The Hang Seng Index is Near Important Support
The economy of China is hit by the decision to liquidate the developer Evergrande due to a debt of USD 300 billion. Bloomberg writes that this will have huge consequences for all of China.
While the S&P 500 index rose by more than 3% since the beginning of January, the Hang Seng index fell by more than 8%. JPMorgan...
What Is the Parabolic SAR in Trading?
Using reliable technical analysis indicators is key to making informed trading decisions and maximising profits. One such indicator is the Parabolic Stop And Reverse (SAR) system, which helps to determine where a price trend might end and subsequently reverse.
What is the Parabolic SAR in trading? In this FXOpen article, we...
Brent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions
The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in...
Choosing the Right Timeframe for Day Trading
In the fast-moving realm of financial markets, comprehending and evaluating price fluctuations is imperative for achieving success in trading. Technical analysis centres on delving into historical market data, primarily focusing on price and volume, to anticipate future shifts. In the domain of technical analysis, the...
NZD/USD is also rising and could extend its increase above the 0.6110 resistance zone.
Important Takeaways for NZD USD Analysis Today
NZD/USD is showing positive signs above the 0.6100 support.
There is a major bearish trend line forming with resistance near 0.6110 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly...
AUD/USD is moving higher and might surge if it clears 0.6610.
Important Takeaways for AUD USD Analysis Today
The Aussie Dollar is attempting a fresh increase from the 0.6570 zone against the US Dollar.
There is a key contracting triangle forming with resistance near 0.6595 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the...
As the chart shows, the closing price on January 24 = USD 173.79, closing price on January 25 = USD 190.19. At yesterday's peak, IBM's share price was above USD 196, helped by a strong fourth-quarter earnings report that was positive about the company's prospects due to advances in AI.
→ Total revenue was USD 17.381 billion, compared to USD 16.690 billion in the...
Ultra-Fast Scalping Strategies in Forex
Scalping is a high-speed trading strategy that targets quick profits from small price movements. It's a method that appeals to those who want a hands-on, immediate trading experience. This article delves into three of the best 1-minute scalping strategies: Heikin-Ashi Pullback, RSI Extremes, and Stochastic Oscillator Quick...
The Price of Gold (XAU/USD) Has Descended to a Significant Support Level
The beginning of 2024 has not been the most positive for gold investors, despite a promising December 2023 when XAU/USD prices reached a historical high of $2135.39 per ounce, primarily due to a weak US dollar and expectations that the Federal Reserve (Fed) would begin lowering interest...
The Share Price of TSLA Sharply Declined After the Release of the Report
Following the publication of Tesla's (ticker TSLA) financial results for the fourth quarter of 2023, the company's stock price dropped. The TSLA share price in pre-market trading today is around $195, compared to yesterday's closing price of over $207 (approximately -6%).
Reasons for...
NFLX Price Sharply Rose on News of an Increase in the Number of Subscribers
The closing price of NFLX shares yesterday was 490.50, but during after-hours trading, NFLX experienced a sharp increase due to the release of the report. Today, in pre-market trading, NFLX is priced at over 530 dollars per share.
The main surprise contained in the report was the...
USD/JPY surged and broke the 148.00 resistance zone.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 148.00 and 148.30 levels.
There is a connecting bearish trend line forming with resistance at 148.00 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a...
EUR/USD started another decline from the 1.0915 resistance.
Important Takeaways for EUR/USD Analysis Today
The Euro started a fresh decline below the 1.0880 support zone.
There was a break below a key bullish trend line with support at 1.0880 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen,...
Forex 3-Session Trading System
In the dynamic world of forex trading, mastering session-specific strategies can be essential for your trading performance. The Asian, European and US sessions in forex have their own unique rhythms and opportunities. This article delves into three strategies tailored to these sessions, offering insights for traders to navigate the...
The Price of Bitcoin Has Dropped Below 40,000: What's Next?
The value of the main cryptocurrency has fallen below the psychological mark for the first time since December 4th of last year. According to on-chain metrics services, the decline in the price of Bitcoin on cryptocurrency exchanges triggered the liquidation of buyer positions for more than 25 million...
USD/JPY: The Yen Pauses in Anticipation of the Bank of Japan's Decision
In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today or tomorrow due to the...
Trading Forex and Bitcoin with CFDs: How Does It Work?
In the dynamic world of financial markets, currencies and cryptocurrencies represent two distinct assets with unique characteristics. This article aims to demystify these popular trading avenues, focusing on their mechanisms, risks, and opportunities. As we delve deeper, we'll compare forex trading with...
NASDAQ 100 Reaches Historic High. META Shares May Surpass the Historical High
The American stock index NASDAQ 100 has set a new historical high, surpassing the psychological mark of 17,000 points.
The growth was attributed to:
→ Analysts at Bank of America raising the rating of AAPL stocks, recommending them for BUY. The price of AAPL shares rose by almost...
