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Natural Gas Price: Bullish Trend Weakens Forecasts of a hotter summer, published during April and May, led to a sustained bullish trend in the natural gas market, as this commodity is heavily used for air conditioning. Specifically: → The XNG/USD chart indicates that from 1st April to today, the price of natural gas has increased by more than 55%. → According to Bloomberg, there is a 61% chance that 2024 will be the hottest year on record, surpassing 2023. → Natural gas supplies may be unstable due to an unforeseen maintenance shutdown at the Freeport plant. TO VIEW THE 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.

The Price of Gold Reached a Two-Week High As shown on the XAU/USD chart, this morning the price of gold exceeded $2360 per ounce (approximately +1.5% since the start of the week). According to Reuters, the increase in the price of gold was driven by: → Rising geopolitical tensions in the Middle East. Hezbollah leader Sayyed Hassan Nasrallah warns of an "all-out war" if Israel launches a full-scale invasion against the Lebanese militia after concluding a military cooperation agreement with Cyprus, with Cyprus potentially becoming a target for Hezbollah. → Expectations of a decrease in Fed interest rates. ANZ Research analysts note that the latest US economic data has shown improved conditions for the Fed to lower rates. High rates typically reduce the attractiveness of gold bars, which do not generate income. TO VIEW THE 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 and Crude Oil Price Turn Green Gold price started a fresh increase above the $2,335 resistance level. Crude oil prices are gaining bullish momentum and might rise toward $82.50. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,300 zone against the US Dollar. A connecting bullish trend line is forming with support near $2,345 on the hourly chart of gold at FXOpen. Crude oil prices rallied above the $79.00 and $80.00 resistance levels. There is a key rising channel forming with support at $80.85 on the hourly chart of XTI/USD at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price found support near the $2,300 zone. The price formed a base and started a fresh increase above the $2,320 level. There was a decent move above the 50-hour simple moving average and $2,335. The bulls pushed the price above the $2,350 resistance zone. Finally, the bears appeared near $2,365. A high was formed near $2,365.43 and the price is now consolidating gains. TO VIEW THE 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 – 20th JUNE, 2024 GBPUSD – Horizontal support is broken GBPUSD was unable to continue its bullish momentum and after touching a high of 1.2722 the prices started to decline against the United States dollar. We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving average AMA20 in the 4-hourly timeframe. The Horizontal support is also broken in the daily timeframe. The RSI indicator is also back under 50 in the daily timeframe. We have also seen a Bullish opening of the markets this week. The prices of GBPUSD are ranging near the new record low of 1 -months in the weekly timeframe. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bearish Reversal seen below the 1.2722 mark. • Short-term range appears to be Mild Bearish. • GBPUSD continues to remain above the 1.2650 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading below its Pivot levels of 1.2710 and is moving into a Mild Bearish channel. The price of GBPUSD is aiming to cross its Classic support levels of 1.2700 with further progression towards the 1.2680 which is a Pivot Point 2nd Support Point. We are also looking for the breach of the levels of 1.2666 at which the Price Crosses 40 Day Moving Average. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 20th JUNE, 2024 EURUSD – Bearish Trend Reversal EURUSD was unable to sustain its bullish momentum and after touching a high of 1.0748 the prices started to decline against the United States Dollar. We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 4-hourly timeframe. The prices of EURUSD are ranging near the resistance of the channel in the monthly timeframe. The Ichimoku price is under the cloud in the daily timeframe which also indicates the bearish tendencies present in the markets. We can also see the formation of the Ichimoku Bearish crossover Tenkan and Kijun in the 1-hourly timeframe. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bearish Reversal seen below the 1.0748 mark. • Short-term range appears to be Mildly Bearish. • EURUSD continues to remain above the 1.0700 levels. • Average true range ATR is indicating less market volatility. The next support is located at 1.0705 which is a Price 2 Standard Deviations Support. EURUSD is now trading below its Pivot levels of 1.0728 and is moving into a Mild Bearish channel. The price of EURUSD remains above its Classic support levels of 1.0706 and is moving towards its next target of 1.0699 which is a Pivot Point 3rd Support Point. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25% Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise. According to SNB Chairman Thomas Jordan: → Inflation in Switzerland is decreasing; → In recent weeks, the Swiss franc has significantly strengthened due to geopolitical tensions, and the SNB is prepared to be active in the Forex market if necessary. The market's reaction to the SNB's decision and the statements from its chairman resulted in a sharp weakening of the Swiss franc. Specifically, the USD/CHF rate rose by approximately 0.7% in the first few minutes. TO VIEW THE 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.

