On September 19, we analysed the S&P 500 index, indicating that the market is under pressure. This was an important long term analysis, and let's see what has changed in a month with the news that happened yesterday.
A month ago we marked turning points A, B, C, D on the chart.
Since then, new turning points have appeared: E, F, G, H.
As we indicated, in the...
NZD/USD is also moving lower and might trade below the 0.5800 zone.
Important Takeaways for NZD/USD Analysis Today
· NZD/USD declined steadily from the 0.5930 resistance zone.
· There is a connecting bearish trend line forming with resistance near 0.5840 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on...
AUD/USD declined below the 0.6355 and 0.6330 support levels.
Important Takeaways for AUD/USD Analysis Today
· The Aussie Dollar started a fresh decline from well above the 0.6355 level against the US Dollar.
· There is a key bearish trend line forming with resistance near 0.6330 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
In the world of trading, knowledge is power, and being aware of the strategies employed by market manipulators can be the key to safeguarding your capital. One such manipulative practice is stop hunting, which targets stop-loss orders in an attempt to drive prices in a particular direction. In this article, we will delve into the concept of stop hunting, explore...
According to the earnings report published yesterday:
→ Tesla's revenue for the 3rd quarter amounted to USD 23.35 billion, expected USD 24.18 billion;
→ earnings per share amounted to USD 0.66, expected USD 0.73.
That is, the actual numbers turned out to be worse than forecasts. But the main negative can be considered the statements of Elon Musk, according to...
Pushing off the lower boundary of the ascending channel, the price of Brent oil rose by more than 8% amid fears of an escalation of conflict in the Middle East, which should pose a problem both for the US economy, which suffers from high inflation, and for President Biden personally on the eve of the elections.
The situation is aggravated by the fact that oil...
Yesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report:
→ earnings per share = USD 3.73, expected = USD 3.49;
→ revenue = USD 8.54 billion, a year ago = USD 7.9 billion.
→ the main surprise is that the number of subscribers grew by an impressive 8.76 million in the...
UK inflation data was released this morning, showing that consumer price inflation (CPI) held steady at 6.7% in September, although economists had expected 6.6%, which would mean the CPI would continue to decline from its peak of 11.1%, achieved at the end of last year.
These data provide evidence to suggest that inflation has stalled. And the Bank of England...
USD/JPY is rising and might soon attempt a move above the 150.00 resistance.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 149.00 and 149.45 levels.
· There is a connecting bullish trend line forming with support near 149.45 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen,...
EUR/USD is slowly moving higher from the 1.0500 level.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a decent increase above the 1.0570 pivot level.
· There is a key bullish trend line forming with support near 1.0570 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
Predicting market prices has been a considerable area of research for many decades now. From momentum to seasonal trends, this article explores five schools of thought on how prices can be predicted in financial markets.
Momentum
In trading, momentum theory posits that assets trending up or down are likely to continue in the same direction. The core idea is...
According to Yahoo Finance, the third-quarter earnings season started well despite the uncertain macroeconomic environment.
Already, 32 companies in the S&P 500 have reported earnings, according to Bank of America Research's equity strategy group. Moreover:
→ actual earnings per share exceeded Wall Street expectations by an average of 9%;
→ EPS increased 1%...
Paradoxically, cryptocurrencies, which conceptually pursue decentralization goals, have become overly sensitive to regulatory news.
Surprising news from Cointelegraph that the SEC would approve an application for a spot Bitcoin ETF from BlackRock raised the price of the coin to USD 30,000.
The market’s positivity was added by the opinion of SkyBridge Capital...
The opening price on Friday was around 1,870, the closing price was around 1,930. The reason for the rapid growth of the XAU/USD quote is geopolitical tension. Israeli forces announced a ground operation in the Gaza Strip, which may be why before the weekend the markets were dominated by the forces of demand for gold as a defensive asset.
The Chinese Foreign...
Volatile markets can both be challenging and present multiple opportunities for traders. Harnessing the power of specific trading strategies, from the Bollinger Band Squeeze to the nuanced VWAP and RSI combination, can provide critical insights into potential price movements. But these aren’t trade secrets; rather powerful strategies for volatile markets that have...
EUR/GBP is rising and might climb above the 0.8665 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8650 zone.
· There was a break above a major bearish trend line with resistance near 0.8635 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 1.2335 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is again declining and trading below the 1.2200 support.
· There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
