USD/JPY Technical Analysis: Yen Strengthens after Comments from Japanese Officials
This week has raised alarm bells for USD/JPY market participants who are trading the bullish momentum that has been going on since early 2024 (shown in the blue curved lines on the USD/JPY chart):
→ Vice Finance Minister Masato Kanda warned against “excessive volatility” in...
BTC/USD Price Exceeds $60,000 Per Coin
Several factors contributed to this:
→ Effect associated with the approval of Bitcoin ETF. The media writes that investments in these financial instruments amount to about 9k bitcoins per day, and miners produce only 900 bitcoins per day. The total investment in the Bitcoin ETF after approval on January 11 is approaching...
Australian Dollar Weakens amid Inflation News
According to data published today by the Australian Bureau of Statistics, the Consumer Price Index (CPI) value was: actual 3.4%, expected = 3.6%, a month ago = 3.4%, 2 months ago = 4.3%.
Data shows Australia's consumer price growth rate is slowing, approaching targets of around 2%. This means less pressure on the...
AAPL Share Price Rises Nearly 1% after Scrapping Electric Vehicle Plans
In 2021, the release of an electric car from Apple was expected in 2025, in 2022, the deadline was shifted to 2026. As it became known yesterday from Bloomberg and WSJ, Apple decided to completely abandon the project.
Causes for this decision:
→ the electric vehicle market turned out to be...
Market Analysis: Crude Oil Price Eye More Upsides
Crude oil prices are gaining bullish momentum and might rise toward $80.00.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices rallied above the $76.55 and $77.00 resistance levels.
There is a key bullish trend line forming with support at $77.80 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Eye More Upsides
Gold price started a decent increase above the $2,028 resistance level.
Important Takeaways for Gold Prices Analysis Today
Gold price started a decent increase from the $2,015 zone against the US Dollar.
A key contracting triangle is forming with support near $2,028 on the hourly chart of gold at FXOpen.
...
Aroon Indicator: Identifying Trends and Momentum
The Aroon indicator is one of several technical analysis indicators that traders use to identify the direction of trends and establish when they are set to reverse.
In this FXOpen article, we describe how to use the Aroon indicator to buy and sell stocks as well as other assets and explain why traders use it in...
AMZN Share Price Hits 25-Month High After Inclusion in DJIA Index
As of February 26, Walgreens Boots Alliance (WBA) is no longer used in the calculation of the Dow Jones Industrial Average, replaced by Amazon (AMZN).
The planned index rebalancing was carried out because:
→ Walgreens shares currently have the lowest price among all companies included in the Dow...
After 8 consecutive days of growth, the price of NZD/USD is forming a bearish candle this morning, thereby indicating possible concerns among market participants at the beginning of a week full of important economic news:
→ On Wednesday, at 4:00 GMT+3, the RBNZ decision on interest rates will be published. There will also be a press conference by the leadership...
Bitcoin Price Risks Not Staying above $50k
On February 14, a strong bullish impulse was recorded in the BTC/USD market, which pushed the price of bitcoin to the area above USD 50k.
The main driver of growth was the effect of the launch of a bitcoin ETF. More than a month has passed since this event, and according to media reports, the ETF has seen an influx of...
How to Use MACD in Crypto Trading?
The crypto market is known for its volatility and complexity, often requiring the use of technical indicators to decipher price action. One of the preferred indicators amongst many crypto traders is the MACD. In this FXOpen article, we’ll delve into the MACD indicator, how it’s calculated, and how to use it for crypto...
Nvidia's Successes Helps S&P 500 Price Reach Its All-time High
Yesterday, the price of the S&P 500 stock index rose to record closing highs on Thursday. Moreover, such a growth rate (+2.11% per day) has not been observed for 13 months.
Reasons for Extremely Bullish Sentiment:
→ Nvidia's report, which showed impressive earnings and prospects (the company...
Market Analysis: NZD/USD Grind Higher Steadily
NZD/USD is also rising and could extend its increase above the 0.6220 resistance zone.
Important Takeaways for NZD/USD Analysis Today
NZD/USD is showing positive signs above the 0.6180 support.
There is a major bullish trend line forming with support at 0.6190 on the hourly chart of NZD/USD at FXOpen.
...
Market Analysis: AUD/USD Grind Higher Steadily
AUD/USD is moving higher and might rally if it clears 0.6600.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar is moving higher from the 0.6540 zone against the US Dollar.
There is a key bullish trend line forming with support at 0.6555 on the hourly chart of AUD/USD at FXOpen.
AUD/USD...
Three Simple Intraday Strategies
Intraday trading is a technique that commands your attention, rewarding those who can swiftly analyse market data and act decisively. Armed with the right strategies, traders can make the most of market fluctuations within a single trading day. This article explores three successful intraday trading strategies: Breakout + 50%...
EUR/USD Analysis: Euro Showing Signs of Strength
Today news was published about the values of PMI indices for European economies. Data from France was encouraging:
→ French Flash Manufacturing PMI: actual = 46.8, expected = 43.5, a month ago = 43.1;
→ French Flash Services PMI: actual = 48.0, expected = 45.7, a month ago = 45.4.
Data from Germany were less...
NVDA Share Price Soars 11% after Report
The signs of concern we wrote about yesterday have largely subsided. After three days of declines, the price of E-mini Nasdaq 100 futures bounced off the lower boundary of the channel (see yesterday's chart) and rose, led by NVDA stock.
Nvidia's quarterly report exceeded expectations:
→ earnings per share: actual = USD...
We previously wrote about the reasons for the positive sentiment in the ETH/USD market.
Optimism was added by a post on X (Twitter) by Vitalik Buterin about the so-called Werkle trees. This technology, which should (according to the information in the roadmap) be introduced in the future, it includes the advantages of:
→ reduced requirements for validators;
→...
