Trading with Moving Average Crossovers
Trading indicators and technical analysis are essential components of the financial markets, utilised by traders and investors to analyse price movements, identify trends, and make informed trading decisions. The moving average is an indicator that is used by many traders. This article will cover the best moving averages...
XAG/USD Analysis: Silver Price Approaching $35
Precious metal prices are fluctuating near multi-year highs due to safe-haven demand driven by:
→ Uncertainty surrounding the U.S. elections,
→ Ongoing tensions in the Middle East,
→ Expectations of central banks lowering interest rates.
As seen on the XAG/USD chart, silver prices:
→ Are near their highest levels...
Nvidia Shares (NVDA) Close Above $140 for the First Time
As shown on the Nvidia (NVDA) stock chart, yesterday’s candle closed above the psychological level of $140 for the first time in history. This represents a price increase of over 186% since the beginning of 2024 and more than a ninefold rise since early 2023, following the launch of ChatGPT.
According to...
Netflix (NFLX) Shares Hit Record High in Aggressive Move
Netflix (NFLX) shares reached a record high in a dynamic move. As shown in Netflix's stock chart, the price hit an all-time peak, with Friday’s candle closing above $760. This follows an aggressive rebound, given that on Thursday, the price had fallen below the psychological level of $700.
This sharp move...
EUR/USD Approaching Key Support Level
Last week, the European Central Bank (ECB) cut interest rates as expected, marking the third reduction this year. According to Trading Economics, market participants speculate there could be another rate cut in December. This dovish stance is weakening the euro, as the ECB signals deteriorating economic prospects in the...
Market Analysis: NZD/USD Could Recover In Short-Term
NZD/USD could gain bullish momentum if there is a clear move above the 0.6090 resistance.
Important Takeaways for NZD/USD Analysis Today
- NZD/USD is attempting a recovery wave above the 0.6050 resistance.
- There was a break above a major bearish trend line with resistance near 0.6075 on the hourly...
Market Analysis: AUD/USD Could Recover In Short-Term
AUD/USD is attempting a recovery wave from 0.6660.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support near 0.6660 and is now recovering against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6690 on the hourly chart of AUD/USD at...
How to Trade with the Ultimate Oscillator
While there are many indicators out there, few incorporate multiple timeframes. The Ultimate Oscillator, with its multi-timeframe approach, is an effective tool for spotting divergences. In this article, we will break down how this indicator works, what signals it produces, and how it compares to other well-known...
Weekly Market Wrap With Gary Thomson: GBP, EUR, Natural Gas and NVIDIA (NVDA) Shares
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.
— Pound Falls After Inflation Report
— Euro Tests Key Support Levels...
Taiwan Semiconductor (TSM) Shares Rise by Nearly 10%
Taiwan Semiconductor Manufacturing Company Limited (TSM) posted quarterly results that exceeded analyst expectations, driven by strong demand for AI-related chips:
→ Earnings per share: Actual = $1.95, Expected = $1.79;
→ Revenue: Actual = $23.6 billion, Expected = $23.3 billion.
According to the Wall Street...
XAU/USD Analysis: Gold Price Surpasses $2700 for the First Time
The XAU/USD chart shows that gold has reached a historic high, surpassing the psychological level of $2700.
According to Yahoo Finance:
→ Bullish momentum is being driven by central banks increasing their gold reserves;
→ Goldman Sachs analysts have raised their gold price target from $2700 to...
Market Analysis: USD/CAD Remains in Uptrend
USD/CAD is rising and might aim for more gains above the 1.3820 resistance.
Important Takeaways for USD/CAD Analysis Today
- USD/CAD is showing positive signs above the 1.3745 support zone.
- There was a break above a major bearish trend line with resistance at 1.3765 on the hourly chart at FXOpen.
USD/CAD...
Market Analysis: GBP/USD Takes Hit
GBP/USD started a fresh decline below the 1.3200 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started a major decline from the 1.3400 resistance zone.
- There was a break above a key bearish trend line forming with resistance at 1.3000 on the hourly chart of GBP/USD at FXOpen.
GBP/USD...
Morgan Stanley (MS) Shares Rise 6.45%, Setting Historic High
Morgan Stanley (MS) reported its third-quarter results:
→ Earnings per share: actual = $1.88, forecast = $1.59
→ Gross revenue: actual = $15.38 billion, forecast = $14.35 billion
According to Barron’s, Morgan Stanley’s profit increased by 32% compared to last year, driven by heightened activity in...
What Is the S&P 500 Index and How to Trade It via CFDs?
The S&P 500 index is a cornerstone of the financial world, providing a snapshot of the US stock market by tracking 500 of the largest companies. This FXOpen article delves into the essence of the S&P 500, its operational mechanics, and how traders can navigate its movements through CFDs.
What Is the S&P...
Nvidia (NVDA) Shares Fall Over 4%, Missing a Record High
On 12 September, when analysing Nvidia’s (NVDA) stock chart, we drew an upward channel (shown in blue) and noted several resistance levels, including:
→ a downward trendline (shown in red);
→ a psychological level at $130.
As Nvidia’s (NVDA) stock chart shows, the bulls managed to overcome this resistance...
Pound Falls After Inflation Report
The Consumer Price Index (CPI) report for the UK was released today, showing that inflation is decreasing at a faster rate than analysts had predicted. According to data from ForexFactory:
→ Yearly CPI: actual = 1.7%, forecast = 1.9%, previous = 2.2%;
→ Yearly Core CPI: actual = 3.2%, forecast = 3.4%, previous = 3.6%.
The...
Using Big Data Analytics in Forex Trading
Recent years have seen explosive growth in the amount of data in circulation, and the financial industry is no exception. The use of big data analytics in forex trading has become increasingly popular as traders and institutions look to gain a competitive edge through the analysis of vast data sets.
The forex market is...
