AUD/USD declined below the 0.6760 and 0.6720 support levels.
Important Takeaways for AUD/USD Analysis Today
The Aussie Dollar started a fresh decline from well above the 0.6800 level against the US Dollar.
There was a break below a key bullish trend line with support near 0.6750 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On...
The social media giant's second-quarter results encouraged investors as ad revenue surged, the company is embracing AI, monetization of Instagram and Reels.
→ Facebook now has 2.06 billion daily active users, up 5% from a year ago. And taking into account Instagram and other applications — 3.07 billion, which is 7% more.
→ At the same time, the number of...
After the 11th increase, the interest rate reached 5.5%.
At the same time, the US dollar weakened because:
→ market participants may consider this to be the last hike in the cycle (although Powell admitted the possibility of a rate hike in September);
→ the Fed is no longer considering a recession scenario, which has reduced the relevance of cash as a defensive...
The inverted hammer candlestick pattern is a one-candlestick formation that can signal a potential reversal from a downtrend to an uptrend in the market. Traders and technical analysts often look for this pattern to identify potential buying opportunities in financial markets. In this article, delve into the meaning of inverted hammer candlestick and explore...
Google Report Gives Positive Momentum to S&P 500 Price Ahead of Fed Decision
Yesterday, after the close of the main trading session, the reports of Microsoft and Google, one of the leaders of the AI-related boom, were published.
MSFT's share price fell more than 3% post-market as, despite Microsoft's Q2 performance for 2023 exceeding analysts' expectations, the...
USD/JPY climbed higher above 141.00, but it might now correct gains in the near term.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 140.00 and 141.35 levels.
There is a key bearish trend line forming with resistance near 141.35 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY...
EUR/USD started a fresh decline below 1.1145.
Important Takeaways for EUR/USD Analysis Today
The Euro declined below the 1.1145 and 1.1095 support levels.
There is a major bearish trend line forming with resistance near 1.1095 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
Since the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April.
Among the drivers of oil price growth may be:
→ production cuts by Saudi Arabia;
→ restriction of export from the Russian Federation;
→...
Yesterday, the price of BTC/USD fell below the level of 29,700, a support that has been in place for about a month.
What are the reasons for the decline? CNBC writes about:
→ strengthening of the USD on the eve of the Fed's meeting on the interest rate, which puts pressure on the price of bitcoin, denominated in US dollars;
→ an article in the WSJ raising...
The bearish harami is a two-candlestick pattern that highlights that the market is in for a possible reversal from an uptrend to a downtrend. It may benefit traders and technical analysts seeking to spot selling opportunities. This article will outline how to recognise this formation with various bearish harami examples on a price chart and then interpret its...
USD/CAD is rising and might gain pace above the 1.3230 resistance zone.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is rising steadily from the 1.3120 support zone.
There was a break above a major bearish trend line with resistance near 1.3200 on the hourly chart at FXOpen.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at...
GBP/USD is trading near the 1.2800 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.3120 resistance zone.
There is a key bearish trend line forming with resistance near 1.2870 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at...
This week 166 companies that make up 33% of the S&P 500 index will publish their reports for the second quarter. Among them, the second largest company in the index, Microsoft. And here, an interesting situation develops: the fundamental background is quite strong, and technical analysis shows signs of weakness. Judge for yourself.
Fundamental analysis:
→ the...
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.
On July 18, we wrote about the vulnerability of the market to a rollback from the block of resistance, which is formed by the level of 1.12 euros per US dollar and the upper line of the rising channel. Since then, the EUR/USD price has fallen by more than 1%.
The most noticeable was yesterday's decline in the price of EUR/USD, which was due, among other things,...
Trading reversals can often lead to successful trades, but identifying them is harder than it may seem. One tool that can offer valuable insights into reversals is the Bill Williams Fractal indicator. In this article, we’ll explore how this indicator works, its uses, and three effective fractal trading strategies.
What Is a Fractal?
In the world of...
Gold price is correcting lower from the $1,988 resistance.
Important Takeaways for Gold Price Analysis Today
Gold prices failed to clear the 1,988 resistance and corrected lower against the US Dollar.
Gold traded below a key bullish trend line with support at $1,980 on the hourly chart at FXOpen.
Gold Price Technical Analysis
On the hourly chart...
Crude oil price is rising as the bulls aim for a move above the $72.20 resistance.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are also moving higher above the $71.50 resistance zone.
· There is a key bullish trend line forming with support near $70.50 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the...
