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NZDUSD Technical Analysis – 14th JUNE, 2024 NZDUSD – Bearish Trend Reversal NZDUSD was unable to sustain its bullish rebound and after touching a high of 0.6220, the prices continue to decline against the United States Dollar. The prices of NZDUSD are ranging near the horizontal resistance in the 15-minutes timeframe indicating the bearish trends. The MACD crosses DOWN its Moving average in the 30-minutes timeframe. The support of the channel is also broken in the 1-hourly timeframe which indicates the presence of the bearish pressure into the markets. The Ichimoku price is under the cloud in the 2-hourly timeframe. NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • NZDUSD Bearish Reversal seen Below the 0.620 mark. • Short-term range appears to be Mild Bearish. • NZDUSD continues to remain Below the 0.6130 levels. • Average true range ATR is indicating high market volatility. The next Support is located at 0.6116 which is a 14 Day RSI at 50%. NZDUSD is now trading below its Pivot levels of 0.6131 and is moving into a Mild bearish channel. The price of NZDUSD remains below its Classic resistance levels of 0.6139 and is moving towards its next target of 0.6106 which is a 38.2% Retracement From 4 Week Low. 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 – 14th JUNE, 2024 AUDUSD – Bearish Price Crossover AUDUSD was unable to sustain its bullish rebound and after touching a high of 0.6704, we can see a continuous decline in its levels today in the European Trading session. The prices of AUDUSD are ranging near the resistance of channel in the 15-minutes timeframe which indicates the bearish trends present in the markets. The support of the channel is broken in the 1-hourly timeframe. We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the daily timeframe. The Aroon indicator is giving a bearish trend formation in the 4-hourly timeframe. The Momentum indicator is back under Zero in the 4-hourly timeframe. AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • AUDUSD Bearish Reversal seen Below the 0.6704 mark. • Short-term range appears to be Mild Bearish. • AUDUSD continues to remain Below the 0.6610 levels. • Average true range ATR is indicating high market volatility. The next Support is located at 0.6596 which is a Pivot Point 2nd Support Point. AUDUSD is now trading below its Pivot levels of 0.6609 and is moving into a Mild bearish channel. The price of AUDUSD remains below its Classic resistance levels of 0.6617 and is moving towards its next target of 0.6585 which is a 50% Retracement From 52 Week High/Low. 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 – 14th JUNE, 2024 GBPUSD – Bearish Trend Reversal GBPUSD was unsuccessful in its bullish rebound attempt and after touching a high of 1.2858, the prices continue to decline against the United States Dollar. The support of the channel is broken in the 1-hourly timeframe. We can see the formation of Bearish Trend Reversal pattern with the Moving Average MA20 and MA100 in the 4-hourly timeframe. The Parabolic SAR indicator is giving a bearish reversal signal in the daily timeframe. The prices of GBPUSD are ranging near the resistance of the triangle 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 1.2858 mark. • Short-term range appears to be Mild Bearish. • GBPUSD continues to remain Below the 1.2700 levels. • Average true range ATR is indicating high market volatility. GBPUSD is now trading below its Pivot levels of 1.2707 and is moving into a Mild Bearish channel. The price of GBPUSD is aiming to cross its Classic support levels of 1.2680 with further progression towards the 1.2662 which is a Pivot Point 3rd Support Point. We are also looking for the breach of the levels of 1.2646 which is a 38.2% Retracement From 13 Week High. 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

Watch FXOpen's 10 - 14 June Weekly Market Wrap Video Weekly Market Wrap With Gary Thomson: S&P 500 Index, US Dollar, FTSE 100 Index, Gold Price 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. S&P 500 Index Hits Record after Major News Dollar Falls after Inflation Data: is a Change in Medium-Term Trends on the Horizon? FTSE 100 Index Declines after Labour Market News Gold Price Drops after US Employment Report 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 #fxopenint #weeklyvideo

