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News about US Inflation Shake Markets According to data published yesterday: → Core CPI: actual = 0.4%, expected = 0.3%, past values = 0.3% → CPI: actual = 0.3%, expected = 0.2%, past values = 0.3% Thus, the statistics dealt a blow to the hopes of market participants that inflation in the United States is fading and the Fed will lower interest rates. The figures suggest that tight monetary policy will remain tight for longer. The market reaction was a sharp rise in the price of the US dollar - accordingly, many exchange assets denominated in USD fell in price: → the EUR/USD rate fell by approximately 0.5%, setting a minimum for the year; → the price of E-mini futures for the S&P-500 index decreased by approximately 1.5%; → the price of E-mini futures for the Nasdaq-100 index decreased by approximately 2.0%; → the price of gold XAU/USD decreased by approximately 1.8%; → the price of bitcoins BTC/USD decreased by more than 3%, but this morning the cryptocurrencies have already managed to recover, thus winning back yesterday’s dump. Also resistant to news about inflation in the United States was the price of oil XBR/USD, which is rising against the backdrop of a tense geopolitical situation. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: Gold Price Takes Hit While Crude Oil Price Extends Rally Gold price is declining below the $2,010 support zone. Crude oil price is rising and it could climb further higher toward the $80 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Gold price failed to clear the $2,032 resistance and corrected lower against the US Dollar. It traded below a short-term rising channel with support at $2,020 on the hourly chart of gold at FXOpen. Crude oil prices are moving higher above the $76.10 resistance zone. There is a key bullish trend line forming with support near $77.40 on the hourly chart of XTI/USD at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,020 resistance. The price even broke the $2,030 level before the bears appeared. The price traded as high as $2,032 before there was a fresh decline, as mentioned in the previous analysis. There was a move below the $2,020 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $1,988 zone. The price is now consolidating losses near the $1,990 level. Immediate resistance on the upside is near the $1,998 level or the 23.6% Fib retracement level of the downward move from the $2,031 swing high to the $1,988 low. The next major resistance is near the 50-hour simple moving average and the 50% Fib retracement level of the downward move from the $2,031 swing high to the $1,988 low at $2,010. An upside break above the $2,010 resistance could send Gold price toward $2,020. Any more gains may perhaps set the pace for an increase toward the $2,032 level. If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $1,988 level. The first major support is $1,980. If there is a downside break below the $1,980 support, the price might decline further. In the stated case, the price might drop toward the $1,962 support. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

S&P500 has been on a roll, but will it continue? Over the past few months, the S&P 500 index has been growing in value in an almost linear fashion, taking the prestigious North American index, which tracks the performance of the largest companies whose stock is listed on exchanges in the United States, from a low point in October to its extremely high position of today. On October 27 last year, the S&P 500 index languished at 4,117.9 points according to FXOpen charts, representing a dip in value accumulating as summer gave way to autumn last year. Immediately after this took place, a rally began, which lasted until now, taking the S&P 500 index from that low point at the end of October to 5,027.8 at the close of the US trading session yesterday. That is a remarkable figure indeed and is a high point that occurred following the market euphoria that took place at the end of last week when the S&P 500 index passed the 5,000-point mark, making it a record high for the prestigious index. Overall, the S&P 500 has been growing in value tremendously when looked at over a longer period of time. According to some sources in mainstream media, the S&P 500 index increased by a remarkable 24% during 2023, despite its dip during the beginning of the first quarter. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EURUSD Technical Analysis – 13th FEB, 2024 EURUSD – Parabolic SAR Bullish Reversal EURUSD had some indecisive moves today where it touched a low of 1.0756, after which we can see the continuation of the Bullish trend. We can see the formation of the Parabolic SAR Bullish reversal in the both the 30-minutes and 1-hourly timeframe. Super Trend indicator is also giving a bullish reversal signal and now we are looking to touch 1.0800 levels. Both the Moving Averages MA50 and MA100 are indicating a Bullish trend reversal at the current market levels of 1.0776. The MACD indicator is giving a bullish divergence signal in the 4-hourly timeframe. The prices of EURUSD are ranging near the support of channel in the daily timeframe. EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages. Euro bullish continuation seen above the 1.0758 mark. Short-term range appears to be Mild Bullish. EURUSD continues to remain above the 1.0760 levels. Average true range ATR is indicating less market volatility. The next resistance is located at 1.0890 which is a 14-3 Day Raw Stochastic at 80%. EURUSD is now trading just near its Pivot levels of 1.0772 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0768 and is moving towards its next target of 1.0800. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 13th FEB, 2024 GBPUSD – Resistance of Channel is Broken GBPUSD continues its bullish streak today after touching a bottom of 1.2608 in the early Asian trading session. We can see that the resistance of the channel is broken in both the 15-minutes and 1-hourly time-frame. We can see the formation of Moving Average bullish crossovers in both the AMA20 and AMA50. We can see that the price of GBPUSD has already crossed 14-3 Day Raw Stochastic at 50% which is located at 1.2646. Most of the Major technical indicators and Moving averages are giving a BUY signal at the current market levels of 1.2675. The prices are expected to enter into a consolidation phase soon, and we may see some downwards price correction before the resumption of the Uptrend. GBPUSD is now trading above its both the 100-hour SMA and 200-hour SMA simple moving average. Pound bullish reversal pattern seen above the 1.2608 mark. Short-term range appears to be Mild Bullish. GBPUSD continues to remain above the 1.2650 levels. Average true range ATR is indicating high market volatility. GBPUSD is now trading above its Pivot levels of 1.2664 and is moving into a Mild Bullish Channel. The price of GBPUSD has already crossed its Classic resistance levels of 1.2658 and the next target is located at 1.2685 at which the Price Crosses 9 Day Moving Average Stalls. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

