What Is a Pin Bar Candle, and How Can You Use It in Trading?
Understanding candlestick patterns is key for traders aiming to analyse market movements. One particularly insightful pattern is the pin bar candle, which can reveal crucial information about market sentiment and potential price reversals. In this article, we'll explore what this candle is and how...
Morgan Stanley (MS) Shares Display Strength Ahead of Earnings Release
The stock market is eagerly awaiting the start of the quarterly earnings season. Traditionally, it kicks off with reports from major players in the financial sector, including Morgan Stanley (MS). The bank's earnings report is scheduled for tomorrow, Thursday, before the opening of the main...
Market Analysis: WTI Crude Oil Price Regains Momentum
WTI Crude oil prices climbed higher above $77.00 and might extend gains.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices extended gains above the $74.40 and $76.50 resistance levels.
- There is a short-term declining channel forming with support at $76.00 on the hourly...
Market Analysis: Gold Price Regains Momentum
Gold price started a fresh increase above the $2,665 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $2,630 zone against the US Dollar.
- It cleared a key bearish trend line with resistance at $2,670 on the hourly chart of gold at FXOpen.
...
GBP/USD Analysis: Bulls Find Renewed Hope
This morning, UK inflation data was released, as reported by ForexFactory:
Consumer Price Index (CPI): actual = 2.5%, expected = 2.6%, previous = 2.6%;
Core CPI: actual = 3.2%, expected = 3.4%, previous = 3.5%.
The foreign exchange market reacted with a surge in volatility as UK inflation showed a decline.
At the same...
Master Short-term Trading in Stock, Forex, and Crypto Markets
Short-term trading is a fast-paced approach that demands skill, strategy, and quick decision-making to capitalise on small price moves in financial markets like stocks, forex, and crypto. This article dives into advanced techniques, adaptive strategies, and psychological discipline needed to improve...
Tesla (TSLA) Stock Price Rises Above $400
According to the Tesla (TSLA) chart, the stock price increased by 2% on Monday, closing above the key psychological level of $400.
Bullish sentiment was driven by Morgan Stanley analysts raising their target price for Tesla (TSLA) from $400 to $430, citing the company's "highly promising" progress in autonomous vehicle...
Brent Oil Price Retreats from a 3-Month High
On January 6, while analysing the XBR/USD chart, we:
→ constructed an upward structure using blue trend lines;
→ highlighted the potential for a pullback after the formation of peaks A and B around the $76.20 level.
What happened next?
As shown on the XBR/USD chart, Brent oil prices retreated on January 8 to the...
Price Action Trading: Key Concepts
Price action is a popular trading method where traders analyse raw price movements on a chart, without relying on technical indicators. Traders identify patterns, trends, and key levels that help them understand market behaviour. This article explores what price action is, the key concepts, and how to get started with a price...
Market Insights with Gary Thomson: UK & US Inflation, UK GDP Growth, Corporate Earnings Statements
We’re excited to launch our new forward-looking ‘Market Insights’ series! Hosted by FXOpen’s UK COO, Gary Thomson, this series provides a fresh perspective on global markets, highlighting upcoming economic data, geopolitical events, and central bank...
Apple (AAPL) Stock Price Drops Below $240
The last time Apple (AAPL) stock traded below the $240 mark was in late November last year.
Bearish sentiment is being driven by negative news surrounding the company:
→ CNBC reports analysts' views that the excessively thin design of the new iPhone SE 4 models will complicate sales in China. The analysts also note a...
S&P 500 Index Drops to 2-Month Low
On Friday, the US unemployment data was released, as reported by ForexFactory:
→ The unemployment rate dropped from 4.2% to 4.1%;
→ The number of new jobs (Non-Farm Employment Change) increased by 256,000 over the month, although analysts had forecast an increase of 164,000 (previous value = 212,000).
According to Reuters, the...
Market Analysis: NZD/USD Under Fire, Deeper Losses Ahead?
NZD/USD is also moving lower and might extend losses below 0.5540.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5690 resistance zone.
- There is a short-term bearish trend line forming with resistance at 0.5580 on the hourly chart of NZD/USD at FXOpen.
...
Market Analysis: AUD/USD Under Fire, Deeper Losses Ahead?
AUD/USD declined below the 0.6350 and 0.6250 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6300 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6175 on the hourly...
How Do Traders Identify Overbought and Oversold Stocks?
Identifying overbought and oversold stocks is a key part of technical analysis for traders. These conditions occur when a market’s price moves to extremes—either too high or too low—compared to its recent performance. By recognising these signals, traders can spot potential turning points in the market....
AUD/USD Analysis: Exchange Rate Holds at a 56-Month Low
As seen on the AUD/USD chart, yesterday the exchange rate fell below the level of 0.618 Australian dollars per 1 US dollar. The last time the Australian dollar was this weak was in April 2020, during the global spread of the coronavirus.
The decline followed the release of inflation data from Australia...
EBAY Share Price Jumps Over 9% in a Day
Yesterday, traders focused on:
→ labour market news, which showed a slight decrease in new unemployment claims;
→ comments from the Federal Reserve: Christopher Waller stated that inflation is expected to fall to the target rate of 2% in the medium term, and further monetary easing would be "appropriate".
However, these...
USD/CNH Near Key Resistance: 2025 Outlook
As shown by today’s USD/CNH chart:
→ the pair is trading around 7.35 yuan per US dollar;
→ historically, this level has acted as resistance, pushing the exchange rate lower in autumn 2022 and autumn 2023, as bulls briefly broke above but failed to sustain gains.
The current approach to this resistance level is partly...
