When non-traders think of trading, they often envision an indicator like the Ichimoku Cloud: a seemingly indecipherable mess of lines and colours. But in reality, the Ichimoku Cloud is logical, once you understand it, and quite an effective tool. In this article, we’ll take a look at what the Ichimoku Cloud is, its interpretation, and how you could use it as part...
The current high growth rate, which was last seen in November 2022, was the result of decisions by central banks:
→ on Wednesday, the US Federal Reserve kept the interest rate at 5.25%;
→ and on Thursday, the ECB raised the rate from 3.75% to 4%. Eurozone inflation will remain "too high for too long," Lagarde said. The possibility of a rate hike in July is "very...
NZD/USD is also showing positive signs above the 0.6200 resistance zone.
Important Takeaways for NZD USD Analysis Today
· NZD/USD is gaining bullish momentum above the 0.6200 support.
· There is a major bullish trend line forming with support near 0.6200 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of AUD/USD on...
AUD/USD is gaining pace and might climb further higher above 0.6900.
Important Takeaways for AUD USD Analysis Today
· The Aussie Dollar started a fresh increase above the 0.6780 and 0.6830 levels against the US Dollar.
· There is a key bullish trend line forming with support near 0.6830 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On...
Yesterday the Fed (as expected) kept the interest rate unchanged (after a series of 10 increases). However, the opinion of market participants that the rate peak has been reached has been called into question. At the Jerome Powell's press conference, it became known that:
→ the majority of FOMC members are against the rate cut;
→ there may be another increase at...
Last night, the price of bitcoin fell below USD 25k for the first time since mid-March. And the bitcoin chart this morning shows sellers breaking through yesterday's low.
There can be two fundamental reasons for the dominance of sellers:
→ yesterday's press conference of the head of the US Federal Reserve (more details in the next post);
→ claims against the...
Learning how to identify accumulation and distribution in an asset is an important skill to have for any trader. Luckily, there’s a handy tool we can use: the aptly-named Accumulation/Distribution indicator.
In this article, we’ll show you how this accumulation/distribution indicator works, where it’s best applied, and how you can combine it with other tools to...
Over the past 2 months, CNH has appreciated about 4.4% against the US dollar, reflecting the differences in monetary policies in the world's two largest (and competing) economies.
Yesterday's statistics showed a decrease in inflation in the US, but its level is still far from the target values. It is expected that the Fed at today's meeting will take a break...
USD/JPY is consolidating and facing hurdles near the 140.45 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY is trading in a positive zone above the 139.65 and 139.15 levels.
· There was a break above a bearish trend line with resistance near 139.65 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 1.0740 resistance.
Important Takeaways for EUR/USD Analysis Today
· The Euro is rising and trading well above the 1.0740 resistance zone.
· There is a key bullish trend line forming with support near 1.0785 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
According to various estimates, from USD 2.36 billion to USD 3.35 billion was withdrawn from the largest cryptocurrency exchange in 1 week. The head of the exchange, Changpeng Zhao, said that the drop in the balance could be exaggerated due to the depreciation of cryptocurrencies against the dollar, but fears are growing.
Hearings will be held today to freeze the...
The price of the E-mini S&P 500 is at its highs since the beginning of the year, showing the optimism of market participants ahead of the publication of the US consumer price index (CPI) on Tuesday, 15:30 GMT + 3, and producer price index (PPI) data, which will be published in Wednesday, 15:30 GMT+3.
The rise of the E-mini S&P 500 today to some extent reflects...
USD/CAD is struggling and might decline further below the 1.3310 support.
Important Takeaways for USD/CAD Analysis Today
· USD/CAD is correcting losses from the 1.3310 support zone.
· There is a major bearish trend line forming with resistance near 1.3350 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the...
GBP/USD is showing positive signs above the 1.2540 resistance.
Important Takeaways for GBP/USD Analysis Today
· The British Pound started a strong increase above the 1.2440 resistance zone.
· There is a key bullish trend line forming with support near 1.2540 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD...
The following events may affect the GBP/USD rate:
→ Tue: 09:00 (GMT+3) – Claimant Count Change (UK labor market indicator)
→ Tue: 15:30 (GMT+3) - Consumer Price Index (indicator of inflation in the US)
→ Tue: 17:00 (GMT+3) – Speech by the Governor of the Bank of England
→ Wed: 09:00 (GMT+3) - UK GDP
→ Wed: 15:30 (GMT+3) – Producer Price Index (US inflation...
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.
The Donchian Channel indicator is a powerful tool that’s been employed by traders around the globe for decades. What does it stand for, and how do traders use it? In this guide, we’ll break down the components of Donchian Channels, how to interpret them, and offer a sample strategy that you can get started with right away.
What Is the Donchian Channel...
This week, the financial regulator SEC launched an attack on the cryptocurrency industry, suing the Binance and Coinbase exchanges, while classifying a number of popular coins as securities. As a result, since the beginning of June:
→ the price of bitcoin decreased by approximately 2.2%;
→ the price of Ethereum decreased by approximately 1.8%;
→ the price of BNB,...