What Is a Standard Deviation, and How Can You Use It in Trading? Understanding market volatility is essential for effective trading, and one of the most valuable tools for measuring it is standard deviation. This gauge quantifies the dispersion of asset prices around their mean and provides insights into the variability and potential risk associated with a financial instrument. This article delves into what standard deviation is, its calculation, interpretation, practical implementation, and its limitations. What Is Standard Deviation? Standard deviation is a statistical measure that quantifies the dispersion or variability of a set of data points relative to their mean. In trading, it is used to assess the volatility of a financial instrument. A higher standard deviation indicates greater variability in prices, suggesting more significant swings, while a lower value suggests smaller price fluctuations. TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG Disclaimer: This article represents the opinion of the FXOpen INT company only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the the FXOpen INT, nor is it to be considered financial advice. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

GBP Awaits Bank of England Verdict: Volatility Ahead? GBP/USD In the first half of the current trading week, the GBP/USD pair has confidently stayed above the significant range of 1.2700-1.2650, continuously attempting to resume its upward trend. Today, everything could change. Depending on the outcome of the Bank of England meeting and the market's reaction to the officials' decision, the pair could either strengthen to 1.2860 or fall to 1.2600. Additionally, we cannot rule out the possibility of the pair continuing its sideways movement, which it has been in for over four weeks. What do experts expect from today's Bank of England meeting: The interest rate is expected to remain at 5.25%. The number of votes for a rate cut is expected to be 2, and for the rate to remain unchanged, 7. Therefore, if any officials change their stance and the current balance shifts dramatically, volatility in the pound could sharply increase. TO VIEW THE 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.

What Are Upside and Downside Tasuki Gap Patterns? In the dynamic world of forex and CFD trading, the ability to recognise crucial chart patterns is essential for making informed decisions. Among the patterns frequently sought after by traders is the Tasuki Gap setup. This article delves into understanding the Tasuki Gap, its identification on charts, associated trading tactics, and its distinctions from other candlestick formations. Tasuki Gap Pattern: An Overview The Tasuki Gap is a candlestick formation that is used in technical analysis to indicate a potential continuation of a market trend. Comprising the Upside and Downside Tasuki Gaps, this setup allows traders to trade in uptrends and downtrends. The pattern is observed on any timeframe and in different markets, including forex, stocks, commodities, indices, and cryptocurrencies. TO VIEW THE FULL ARTICLE, VISIT THE 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. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

Brent Crude Oil Price Hits Highest Since 1 May As the chart shows, yesterday the price of Brent crude oil rose to $84.40, which is the highest level since 1 May 2024. The demand for Brent crude oil was driven by the following factors: The holiday season and increasing consumption from automotive and aviation transport. We wrote about this in the Brent market analysis on 11 June. Let us recall that Goldman Sachs analysts suggest that by the end of the summer, the price of Brent may rise to $86 per barrel with a “ceiling” around $90. Geopolitical tension, namely: → Ukrainian drone strikes on Russian oil refining bases. → The likelihood of escalation in the Middle East. For instance, Reuters reports that Israel’s Foreign Minister Israel Katz warned of an impending “total war” with Lebanon’s Hezbollah, which is backed by Iran. TO VIEW THE 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.

