Month: June 2016

Company News – Deposit into your account with no cost

Deposit into your account with no costDear Clients,

FreshForex returns you 100% of the commission on deposit.

Just imagine! You deposit into account with $1 000 and under the terms of a chosen payment system, you lose 2.5% on commission), or rather say, you could lose money. With the service “Refund of payment system commissions“, the deposit amount is saved — we will compensate the costs.

Fund your account by the most popular payment methods and expand your trading opportunities!

Good luck in trading!
FreshForex — fresh view on money!

 

Company News – Change in the trading schedule for #HSI

Change in the trading schedule for #HSIDear Clients,

We inform you that on July 1, 2016, the Hong Kong Administrative Region Establishment Day is celebrated. In this regard, trading on the CFD on #HSI index will be closed.

Please consider this information when planning the financial markets.

If you have any questions, please, do not hesitate to contact our client support or your personal manager.

Good luck in trading!
FreshForex — fresh view on money!

Company News – No drawdown will scare you

No drawdown will scare youDear Clients,

Minimize your losses and cope with any drawdown during great market volatility.

Connect your trading account to the promo “Tradable Bonus 101%” and get useful bonuses that participate in drawdown. You get it every time you deposit into account!

The greater amount is, the higher your bonus is. Use the bonus, multiply trading volume and earn with no fear!

Look for more information on the page of the promo or just connect right now!

No drawdown will scare you

Good luck in trading!
FreshForex — fresh view on money!

 

Company News – This is your time to trade free

This is your time to trade freeDear traders,

We are glad to extend your favourite promo “No Commission ECN“!

You have the ability to trade free with instantaneous execution of trades till July 31, 2016.

We offer you more than 60 trading instruments, leverage up to 1:500 and withdrawal funds you get using this promotion without additional conditions.

Have time to discover all the benefits of the promo!

This is your time to trade free

Good luck in trading!
FreshForex — fresh view on money!

Weekly analysis- Elliott waves for Forex correlation analysis – Gold, Silver, Oil Weekly Analysis

Gold weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review
 

During the previous week ending 17th June 2016, the gold markets traded long for the better parts of the week but is yet to reach our target resistance level $1320. During this week, we still expect further movements to the upper side for wave (4) to end at $1320 from where we’ll be looking to sell wave (5) to the lower side. This view remains valid as long as the level $1320 holds true as a strong resistance level, a clear bReakout above $1320 will mean looking for long positions with an ideal target at 1383. During this week, key levels to look for include $1383, $1320, $1272, $1249, and $1215. This commodity should be traded alongside silver, these two commodities have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

Trade Recommendations:

Remain long but only up to 1320. A breakout above this level will push the price further to the upper side but should not go above 1383.

Silver weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review
 

During the previous week ending 17th June 2016, the silver markets traded long but ended up forming a near exhaustion candle on the weekly chart. Thus, during this week, we expect a possible reversal to the lower side for us to continue short with wave (5). This view remains valid as long as the commodity trades below $17.85, a breakout above this resistance level may push the price to the upper side but only up to the upper resistive trend line. This commodity should be traded alongside Gold. Gold and silver have a strong positive correlation of up to +0.92 and will have a similar price action during this week

Trade recommendations:

Expect a possible reversal to the lower side. Buy positions are only recommended in case the price clearly break above $17.85.

Oil weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
During the previous week ending 17th June 2016, the oil markets traded short for the earlier parts of the week, but ended up trading massively long during the last trading day and even formed a possible reversal candle on the weekly chart. We are waiting for a clear breakout above $48.72 validate the reversal to the upper side, however, as long as the commodity trades below $48.30, we expect an acceleration to the lower side but should not go below $41.59.

Trade Recommendations:

Long positions are only recommended above $48.72 with an ideal target at $51.75. However, as long as the commodity trades below $48.30, look for short positions with an ultimate target at $41.59.

