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...
As the chart shows, the closing price on January 24 = USD 173.79, closing price on January 25 = USD 190.19. At yesterday's peak, IBM's share price was above USD 196, helped by a strong fourth-quarter earnings report that was positive about the company's prospects due to advances in AI.
→ Total revenue was USD 17.381 billion, compared to USD 16.690 billion in the...
Ultra-Fast Scalping Strategies in Forex
Scalping is a high-speed trading strategy that targets quick profits from small price movements. It's a method that appeals to those who want a hands-on, immediate trading experience. This article delves into three of the best 1-minute scalping strategies: Heikin-Ashi Pullback, RSI Extremes, and Stochastic Oscillator Quick...
The Price of Gold (XAU/USD) Has Descended to a Significant Support Level
The beginning of 2024 has not been the most positive for gold investors, despite a promising December 2023 when XAU/USD prices reached a historical high of $2135.39 per ounce, primarily due to a weak US dollar and expectations that the Federal Reserve (Fed) would begin lowering interest...
The Share Price of TSLA Sharply Declined After the Release of the Report
Following the publication of Tesla's (ticker TSLA) financial results for the fourth quarter of 2023, the company's stock price dropped. The TSLA share price in pre-market trading today is around $195, compared to yesterday's closing price of over $207 (approximately -6%).
Reasons for...
NFLX Price Sharply Rose on News of an Increase in the Number of Subscribers
The closing price of NFLX shares yesterday was 490.50, but during after-hours trading, NFLX experienced a sharp increase due to the release of the report. Today, in pre-market trading, NFLX is priced at over 530 dollars per share.
The main surprise contained in the report was the...
USD/JPY surged and broke the 148.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 148.00 and 148.30 levels.
There is a connecting bearish trend line forming with resistance at 148.00 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a...
EUR/USD started another decline from the 1.0915 resistance.
Important Takeaways for EUR/USD Analysis Today
The Euro started a fresh decline below the 1.0880 support zone.
There was a break below a key bullish trend line with support at 1.0880 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
Forex 3-Session Trading System
In the dynamic world of forex trading, mastering session-specific strategies can be essential for your trading performance. The Asian, European and US sessions in forex have their own unique rhythms and opportunities. This article delves into three strategies tailored to these sessions, offering insights for traders to navigate the...
The Price of Bitcoin Has Dropped Below 40,000: What's Next?
The value of the main cryptocurrency has fallen below the psychological mark for the first time since December 4th of last year. According to on-chain metrics services, the decline in the price of Bitcoin on cryptocurrency exchanges triggered the liquidation of buyer positions for more than 25 million...
USD/JPY: The Yen Pauses in Anticipation of the Bank of Japan's Decision
In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the...
Trading Forex and Bitcoin with CFDs: How Does It Work?
In the dynamic world of financial markets, currencies and cryptocurrencies represent two distinct assets with unique characteristics. This article aims to demystify these popular trading avenues, focusing on their mechanisms, risks, and opportunities. As we delve deeper, we'll compare forex trading with...
NASDAQ 100 Reaches Historic High. META Shares May Surpass the Historical High
The American stock index NASDAQ 100 has set a new historical high, surpassing the psychological mark of 17,000 points.
The growth was attributed to:
→ Analysts at Bank of America raising the rating of AAPL stocks, recommending them for BUY. The price of AAPL shares rose by almost...
EUR/GBP declined steadily below the 0.8585 and 0.8570 support levels.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP is trading in a bearish zone below the 0.8585 pivot level.
There is a connecting bearish trend line forming with resistance near 0.8570 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP...
GBP/USD is attempting a recovery wave above the 1.2690 resistance.
Important Takeaways for GBP/USD Analysis Today
The British Pound is attempting a fresh increase above 1.2650.
There is a key contracting triangle forming with support near 1.2690 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
Navigating the complex waves of the forex market requires an astute understanding of various economic indicators. Among them, the nonfarm payroll report stands out as a pivotal monthly metric that can significantly sway currency values. This article demystifies the intricacies of this influential report, walking through what to know before trading it.
Nonfarm...
OPEC Forecasts an Increase in Oil Demand in 2024
Yesterday, the monthly oil market review was published:
→ OPEC expects global oil demand to increase by 2.25 million barrels per day (b/d) in 2024, representing a 2.2% increase compared to 2023.
→ In 2025, OPEC predicts a demand increase of 1.85 million barrels per day, reaching 106.21 million barrels per day....
The UK100 Price Plummeted After the Publication of Inflation Data
Yesterday, the stock market in the United Kingdom experienced a sharp decline following the release of new inflation data. The UK100 price, reflecting the leading British stock index FTSE, dropped approximately 1.5%. Moreover, the RSI indicator on the 4-hour chart fell below the value of 18 for...