EURUSD Technical Analysis – 14th JUNE, 2024 EURUSD – Moving Average Bearish Crossover pattern EURUSD was unable to sustain its bullish rebound from the lower levels and after touching a high of 1.0850 the prices started to decline against the United States Dollar. We can see the formation of Moving Average Bearish Crossover pattern with the Moving Average MA20 and MA50 in the 2-hourly timeframe. The Support of the channel is broken in the daily timeframe indicating the bearish tendencies. The Super Trend indicator is also giving a bearish reversal signal in the daily timeframe. The RSI indicator and Pivot points are giving a Neutral stance in the 30-minutes timeframe. The prices of EURUSD are ranging near the horizontal resistance in the 15-minutes timeframe. Some of the technical indicators are also giving a neutral stance which means that the prices are expected to enter into a consolidation zone. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bearish Reversal seen Below the 1.0850 mark. • Short-term range appears to be Mildly Bearish. • EURUSD continues to remain below the 1.0700 levels. • Average true range ATR is indicating high market volatility. The next support is located at 1.0689 which is a Price 3 Standard Deviations Support. EURUSD is now trading below its Pivot levels of 1.0697 and is moving into a Mild Bearish channel. The price of EURUSD remains above its Classic support levels of 1.0683 and is moving towards its next target of 1.0676 which is a 3-10 Day MACD Oscillator Stalls. 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

European Stock Indices Decline Amid Political Uncertainty Today, the Eurostoxx 50 index (Europe 50 on FXOpen) has dropped below the early May minimum, reflecting escalating market concerns over the upcoming French elections, as reported by Reuters. Finance Minister Bruno Le Maire's acknowledgment that the current political crisis could evolve into a financial crisis has amplified fears, extending the political risk until June. How long might this decline persist? Fundamentally, statements from authorities could calm the markets. 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.

Luck Is A Matter Of Preparation Meeting Opportunity What Are Bullish and Bearish Breakaway Candlestick Patterns? Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen 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.

NZD/USD Exchange Rate Falls from Nearly 5-Month High The NZD/USD exchange rate has dropped from its highest level in nearly five months. On Wednesday, following the release of US inflation data, the NZD/USD rate exceeded 0.6220 for the first time since 15 January 2024. However, today the rate has fallen approximately 1.3% from Friday’s peak, suggesting that the market's reaction to the US inflation news was overly emotional. According to Reuters: → Fed Chair Jerome Powell indicated a readiness to keep rates steady until clearer economic signals suggest a need for cuts. → Traders have reduced the likelihood of a Fed rate cut at the September meeting. Meanwhile, the Reserve Bank of New Zealand does not plan to cut rates at all in 2024. According to Trading Economics, any rate cuts are unlikely before mid-2025. Thus, the policies of the two central banks are balanced, and the current drop from nearly a 5-month high may be a return to a more balanced valuation after an emotional surge into overbought territory. The RSI indicator supports this view. 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: GBP/USD and EUR/GBP Poised For More Losses GBP/USD failed to climb above 1.2860 and trimmed all gains. EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below 1.2800. There is a key bearish trend line forming with resistance near 1.2765 on the hourly chart of GBP/USD at FXOpen. EUR/GBP is declining and showing bearish signs below 0.8460. There is a major declining channel forming with support at 0.8410 on the hourly chart at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2860 zone. As mentioned in the previous analysis, the British Pound struggled to extend gains and declined below the 1.2800 support level against the US Dollar. There was a clear move below the 61.8% Fib retracement level of the upward move from the 1.2706 swing low to the 1.2860 high. The pair even settled below the 1.2765 level and the 50-hour simple moving average. The pair tested the 1.2740 support zone and the 76.4% Fib retracement level of the upward move from the 1.2706 swing low to the 1.2860 high. It is now consolidating losses above the 1.2740 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2765 and a connecting bearish trend line. The next major resistance is near the 50-hour simple moving average at 1.2780. A close above the 1.2780 resistance zone could open the doors for a move toward 1.2825. Any more gains might send it toward 1.2860. If not, the pair could resume its decline below 1.2740. On the downside, there is a key support forming near 1.2710. If there is a downside break below the 1.2710 support, the pair could accelerate lower. The next major support is near the 1.2690 zone, below which the pair could test 1.2650. Any more losses could lead the pair toward the 1.2550 support. 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.

Setting Goals Is The First Step In Turning The Invisible Into The Visible What Is a Dead Cat Bounce Pattern, and How Can One Trade It? Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen 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.

