The Fixed Range Volume Profile (FRVP) has long been favoured by traders for its ability to accurately predict the market direction and key turning points. However, its complex appearance can put some traders off. In this FXOpen article, we’ll take a deep dive into the FRVP, how to use it in a trading strategy, and some common mistakes to avoid.
The Fixed Range...
Will investors focus on commodities in the advent of tomorrow's FOMC Minutes?
Just over a day remains before the Federal Open Market Committee (FOMC) in the United States is set to release the minutes from its policy meeting, which was held at the end of January.
Ordinarily, announcements such as this are considered to be very important events in the global...
GBP/JPY: Price Corrects from 8.5 Year High
According to CNN, the economies of the UK and Japan entered a technical recession last week as data showed a second consecutive quarterly decline in gross domestic product. And if in the UK the economic downturn can be associated with high inflation and the strict policies of the Bank of England, then in Japan the...
How to Perform Order Flow Analysis in Forex
In trading, understanding the mechanics behind market movements is crucial. This article delves into the concept of order flow analysis, focusing on its unique challenges in the decentralised forex market, and offers alternative strategies rooted in supply and demand dynamics.
Order Flow Analysis and Its Limitations...
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TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company
According to media reports, Elon Musk has increased his stake in Tesla by more than one and a half times — previously, the billionaire owned approximately 13% of the shares, now he owns 20.5% of Tesla. And earlier it was reported that Musk wants to increase his stake in Tesla to at...
Gold Price Recovers from Year Lows
On Wednesday, the gold price XAU/USD set a year low due to news about inflation in the US, which “does not want” to decline to target levels.
As a result, market participants are revising their estimates regarding the price of gold with the prospect that the Fed's tight policy may last for a longer time, as well as taking into...
Trading Strategies with the Relative Strength Index
The Relative Strength Index (RSI) is a cornerstone in the world of technical analysis, assisting traders in capitalising on momentum-based opportunities. This article delves into three sophisticated RSI strategies, shedding light on how to deploy the indicator in different trading scenarios.
RSI in Trading...
Market Analysis: EUR/GBP Gains Strength
EUR/GBP is gaining pace and might extend its rally above the 0.8570 zone.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP started a fresh increase above the 0.8535 resistance zone.
There is a major bullish trend line forming with support near 0.8550 on the hourly chart at FXOpen.
EUR/GBP Technical...
Market Analysis: GBP/USD Attempts Recovery
GBP/USD is attempting a fresh increase from the 1.2535 zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound is attempting a recovery above the 1.2550 zone against the US Dollar.
There is a key rising channel forming with support at 1.2570 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Ethereum Price Exceeds $2,800
The last time the ETH/USD price was at this level was in May 2022, which was the start of a massive drop of more than 65% in 1.5 months.
However, now the ETH/USD market is dominated by bullish sentiment, for the following reasons:
→ deployment of the Dencun update on the Ethereum network this month, which will open up new...
AUD/USD Price Reaction to Labour Market News Provides Important Information for Analysis
Australia's unemployment rate rose to a two-year high of 4.1% in January, while employment was little changed although analysts had expected around 25,000 new jobs, data released this morning showed.
It is believed that weak labour market data should prompt central bank...
According to data published yesterday:
→ Core CPI: actual = 0.4%, expected = 0.3%, past values = 0.3%
→ CPI: actual = 0.3%, expected = 0.2%, past values = 0.3%
Thus, the statistics dealt a blow to the hopes of market participants that inflation in the United States is fading and the Fed will lower interest rates. The figures suggest that tight monetary policy...
GBP/USD Price Declining after Encouraging UK Inflation Data Release
After yesterday's disappointing US inflation data, market participants were wary of UK inflation data. But they turned out to be more favorable.
→ Core CPI: actual = 5.1%, expected = 5.2%, past values = 5.1%
→ CPI: actual = 4.0%, expected = 4.1%, past values = 4.0%
Although in absolute...
Market Analysis: Crude Oil Price Extends Rally
Crude oil price is rising and it could climb further higher toward the $80 resistance.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $76.10 resistance zone.
There is a key bullish trend line forming with support near $77.40 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Takes Hit
Gold price is declining below the $2,010 support zone.
Important Takeaways for Gold Prices Analysis Today
Gold price failed to clear the $2,032 resistance and corrected lower against the US Dollar.
It traded below a short-term rising channel with support at $2,020 on the hourly chart of gold at FXOpen.
Gold...
Rubber Band Strategy: How to Trade in a Flat Market
Navigating flat markets can often feel like sailing a ship with no wind. Yet, one strategy for flat trading, the Rubber Band, aims to change this perception by offering traders a disciplined approach to such conditions. Dive in to discover how to optimise your trading when the markets lack a clear trend.
The...
The last time the BTC price was above $50,000 was in December 2021, making its way to the low around $15,500 reached in November 2022.
Reaching the $50,000 level was facilitated by:
→ waiting for the halving, after which the price of Bitcoin is believed to receive a bullish impulse due to a reduction in supply;
→ the effect of the approval of a Bitcoin ETF;
→...