Nvidia Becomes World's Most Valuable Company According to the NVDA chart today, the share price rose yesterday to a new all-time high, surpassing $135 (after a 10-to-1 split). This pushed Nvidia's market capitalisation to $3.34 trillion, overtaking Microsoft, which is currently valued at $3.32 trillion. As CNBC reports: → Nvidia shares have risen by more than 170% this year, with a strong driver being the first-quarter earnings report released in May. → Since the end of 2022, the shares have increased more than ninefold, driven by the emergence of generative artificial intelligence. → Nvidia holds around 80% of the AI chip market used in data centres, with this business expanding thanks to purchases by OpenAI, Microsoft, Alphabet, Amazon, and Meta. What are the prospects for NVDA's share price? Will the company be able to maintain its status as the most valuable company, a title that has traditionally belonged to either Apple or Microsoft? TO VIEW THE 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 and NZD/USD Sight Steady Increase AUD/USD is attempting a recovery wave from 0.6590. NZD/USD could gain bullish momentum if there is a clear move above the 0.6150 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support near 0.6590 and is now recovering against the US Dollar. There was a break above a key bearish trend line with resistance at 0.6630 on the hourly chart of AUD/USD at FXOpen. NZD/USD is attempting a recovery wave above the 0.6110 resistance. There is a major bearish trend line forming with resistance near 0.6150 on the hourly chart of NZD/USD at FXOpen. AUD/USD Technical Analysis On the hourly chart of AUD/USD at FXOpen, the pair dipped from the 0.6700 resistance zone. The Aussie Dollar declined below 0.6660, but the bulls were active near 0.6600 against the US Dollar. A low was formed near 0.6590 and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward move from the 0.6704 swing high to the 0.6585 low. There was also a break above a key bearish trend line with resistance at 0.6630. TO VIEW THE 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.

TSLA Shares Revive After Shareholder Meeting Last week, Tesla held a shareholder meeting where the main events included: → Shareholders approving Elon Musk’s $56 billion compensation package in TSLA stock options; → Relocating the company’s legal headquarters to Texas; → Elon Musk’s statements on robotics, asserting that Optimus robots could make Tesla a $25 trillion company. Approving the massive compensation eliminated the risk of Musk leaving the company (which would likely have caused a sharp drop in TSLA stock price). The billionaire thanked shareholders and today, 18 June, posted on X (Twitter) announcing that he is working on a new master plan for Tesla’s development, likely focusing on the prospects of Optimus robots. Additionally, news emerged about the launch of Tesla Model 3 sales at a new price in China. This spurred activity in the TSLA stock market. TO VIEW THE 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.

Ebru Goren Hits 100.04% Gain, Maintains Top Spot For Second Consecutive Month Hi there, Ebru Goren from Turkey continues to make waves in the championship, achieving an impressive 100.04% gain while maintaining her position at the top of the standings for the second consecutive month. In another exciting development, Eduardo Soares Bogosian from Brazil has made a notable return to the standings, securing the 4th place. Bogosian, who took third place in the 2021 season, is once again demonstrating his trading prowess. With his Follow Trader Strategy account registered in the championship, Bogosian offers the opportunity to follow his strategy and benefit from his extensive experience. As usual, as the 2024 season unfolds, we invite traders who are confident and eager for growth to join our community! Enroll in FTC 2024 #forextrading #tradingstrategy #forexcup 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. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

What Is the Gravestone Doji and How Can You Use It in Trading? Candlestick patterns are important tools in analysing market movements and making trading decisions. Among these patterns, the Doji candlestick is particularly popular for identifying potential price reversals. The Gravestone Doji is a unique and powerful candlestick pattern. Like other Dojis, it reflects the market's sentiment and provides insights into the ongoing battle between buyers and sellers. This article explores the characteristics of the Gravestone Doji candlestick pattern and explains how to identify and trade it. Gravestone Doji Pattern: An Overview TO VIEW THE FULL ARTICLE, 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. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

European Currencies Adjust to Support Levels: Is Growth Possible? A week rich in macroeconomic data contributed to the decline of the euro, yen, and pound. Notably, the following events were significant: Inflation falling for the second consecutive month (0.2% against the expected 0.3%); The publication of the updated forecast from the Federal Reserve (one reduction in the federal funds rate by 0.25%, presumably in September). Nonetheless, despite the hawkish stance of the Federal Reserve and the steady slowdown in inflation, European currencies managed to stay above key levels relative to the dollar, even laying the groundwork for forming reversal patterns. TO VIEW THE 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.

