USD/CAD is rising and might aim for more gains above the 1.3330 resistance.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3260 support zone.
There was a break above a major bearish trend line with resistance near 1.3260 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of...
GBP/USD declined below the 1.2715 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline below the 1.2715 support zone.
There is a key bearish trend line forming with resistance near 1.2680 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
The Japanese yen has been one of the worst performing currencies over the past couple of years. The situation could improve in 2024, writes WSJ.
The yen has lost about 20% against the dollar since the end of 2021, underperforming other major currencies. The reason is that Japan's central bank kept interest rates ultra-low while most of its peers raised them...
NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is gaining bullish momentum above the 0.6320 support.
There is a short-term contracting triangle forming with support near 0.6320 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
AUD/USD is moving higher and might climb further above 0.6870.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar started a fresh increase above the 0.6760 and 0.6800 levels against the US Dollar.
There is a bullish flag forming with resistance near 0.6845 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
The Bill Williams Alligator indicator has become a mainstay in many traders’ toolkits. Utilising three moving averages to create the Alligator’s jaws, teeth, and lips, it provides deep insight into trends and potential reversals. This article breaks down the Alligator, offering three comprehensive strategies to leverage it effectively.
Understanding the Bill...
As the comparison chart shows, the ESX50 lags behind the US500. And this trend has been observed since mid-December, a period when central banks around the world published interest rate decisions and set expectations for the future. The divergence suggests that Europe's central bankers are in no rush to join the US turn to lower interest rates — even as investors...
Today, the price of Ethereum exceeded the level of 2,440 per token, thereby setting a new high for 2023. It is noteworthy that the price of Bitcoin did not support the bullish sentiment, continuing to fluctuate around the USD 43,000 level for the fifth day.
What is the reason for the growth of ETH/USD from a fundamental point of view? There is no obvious trigger...
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events:
→ the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do...
In becoming a successful forex trader, understanding the impact of Black Swans in 2023 and beyond becomes crucial. Black Swan events, unpredictable and with significant repercussions, constantly reshape the financial landscape. This article delves into the essence of these phenomena, offering insights into their historical occurrences in forex and strategies to...
USD/JPY is declining and showing bearish signs below the 142.85 level.
Important Takeaways for USD/JPY Analysis Today
USD/JPY is trading in a bearish zone below the 143.40 and 142.85 levels.
There was a break above a major bearish trend line with resistance near 142.25 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart...
EUR/USD gained bullish momentum above the 1.0985 resistance.
Important Takeaways for EUR/USD Analysis Today
The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone.
There is a key bullish trend line forming with support near 1.1020 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of...
NASDAQ’s Stellar December: Will Small Caps Lead Performance in 2024?
As the New York trading session begins today after a brief hiatus for the weekend and the festive holiday period, traders return to their desks with a mix of anticipation and caution. The last few days of trading in 2023 are underway, with all eyes on the NASDAQ stocks, known for their dynamic...
Solana Is the Fourth Largest Cryptocurrency by Capitalisation. But for How Long?
2023 turned out to be a good year for cryptocurrencies, especially given the depressing mood that reigned at the end of 2022.
From the beginning of 2023:
→ Bitcoin increased in price by more than 150% – including due to rumours related to the approval of applications for a...
Yesterday's data for last quarter showed that US GDP growth was estimated at 4.9% year-on-year, although GDP growth was expected to remain unchanged at 5.2%.
This disappointing performance could put pressure on the Fed to cut rates. After data is published:
→ the market has increased the likelihood of a rate cut by March to 83% from 79%, as evidenced by...
EUR/GBP is gaining pace and might extend its rally above the 0.8700 zone.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP started a fresh increase above the 0.8620 resistance zone.
· There is a major bullish trend line forming with support near 0.8640 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at...
GBP/USD is attempting a fresh increase from the 1.2610 zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is trading in a bullish zone above 1.2600 against the US Dollar.
· There was a break above a key bearish trend line with resistance at 1.2640 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly...
Fixed exchange rates, a cornerstone of international finance, play a pivotal role in shaping global commerce and investment landscapes. This article delves into their intricacies, exploring the historical evolution, practical understanding, and the balance of benefits and challenges they present.
Historical Context of Fixed Exchange Rates
The concept of a fixed...