S&P 500 Index Hits Record After Major News Yesterday, significant news regarding US inflation was released. According to ForexFactory: → Year-on-year Consumer Price Index (CPI): actual = 3.3%, forecast = 3.4%, previous = 3.4%; → Month-on-month CPI: actual = 0.0%, forecast = 0.1%, previous = 0.3%; → Month-on-month Core CPI (excluding food and energy): actual = 0.2%, forecast = 0.3%, previous = 0.3%. These official figures indicate that US inflation is slowing down. This bolstered expectations that the current tight monetary policy might ease. Consequently: → the dollar weakened (as we anticipated yesterday while analysing the USD/CAD chart); → stock markets surged. Notably, the S&P 500 index (US SPX 500 mini on FXOpen) surpassed 5,444, rising approximately 1.1% within two hours following the inflation news release. Later that day, the Fed's rate decision and Powell's press conference took place: → the Fed rate remained unchanged at 5.5% (as expected); → Jerome Powell signalled a possible rate cut before the end of the year, hinting at the possibility of two cuts. 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.

Dollar Falls After Inflation Data: Is a Change in Medium-Term Trends on the Horizon? The second consecutive decline in the US core consumer price index caused a sharp drop in the American currency across the board. For instance, the GBP/USD pair rose by 120 points within a couple of hours, attempting to strengthen above 1.2800. The EUR/USD pair closed Monday's “price gap” and tested 1.0850, while the USD/JPY pair briefly traded below 156.00. However, a change in medium-term trends remains highly uncertain. The Fed meeting and the publication of an updated economic forecast by the US regulator allowed the dollar to quickly recover some losses. From yesterday's Fed statement: The target range for the federal funds rate remains at 5.25–5.50%; The median forecast by FOMC members suggests one and a half rate cuts for the federal funds rate (compared to three in the March forecast). From the published data, it can be inferred that the Fed maintains a fairly hawkish stance, which could support buyers of the US currency. 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.

Work Hard, Travel Farther Trend Reversals and the Sushi Roll Reversal Pattern Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen 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.

Inflation Data and Fed Verdict Could Set Dollar's Summer Trend The US currency is gearing up for the most important trading session of the current week, and possibly even the month. Today, the US Consumer Price Index (CPI) data for May will be released. Additionally, the Federal Reserve (Fed) has a meeting scheduled today where the base interest rate will be announced, along with the regulator's dot plot forecast for the rest of the year. Considering that last Friday's employment data exceeded forecasts, many investors and experts (according to an FT-Chicago Booth survey) believe that: The Fed will reduce rates by only a quarter of a percentage point this year; Instead of three cuts, economists and traders are pricing in up to two rate cuts by the end of the year. Naturally, such hawkish market expectations are likely to support the strengthening of the US currency. However, it should be noted that the dollar is currently at medium- and long-term highs, and the likelihood of a pullback and the formation of reversal patterns is quite high. 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.

USD/CAD Retracts from Nearly 2-Month High Yesterday, the USD/CAD exchange rate climbed above 1.3785 for the first time since mid-April. However, today's USD/CAD chart shows that it failed to consolidate at this peak and has dropped to a weekly low. These fluctuations might be interpreted as traders positioning themselves ahead of today's critical events. According to ForexFactory: At 15:30 GMT+3, US inflation data will be released; At 21:00 GMT+3, the Fed's interest rate decision will be announced; At 21:30 GMT+3, Powell's press conference will take place. 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.

