Shooting Star Pattern: Meaning and Trading Rules
In the fast-paced world of trading, recognising key chart patterns is crucial for informed decision-making. One pattern that traders often look for is the shooting star trading pattern. This article will delve into what a shooting star pattern is, how to spot it on a chart, its associated trading strategies, and...
Share Price of Analog Devices (ADI) Soars by Approximately 10% in a Day
The S&P 500 Index (US SPX 500 mini on FXOpen) set a new record yesterday, following the release of minutes from the latest Federal Reserve monetary policy meeting. As it became known, committee members would like to see inflation decline further; however, in their view, potential changes in...
DAX Stock Index Plunges
As we noted six days ago, European stock markets were showing optimism amid expectations that the armed conflict in Ukraine—now approaching its third year—would be resolved. During this period, the DAX 40 (Germany 40 mini on FXOpen) gained approximately 1.6%, setting a historic record.
However, sentiment appears to be shifting in the...
How Do Traders Spot and Use the Dragonfly Doji Candlestick Pattern?
The dragonfly doji candlestick pattern holds intrigue and fascination for traders in financial markets. Its distinct shape and positioning on price charts make it a keen subject for observation and analysis. In this article, we will explore this setup, its significance, and how traders use it in...
Natural Gas Price Hits Highest Level Since January 2023
The XNG/USD chart today shows that natural gas prices have surpassed the December 2024 peak, breaking through the key psychological level of $4.000/MMBtu. Since early February, prices have surged by over 20%.
Why Is Natural Gas Price Rising?
According to The Wall Street Journal, the bullish sentiment is...
Alibaba Shares (BABA) Hit 12-Month High Ahead of Earnings Report
Chinese e-commerce giant Alibaba is set to release its quarterly earnings report on 20 February. The Wall Street Journal cites optimistic analyst estimates, projecting gross revenue of 279.03 billion yuan (approximately $38 billion), up from 260.35 billion yuan a year ago and 236.50 billion yuan in...
Market Analysis: USD/JPY Turns Red
USD/JPY declined below 153.00 and is currently consolidating losses.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY is trading in a bearish zone below the 153.00 and 152.50 levels.
- There is a short-term rising channel forming with support near 151.60 on the hourly chart at FXOpen.
USD/JPY Technical Analysis...
Market Analysis: EUR/USD Gains Pace
EUR/USD started a decent upward move above the 1.0460 resistance.
Important Takeaways for EUR/USD Analysis Today
- The Euro found support and started a recovery wave above the 1.0400 resistance zone.
- There is a connecting bearish trend line forming with resistance at 1.0460 on the hourly chart of EUR/USD at FXOpen.
...
Martingale and Anti-Martingale Position Size Trading Strategies
Martingale and Anti-Martingale trading strategies are contrasting approaches to risk management. While one doubles down on potential losses to recover with a single effective trade, the other scales up on potentially effective trades and reduces positions when suffering losses. Both have their...
Warren Buffett Sells Bank Shares
On Friday, Berkshire Hathaway’s 13F filing (a quarterly report required by the U.S. Securities and Exchange Commission from institutional investment managers overseeing more than $100 million in assets) revealed that Warren Buffett’s company:
→ Maintained its Apple (AAPL) position at 300 million shares;
→ Continued selling Bank...
AUD/USD Trades Near Year’s High After RBA Decision
Today, the Reserve Bank of Australia (RBA) eased monetary policy, cutting the interest rate from 4.35% to 4.10%, according to Forex Factory.
As reported by Reuters:
→ This marks the first easing since the 2020 pandemic;
→ RBA Governor Michele Bullock stated that market expectations for two more cuts this year...
Mastering the Marubozu Candlestick Pattern in Trading
Have you been looking at a chart for hours, wondering when to buy or sell? In one moment, the chart is green, screaming “buy.” Next, it’s all red, and the price is falling. Buying or selling becomes a tough decision if you resonate with this. However, candlesticks on your chart can help you.
This FXOpen...
Market Insights with Gary Thomson: RBA Rates, UK and Canada’s Inflation, Metals, Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode:
- RBA...
Super Micro Computer (SMCI) Shares Surge 13%
The Super Micro Computer, Inc. (SMCI) stock chart shows:
→ Friday’s closing price rose over 13% from Thursday’s close;
→ The stock has surged more than 80% from its February low;
→ Friday’s close marked the highest level since late October 2024.
SMCI’s rally comes despite an 11 February quarterly report that missed...
Market Analysis: WTI Crude Oil Struggles
Crude oil is showing bearish signs and might decline below $70.00.
Important Takeaways for WTI Crude Oil Price Analysis Today
- WTI Crude oil prices failed to clear the $73.50 region and started a fresh decline.
- There is a key bearish trend line forming with resistance at $71.00 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Break Record
Gold price rallied further and traded to a new all-time high.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase above the $2,880 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,885 on the hourly chart of gold at FXOpen.
Gold Price...
European Stocks Rise for Sixth Consecutive Week
According to the Eurostoxx 50 index (Europe 50 on FXOpen) chart:
→ The index has gained over 6% since early February.
→ It is now trading at an all-time high.
Factors driving market optimism:
→ Expectations of a ceasefire in Ukraine.
→ Trump’s decision to delay tariff implementation until April, signalling room...
META Stock Rises for 19 Consecutive Sessions
According to the Meta Platforms (META) stock chart:
→ Based on closing prices, the stock has posted 19 consecutive daily gains since 17 January.
→ META has reached an all-time high, solidifying above the key $700 per share level.
Bullish sentiment was driven by a strong Q4 earnings report that exceeded analyst...
