What Are Tweezer Top and Bottom Candlesticks in Crypto Trading?
In crypto trading, candlestick patterns serve as crucial tools for traders to analyse market trends and anticipate reversals. Tweezer top and bottom candlesticks fall into this category. These distinctive formations grab traders' attention as they indicate potential trend reversals. This article...
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Price of Gold Briefly Exceeded $2,050 per Ounce
In addition to new records in the stock markets, the reaction to yesterday's news about inflation in the US was also a decrease in government bond yields and a rapid rise in the price of gold — the cost of XAU/USD jumped by 0.9% in just one hour, while the day's high exceeded USD 2,050 per ounce .
However, on...
Nasdaq-100 Price Hits All-time High after 4 Straight Months of Gains
The Nasdaq-100 index is holding above 18,000 today following yesterday's bullish momentum, fueled by inflation news.
The PCE consumer spending index amounted to 0.4% on a monthly basis, which was in line with analysts' expectations. A year ago, we recall, it was 0.6%. Thus, statistics indicate...
Market Analysis: USD/CAD Aims Higher
USD/CAD is rising and might aim for a move above the 1.3580 resistance zone.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3545 support zone.
There is a contracting triangle forming with resistance near 1.3580 on the hourly chart at FXOpen.
USD/CAD Technical Analysis...
Market Analysis: GBP/USD Struggles
GBP/USD is attempting a recovery wave from 1.2600.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.2700 resistance zone.
There is a key bearish trend line forming with resistance near 1.2665 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On...
Trading Strategies for Different Liquidity Conditions
Navigating the financial markets requires a keen understanding of liquidity conditions and their impact on trading strategies. From the bustling activity of high-liquidity markets to the more unpredictable nature of low-liquidity environments, each presents unique challenges and opportunities. This article...
USD/JPY Technical Analysis: Yen Strengthens after Comments from Japanese Officials
This week has raised alarm bells for USD/JPY market participants who are trading the bullish momentum that has been going on since early 2024 (shown in the blue curved lines on the USD/JPY chart):
→ Vice Finance Minister Masato Kanda warned against “excessive volatility” in...
BTC/USD Price Exceeds $60,000 Per Coin
Several factors contributed to this:
→ Effect associated with the approval of Bitcoin ETF. The media writes that investments in these financial instruments amount to about 9k bitcoins per day, and miners produce only 900 bitcoins per day. The total investment in the Bitcoin ETF after approval on January 11 is approaching...
Australian Dollar Weakens amid Inflation News
According to data published today by the Australian Bureau of Statistics, the Consumer Price Index (CPI) value was: actual 3.4%, expected = 3.6%, a month ago = 3.4%, 2 months ago = 4.3%.
Data shows Australia's consumer price growth rate is slowing, approaching targets of around 2%. This means less pressure on the...
AAPL Share Price Rises Nearly 1% after Scrapping Electric Vehicle Plans
In 2021, the release of an electric car from Apple was expected in 2025, in 2022, the deadline was shifted to 2026. As it became known yesterday from Bloomberg and WSJ, Apple decided to completely abandon the project.
Causes for this decision:
→ the electric vehicle market turned out to be...
Market Analysis: Crude Oil Price Eye More Upsides
Crude oil prices are gaining bullish momentum and might rise toward $80.00.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices rallied above the $76.55 and $77.00 resistance levels.
There is a key bullish trend line forming with support at $77.80 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Eye More Upsides
Gold price started a decent increase above the $2,028 resistance level.
Important Takeaways for Gold Prices Analysis Today
Gold price started a decent increase from the $2,015 zone against the US Dollar.
A key contracting triangle is forming with support near $2,028 on the hourly chart of gold at FXOpen.
...
Aroon Indicator: Identifying Trends and Momentum
The Aroon indicator is one of several technical analysis indicators that traders use to identify the direction of trends and establish when they are set to reverse.
In this FXOpen article, we describe how to use the Aroon indicator to buy and sell stocks as well as other assets and explain why traders use it in...
AMZN Share Price Hits 25-Month High After Inclusion in DJIA Index
As of February 26, Walgreens Boots Alliance (WBA) is no longer used in the calculation of the Dow Jones Industrial Average, replaced by Amazon (AMZN).
The planned index rebalancing was carried out because:
→ Walgreens shares currently have the lowest price among all companies included in the Dow...
After 8 consecutive days of growth, the price of NZD/USD is forming a bearish candle this morning, thereby indicating possible concerns among market participants at the beginning of a week full of important economic news:
→ On Wednesday, at 4:00 GMT+3, the RBNZ decision on interest rates will be published. There will also be a press conference by the leadership...
Bitcoin Price Risks Not Staying above $50k
On February 14, a strong bullish impulse was recorded in the BTC/USD market, which pushed the price of bitcoin to the area above USD 50k.
The main driver of growth was the effect of the launch of a bitcoin ETF. More than a month has passed since this event, and according to media reports, the ETF has seen an influx of...
How to Use MACD in Crypto Trading?
The crypto market is known for its volatility and complexity, often requiring the use of technical indicators to decipher price action. One of the preferred indicators amongst many crypto traders is the MACD. In this FXOpen article, we’ll delve into the MACD indicator, how it’s calculated, and how to use it for crypto...