FTSE 100 Index Declines After Labour Market News The British stock index FTSE 100 (UK 100 on FXOpen) dropped nearly 1% yesterday due to the release of economic data indicating a rise in unemployment. According to ForexFactory: → The Claimant Count Change (number of unemployment benefit claims) was 50,000 (expected = 10.2k, previous month = 8.4k). This is the highest number since March 2021. → The unemployment rate slightly increased to 4.4% compared to the previous value of 4.3%. However, today the FTSE 100 (UK 100 on FXOpen) chart is showing signs of recovery. Fundamentally: → GDP news did not bring any unpleasant surprises; → Weakening in the labour market might prompt the Bank of England to lower the interest rate to stimulate the economy, which should support the stock index. 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: EUR/USD Dives While USD/JPY Continues To Rise EUR/USD gained bearish momentum below the 1.0810 support. USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0810 support zone. There is a connecting bearish trend line forming with resistance at 1.0760 on the hourly chart of EUR/USD at FXOpen. USD/JPY climbed higher above the 155.25 and 156.25 levels. There is a connecting bullish trend line forming with support at 156.85 on the hourly chart at FXOpen. EUR/USD Technical Analysis On the hourly chart of EUR/USD at FXOpen, the pair struggled to clear the 1.0900 resistance zone. The Euro started a fresh decline and traded below the 1.0810 support zone against the US Dollar, as mentioned in the previous analysis. The pair even declined below 1.0760 and tested the 1.0720 zone. A low was formed near 1.0719 and the pair is now consolidating losses. On the upside, the pair is now facing resistance near the 23.6% Fib retracement level of the recent decline from the 1.0901 swing high to the 1.0719 low at 1.0760. There is also a connecting bearish trend line forming with resistance at 1.0760 and the 50-hour simple moving average. The next key resistance is near the 1.0780 level. The main resistance is 1.0810 or the 50% Fib retracement level of the recent decline from the 1.0901 swing high to the 1.0719 low. A clear move above the 1.0810 level could send the pair toward the 1.0860 resistance. An upside break above 1.0860 could set the pace for another increase. In the stated case, the pair might rise toward 1.0900. If not, the pair might resume its decline. The first major support on the EUR/USD chart is near 1.0720. The next key support is at 1.0680. If there is a downside break below 1.0680, the pair could drop toward 1.0650. The next support is near 1.0620, below which the pair could start a major decline. 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 – 11th JUNE, 2024 NZDUSD – Aroon Indicator Bearish Trend NZDUSD continues its bearish momentum from last week after failing to clear the resistance located at 0.6140 as the prices continue to decline against the United States Dollar. The prices of NZDUSD are ranging near the resistance of the triangle in the weekly timeframe indicating the bearish trends. The Aroon indicator is giving bearish trend signal in the 15-minutes timeframe. The prices are also ranging near a new record low of 1-months in the weekly timeframe. Some of the technical indicators are also giving a Bullish trend signal which indicates that the prices may be due for upwards correction in the immediate short term. NZDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • NZDUSD Bearish Continuation seen Below the 0.6132 mark. • Short-term range appears to be Mild Bearish. • NZDUSD continues to remain Below the 0.6130 levels. • Average true range ATR is indicating less market volatility. The next Support is located at 0.6122 which is a 14-3 Day Raw Stochastic at 30%. NZDUSD is now trading just near to its Pivot levels of 0.6126 and is moving into a Mild bearish channel. The price of NZDUSD remains below its Classic resistance levels of 0.6130 and is moving towards its next target of 0.6115 at which the Price Crosses 9 Day Moving Average Stalls. 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 – 11th JUNE, 2024 AUDUSD – Near Resistance of Triangle AUDUSD continues its bearish momentum from last week after failing to clear the resistance levels located at 0.6620 as we can see a continuous decline in its levels today in the European Trading session. The prices of NZDUSD are ranging near the resistance of triangle in the weekly timeframe which indicates the bearish trends present in the markets. The prices are back under the Pivot point in both the 4-hourly and daily timeframe indicating the bearish tendencies. We can see the formation of Bearish price crossover pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe. The MACD crosses DOWN its Moving Average in the 1-hourly timeframe indicating the Bearish Trends. The Momentum indicator is back under Zero in the 30-minutes timeframe. AUDUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • AUDUSD Bearish Continuation seen Below the 0.6612 mark. • Short-term range appears to be Mild Bearish. • AUDUSD continues to remain Below the 0.6600 levels. • Average true range ATR is indicating less market volatility. The next Support is located at 0.6585 which is a 50% Retracement From 52 Week High/Low. AUDUSD is now trading below its Pivot levels of 0.6597 and is moving into a Mild bearish channel. The price of AUDUSD remains below its Classic resistance levels of 0.6601 and is moving towards its next target of 0.6579 which is a 38.2% Retracement From 13 Week High. 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 – 11th JUNE, 2024 GBPUSD – Near Resistance of Channel GBPUSD continues its bearish momentum from last week after failing to clear the resistance located at 1.2750 as the prices continue to decline against the United States Dollar. The prices of GBPUSD are near the resistance of channel in the 1-hourly timeframe indicating the bearish trends present in the markets. We can see the formation of Bearish Trend Reversal pattern with the Adaptive Moving Average AMA20 in the 2-hourly timeframe. Some of the technical indicators are also giving a bullish stance which means that prices may be due for a short-term upwards correction. The prices of GBPUSD are ranging near a new record low of 1-months. GBPUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving average. • Pound Bearish Continuation seen below the 1.2737 mark. • Short-term range appears to be Mild Bearish. • GBPUSD continues to remain Below the 1.2750 levels. • Average true range ATR is indicating less market volatility. GBPUSD is now trading above its Pivot levels of 1.2726 and is moving into a Mild Bearish channel. The price of GBPUSD is aiming to cross its Classic support levels of 1.2720 with further progression towards the 1.2718 which is a 14-3 Day Raw Stochastic at 30%. We are also looking for the breach of the levels of 1.2700 at which the Price Crosses 9 Day Moving Average Stalls. 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 – 11th JUNE, 2024 EURUSD – Bearish Price Crossover Pattern EURUSD continues its bearish momentum from last week after failing to clear the resistance of 1.0780 the prices of Euro continue to decline against the United States Dollar. We can see the formation of Bearish Price Crossover pattern with the Adaptive Moving Average AMA20 and AMA100 in the weekly timeframe. The Parabolic SAR indicator is giving a bearish reversal signal in the 2-hourly timeframe. The Ichimoku price is under the cloud in the 15-minutes timeframe indicating the bearish trends. The support of the channel is also broken in the 15-minutes timeframe. The prices of EURUSD are back under the Pivot point in the 2-hourly timeframe indicative of the bearish trends present in the markets. We can also see the formation of a Downside GAP in the weekly timeframe which also suggests the continuation of the selling pressure in the markets. EURUSD is now trading below its 100-hour SMA and 200-hour SMA simple moving averages. • Euro Bearish Continuation seen Below the 1.0780 mark. • Short-term range appears to be Mildly Bearish. • EURUSD continues to remain below the 1.0800 levels. • Average true range ATR is indicating less market volatility. The next support is located at 1.0739 which is a 38.2% Retracement From 13 Week Low. EURUSD is now trading below its Pivot levels of 1.0751 and is moving into a Mild Bearish channel. The price of EURUSD remains above its Classic support levels of 1.0715 and is moving towards its next target of 1.0736 which is a 3-10 Day MACD Oscillator Stalls. 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