Major Currency Pairs in Consolidation Phase ahead of US Inflation Data Release In mid-February, the volatility of major currency pairs slowed down somewhat. Leading Central Banks have taken a pause in changing monetary policy, and the incoming fundamental data is quite weak for the formation of new trends. As a result, the pound/US dollar pair was stuck between 1.2640-1.2520, the euro/US dollar pair found support just above 1.0700, and greenback buyers in the US dollar/yen pair managed to strengthen above 149. Nevertheless, the current flat movement may end this week. A lot of important fundamental data releases are expected in the coming trading sessions, which could lead to both the continuation of current trends and the formation of new trends. GBP/USD As the GBP/USD chart shows, the pound's decline at the beginning of this month, driven by a strong US employment report, slowed to 1.2520. On the weekly time frame, the price found support at the intertwined alligator lines. If the 1.2600-1.2520 range confirms support status, the price could retest the important 1.2800-1.2700 range. In case of a downward breakdown of the 1.2500 level, the pair may resume its downward movement in the direction of 1.2400-1.2200. Today at 10:00 GMT+3, we are waiting for data on average wages in the UK for December last year, and at this time the change in employment and the unemployment rate for the same period will be published. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Bitcoin Price Exceeds Psychological Level of $50k The last time the BTC price was above $50,000 was in December 2021, making its way to the low around $15,500 reached in November 2022. Reaching the $50,000 level was facilitated by: → waiting for the halving, after which the price of Bitcoin is believed to receive a bullish impulse due to a reduction in supply; → the effect of the approval of a Bitcoin ETF; → expectation of easing of the Fed's monetary policy, which increases interest in risky assets. By the way, the Nasdaq-100 technology stock index set a historical high yesterday, breaking the level of 18,000 points. At the same time, the BTC/USD chart shows that: → the price of Bitcoin moves within an ascending channel (shown in blue), which dates back to last fall; → from the point of view of technical analysis, with this channel construction, the price of Bitcoin still has some room to rise to its upper limit. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Volatility Leads To Pessimism Around UK's FTSE 100 Index During the past few weeks, the FTSE 100 index, which consists of the stocks of the 100 most prestigious and well-established large corporations listed on the London Stock Exchange, has been somewhat volatile. The foray into the new year so far has been a far cry from the same period last year, when euphoria among investors and analysts alike abounded during February 2023 due to London's long-established index having surpassed the 8,000 point mark for the first time in history. Here we are now in February 2024, and things are somewhat different. As trading begins for the new week ahead, there is a pessimistic tone to many analyses relating to the performance of the FTSE 100, especially compared to other indices comprising stocks listed on other globally recognised premium venues. The overall performance of the FTSE 100 index since the beginning of 2024 has included a series of upward and downward movements; however, as this week began, the index was valued at 7,583 points as depicted by the bottom of the candlestick at 9.00 am UK time, according to the FXOpen chart, which is considerably lower than a top value of 7,711 on February 7. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

