What Are the Most Popular Trading Exit Strategies?
In trading, having a solid exit strategy is essential for managing risk and securing potential returns. This FXOpen article explores four popular exit strategies, offering traders a comprehensive look at how to refine their exit plans and potentially improve their trading performance.
The Importance of Trading...
XAU/USD Gold Price Reaches an Important Resistance Zone
The XAU/USD gold chart today indicates that the historical record price of the metal is above USD 2,400 per ounce.
In addition to fears of a new round of inflation due to rising commodity prices, geopolitical tensions are seen as the most important reason for the growth. At the moment, there are both...
Brent Oil Price Did Not Rise Despite Iran's Attack on Israel
As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and the fact of the strike could provoke further escalation in the region.
However, at the beginning of the trading...
What Is a Chaikin Volatility Indicator in Trading?
Understanding volatility is crucial for creating effective trading strategies. One popular tool used when measuring volatility is the Chaikin Volatility indicator. In this article, we will take an in-depth look at this tool, how it’s calculated, and how to use it when trading.
What Is the Chaikin Volatility...
Weekly Market Wrap With Gary Thomson: FTSE, NZD/USD, USD, USD/JPY
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.
FTSE 100's Holy Grail of 8,000 Continues to Be a Pipe Dream
NZD/USD Rate Increases...
S&P 500 Price Consolidates ahead of Earnings Season
On April 4, we wrote that the S&P 500 is showing signs of weakness around the 5,250 level. How is the situation on the stock market developing by today, which is the start of the reporting season for the first quarter?
The S&P 500 fell sharply on Wednesday amid higher-than-expected inflation data.
But the S&P...
Analysis: EUR/USD Close to Year’s Low after ECB Decision
As predicted by analysts, the European Central Bank did not change the interest rate yesterday, keeping it at = 4.50%. This morning the EUR/USD rate is near the psychological level of 1.0700, which approximately corresponds to the 2024 low.
The key driver of the euro's decline is the prospect that the ECB...
Market Analysis: Gold Price Hits New High
Gold price surged toward the $2,400 zone and traded to a new all-time high.
Important Takeaways for Gold Price Analysis Today
Gold price started a strong increase above the $2,350 zone against the US Dollar.
It broke a key bearish trend line with resistance at $2,345 on the hourly chart of gold at FXOpen.
...
Market Analysis: Crude Oil Price Consolidates
Crude oil is attempting a fresh increase above the $85.00 zone.
Important Takeaways for Oil Price Analysis Today
Crude oil is consolidating above the $84.00 support.
There is a connecting bearish trend line forming with resistance near $85.60 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical...
How to Use the Best Klinger Oscillator
In the ever-evolving world of trading, finding the right tools and indicators to stay ahead of the game is crucial. One such tool that has withstood the test of time and continues to be popular among traders in 2023 is the Klinger oscillator. In this article, we will discuss what the Klinger oscillator is, how it works, and...
USD/JPY Rises to Highest Since 1990
This morning the USD/JPY rate is around 153.20 yen per US dollar, which was facilitated by a sharp strengthening of the dollar against the backdrop of news about inflation in the United States. Thus, the yen weakened to levels last seen in mid-1990.
At the same time, an important event occurred — a bullish breakdown of the...
Inflation Data Sharply Strengthens the US Dollar
Data on consumer prices and core inflation published yesterday exceeded expectations. According to ForexFactory:
→ Core CPI in monthly terms: actual = 0.4%, expected = 0.3%, a month ago = 0.4%;
→ CPI in annual terms: actual = 3.5%, forecast was = 3.4%, previous value = 3.2% with a target value of 2%.
As a result...
NZD/USD Rate Increases after the Decision of the Reserve Bank of New Zealand
This morning the Reserve Bank of New Zealand (RBNZ) decided to keep interest rates unchanged at 5.5%:
→ the decision to keep the interest rate at this high level is made for the sixth time in a row;
→ the RBNZ said rates should remain high for some time to ensure inflation is...
ADA Drops to Last Place in the Top 10 Cryptocurrencies
ADA, the native blockchain token of the Cardano network, has dropped to 10th place among the cryptocurrencies with the largest capitalization. Today, according to CoinMarketCap, the capitalization of Cardano (ADA) is USD 20.7 billion.
On the one hand, this happened due to the success of such competitors...
Market Analysis: EUR/GBP Dips to Support
EUR/GBP declined steadily below the 0.8572 and 0.8566 support levels.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP is trading in a bearish zone below the 0.8572 pivot level.
There is a connecting bearish trend line forming with resistance near 0.8562 on the hourly chart at FXOpen.
EUR/GBP Technical...
Market Analysis: GBP/USD Recovers
GBP/USD is gaining pace above the 1.2660 resistance.
Important Takeaways for GBP/USD Analysis Today
The British Pound is attempting a fresh increase above 1.2660.
There is a key bullish trend line forming with support near 1.2670 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly...
How to Use Fibonacci Retracements for Crypto
Fibonacci retracements have long been used in traditional financial markets. However, with the advent of crypto trading, they’ve also found popularity amongst digital asset traders. In this article, we answer the question “What is Fibonacci in crypto?”, discuss how to trade retracements and offer some strategies you...
The Market Is Waiting for Inflation Values in the US
Tomorrow one of the most significant events of the week will take place, which can greatly affect the sentiment of participants in both the currency and stock markets - at 15:30 GMT+3 inflation data will be published, namely: the values of the CPI (Consumer Price Index) and Core indices CPI.
According to...