Nasdaq 100 Index Reaches 20,000 Points for the First Time On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the candle indicated aggressive demand (more details in the article on the Hammer pattern). This test gave the bulls confidence to break through the 18,840 resistance. In June, the price continued to rally within the ascending channel (shown in green), which is part of a larger ascending channel (shown in blue), driven by: → prospects for AI implementation; → prospects of Fed rate cuts. Yesterday, the Nasdaq 100 (US Tech 100 mini on FXOpen) rose by approximately 1.2%, reaching the psychological level of 20,000 points. This record was supported by influential analysts raising their forecasts for US stock markets. For example: → Goldman Sachs raised the year-end 2024 target for the S&P 500 (US SPX 500 mini on FXOpen) from 5200 to 5600; → Evercore ISI increased its forecast for the same index from 4750 to 6000. Market sentiment was also buoyed by the anticipation of several comments from FOMC members scheduled for this week. These might confirm the Fed's intention to cut rates as early as September this year. TO VIEW THE 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.

NZDUSD Technical Analysis – 17th JUNE, 2024 NZDUSD – Bullish Trend Reversal NZDUSD continued its decline towards the 0.6108 levels after which we can see some rebound in its prices in the European Trading session. We can see the formation of Bullish Trend reversal with Moving Average MA20 in the weekly timeframe. The prices of NZDUSD are ranging near the support of the triangle in the monthly timeframe which indicates the bullish rebound. The RSI indicator is giving a bullish divergence signal in the 1-hourly timeframe. The prices of NZDUSD are ranging near a new record high of 1 -months and 1-year which also indicates the presence of the bullish trends in the markets. NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • NZDUSD Bullish rebound seen above the 0.6108 mark. • Short-term range appears to be Mild Bullish. • NZDUSD continues to remain above the 0.6100 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 0.6120 which is a 3-10 Day MACD Oscillator Stalls. NZDUSD is now trading below its Pivot levels of 0.6115 and is moving into a Mild bullish channel. The price of NZDUSD remains above its Classic support levels of 0.6090 and is moving towards its next target of 0.6128 which is a 14-3 Day Raw Stochastic at 30%. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

AUDUSD Technical Analysis – 17th JUNE, 2024 AUDUSD – Bullish Trend Reversal AUDUSD prices continued to decline after which we can see the resumption of the bullish trend in the markets. We can see that the prices are recovering in the European trading session. We can see the formation of Bullish Trend reversal with the Moving Average MA20 in the weekly timeframe. The prices of AUDUSD are ranging near the support of triangle in the monthly timeframe. We have also seen Bullish opening of the markets this week. The Momentum indicator is back over Zero in the 2-hourly timeframe. AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • AUDUSD Bullish Reversal seen above the 0.6590 mark. • Short-term range appears to be Mild Bullish. • AUDUSD continues to remain above the 0.6590 levels. • Average true range ATR is indicating less market volatility. The next resistance is located at 0.6601 which is a 3-10 Day MACD Oscillator Stalls. AUDUSD is now trading just below its Pivot levels of 0.6598 and is moving into a Mild bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6588 and is moving towards its next target of 0.6611 at which the Price Crosses 40 Day Moving Average. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

GBPUSD Technical Analysis – 17th JUNE, 2024 GBPUSD – Bullish Price Crossover GBPUSD entered into a consolidation phase after which we can see some positive price correction in the levels of Pound in the European Trading session today. We can see the formation of Bullish price crossover pattern with the Moving Average MA20 in the 15-minutes timeframe. The MACD indicator is giving a bearish divergence signal in the weekly timeframe. We have also seen a Bullish opening of the markets this week. The prices of GBPUSD are ranging near the horizontal support in the daily timeframe which is also indicative of the bullish trends. Both the CCI and RSI indicators are giving a bullish divergence signal in the 4-hourly timeframe. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bullish Reversal seen above the 1.2656 mark. • Short-term range appears to be Mild Bullish. • GBPUSD continues to remain above the 1.2650 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading near to its Pivot levels of 1.266 and is moving into a Mild Bullish channel. The price of GBPUSD is aiming to cross its Classic resistance levels of 1.2673 with further progression towards the 1.2697 which is a 14-3 Day Raw Stochastic at 20%. We are also looking for the breach of the levels of 1.2702 which is a Pivot Point. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

