GBP/USD started a steady increase above the key 1.1880 resistance.
Important Takeaways for GBP/USD Analysis
· The British Pound was able to clear the 1.1880 and 1.2000 resistance levels.
· There was a break above a major bearish trend line with resistance near 1.2250 on the weekly chart of GBP/USD on FXOpen.
GBP/USD Technical Analysis
On the weekly chart of...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
Kitco is relaying an opinion on the price of gold from Karen Karniol-Tambour, co-chief investment officer at Bridgewater Associates:
→ Gold is undervalued.
→ Gold is supported by the tense geopolitical situation, including the military operations in Ukraine.
→ Inflation is volatile. There is a possibility that purchasing power will be lost.
It looks like a...
Are you looking to add harmonic patterns to your trading arsenal? You can try the Crab pattern. In this article, we’ll explore the basics of Crab patterns, the key rules and requirements you should be aware of, and learn how to use this versatile tool across all markets.
About the Crab Pattern
The Crab pattern is a harmonic pattern used in technical analysis...
Crude oil price is correcting gains and might decline toward the $68.85 support.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are also moving lower below $72.00 and $71.50 levels.
· There was a break below a major bullish trend line with support near $73.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the...
Gold price is moving lower below the $2,025 support.
Important Takeaways for Gold Prices Analysis Today
· Gold price failed to clear the $2,060 resistance and corrected gains against the US Dollar.
· It broke a key contracting triangle with support near $2,025 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at...
USD/CHF is moving lower and might decline further toward the 0.8860 support.
Important Takeaways for USD/CHF Analysis Today
· USD/CHF is showing a few bearish signs below the 0.8930 resistance zone.
· There is a key bearish trend line forming with resistance near 0.8925 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF...
EUR/USD started a fresh decline from the 1.1050 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline from the 1.1050 resistance against the US Dollar.
· There is a major bearish trend line forming with resistance near 1.1000 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of...
EUR/GBP is now consolidating losses below the 0.8740 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP started a fresh decline from the 0.8835 resistance zone.
· There is a major bearish trend line forming with resistance near 0.8740 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD is gaining bullish momentum above the 1.2600 resistance zone.
Important Takeaways for GBP/USD.
· The British Pound is showing a lot of bullish signs above the 1.2600 pivot level against the US Dollar.
· There is a key bullish trend line forming with support near 1.2600 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly...
Today, the British pound has updated its maximum since the beginning of the year. Here are the factors that contributed to this:
→ weakness of the US dollar due to the threat of default. The FT relays Yellen's words that the US Treasury Department's ability to bypass the default is running out;
→ the US dollar's weakness due to the banking crisis. According to...
If you’re wondering how to trade Fibonacci retracements, you’re in the right place. Today, we’ll be breaking down why traders use Fibonacci retracements and how you can apply them in your own trading, and we’ll list our top tips for making the most out of Fibonacci trading.
The Fibonacci Sequence for Trading
Fibonacci retracements make use of the Fibonacci...
The Fed raised the rate yesterday by 0.25%, to 5.25%.
→ Now market participants expect a pause in the tightening policy. Moreover, the WSJ is hinting that the rate hike cycle may already be over.
→ According to Powell, it is important to raise the US debt ceiling, but not just raise it, but raise it on time (that is, not drag it out).
→ The Fed believes that...
Over the past year, the price of crude oil has been interestingly volatile.
In keeping with other periods in modern history during which the United States has been involved in geopolitical conflicts with regions outside of the Western world, oil prices have been varying with verve and vigour since 2020.
Back in the 1970s, the famous' oil crisis' was caused by...
USD/JPY rallied significantly above 137.00 and recently started a downside correction.
Important Takeaways for USD/JPY
· USD/JPY started a major rally above the 136.00 and 137.00 levels.
· There was a break below a key bullish trend line with support near 137.45 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at...
EUR/USD started a fresh increase above the 1.1000 resistance.
Important Takeaways for EUR/USD
· The Euro is rising and gaining pace above the 1.1000 resistance zone.
· There was a break above a key bearish trend line with resistance near 1.1000 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
According to Reuters, market participants were waiting for a pause in a series of interest rate hikes, as the data showed a slowdown in inflation. However, the Reserve Bank of Australia on Tuesday raised the rate by 25 basis points.
"Inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in...
Watch FXOpen's April 24 - 28 Weekly Market Wrap Video
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CFDs are complex instruments and come with a high risk of losing your money.
