Market Analysis: NZD/USD Under Pressure, Downtrend Persists
NZD/USD is also moving lower and might struggle to recover above 0.5900.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD declined steadily from the 0.5930 resistance zone.
- There was a break below a short-term contracting triangle with support at 0.5865 on the hourly chart of NZD/USD at...
Market Analysis: AUD/USD Under Pressure, Downtrend Persists
AUD/USD declined below the 0.6500 and 0.6455 support levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6465 on the hourly...
Cross Currency Pairs and Strategies Connected with Them
Cross currency forex trading has emerged as an intriguing segment that presents unique opportunities and challenges. In this article, we discuss commonly traded pairs, liquidity challenges, and the factors influencing cross exchange rates. Additionally, we present three trading strategies to help traders...
Super Micro Computer (SMCI) Shares Surge Nearly 30%
Yesterday, the S&P 500 (tracked as US SPX 500 mini on FXOpen) hit another record high for the year, with Super Micro Computer (SMCI) leading the charge. SMCI shares soared by 28.50% during the session.
SMCI has been highly volatile this year. In the first 2.5 months, its stock price skyrocketed over 300%,...
What Are 52-Week Highs and Lows, and How Do Traders Use Them?
The 52-week high and low are crucial metrics in stock trading, providing insights into a stock’s performance over the past year. These levels offer valuable guidance on potential breakouts and reversals. In this FXOpen article, we’ll explore their importance for determining reversals and breakouts and...
XAG/USD Analysis: Silver Price Balances at Key Support
As reflected in the XAG/USD chart, the price of silver this morning is trading near $30.2, just above a critical support zone formed by:
→ The psychological level of $30.00;
→ The lower boundary of the ascending channel. As indicated by the blue arrows, this lower boundary has consistently provided support,...
MicroStrategy (MSTR) Stock Price Surged Over 60% in November
According to the MicroStrategy Incorporated (MSTR) stock chart:
→ At the start of November, the stock price was around $244;
→ Last Friday, it closed just below $395;
→ This represents a more than 60% increase in MSTR’s price over the month, making it one of the top performers on the U.S. stock...
How Traders Use Support and Resistance Indicators in Trading Strategies
In the dynamic realm of trading, traders employ a variety of tools to navigate the continually evolving market landscape. Among these, support and resistance stand out as pivotal instruments, aiding traders in understanding important price levels on the charts. This article seeks to explore...
Market Analysis: EUR/GBP Faces Pressure
EUR/GBP declined steadily below the 0.8340 and 0.8330 support levels.
Important Takeaways for EUR/GBP Analysis Today
- EUR/GBP is trading in a bearish zone below the 0.8330 pivot level.
- There is a connecting bearish trend line forming with resistance near 0.8305 on the hourly chart at FXOpen.
EUR/GBP Technical...
Market Analysis: GBP/USD Climbs Back
GBP/USD is attempting a recovery wave above the 1.2600 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2620.
- There is a key bullish trend line forming with support near 1.2680 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis...
Weekly Market Wrap With Gary Thomson: SP500, US Dollar, Brent Crude Oil, Black Friday
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- S&P 500 Index Hits a New Record
- Dollar Declines Following Weak...
USD/JPY Chart Analysis: Bears Target the 150 Yen per Dollar Level
Thanksgiving in the U.S. might have been expected to bring calm to financial markets, but Forex trading in Asia tells a different story following the release of Japan's Consumer Price Index (CPI).
According to Forex Factory:
→ Actual = 2.2%
→ Forecast = 2.0%
→ Previous = 1.8%
Signs of sustained...
HP Inc. (HPQ) Shares Drop 11%
HP Inc. (HPQ) shares plummeted 11% following the release of its quarterly earnings report:
→ Earnings per share (EPS): Actual = $0.93, Expected = $0.93
→ Revenue: Actual = $14.05 billion, Expected = $13.09 billion
While HP Inc.'s reported revenue and EPS aligned closely with analysts’ expectations, the market was disappointed by...
What Is a Standard Deviation, and How Can You Use It in Trading?
Understanding market volatility is essential for effective trading, and one of the most valuable tools for measuring it is standard deviation. This gauge quantifies the dispersion of asset prices around their mean and provides insights into the variability and potential risk associated with a...
Brent Crude Oil Consolidates Ahead of OPEC+ Meeting
The ATR indicator on the XBR/USD chart has dropped to its lowest level since early autumn, signalling reduced volatility. This likely reflects market participants awaiting announcements from the OPEC+ meeting scheduled for 1 December.
Overall, Brent crude prices remain under pressure due to:
→ reduced tensions...
What Is a Stock Average Down and How To Use It
Averaging down is a strategy usually used by investors to reduce the average cost of a stock by purchasing additional shares when the market declines. This approach can potentially improve returns if the stock rebounds. However, the strategy can be applied to other markets and used by traders. This article delves...
Spotify (SPOT) Shares Hover Near All-Time High
According to the Spotify (SPOT) chart:
→ The stock price has risen by over 150% since the start of 2024.
→ It has formed an ascending channel (marked in blue).
→ Growth accelerated in November, surpassing the $400 level and climbing to around $470.
The large bullish gap on 13 November followed the release of a Q3...
S&P 500 Index Hits a New Record
As shown on the S&P 500 chart (US SPX 500 mini on FXOpen), the stock index has reached a new record, surpassing the high set on 11 November.
Bullish sentiment on Wall Street was driven by the announcement that Trump has selected Scott Bessent, a renowned investor and hedge fund manager, as Treasury Secretary.
A technical...