GBPUSD Technical Analysis – 12th FEB, 2024 GBPUSD – Bullish Harami Cross Pattern GBPUSD started the week on a Bullish tone touching a high of 1.2653, after which we saw some decline towards the 1.2606 levels. We can see the formation of Bullish Harami Cross pattern in the 4-hourly timeframe. The present price action supports the view that we can see some short-term declines but the prices will enter into a consolidation phase soon. We can see Bullish trend reversal pattern in the 1-hourly timeframe. Since most of the technical indicators are Neutral at this moment, it will take some time before we can see the resumption of the bullish trend. The prices of GBPUSD are ranging near support of channel in the weekly timeframe. GBPUSD is now trading below its both the 100-hour SMA and 200-hour SMA simple moving average. Pound bullish reversal pattern seen above the 1.2580 mark. Short-term range appears to be Neutral. GBPUSD continues to remain above the 1.2600 levels. Average true range ATR is indicating high market volatility. GBPUSD is now trading just below its Pivot levels of 1.2614 and is moving into a Mild Bearish Channel. The price of GBPUSD is looking to cross its Classic resistance levels of 1.2610 after which we can see a bullish progression towards the 1.2650 handle again. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 12th FEB, 2024 EURUSD – CCI Indicator: Bullish Divergence EURUSD continued its bullish momentum from last week and after crossing the 1.0800 handle we saw some decline towards the 1.0764 levels. The prices of EURUSD continue to remain above the 1.0760 levels and have entered the consolidation phase. We can see that the CCI Indicator is giving a Bullish Divergence signal in the 1-hourly timeframe. Both the Moving Averages MA50 and MA100 are indicating a Bullish trend reversal at the current market levels of 1.0770. The MACD crosses UP its Moving average in the 15-minutes timeframe and we are now expecting a fresh move towards the 1.0800 level. The prices of EURUSD are ranging near the support of channel in the weekly timeframe. EURUSD is now trading below its both 100-hour SMA and 200-hour SMA simple moving averages. Euro bullish continuation seen above the 1.0745 mark. Short-term range appears to be mildly bullish. EURUSD continues to remain above the 1.0760 levels. Average true range ATR is indicating high market volatility. The next resistance is located at 1.0798 which is a Pivot Point 1st Resistance Point. EURUSD is now looking to cross 1.0816 which is a 38.2% Retracement From 4 Week Low. EURUSD is now trading just near its Pivot levels of 1.0769 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0764 and is moving towards its next target of 1.0800. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

Markets Await Publication of Key Macroeconomic Statistics from the US and UK Tomorrow, January inflation data in the United States will be presented: the consumer price index in monthly terms is projected to slow from 0.3% to 0.2%, and in annual terms from 3.4% to 3.0%, the upper limit of the target range of the US Federal Reserve. The indicator excluding food and energy prices may be adjusted from 3.9% to 3.8%. With the opening of the American session, the focus will shift to January inflation data in the United States. Analysts do not expect significant fluctuations in the indicator, but still hope that the publication will become a new impetus for the early easing of monetary policy by the US Federal Reserve. Thus, experts expect that the consumer price index will decrease from 3.4% to 3.0% on an annual basis and from 0.3% to 0.2% on a monthly basis. Markets have almost completely revised expectations for the regulator's March meeting and are now inclined to believe that the interest rate will be adjusted by 25 basis points in May. EUR/USD The EUR/USD pair is showing moderate growth, developing upward dynamics since February 6. The euro is testing the 1.0790 mark for an upward breakout, updating local highs from February 2. Immediate resistance can be seen at 1.0805, an upward breakout could trigger an increase to 1.0897. On the downside, immediate support is seen at 1.0767, a break below could take the pair towards 1.0750. At the same time, activity on the market remains quite restrained, and trading participants are in no hurry to open new positions ahead of the publication of macroeconomic statistics. On Wednesday, investors will evaluate the final data on eurozone GDP for the fourth quarter of 2023, as well as December statistics on industrial production. Forecasts suggest the region's economy will gain another 0.1% annual growth, while industrial output could fall 4.1% from -6.8% in the previous month. Last Friday, the eurozone published data on inflation in Germany: the consumer price index in January was 0.2%, the same as a month earlier, which coincided with market expectations, and in annual terms the figure remained at 2.9%. Technical analysis of EUR/USD shows that a new upward channel has formed based on last week’s highs. Now the price has moved away from the upper limit and may continue to decline. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nikkei 225 Index Price Sets 34-year High The price of the Nikkei 225 index is fixed above the level of 37,000 points. The last time this happened was after the index reached its all-time high in 1989. The bullish behavior of the Japanese stock market has the following reasons: → Strong corporate reporting. In particular, SoftBank shares rose 11% due to increased sales of its subsidiary Arm, which develops chips for the development of artificial intelligence. → Dovish view of the Bank of Japan's monetary policy. Thus, Bank of Japan Vice Governor Shinichi Uchida said that the central bank will not aggressively tighten its monetary policy even if it ultimately decides to end negative interest rates. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Watch FXOpen's 05 - 09 February Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: S&P 500, CAD, GBP/USD, AMZN Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of -FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. The Price of S&P 500 Sets Historical Record By Exceeding 5,000 #SP500 CAD Strengthened After Statements from the Head of the Bank of Canada #CAD GBP/USD Displays Volatility as Pound Demonstrates Low Performance #GBPUSD AMZN Share Price Rises Nearly 8% after Report #Amazon #AMZN Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions. FXOpen YouTube Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. #fxopen #fxopenyoutube #fxopenuk #fxopenint #weeklyvideo

