During the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile.
Perhaps given the nature of its supply, which is largely in the hands of the OPEC+ countries whose national economies depend on the export of oil around the world, the 'oil cartel' has a lot of bargaining power over its...
During the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile.
Perhaps given the nature of its supply, which is largely in the hands of the OPEC+ countries whose national economies depend on the export of oil around the world, the 'oil cartel' has a lot of bargaining power over its...
GBP/USD is consolidating gains pace above the 1.2350 zone. GBP/JPY is also rising and might gain pace if it clears the 161.80 resistance zone.
Important Takeaways for GBP/USD and GBP/JPY
· The British Pound is showing positive signs above 1.2350 against the US Dollar.
· There is a key contracting triangle forming with resistance near 1.2400 on the hourly...
Watch FXOpen's January 23 - 27 Weekly Market Wrap Video
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
Gold price is struggling to stay above the $1,925 support. Crude oil price is facing a strong resistance near the $82 zone.
Important Takeaways for Gold and Oil
· Gold price started a strong increase and tested $1,950 against the US Dollar.
· There is a key bullish trend line forming with support near $1,925 on the hourly chart of gold.
· Crude oil price...
EUR/USD gained pace above the 1.0850 resistance zone. USD/CHF is declining and remains at a risk of more losses below the 0.9220 support.
Important Takeaways for EUR/USD and USD/CHF
· The Euro started a fresh increase above the 1.0850 resistance against the US Dollar.
· There is a key bullish trend line forming with support near 1.0845 on the hourly chart of...
Over recent months, Silicon Valley has been struggling to keep its position as an endlessly burgeoning region of massive profits and possibilities.
Technology stocks listed on NASDAQ have been decreasing in value, making the chart pattern for the NASDAQ Composite Index quite sobering reading.
Indeed, so severely have the tables turned on Silicon Valley's 'big...
GBP/USD started a major increase and traded above 1.2400. USD/CAD is declining and might even trade below the 1.3350 support.
Important Takeaways for GBP/USD and USD/CAD
· The British Pound was able to move above the 1.2300 and 1.2350 resistance levels.
· There was a break above a key contracting triangle with resistance near 1.2380 on the hourly chart of...
Watch FXOpen's January 16 - 20 Weekly Market Wrap Video
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
AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave.
Important Takeaways for AUD/USD and NZD/USD
· The Aussie Dollar started a fresh decline from well above the 0.7000 level against the US Dollar.
· There was a break below a key bullish trend line with support near...
EUR/USD is correcting lower and trading below 1.0820. USD/JPY could gain bullish momentum if there is a clear move above the 130.80 resistance.
Important Takeaways for EUR/USD and USD/JPY
· The Euro started a downside correction from the 1.0870 resistance zone.
· There was a break below a key bullish trend line with support near 1.0800 on the hourly chart of...
BTCUSD: Three Inside Up Pattern Above $17323
Bitcoin continues its bullish momentum from last week and after touching a low of $17323 on 11th Jan, the price started to correct upwards against the US Dollar and is now ranging above the $21000 handle in the European trading session today.
We can see an upwards rally in the BTCUSD which managed to touch the level...
The performance of the 100 most prestigious companies listed on the London Stock Exchange has made for exciting viewing over recent days, with the FTSE 100 index that tracks them having rocketed in value.
Last week, the FTSE 100 index raced to its highest point in over three years, with some analysts across the City of London having begun to wonder whether it may...
The long, drawn-out period which has lasted several months in which Bitcoin, previously as volatile as a piece of magnesium ribbon over a naked flame, has been utterly stagnant.
The days of $60,000 values and cliffhanger tweets by influencers suddenly crashing and inflating the value of the world's most valuable cryptocurrency seem a distant memory.
If 2021 was...
GBP/USD started a fresh increase above the 1.2200 resistance zone. EUR/GBP is slowly moving lower below the 0.8880 support zone.
Important Takeaways for GBP/USD and EUR/GBP
· The British Pound started a fresh increase above the 1.2200 resistance against the US Dollar.
· There is a key bullish trend line forming with support near 1.2220 on the hourly chart of...
Watch FXOpen's January 9 - 13 Weekly Market Wrap Video
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
Gold price is gaining pace above the $1,870 level. Crude oil price is also rising and might clear the $80 resistance zone in the near term.
Important Takeaways for Gold and Oil
· Gold price started a strong increase and tested $1,900 against the US Dollar.
· There is a key bullish trend line forming with support near $1,885 on the hourly chart of gold.
·...
ETHUSD: Bullish Harami Pattern Above $1237
Ethereum was unable to sustain its bearish momentum and after touching a low of 1237 on 06th Jan, the price started to correct upwards against the US dollar crossing the $1400 handle today in the European trading session.
The prices are ranging near a new record high of 1 month.
We have seen a bullish opening in the...
