Market cycles are a cornerstone of financial trading, shaping the opportunities and risks faced by traders across various markets. This article delves into the key phases of market cycles, how they manifest in different trading arenas, and how traders can capitalise on these predictable patterns for trading success.
The Four Phases of Market Cycles
Market...
NZD/USD is also rising and could extend its increase above the 0.5915 resistance zone.
Important Takeaways for NZD USD Analysis Today
· NZD/USD is gaining bullish momentum above the 0.5870 support.
· There is a short-term contracting triangle forming with support near 0.5885 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
AUD/USD is moving higher and might climb above 0.6450.
Important Takeaways for AUD USD Analysis Today
· The Aussie Dollar started a fresh increase above the 0.6350 and 0.6400 levels against the US Dollar.
· There is a connecting bullish trend line forming with support near 0.6425 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
Today it became known about the level of inflation in Switzerland. Compared to the US, UK, and other countries, Switzerland can boast of a CPI of only 0.1%. The minimal increase in prices is due to an increase in fuel costs due to the rise in oil prices in the second half of the year. Thus, the country’s economy provides more arguments in favor of the protected...
The cryptocurrency market showed a correlation with the stock market, gaining bullish momentum amid softening rhetoric from the Federal Reserve.
The price of the main cryptocurrency reached USD 35,900 for the first time in 18 months.
Wherein:
→ the positivity is also due to expectations that the US Securities and Exchange Commission will approve a Bitcoin ETF....
As expected, the Fed left the rate unchanged. Market participants' attention was focused on Powell's press conference, as he said:
→ Risks have now become almost balanced;
→ Inflation expectations are at a good level.
The media publishes the opinions of experts who generally agree that although Jerome Powell has not ruled out the possibility of another rate...
As the chart shows, yesterday, the USD/CAD rate exceeded 1.389 for the first time in 2023. This happened against the backdrop of news regarding the economies of the USA and Canada:
→ Statistics Canada estimates that GDP contracted in the third quarter. Technically, it can be stated that the Canadian economy has entered a technical recession, as this is the second...
USD/JPY surged and broke the 151.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 150.00 and 151.00 levels.
· There was a break above a major bearish trend line with resistance at 149.85 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started...
EUR/USD is again moving lower below the 1.0615 support.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline below the 1.0675 support zone.
· There was a break below a key bullish trend line with support at 1.0570 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this market.
The Basics of Crude Oil
Crude...
Amazon's quarterly report provided a ray of light in a gloomy environment for the tech-heavy US stock market, as the NASDAQ index fell last week to levels last seen in May.
→ AMZN EPS: actual = USD 0.94, expected = USD 0.58
→ Gross revenue: actual = $143.5 billion, expected = $141 billion
→ For the Q4, AMZN expects revenue of USD 160-167 billion
→ Revenue from...
Yesterday, the Nikkei newspaper reported that the Bank of Japan is considering adjusting its yield curve control (YCC) policy.
This provoked a strengthening of the yen (1). The USD/JPY rate dropped to a two-week extreme of 148.8 per US dollar in anticipation of news from the Bank of Japan.
The news followed this morning (2). The Bank of Japan kept interest...
Monday's opening came without any surprises. Despite the news that the Israeli army is moving to a new phase of the operation in Gaza, the price of Brent oil did not change much, trading started around the middle of the Friday candle.
The chart shows that the price of Brent oil has fluctuated between USD 86.60 and USD 89.10 since October 24th. At the same time,...
EUR/GBP is rising and might climb above the 0.8720 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is gaining pace and trading above the 0.8700 zone.
· There is a major contracting triangle forming with resistance near 0.8720 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD started a fresh decline from the 1.2285 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below the 1.2200 support.
· There is a key contracting triangle forming with resistance near 1.2155 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD...
When diving into the world of the best price action methods, the Jarroo Method stands out. This trading method utilises a unique approach to reading market sentiment through key levels of support and resistance. In this article, we’ll break down the Jarroo Method step-by-step.
The Basics of Price Action-Based Trading Strategies
Price action is a methodology...
Yesterday, for the first time in 2023, the yen weakened to 150.7 per US dollar.
Thus, since the beginning of autumn, the yen has weakened by 3.5%, continuing the trend of 2023, which is due to the difference in the monetary policies of the two countries.
The Fed is pursuing a high rate policy. Yesterday's news testified to the stability of the economy, as US GDP...
The XAU/USD rate fluctuates around $1,987 – the July high was formed around this price. And having overcome it, the market stabilized, as evidenced by the ADX indicator, which dropped to its minimum for the month.
Gold is up about 9% in three weeks on war fears. Moreover, if we take the year 2023, then gold has become a more profitable investment than the stock...
