While there are many types of moving averages used in trading, the hull moving average (HMA) stands out. Designed to minimise lags, it’s a firm favourite with some traders. This article takes a closer look at the HMA, detailing its calculation, uses, and advantages and disadvantages.
What Is the Hull Moving Average Indicator?
The hull moving average (HMA)...
The reason for the growth is the increase in the target price for TSLA shares by analysts at Morgan Stanley from USD 250 to USD 400 (about +45% from current levels).
Analysts see huge potential in Tesla Dojo — this supercomputer is capable of processing millions of terabytes of video of real-life situations captured from more than 4 million Tesla vehicles. It is...
Last week, the Russian Federation and Saudi Arabia confirmed plans to reduce production by the end of the year, which contributed to an increase in oil prices.
At the beginning of this week, the WTI price stabilized in the range of 85.50 - 87.50. Will the upward trend continue, which will benefit oil producers?
Bullish arguments:
→ The price is within the...
USD/JPY Analysis: Yen Rises Sharply after Hawkish Government Announcements
Since 2016, the interest rate in Japan has been in the negative zone and has remained unchanged — for more than 7 years it has been -0.10%. This makes Japan fundamentally different from other countries. But over the weekend the Yomiuri newspaper published an interview with Bank of Japan...
Price Volume Trend: Using the Indicator for Trading Strategies
Evaluating volume and price movements is one of the key pillars of technical analysis. One tool used in this process is the Price Volume Trend indicator. In this FXOpen article, we will delve into this indicator, discussing its calculation, uses, and limitations.
What Is the Price Volume Trend...
USD/CAD is correcting gains and trading below the 1.3655 support.
Important Takeaways for USD/CAD Analysis Today
· USD/CAD declined below the 1.3655 and 1.3615 support levels.
· A connecting bearish trend line is forming with resistance near 1.3615 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair...
GBP/USD retested the 1.2450 support and is now correcting losses.
Important Takeaways for GBP/USD Analysis Today
. The British Pound is eyeing a fresh increase above the 1.2580 resistance.
· There is a key bearish trend line forming with resistance near 1.2550 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly 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.
NZD/USD is now attempting a fresh increase from the 0.5860 support zone.
Important Takeaways for NZD/USD Analysis Today
· NZD/USD declined heavily from the 0.6000 resistance zone.
· Recently, there was a break above a connecting bearish trend line with resistance near 0.5880 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the...
AUD/USD declined 0.6400 before the bulls appeared.
Important Takeaways for AUD/USD Analysis Today
· The Aussie Dollar started a fresh decline from well above the 0.6440 level against the US Dollar.
· There is a key contracting triangle forming with resistance near 0.6400 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly...
The price of the main cryptocurrency rose above the level of 26k US dollars. This was fueled by the news that Ark Invest and 21Shares filed applications with the US Securities and Exchange Commission (SEC) for a spot ETF on Ethereum.
Some say recent verdicts in favor of cryptocurrency firms Grayscale and Ripple Labs in lawsuits against the SEC increase the...
Why is the yuan falling?
→ Strong US dollar. Yesterday it became known that the number of applications for unemployment benefits in the US amounted to 216k for the week — below the forecast of 232k applications. This is the lowest level since February.
→ Worsening problems in the Chinese economy. Yesterday's data from the General Administration of Customs of...
Accumulative Swing Index: Definition and How to Use It
While many traders opt for moving averages to decipher market movements, some prefer the Accumulative Swing Index. This tool helps traders gauge trends at-a-glance and offers some fairly versatile setups. In this article, we will unpack its intricacies, from its foundational formulas to practical...
As a result of yesterday's trading, AAPL shares fell more than 3.5%.
The reason is in the news that came from China:
→ According to the WSJ, Chinese central government officials have been ordered not to use iPhones or bring them to the office. Apple's business is very vulnerable to tensions between China and the US, as most of the US company's products are...
Yesterday it became known that the Bank of Canada (BOC) decided to keep the rate at 5% — the highest level in 22 years.
Here are the key takeaways from CEO Tiff Macklem's press conference:
→ excess demand is declining, but the BOC is remaining concerned about persistence of high inflation;
→ the labor market is gradually calming down, but wage growth remains...
In 2023, Japan's stock market is in a bullish trend (shown by the blue channel) as the country has an ultra-loose monetary policy (unlike other G7 countries that are fighting inflation). As a result, the cheap yen helps Japanese companies, which are largely export-oriented, to develop. According to the Cabinet of Japan, GDP in the second quarter of 2023 increased...
On Tuesday, financial market participants received a piece of data that gives signs of a slowdown in economies in different countries. Namely, the PMI index (an index of purchasing managers, which is considered a leading economic indicator) showed a negative trend in China and a number of European countries.
This led to a decrease in exchange rates against the US...
USD/JPY is rising and might climb further toward the 148.80 resistance zone.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 146.10 and 147.00 levels.
· There is a connecting bullish trend line forming with support near 147.20 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at...
