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.
Crude oil price is facing a strong resistance near the $79 zone and might correct lower.
Important Takeaways for Oil
· Crude oil price started a fresh increase from the $72.50 support zone.
· There is a connecting trend line forming with resistance near $79.10 on the hourly chart of XTI/USD.
Oil Price Technical Analysis
Crude oil price also started a fresh...
Gold price is moving lower and trading below $1,880.
Important Takeaways for Gold
· Gold price started a strong decline below the $1,900 level against the US Dollar.
· It traded below a key rising channel with support near $1,872 on the hourly chart of gold.
Gold Price Technical Analysis
Gold price struggled to stay above the $1,950 level against the US...
USD/JPY is rising and might aim more upsides if it stays above the 130.20 support.
Important Takeaways for USD/JPY
· USD/JPY is attempting a fresh increase above the 131.00 support zone.
· There was a break above a major contracting triangle with resistance near 130.00 on the hourly chart.
USD/JPY Technical Analysis
The US Dollar started a fresh increase...
EUR/USD is correcting lower and trading below 1.0800.
Important Takeaways for EUR/USD
· The Euro started a downside correction from the 1.1035 resistance zone.
· There is a key bearish trend line forming with resistance near 1.0750 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
This past week, the Euro gained pace above the 1.0950 resistance...
At the end of last week, the much anticipated action from many central banks across the Western world took place, and interest rates were increased once again.
There were many forecasts during the advent of the interest rate rises which largely focused on the United States Federal Reserve Bank's anticipated rate rise, however the European Central Bank and the...
EUR/GBP is rising and trading above the 0.8920 support zone.
Important Takeaways for EUR/GBP
· EUR/GBP started a steady increase above the 0.8900 and 0.8920 levels.
· There is a major bullish trend line forming with support near 0.8945 on the hourly chart.
EUR/GBP Technical Analysis
The Euro started a steady fresh increase from the 0.8750 support zone...
GBP/USD started a fresh decline below the 1.2200 support zone.
Important Takeaways for GBP/USD
· The British Pound started a fresh decline from the 1.2400 resistance against the US Dollar.
· There is a key bearish trend line forming with resistance near 1.2120 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
The British Pound started a major...
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports that have affected the markets. CFDs are complex instruments and come with a high risk of losing your money.
NZD/USD Hourly Chart
NZD/USD is also declining and reaching an important support at 0.6450.
Important Takeaways for NZD/USD
· NZD/USD also started a downside correction after it failed to clear 0.6540.
· There is a connecting bullish trend line forming with support near 0.6440 on the hourly chart of NZD/USD.
NZD/USD Technical Analysis
The New Zealand...
AUD/USD Hourly Chart
AUD/USD is correcting gains from the 0.7150 resistance zone.
Important Takeaways for AUD/USD
· The Aussie Dollar started a fresh decline from the 0.7150 resistance against the US Dollar.
· There was a break below a key bullish trend line with support near 0.7080 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
The Aussie...
EUR/USD is facing resistance near the 1.0880 zone. EUR/JPY is also facing hurdles and remains at a risk of a downward move below 141.00.
Important Takeaways for EUR/USD and EUR/JPY
· The Euro started a fresh increase from the 1.0800 zone.
· There is a key bearish trend line forming with resistance near 1.0895 on the hourly chart.
· EUR/JPY started a steady...
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...
