Stock Market Analysis: NVDA Losing Leadership?
Since the start of the week, the S&P-500 Index (US500) is up about 0.58% while NVDA's share price is down about 3.8%. This is a worrying sign for Nvidia stock investors — could it be a sign that NVDA is no longer the market leader?
Dubravko Lakos-Bujas, JPMorgan's chief equity strategist, warned of a potential...
EUR/USD Analysis: The Price Today Has Set Its Minimum Since the Beginning of March
As the EUR/USD chart shows at the start of the European session today, the exchange rate has dropped below EUR 1.08 per US dollar.
Tuesday's news contributed to this. According to Nasdaq.com, on March 26, 2024, The Conference Board published a report for March, according to which...
NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels
On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by:
→ Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their...
Market Analysis: USD/CAD Gains Bullish Pace
USD/CAD is rising and might aim for more gains above the 1.3610 resistance.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3555 support zone.
There was a break above a major bearish trend line with resistance near 1.3575 on the hourly chart at FXOpen.
USD/CAD...
Market Analysis: GBP/USD Dives
GBP/USD declined below the 1.2665 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.2800 resistance zone.
There was a break below a key rising channel with support at 1.2630 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the...
How to Trade a High Wave Pattern
In the dynamic world of trading, the high wave candlestick pattern emerges as a potent instrument, offering valuable insights to traders as they navigate the intricate terrain of financial markets. As we venture into the setup, this exploration will illuminate its fundamental principles, strategies, and tools that empower traders...
USD/JPY Price Analysis: Consolidation ahead of US News
This morning, news about inflation in Japan was published. It did not bring any surprises — inflation in Japan is gradually weakening as expected. Core CPI in annual terms: actual = 2.3%, forecast = 2.5%, a month ago = 2.6%, a year ago = 3.0%.
We also note that the official position is aimed at preventing...
Bitcoin Price Recovered over the Weekend, But Market Anxiety Remains
From the point of view of technical analysis of BTC/USD, on Friday evening the price of Bitcoin was near the lower boundary of the ascending channel (shown in blue). This was alarming as it indicated that the market action could result in a weekly bearish candle forming with the price of BTC...
All-Time Low and All-Time High Trading Strategies
In the volatile world of trading, mastering all-time high trading strategies and understanding how to navigate all-time lows are key. This FXOpen article delves into the nuanced tactics and insights that may help you navigate the peaks and troughs of market conditions, offering comprehensive insights if you are...
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GBP/USD Price Falls to 1.26 after Bank of England Decision
Yesterday, the GBP/USD market experienced a day of intense volatility due to a number of news items. According to Trading Economics:
→ UK retail sales were flat last month after a strong rise of 3.6% in January, contrasting with market expectations of a 0.3% decline.
→ The Bank of England decided to...
AAPL Share Price Falls More Than 4% after Antitrust Lawsuit
Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors.
“Each step in Apple's course of conduct built and reinforced the moat around its smartphone...
Market Analysis: NZD/USD Signal More Losses
NZD/USD is also moving lower and might trade below the 0.6000 zone.
Important Takeaways for NZD/USD Analysis Today
NZD/USD declined steadily from the 0.6105 resistance zone.
There was a break below a key bullish trend line with support at 0.6040 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical...
Market Analysis: AUD/USD Signal More Losses
AUD/USD declined below the 0.6575 and 0.6550 support levels.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6600 level against the US Dollar.
There was a break below a connecting bullish trend line with support at 0.6570 on the hourly chart of...
Tweezer Candlestick Patterns for Trend Trading
There are numerous patterns and indicators that can help traders determine the formation of a new trend. One valuable tool in a trader's arsenal is the Tweezer candlestick pattern. In this FXOpen article, we will discuss the definition of Tweezers, elucidate the importance of these patterns in trading, and emphasise...
The price of the S&P 500 set a historical record amid news from the Fed
On March 14, we wrote: “The US500 stock index market is showing signs of positivity, indicating that an attempt to overcome the resistance of 5,200 points with a new record high may be made in the near future.” Yesterday's event created the momentum that allowed the bulls to do this.
On...
USD/CHF Analysis: SNB Decision Breaks Multi-month Trend
According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF.
His words in January seem to...
TSLA analysis: Price Returns to Above the $170 Level, But for How Long?
After forming a low of the year on March 14, the TSLA share price managed to rise above the USD 170 level — investors reacted positively to Tesla’s decision to increase prices for electric vehicles in the US and Europe.
However, the TSLA stock market remains under pressure:
the TSLA price...