Bitcoin Recovers to January 11 Prices When ETFs Were Approved Waiting for SEC regulatory approval of applications to create a Bitcoin ETF was an important driver of Bitcoin price growth at the end of 2023. However, when applications were actually approved on January 11, 2024 (here is what we wrote about it), there was a decline in cryptocurrency prices. In particular, the price of Bitcoin decreased from a maximum of January 11 at USD 48,877 per coin, dropping below USD 40k in the twenties of January. Fortunately for investors in the cryptocurrency market, the collapse did not occur, and today the price of Bitcoin exceeded USD 46k, thereby recovering to the levels of January 11. This was facilitated by: → the Chinese New Year (celebration begins on February 10). As crypto media write, traditionally during this period there is an optimistic revival in the cryptocurrency market. → Interest in investing in risky assets in anticipation of the Fed lowering interest rates. Access to cryptocurrency investments has become easier with the approval of ETFs. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

USD/JPY Reaches 10-week High amid Statements by Head of Bank of Japan Bank of Japan Governor Kazuo Ueda said today that there is a high likelihood that accommodative monetary conditions will continue even after the bank ends its negative interest rate policy — an event that is expected as early as next month, according to Reuters. On the other hand, the USD index has been strengthening since the beginning of 2024, indicating that market participants assume that the easing of the current tight Fed policy may last longer. As a result, the price of USD/JPY rises again towards the psychological level of 150 yen per dollar. The weekly USD/JPY chart shows that: → After an attempt at a bullish breakout of this level in the fall of 2022, a strong bearish impulse occurred (justified by the actions of the Bank of Japan to protect the yen), and the price dropped below the level of 130 yen per dollar in early 2023. → After an attempt at a bullish breakout in the fall of 2023, a less powerful bearish movement formed, the rate did not fall below 140 yen per dollar. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Market Analysis: AUD/USD Struggles While NZD/USD Grinds Higher AUD/USD is declining below the 0.6540 support zone. NZD/USD is rising and could extend its increase above the 0.6130 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh decline below the 0.6540 level against the US Dollar. There is a connecting bearish trend line forming with resistance near 0.6510 on the hourly chart of AUD/USD at FXOpen. NZD/USD is gaining bullish momentum above the 0.6080 support. There was a break above a major bearish trend line with resistance at 0.6105 on the hourly chart of NZD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair struggled to stay above the 0.6600 pivot zone. The Aussie Dollar started a fresh decline below the 0.6550 and 0.6540 levels against the US Dollar. The pair even settled below the 0.6510 level and the 50-hour simple moving average. Finally, it tested the 0.6480 support zone. The recent low was formed near 0.6480 and the pair is now consolidating losses near the 23.6% Fib retracement level of the downward move from the 0.6540 swing high to the 0.6480 low. On the upside, the AUD/USD chart indicates that the pair is now facing resistance near a connecting bearish trend line at 0.6510. The trend line is near the 50% Fib retracement level of the downward move from the 0.6540 swing high to the 0.6480 low. The first major resistance might be 0.6540. An upside break above the 0.6540 resistance might send the pair further higher. The next major resistance is near the 0.6610 level. Any more gains could clear the path for a move toward the 0.6660 resistance zone. On the downside, initial support is near the 0.6480 zone. The next support could be the 0.6470 zone. If there is a downside break below the 0.6470 support, the pair could extend its decline toward 0.6420. Any more losses might signal a move toward 0.6380. VIEW FULL ANALYSIS VISIT - FXOpen Blog... Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