EURUSD Technical Analysis – 17th JUNE, 2024 EURUSD – Bullish Trend Reversal EURUSD touched a low of 1.0667 after which we can see some correction in the markets which managed to pull back the prices of Euro above the 1.0700 levels. We can see the formation of Bullish Trend Reversal pattern with the Adaptive Moving Average AMA100 in the 15-minutes timeframe. The Aroon Indicator is giving bullish trend signal in the 2-hourly timeframe. The prices of EURUSD are ranging back over the pivot point in the 4-hourly timeframe. The RSI indicator is also giving bullish divergence signal in the 4-hourly timeframe. The horizontal resistance of the channel is broken in the weekly timeframe which is indicative of the bullish pressure present in the markets. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bullish Reversal seen above the 1.0667 mark. • Short-term range appears to be Mildly Bullish. • EURUSD continues to remain above the 1.0700 levels. • Average true range ATR is indicating high market volatility. The next resistance is located at 1.0731 which is a 38.2% Retracement From 13 Week Low. EURUSD is now trading above its Pivot levels of 1.0709 and is moving into a Mild Bullish channel. The price of EURUSD remains above its Classic support levels of 1.0704 and is moving towards its next target of 1.0732 which is a Price 1 Standard Deviation Resistance. Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand. For in-depth analysis, please check FXOpen Blog

Adobe's Stock Surges Approximately 15% After Report Publication On June 5th in the article "Is ADBE Stock Undervalued?", we highlighted several bullish signs, suggesting that the report published on June 13th could be a driver for a resumption of the uptrend. Adobe's report released on June 13th proved to be strong: → Earnings per share: Actual = $4.48, Forecast = $4.39; → Revenue: Actual = $5.309 billion, Forecast = $5.291 billion. A 10% increase compared to the same quarter last year. Furthermore, the company stated that: → AI is more of an advantage than a hindrance to business development; → “We’re seeing early success monetizing new AI technologies across our Digital Media and Digital Experience businesses,” said Shantanu Narayen, Adobe's CEO. TO VIEW THE 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 Index Falls Below 38,000 Points This Month for First Time According to today's Nikkei 225 (Japan 225 on FXOpen) chart, the index quote dropped below 38,000 points at Monday's low, followed by a recovery (shown by an arrow). One of the drivers of the decline was the automotive sector, whose shares led during the downturn. In particular, according to Reuters, Toyota Motors' shares fell by more than 2% as the company faces difficulties due to a certification scandal. Japanese national broadcaster NHK reported that Toyota will extend the production halt for some models until the end of July. The fact that the Nikkei 225 (Japan 225 on FXOpen) price is recovering after dropping below the 38,000 mark suggests a false bearish breakout below this psychological level. TO VIEW THE 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.

FXOpen: CFD Trading for the Experts Advantages of CFD trading with FXOpen Over 600 markets Spreads from 0.0 pips and commission from $1.50 per lot MT4, MT5, TickTrader, and TradingView trading platforms with access anytime and anywhere Ultra-fast trade execution Regulated broker Open a CFD trading account #fxopen #fxopencfd 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. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

What Are Bullish and Bearish Counterattack Lines? In the realm of technical analysis, identifying and interpreting candlestick patterns is a fundamental skill for traders. Among these, bullish and bearish counterattack lines are notable for their potential to signal market reversals. Understanding their signals can enhance a trader’s ability to make informed decisions and optimise their trading strategies. In this article, you will learn how to identify counterattack lines, read their signals, and implement them in your trading. Counterattack Lines: An Overview Bullish and bearish counterattack lines are candlestick patterns that signal a possible change in a market direction. They can be spotted on any timeframe but mostly occur on daily and weekly charts. Moreover, both formations can be found in currency pairs, cryptocurrencies*, stocks, commodities, and ETFs. TO VIEW THE FULL ARTICLE, 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. RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.