The first day of October coincided with the first attempt of the bulls to overcome the resistance level of USD 28,000 per coin, but on the 2nd of October, the sellers showed their presence. Since that time, the price has repeatedly exceeded the level of 28k, but each time not for long, after which a decline followed.
Yesterday, there was another such decline. As...
As the chart shows, yesterday, the price of gas rose above USD 3.60 for the first time since January of this year.
It can be assumed that events in Israel contributed to the price increase, since the Middle East is an important supplier of gas.
However, note that the bullish momentum started much earlier — gas prices have risen approximately 20% since the...
On Friday, trading in WTI oil futures on the NYMEX closed at USD 82.81 per barrel. And on Monday morning, they opened at a price of USD 85.25 and began to quickly rise in price, reaching 87.24. Natural gas prices have also risen sharply.
The reason is Saturday's attack on Israel. And, of course, associations arise with the oil crisis of 1973, when Arab...
The Awesome Oscillator (AO), a brainchild of Bill Williams, is a crucial tool in technical analysis, giving traders a clear view of market momentum and potential trend shifts. Designed as a histogram oscillating around a zero line, the AO provides nuanced insights into asset momentum. In this article, we explore the intricacies of this indicator, including its...
Yesterday, the NFLX share price dropped below USD 370, the lowest since late May of this year, and about -22% from the July peak.
Note that on July 6, we wrote that the NFLX stock price could meet resistance at USD 450 per share, and the signals from the chart gave bearish warnings. Just since July, the stock price began to perform worse than the broad S&P 500...
On Tuesday, the US dollar rose above the psychological level of 150 for the first time since October 2022 before falling sharply to a low of 147.30 as the yen rose.
The media are discussing whether this movement confirms the fact of intervention on the part of the Japanese authorities.
On the one hand, there are opinions that the yen's movement on Tuesday was...
NZD/USD is also rising and facing a major hurdle near the 0.5980 level.
Important Takeaways for NZD/USD Analysis Today
· NZD/USD is attempting a recovery wave above the 0.5930 resistance.
· There is a major bullish trend line forming with support near 0.5950 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of...
AUD/USD is attempting a recovery wave from 0.6285.
Important Takeaways for AUD/USD Analysis Today
· The Aussie Dollar found support near 0.5870 and is now recovering against the US Dollar.
· There is a key rising channel forming with resistance near 0.6385 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD...
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 in Forex
Order flow analysis serves as a...
As it became known yesterday:
→ Tim Cook sold shares, selling 511k of his existing package of more than 3 million shares. For information: in 2023, he took a salary reduction of approximately 40%, but increased the size of the bonus (tied to the company's success) in the form of shares from 50% to 75%.
→ Investment bank KeyBanc Capital Markets downgraded AAPL...
This happened against the backdrop of rising US bond yields. Reuters writes that it is in the region of a 16-year high. It is reasonable to assume that big capital was balancing its defensive portfolio by selling the franc, considered a safe haven, and buying dollars to invest in American bonds, which also have high-quality status.
On July 13, we wrote that the...
In our article “Oil Analysis: Finally, A Bearish Reversal?” on September 21, we drew attention to emerging signs that the initiative was shifting to the bears. This was noticeable in the changes in the dynamics of impulses and corrections, as well as in the analysis of the interaction between trading volumes and prices.
Since then, the bulls were able to update...
Job openings rose to 9.6 million in August, the highest level since April, the US Bureau of Labor Statistics reported yesterday. That's nearly 700,000 more than in July and well above the Dow Jones forecast of 8.8 million.
A strong labor market may indicate a growing economy, but why did E-mini S&P 500 futures fall to their lowest level since early summer? It's...
USD/JPY is again rising and might climb toward the 150.00 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 148.00 and 148.75 levels.
· There was a rejection noticed near a bearish trend line at 150.15 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started...
EUR/USD remained in a bearish zone and declined below 1.0530.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline below the 1.0530 support zone.
· There is a short-term bearish trend line forming with resistance near 1.0475 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
How to Measure Volumes with the Volume Profile Visible Range Indicator
In the intricate landscape of financial markets, grasping the significance of trading volume across various assets is paramount. This aspect of the market represents the ability to dissect and comprehend its dynamics— a skill often developed by experienced traders. Working with established...
Never in its history has the euro fallen for 11 weeks in a row against the dollar, but it happened. The minimum has been set for 2023.
The reason seems to be that in an environment where central banks are raising rates to combat inflation, the US economy appears to be favored. Yesterday's batch of news confirmed this:
→ US ISM Manufacturing PMI index turned out...
Last week, the Meta Connect event took place, where the following were presented:
→ new Ray-Ban Meta Smart Glasses with a camera and microphones, including for broadcasting on social networks. The price of the gadget is USD 299;
→ Meta Quest 3 virtual reality helmet priced at USD 499;
→ AI characters for social networks, as well as Meta AI chatbot.
Overall, the...
