Trading with Support and Resistance Zones
Support and resistance are fundamental concepts in the world of trading. They help traders gain an overall market background when analysing an asset’s price action, build expectations about price movements based on historical data, and make informed trading decisions. In this article, we discuss these concepts and...
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CFDs are complex instruments and come with a high risk of losing your money.
AAPL Share Price Falls 3% After Report
After the close of yesterday's trading session, the once first-largest company by capitalization, Apple, reported on its activities for the 4th quarter of 2023. The actual numbers exceeded expectations:
→ revenue: actual = USD 119.5 billion (expected = USD 117.9 billion);
→ earnings per share: actual = USD 2.3 (expected =...
Meta Share Price Soars to Record Thanks to First-ever Dividend
After the close of yesterday's trading session, the social media giant reported activity for the 4th quarter of 2023. The actual numbers exceeded expectations:
→ gross income: actual = USD 40.1 billion (expected = USD 39.1 billion);
→ earnings per share: actual = USD 5.3 billion (expected = USD 4.8...
Advanced Candlestick Pattern Analysis
Welcome to the intricate world of advanced candlestick patterns, a realm where subtle shifts in market sentiment are captured in the form and structure of candles on a chart. This article delves into some of the more sophisticated patterns that, while less common, offer insightful signals to those who can identify them. For...
USD/CAD is declining and trading below the 1.3415 support.
Important Takeaways for USD/CAD Analysis Today
USD/CAD started a fresh decline after it failed to clear the 1.3465 resistance.
There is a short-term connecting bullish trend line forming with support near 1.3368 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of...
GBP/USD started a fresh increase above the 1.2625 zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound is eyeing more gains above the 1.2755 resistance.
There was a break above a key bearish trend line with resistance near 1.2740 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
Natural Gas Prices Recover from 3.5-year Lows
As the chart shows, the price of XNG fell below 2.040 on January 31 for the first time since August 2020. This was facilitated by:
→ seasonal trend, because towards the end of winter the price of natural gas tends to fall;
→ weather data. Temperatures could remain above average and snowfall amounts will decrease...
News from the Fed Push Down EUR/USD Price to a Year Low
Financial markets were buoyant last night due to news from the Fed. Interest rates remained unchanged — as expected. However, somewhat unexpected was the harsh rhetoric of Jerome Powell, who said that:
→ interest rate reduction in March is unlikely;
→ the Fed needs to see more data to be confident in the...
NASDAQ Falls by 1.5% after Tech Giants Reports
NASDAQ E-Mini futures fell 1.5% in early trading after the publication of quarterly earnings reports from technology giants Google (GOOG), Microsoft (MSFT) and Advanced Micro Devices (AMD):
→ The parent company of Google, Alphabet Inc., reported revenue of 86.3 billion dollars (forecast = 85.2), however, the...
Market Analysis: Crude Oil Price Eye Additional Gains
Crude oil prices are gaining bullish momentum and might rise toward $82.00.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices rallied above the $74.90 and $76.00 resistance levels.
There was a break above a key bearish trend line with resistance near $76.80 on the hourly chart of...
Market Analysis: Gold Price Price Eye Additional Gains
Gold price started a decent increase above the $2,025 resistance level.
Important Takeaways for Gold Prices Analysis Today
Gold price started a decent increase from the $2,025 zone against the US Dollar.
A connecting bullish trend line is forming with support near $2,032 on the hourly chart of gold...
The Hang Seng Index is Near Important Support
The economy of China is hit by the decision to liquidate the developer Evergrande due to a debt of USD 300 billion. Bloomberg writes that this will have huge consequences for all of China.
While the S&P 500 index rose by more than 3% since the beginning of January, the Hang Seng index fell by more than 8%. JPMorgan...
What Is the Parabolic SAR in Trading?
Using reliable technical analysis indicators is key to making informed trading decisions and maximising profits. One such indicator is the Parabolic Stop And Reverse (SAR) system, which helps to determine where a price trend might end and subsequently reverse.
What is the Parabolic SAR in trading? In this FXOpen article, we...
Brent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions
The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in...
Choosing the Right Timeframe for Day Trading
In the fast-moving realm of financial markets, comprehending and evaluating price fluctuations is imperative for achieving success in trading. Technical analysis centres on delving into historical market data, primarily focusing on price and volume, to anticipate future shifts. In the domain of technical analysis, the...
NZD/USD is also rising and could extend its increase above the 0.6110 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is showing positive signs above the 0.6100 support.
There is a major bearish trend line forming with resistance near 0.6110 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly...
AUD/USD is moving higher and might surge if it clears 0.6610.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar is attempting a fresh increase from the 0.6570 zone against the US Dollar.
There is a key contracting triangle forming with resistance near 0.6595 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
