How Can You Trade Using Order Flow? 3 Trading Strategies
Understanding the intricacies of order flow trading unlocks the door to deeper market insights, revealing not just the movements of prices but the forces driving them. In this FXOpen article, we’ll explore how order flow works, its components, and how it can be used within three comprehensive trading...
Market Analysis: NZD/USD Could Continue Higher
NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200.
Important Takeaways for NZD USD Analysis Today
NZD/USD is gaining pace above the 0.6145 support zone.
There is a major bullish trend line forming with support at 0.6170 on the hourly chart of NZD/USD at FXOpen.
NZD/USD...
Market Analysis: AUD/USD Could Continue Higher
AUD/USD is correcting gains from the 0.6700 zone.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a downside correction from 0.6700 against the US Dollar.
There is a key bullish trend line forming with support at 0.6645 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical...
Analysis of PFE Price: Is the Stock Undervalued?
Yesterday, the price of Pfizer's stock rose by more than 2.2%, while the S&P 500 index remained almost unchanged from the opening to the closing of trading. This fact is noteworthy, considering that for many months the price of PFE stock performed worse than the market - if the S&P 500 grew by 23% during 2023,...
AUD/USD Analysis: US Dollar Rebounds from Decline
Yesterday, the PMI Manufacturing indices for several countries were published. The news turned out to be disappointing for the US - according to ForexFactory:
→ Final Manufacturing PMI: actual = 51.3; expected = 50.9; previous value = 50.9;
→ ISM Manufacturing PMI: actual = 48.7; expected = 49.8; previous value =...
MSFT Shares Surge on Record Yearly Volumes
On Friday, 31 May, almost 48 million Microsoft shares were traded on the NASDAQ – the highest number since the start of 2024. Meanwhile, the MSFT price chart formed a “hammer” candle:
→ trading opened at $416.75 per MSFT share;
→ mid-session, the price dropped below $406;
→ however, by the end of trading, the price had...
WTI Oil Price Unchanged After OPEC+ Meeting
The OPEC+ meeting over the weekend did not have a substantial impact on the price of crude oil. As the chart shows, WTI oil opened today at $76.72 per barrel, while on Friday it closed at $76.57 – indicating that the decision made by oil producers is ambiguous.
The bullish argument is that restrictions on oil...
Order Blocks and Breaker Blocks and How To Trade Them
In the intricate world of trading, especially within the forex markets, understanding the mechanics behind order blocks and breaker blocks is paramount. These concepts, rooted in the actions of institutional participants, offer a window into the potential future price movements. In this article, we’ll explore...
USD/CHF Rate Falls Over 1% After SNB Chief's Statements
As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%.
According to MT Newswires, the franc's strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his...
NIO Shares Surged Over 9% on Sales Growth Expectations
As evidenced by the NIO stock price chart, yesterday's trading closed at $4.93, while today the NIO share price is around $5.40, indicating an increase of over 9%.
According to MarketWatch, the rise is driven by expectations that the Chinese electric vehicle manufacturer's deliveries are likely to reach...
Market Analysis: USD/CAD Eyes More Gains
USD/CAD is rising and might aim for a move above the 1.3690 resistance zone.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3660 support zone.
There is a connecting bearish trend line forming with resistance near 1.3690 on the hourly chart at FXOpen.
USD/CAD...
Market Analysis: GBP/USD Dips
GBP/USD is attempting a recovery wave from 1.2680.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.2800 resistance zone.
There is a key bearish trend line forming with resistance near 1.2740 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the...
Supply and Demand Trading Patterns and Strategies
Understanding the nuances of supply and demand is essential for traders to discern potential market reversals, identify trend continuations, and execute well-informed trading strategies. This article delves into the core patterns and strategies of trading based on these zones, providing a structured approach to...
Nasdaq Index Shows Uncertainty Ahead of PCE Release
The main event of the week is the release of the Personal Consumption Expenditures (PCE) index, which the Federal Reserve particularly focuses on when assessing inflation in the US. The release is scheduled for Friday at 15:30 GMT+3. As this important event approaches, rumours and trader expectations about the...
EUR/USD Exchange Rate Has Fallen Below 1.08 Level
As the EUR/USD chart today shows, yesterday the rate dropped by 0.46% – the most significant strengthening of the US dollar against the euro in one day this month. Moreover, the rate fell below the psychological mark of 1.08 euros per dollar (in the first half of May, it served as resistance).
Yesterday's...
GBP/JPY at Highest Level in Over 15 Years
As shown by today's GBP/JPY chart, the exchange rate has not only surpassed the psychological level of 200 yen per pound but has also exceeded the peak of 29 April 2024. The market is now experiencing prices last seen in 2008.
The main driver of the pound’s strength against the yen is the difference in monetary policies...
Elon Musk Contributes to NVDA Price Surge to a New Record
Yesterday, on Tuesday, Nvidia's stock price reached a historic high, surpassing the $1,130 mark, increasing by almost 7% relative to Monday's closing price. This happened after a turbulent past week, during which Nvidia published a very strong report that led to an over 8% rise in its stock price in one...
Market Analysis: USD/CHF Targets Upside Break
USD/CHF is rising and might aim a move toward the 0.9155 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is showing positive signs above the 0.9110 resistance zone.
There is a connecting bearish trend line forming with resistance at 0.9130 on the hourly chart at FXOpen.
USD/CHF...
