Market Analysis: EUR/USD Dives
EUR/USD declined from the 1.0880 resistance and corrected gains.
Important Takeaways for EUR/USD Analysis Today
- The Euro started a fresh decline below the 1.0850 support zone.
- There was a break below a connecting bullish trend line with support at 1.0805 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical...
A Bearish Gap on the Brent Crude Oil Chart
As the XBR/USD chart shows, Brent crude oil prices formed a gap at the start of this week: while Friday’s session closed at 75.60, Monday’s opening price dropped below 72.60.
According to Reuters, this development is tied to the fact that Israel’s recent missile strike on Iran did not impact oil or nuclear facilities,...
What Is a Falling Knife in Trading?
It’s often repeated that traders should ‘never catch a falling knife.’ This phrase highlights the risks of buying into a rapidly declining asset. Understanding what a falling knife is, its causes, and strategies for trading it may help traders navigate these sharp declines more effectively. This article delves into the...
DAX 40 Loses Upward Momentum
Today, Germany's PMI data was released, according to Forex Factory:
→ German Flash Manufacturing PMI: actual = 42.6, expected = 40.7, previous = 40.6;
→ German Flash Services PMI: actual = 51.4, expected = 50.6, previous = 50.6.
The DAX 40 index (Germany 40 mini on FXOpen) showed a slight intraday increase, which could be viewed...
Tesla (TSLA) Shares Surge by 11%
As shown by Tesla's stock chart, trading closed below $213.50 yesterday. However, following the main trading session, the company reported its third-quarter earnings:
→ Earnings per share (EPS): actual = $0.72, expected = $0.59
→ Gross revenue: actual = $25.46 billion, expected = $25.18 billion
Additionally, Tesla forecasted a...
4 of the Best Day Trading Strategies
Day trading is one of the most challenging approaches as it requires traders to make decisions quickly. Therefore, many traders like using established trading strategies. Explore the intricacies of day trading strategies in this article. For those keen on hands-on experience, consider using FXOpen's free TickTrader platform...
General Motors (GM) Shares Surge Nearly 10%
According to the chart for General Motors (GM), the following points stand out:
→ Yesterday, the share price closed above $53, a significant rise from just below $49 the previous day.
→ Since the beginning of the year, the stock has experienced an increase of around 50%.
The sharp rise in price can be attributed to...
Nikkei 225 Index Resumes Its Decline?
In mid-October, the Nikkei 225 index attempted to break through the psychological barrier of 40,000 points but ultimately reversed direction.
This week, the index has continued its downward trend, driven by concerns surrounding the upcoming elections for Japan's House of Representatives scheduled for October 27. According...
Market Analysis: WTI Crude Oil Eyes Recovery
Crude oil is recovering and might rise toward the $73.85 resistance zone.
Important Takeaways for Oil Price Analysis Today
- Crude oil is recovering losses and trading above the $70.50 support.
- There was a break above a connecting bearish trend line with resistance near $70.00 on the hourly chart of XTI/USD at...
Market Analysis: Gold Rallies To New ATH
Gold price started a fresh surge above $2,720.
Important Takeaways for Gold Price Analysis Today
- Gold price started a strong increase from the $2,645 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,735 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On...
How to Master Technical Analysis
Price action traders are avid chart enthusiasts, constantly scouring price charts for valuable insights. Their trading approach is deeply rooted in technical analysis, a method that has been in the books of market participants for centuries. This article will cover technical analysis strategies and go into advanced technical...
Trading with Moving Average Crossovers
Trading indicators and technical analysis are essential components of the financial markets, utilised by traders and investors to analyse price movements, identify trends, and make informed trading decisions. The moving average is an indicator that is used by many traders. This article will cover the best moving averages...
XAG/USD Analysis: Silver Price Approaching $35
Precious metal prices are fluctuating near multi-year highs due to safe-haven demand driven by:
→ Uncertainty surrounding the U.S. elections,
→ Ongoing tensions in the Middle East,
→ Expectations of central banks lowering interest rates.
As seen on the XAG/USD chart, silver prices:
→ Are near their highest levels...
Nvidia Shares (NVDA) Close Above $140 for the First Time
As shown on the Nvidia (NVDA) stock chart, yesterday’s candle closed above the psychological level of $140 for the first time in history. This represents a price increase of over 186% since the beginning of 2024 and more than a ninefold rise since early 2023, following the launch of ChatGPT.
According to...
Netflix (NFLX) Shares Hit Record High in Aggressive Move
Netflix (NFLX) shares reached a record high in a dynamic move. As shown in Netflix's stock chart, the price hit an all-time peak, with Friday’s candle closing above $760. This follows an aggressive rebound, given that on Thursday, the price had fallen below the psychological level of $700.
This sharp move...
EUR/USD Approaching Key Support Level
Last week, the European Central Bank (ECB) cut interest rates as expected, marking the third reduction this year. According to Trading Economics, market participants speculate there could be another rate cut in December. This dovish stance is weakening the euro, as the ECB signals deteriorating economic prospects in the...
Market Analysis: NZD/USD Could Recover In Short-Term
NZD/USD could gain bullish momentum if there is a clear move above the 0.6090 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.6050 resistance.
- There was a break above a major bearish trend line with resistance near 0.6075 on the hourly...
