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And now, to kick things off, attention! The prize hunt has begun!
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To give you more time and opportunity to participate in the draw of iPhone 15 Pro devices. You have a whole month to make a deposit (or maybe not one) and become one of the lucky ones who will become the owners of the new device 📱
How to take part in the promotion?
1. You should have a Weltrade account or create one
2. Deposit at least $300 into your account
3. Complete the trading volume of 15 lots with real money (no bonuses) or 25 lots combined with other bonuses.
4. The promo is held on both MT4 and MT5 accounts, offering an exciting trading experience for all.
5. Winners are selected randomly among the participants by our team.
Competition duration: 20.11.2023 - 20.12.2023 😎
And now, to kick things off, attention! The prize hunt has begun!
We bet you’re the winner!
Follow the link and get a prize https://myiphone.live/en?r1=1111&r2=smm_telegram
Can EURUSD continue its bullish move since Oct or reverse from here?
Technical analysis:
EURUSD staged an uptrend since Oct as the USD loses strength, with November’s release of a cooler US CPI data triggering an explosive breakout upwards that brought EURUSD to the resistance of 1.095.
Currently, EURUSD is hovering far above the 20-day, 50-day, 100-day and 200-day moving averages, showing strong bullishness.
However, EURUSD is currently in a supply zone and also hovering at the resistance of 1.095 which aligns with a Fibonacci retracement 0.618 level drawn from mid-July’s high.
In order to remain bullish, EURUSD would have to break through the resistance of 1.095 with a strong bullish engulfing candle, flipping resistance into support and continue upwards. In such case, the next resistance lies at 1.1084.
If it rejects from here, the next support would be 1.076 which would partially retrace the previous CPI-release gains.
Bias: Bullish
Technical analysis:
EURUSD staged an uptrend since Oct as the USD loses strength, with November’s release of a cooler US CPI data triggering an explosive breakout upwards that brought EURUSD to the resistance of 1.095.
Currently, EURUSD is hovering far above the 20-day, 50-day, 100-day and 200-day moving averages, showing strong bullishness.
However, EURUSD is currently in a supply zone and also hovering at the resistance of 1.095 which aligns with a Fibonacci retracement 0.618 level drawn from mid-July’s high.
In order to remain bullish, EURUSD would have to break through the resistance of 1.095 with a strong bullish engulfing candle, flipping resistance into support and continue upwards. In such case, the next resistance lies at 1.1084.
If it rejects from here, the next support would be 1.076 which would partially retrace the previous CPI-release gains.
Bias: Bullish
Fundamental analysis:
The US CPI on Nov 14 showed that US inflation slowed to 0.2% for October, down from 0.6% recorded in September. This slowdown in inflation led to the USD declining significantly as traders expect no further interest rate hikes. As a result, EURUSD managed to record strong bullish gains.
If this week’s data releases show a slowdown in the US economy with a lower-than expected GDP, higher-than-expected unemployment claims and lower-than-expected PMI, USD would continue to decline further, which would extend the uptrend of EURUSD towards the next resistance.
The US CPI on Nov 14 showed that US inflation slowed to 0.2% for October, down from 0.6% recorded in September. This slowdown in inflation led to the USD declining significantly as traders expect no further interest rate hikes. As a result, EURUSD managed to record strong bullish gains.
If this week’s data releases show a slowdown in the US economy with a lower-than expected GDP, higher-than-expected unemployment claims and lower-than-expected PMI, USD would continue to decline further, which would extend the uptrend of EURUSD towards the next resistance.
Dive into a week of trading possibilities! Our Forex event calendar is your secret weapon for staying informed. From major economic announcements to potential volatility triggers, we've mapped it all out for you.
Take a look to chart your course and make this week's market moves work for you!
Take a look to chart your course and make this week's market moves work for you!
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The promotion will run from December 25, 2023, to January 26, 2024. Follow the link and get your calendar today
Our interactive calendar is designed to add excitement and rewards to your trading routine, making every month a celebration 🤩
❓How to Participate:
1. Make a minimum deposit of $500.
2. Achieve 20 lots during the promotional period.
Everyone who meets these conditions will be eligible to receive an Advent calendar 🎉
The promotion will run from December 25, 2023, to January 26, 2024. Follow the link and get your calendar today
Get ready to navigate the markets!
This week's Forex events calendar with potential opportunities and game-changing insights is packed. From key economic releases to major central banks decisions, we've got your trading roadmap covered 😉
This week's Forex events calendar with potential opportunities and game-changing insights is packed. From key economic releases to major central banks decisions, we've got your trading roadmap covered 😉
Dive into a week of trading possibilities!
Our Forex event calendar is your secret weapon for staying informed. From major economic announcements to potential volatility triggers, we've mapped it all out for you 👐
Our Forex event calendar is your secret weapon for staying informed. From major economic announcements to potential volatility triggers, we've mapped it all out for you 👐