 

Company News – Brexit: the lights are fading for Europe

Brexit: the lights are fading for EuropeDear Clients,

Nobody believed it would happen. But, based on results of Brexit voting, after 43 years of a continuous membership in the association of European states UK is leaving the EU, having shut the door with a bang.

Despite high volatility and low liquidity of the market obviously expressed in high floating spreads from the liquidity providers (1.5 – 2 times more than usual) of ECN and Market Pro accounts, FreshForex still maintains fixed spreads on Classic accounts in a strict accordance with specification:

 

EUR/USD – 2 points;

GBP/USD – 3 points;

USD/JPY – 2 points, etc.

Take an advantage to make your prediction, and enter the market at the lowest possible cost!

We congratulate those traders, who accurately predicted “exit” of the Great Britain from the EU. Besdies, many traders timely responded to the trend on other instruments, namely, an abrupt decline of some currency pairs: USD/JPY, USD/SEK and contracts for the Asian and US indexes: #HSI, #NIKKEI, # NQ100, # SP500, which margin requirements have not changed!

The negative outcome of the referendum caused the collapse of the British currency, which has fallen to its lowest level for thirty years. During the last week, the foreign exchange market has been growing on expectations of a positive outcome of the referendum, but now we will face an extended wave of sales, as traders were not ready for this event.

Collapse of the British pound has inevitably entailed collapse of the currency pairs: GBP/USD lost 10% of its price, whereas EUR/USD has lost 4%. According to the senior analyst of FreshForex Alexander Goryachev, we can expect decline in EUR/USD to 1.08, GBP/USD to 1.30, # FTSE100 to 5600.

However, our traders survived first results of the voting quite well and followed our recommendations and warnings. FreshForex has made the right decision – having promptly and adequately responded to potential risks and protected its Clients against these risks.

What should we expect next? We are looking to the future and staying tuned about the news!

 

Wish you good luck in trading!

FreshForex — fresh view on money!

Weekly analysis- Elliott waves for Forex correlation analysis – Gold, Silver, Oil Weekly Analysis

Gold weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review
 

During the previous week ending 17th June 2016, the gold markets traded long for the better parts of the week but is yet to reach our target resistance level $1320. During this week, we still expect further movements to the upper side for wave (4) to end at $1320 from where we’ll be looking to sell wave (5) to the lower side. This view remains valid as long as the level $1320 holds true as a strong resistance level, a clear Breakout above $1320 will mean looking for long positions with an ideal target at 1383. During this week, key levels to look for include $1383, $1320, $1272, $1249, and $1215. This commodity should be traded alongside silver, these two commodities have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

Trade Recommendations:

Remain long but only up to 1320. A breakout above this level will push the price further to the upper side but should not go above 1383.

Silver weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review
 

During the previous week ending 17th June 2016, the silver markets traded long but ended up forming a near exhaustion candle on the weekly chart. Thus, during this week, we expect a possible reversal to the lower side for us to continue short with wave (5). This view remains valid as long as the commodity trades below $17.85, a breakout above this resistance level may push the price to the upper side but only up to the upper resistive trend line. This commodity should be traded alongside Gold. Gold and silver have a strong positive correlation of up to +0.92 and will have a similar price action during this week

Trade recommendations:

Expect a possible reversal to the lower side. Buy positions are only recommended in case the price clearly break above $17.85.

Oil weekly review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
During the previous week ending 17th June 2016, the oil markets traded short for the earlier parts of the week, but ended up trading massively long during the last trading day and even formed a possible reversal candle on the weekly chart. We are waiting for a clear breakout above $48.72 validate the reversal to the upper side, however, as long as the commodity trades below $48.30, we expect an acceleration to the lower side but should not go below $41.59.

Trade Recommendations:

Long positions are only recommended above $48.72 with an ideal target at $51.75. However, as long as the commodity trades below $48.30, look for short positions with an ultimate target at $41.59.