Momentum Trading Strategies for Day Traders
Momentum trading is a highly-regarded trading strategy used to seize opportunities in trending markets. This article explores momentum trading and offers two comprehensive strategies for capitalising on rising and falling markets.
What Is a Momentum Trading Strategy?
Momentum trading is a technique where traders aim...
Gold Price (XAU/USD) Is Testing an Important Resistance Zone
On April 16, we wrote why the $2,380 zone is an important resistance area.
The XAU/USD chart shows that:
1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23.
2) Then, the price found...
Weekly Market Wrap With Gary Thomson: UK100, Hang Seng Index, AUD/JPY, GBP/USD, USD/CAD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
UK100 Analysis: Stock Market Optimistic Ahead Of Bank Of...
Opening Range Breakout Strategy
The Opening Range Breakout (ORB) is a classic trading strategy designed to capitalise on volatility during the first few minutes following the market's opening bell. Rooted in principles laid down in the 1960s, the strategy remains relevant today for both stock and forex markets. This article dives deep into the ORB strategy and...
Market Analysis: Crude Oil Price Recovers
Crude oil is recovering and might rise toward the $81.20 resistance zone.
Important Takeaways for Oil Price Analysis Today
Crude oil is recovering losses and trading above the $78.55 support.
There was a break above a connecting bearish trendline with resistance near $78.40 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Regains Strength
The gold price started a fresh increase above $2,320.
Important Takeaways for Gold Price Analysis Today
The gold price started a decent increase from the $2,300 zone against the US Dollar.
It broke a key descending channel with resistance at $2,315 on the hourly chart of gold at FXOpen.
Gold Price...
WTI Oil Price Recovers Quickly From March Lows
On May 8, the price of WTI crude oil fell below $77 per barrel for the first time since March 11. But on the morning of May 10, it was above $79 – an increase of almost 3% in less than two days.
Several factors contributed to the significant rise in the price of WTI crude oil. According to
Reuters, among them:
→...
GBP/USD Analysis: Pound Recovers After the Bank of England Decision
Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows:
→ rate hike - 0 votes, cut - 2 votes, unchanged - 7 (0 - 2 - 7);
→ forecast: 0 - 0 - 9;
→ previous values: 0 - 1 - 8.
For the first time in the current cycle...
Market Analysis: USD/CAD Regains Strength
USD/CAD is rising and might aim for more gains above the 1.3760 resistance.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3685 support zone.
There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen.
USD/CAD Technical...
Market Analysis: GBP/USD Bulls Struggle
GBP/USD declined below the 1.2550 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.2635 resistance zone.
There is a key bearish trend line forming with resistance at 1.2500 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On...
The Hang Seng Index Has Risen by Over 13% in 2 Weeks
Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995.
According to Reuters, Goldman Sachs representatives noted in a client...
The Hang Seng Index Has Risen by Over 13% in 2 Weeks
Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995.
According to Reuters, Goldman Sachs representatives noted in a client...
What Is a Gap and How Can You Trade It in Forex and Cryptocurrencies?
When it comes to trading, understanding gaps is pivotal for traders aiming to navigate and capitalise on market volatility. These spaces on price charts where no trading occurs are often exploited by traders looking for a quick reversal or trend continuation. This article delves into the...
UK100 Analysis: Stock Market Optimistic Ahead of Bank of England News
On Monday, the UK observed a bank holiday for May Day, and on Tuesday, the stock market demonstrated accumulated optimism.
The FTSE index (UK100) today surpassed the 8300 mark. Additionally:
→ The opening occurred with a bullish gap;
→ On the daily chart of UK100, today the RSI indicator is...
What Did Buffett Say at the Shareholders' Meeting?
Warren Buffett, aged 93, held his first Berkshire Hathaway shareholders' meeting this weekend without Charlie Munger, his longtime partner at Berkshire Hathaway, who passed away at the age of 99.
Following the meeting, it was revealed that Berkshire Hathaway's cash reserves are at record levels and continuing...
How to Use Liquidity Zones and Liquidity Voids in Trading
Navigating the forex market demands a keen understanding of liquidity dynamics. This article delves into the critical concepts of liquidity zones and voids, offering traders insights into identifying areas of high trading activity and potential price gaps.
Understanding Liquidity in Trading
In trading,...
Weekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
London Calling! FTSE 100 Stocks Flying High Once Again;
The Dollar Is...
The Price of Silver (XAG/USD) is Falling for the Second Consecutive Week
Following a surge in the price of silver close to the important psychological level of $30 per ounce on April 12, bearish momentum is now evident - concluding the week may mark the second consecutive week of decline for XAG/USD.
The decline in demand for silver could be linked to the...
