analysis-details/{id} - Citizen

Terms & Conditions

Citizen advertises its competition called "The Grand Prix Trading Competition".

The winner of this competition, as measured by volumes (total lots traded during competition), will receive a cash prize of $300,000.

Each of the additional 14 lottery winners will receive $50,000. A trader must complete at least 50 LOTS of trading during the competition period to be eligible for the lottery. For this competition, there are no minimum deposit requirements.

Additional conditions are listed below.

1. You must register for the competition by providing the necessary information in order to participate. You must be at least 18 years old and submit a request for and receive approval for a trading account through the specific registration form.

2. Personnel from Citizen are ineligible to compete. All information given during the registration process must be accurate (i. E. To match the proof of identity's full name details, the country of residence's proof of residency, etc. ), the winners/participants will be eliminated from the competition.

3. Both new and current clients will autometically enter in to the competition. Employees and Partners of Citizen with the exception of IBs are not allowed in this competition.

4. You must register and be granted a trading account in order to participate in the competition. Based on the procedures and guidelines for account opening at Citizen.

5. You acknowledge that you have read these Terms and Conditions and that you agree to be bound by them, as well as by the Business Terms and Conditions of the entity with, by participating in the Competition. Which you have chosen to proceed with registration via the designated competition registration page. Of such a body. The Citizen group and/or affiliate level will host the competition. In order for the award prizes to be added to the winners' trading accounts, the winners must:.

A. Meet and must have already successfully passed the Citizen compliance checks
B. When and if asked, give a thorough report of his or her competition trading account Citizen.

6. Participants who fail to provide any requested documents may be disqualified by Citizen Within 10 business days of the request, verification is necessary for this competition's purposes or in relation to the client's account.

7. The participant consents to the announcement of the monthly results by Citizen Rivalry on its website.

8. Existing customers does not need to open an additional trading account for taking part in this competition. Your current account will autometically be part of this competition.

9. Customers who participate in the competition may be eligible for other promotions by Citizen.

10. After the competition has ended, Citizen will announce the winners within ten days.

11. By accepting a Competition prize, the winners agree to take part in various promotional activities and Events that Citizen is free to promote on various platforms. But are not limited to, promotional events. Consisting of, but not restricted to, interviews, pictures, listing announcements of their full names, nicknames, and countries of origin,Won awards, etc.

12. Citizen reserves the right in cases where a winner declines to take part in promotional activities to oust the winner and award the prize to the finisher in second place.

13. Winners who have received prizes are not permitted to ask to have those prizes credited to someone else. Rather, the trading account should be in the participant's name.

14. Only one competition hosted by the same party may have participants or connected parties or Company and, as a result, will be qualified for a single competition prize should they triumph.

Citizen analysis

DAX 40 technical analysis

David Austin

Senior FX strategist, Citizen Prime FX

From its mid-March double top at 23,746, the DAX 40 fell 4987 points to a low of 18,489 in early April, before its impressive rebound.

The magnitude of the rebound raises some questions about the short-term bearish wave count. One of the three key rules of Elliott Wave is that Wave IV should not overlap with the price territory of Wave I. In practice, we allow some limited flex with this rule, but the rally from the 18,489 low is currently testing those boundaries.

From here, we would prefer to see some immediate weakness to confirm the Wave IV rally is complete and that Wave V lower is underway. Aware that if the DAX 40 sees a sustained break above resistance at 22,500 – 22,700, it will indicate that the correction is complete, and that the uptrend has likely resumed.

Chart by Trading View

This information has been prepared by Citizen, a trading name of Citizen Prime FX Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Citizen accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication

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