EURUSD Technical Analysis – 09th FEB, 2024 EURUSD – Bullish Price Crossover Pattern EURUSD is moving in a mild bullish momentum after crossing the 1.0770 levels as the prices are ranging near the support of the channel in the 15-minutes timeframe. We can also see that the MACD has crossed UP its moving average and Williams percent range indicator is back over -50 in the 15-minutes timeframe indicating the bullish nature of the markets. We can see the formation of Bullish price crossover pattern with moving average 50 in the 1-hourly timeframe, with immediate targets of 1.0800. The prices of EURUSD are ranging near the support of channel in the weekly timeframe. Most of the moving averages are giving a bullish signal at the current market levels of 1.0776. EURUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages. Euro bullish continuation seen above the 1.0729 mark. Short-term range appears to be mildly bullish. EURUSD continues to remain above the 1.0750 levels. Average true range ATR is indicating less market volatility. The next resistance is located at 1.0785 which is a 14-3 Day Raw Stochastic at 30%. EURUSD is now trading just above its Pivot levels of 1.0771 and is moving into a Mild Bullish Channel. The price of EURUSD has already crossed its Classic resistance levels of 1.0768 and is moving towards its next target of 1.0800. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

AUDUSD Technical Analysis – 09th FEB, 2024 AUDUSD – Bullish Trend Reversal AUDUSD has resumed its Uptrend from its lows of 0.6468 on 05th Feb in the 1-hourly timeframe. The Adaptive Moving Averages AMA20 and AMA50 both are giving a Bullish trend reversal signal. We can see that the prices are ranging near the support of the triangle in the weekly timeframe indicating the Bullish nature of the markets. Most of the major technical indicators are giving a Strong Buy with immediate targets of 0.6530. We have also seen the formation of Doji in both the 15-minutes and 30-minutes timeframe indicating a Neutral stance of the markets and the continuation of the consolidation phase. AUDUSD is now trading below its both the 100-hour SMA simple moving average and 200-hour SMA simple moving average. AUDUSD bullish reversal seen above the 0.6468 mark. Short-term range appears to be mildly bullish. AUDUSD continues to remain above the 0.6480 levels. Average true range ATR is indicating less market volatility. AUDUSD is now trading just below its Pivot levels of 0.6496 and is moving into a Mild Bullish Channel. The price of AUDUSD is near to its Classic resistance levels of 0.6496 and is inching closer towards the 0.6530 levels. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Experienced and Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 08th FEB, 2024 GBPUSD – Aroon indicator bullish trend GBPUSD has resumed its Uptrend from its lows of 1.2518 on 05th Feb in the 1-hourly timeframe. The Aroon indicator is giving a bullish trend formation with immediate targets of 1.2660 after which we can see some consolidation coming into the markets. We can see the formation of Bullish trend reversal pattern with the Moving Average 20, MA20 in the 4-hourly timeframe. The prices of GBPUSD are ranging near support of channel in the 15-minutes timeframe. Most of the moving averages are giving a bullish signal at the current market levels of 1.2627. GBPUSD is now trading above its 100-hour SMA simple moving average and below its 200-hour SMA simple moving average. • Pound bullish reversal seen above the 1.2518 mark. • Short-term range appears to be mildly bullish. • GBPUSD continues to remain above the 1.2620 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading just below its Pivot levels of 1.2631 and is moving into a Mild Bullish Channel. The price of GBPUSD has already crossed its Classic resistance levels of 1.2628 and is inching closer towards the 1.2660 levels. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 06th FEB, 2024 EURUSD – Resistance of the Channel is Broken EURUSD has broken the resistance of the channel in the 1-hourly timeframe. We can see the formation of an Uptrend with the immediate targets of 1.0770 today. We can see the formation of Bullish price crossover pattern with adaptive moving average 100 in the 30-minutes timeframe. The Momentum indicator is back over 0 indicating a Bullish trend. Most of the moving averages are giving a bullish signal at the current market levels of 1.0744. EURUSD is now trading below its both the 100-hour simple SMA and 200-hour exponential EMA moving averages. • Euro bullish reversal seen above the 1.0736 mark. • Short-term range appears to be mildly bullish. • EURUSD continues to remain above the 1.0730 levels. • Average true range ATR is indicating less market volatility. EURUSD is now trading just below its Pivot levels of 1.0751 and is moving into a Mild Bullish Channel. The price of EURUSD is now testing its Classic resistance levels of 1.0749 after which the path towards 1.0770 will get cleared. Note: This Analytics is created by me and is based on my own personal Forex trading experience of 10 years. I am using my trading experience to help Newbie traders and they should know about the risks of Forex trading. For in-depth analysis, please check FXOpen Blog

Daily Market Analytics - Forex Dear Traders, Here i will be posting the Daily Market Analytics in the Forex pairs listed below: EURUSD GBPUSD AUDUSD NZDUSD USDCAD USDCHF USDJPY EURJPY GBPJPY EURGBP I am using the Candlestick patterns and Major Technical indicators for this analysis which will be posted -> pre London markets Open time. Thanks

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