2021-02-22 08:09:31
Daily chart:
Excellent reverse close of Friday most likely signifies ending of the gold market decline phase and, as a consequence, a switch to a new bullish swing. The closest potential target of the buyers is 1810.17. Though for this they’ll have to overcome the area of possible limit sell-offs 1800.00.
H1-chart:
Local upswing broke three highs of the structure in a row suggesting an explicit upward reversal, which fully coincides with the most likely scenario on a daily chart. Big amplitude of growth might require an intermediate downward correction, which can be expected in direction 1783.42-1786.20 (black trajectory) and 1769.30 (red scenario). Strong upward momentum in direction 1800.00 and 1810.17 would be possible from each of these zones.
Conclusions:
Main scenario: Pullback to 1783.42-1786.20 followed by growth in direction 1800.00 and 1810.17.
Alternative scenario: Deeper correction to 1769.30 followed by an upward reversal.
Trading recommendations:
Longs to 1800.00 and 1810.17. Optimum zones for opening trades are 1783.42-1786.20 and 1769.30.
Reduced spreads for popular pairs
2021-02-11 15:07:39
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications
Deposits are even more profitable now!
2021-02-01 11:29:44
Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]