction of a large downtrend that moves within the green channel. We see that at the beginning of October, the price, before reaching the upper green line, turned around and the market moved in a downward direction.…

https://blog.simplefx.com/2021/12/01/eurgbp-volatility-soars-on-omicron-uncertainty-time-to-trade
EURJPY Downtrend Continues on Rising Global Uncertainty

The formation of the EURJPY currency pair suggests a large uptrend that moves within a large green channel. In the current chart, we see the price movement from mid-September of this year to today.

At the end of September, the price reached the center of the green channel, after which the bulls seized the initiative…

https://blog.simplefx.com/2021/12/03/eurjpy-downtrend-continues-on-rising-global-uncertainty
Hope You Didn’t Miss These Awesome Trading Ideas. November Winners!

November was extremely exciting for margin traders across the board. Cryptocurrencies went up in the first half of the month, but BTCUSD has dropped 27.6% since November 15. While maximalists and El Salvador are loudly buying the dip, many whales decided to dump Bitcoins and cash in expecting a bears market.

Cryptocurrency markets once again…

https://blog.simplefx.com/2021/12/06/hope-you-didnt-miss-these-awesome-trading-ideas-november-winners
How Sustainable is Dow Jones Rally on Omicron Optimism?

The current structure of the American stock index DJI30 suggests the formation of a global uptrend that moves inside a large green channel. On the current chart, we see the price movement from October to today.

SimpleFX DJI30 Chart Analysis: December 7, 2021

Since October, the price has been slowly but surely creeping up to…

https://blog.simplefx.com/2021/12/07/how-sustainable-is-dow-jones-rally-on-omicron-optimism
GBPAUD Dives After RBA Meeting. Where Next?

The Reserve Bank of Australia kept interest rates for AUD on hold. The move was anticipated but still led to a sudden appreciation of AUD, making pairs like GBPAUD extremely attractive for margin traders.

SimpleFX GBPAUD Chart Analysis: December 8, 2021

The current formation of the GBPAUD currency pair suggests the construction of a large…

https://blog.simplefx.com/2021/12/08/gbpaud-dives-after-rba-meeting-where-next
GBPAUD Dives After RBA Meeting. Where Next?

The Reserve Bank of Australia kept interest rates for AUD on hold. The move was anticipated but still led to a sudden appreciation of AUD, making pairs like GBPAUD extremely attractive for margin traders.

SimpleFX GBPAUD Chart Analysis: December 8, 2021

The current formation of the GBPAUD currency pair suggests the construction of a large…

https://blog.simplefx.com/2021/12/08/gbpaud-dives-after-rba-meeting-where-next