AAPL Shares Drop Following the Apple Intelligence Presentation Yesterday, 10 June, at the WWDC2024 conference, the American corporation Apple unveiled its new artificial intelligence system, Apple Intelligence (AI). Apple Intelligence will allow users to enhance their text and communicate more effectively: rewriting, proofreading, and summarising text almost everywhere, including in mail, notes, pages, and third-party applications. The Rewrite function will enable changing the tone of messages, adding jokes, and rephrasing sentences. Key features include: → AI's capability to understand the user's "personal context." → AI's ability to generate unique photos, sketches, and illustrations in Notes, Freeform, and Pages. → Apple confirmed its collaboration with OpenAI during the presentation. However, on the same day, AAPL shares fell nearly 2%, with high trading volumes on the Nasdaq—over 97 million shares were traded, compared to an average volume of about 59 million. Is this a sign that investors were disappointed with the presentation? Looking at AAPL’s stock chart today, it suggests that the decline might be due to the significant $195 level per AAPL share. 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.

Goldman Sachs Predicts a Rise in Brent Crude Oil Prices According to CNBC, Goldman Sachs analysts believe that Brent crude oil prices should increase in the third quarter due to summer fuel demand leading to a “significant” deficit—approximately 1.3 million barrels per day. They forecast that the price of Brent could rise to $86 per barrel with a “ceiling” around $90. This implies an approximate +7% increase from current levels and a continued rise from the low set on 4 June. How realistic is this? 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.

A Goal Is A Dream With A Deadline What Is a Falling Knife in Trading? Learn Forex Trading with FXOpen #learnforex #forextrading #fxopen 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.

Gold Price Drops After US Employment Report As per ForexFactory, the Non-Farm Employment Change report revealed an actual increase of 272 thousand jobs (expected = 182k, previous value = 165k). A robust job market provides further arguments for the Federal Reserve to continue its tight monetary policy. Consequently, the news led to a rise in the dollar index and a decrease in assets denominated in US dollars: → Currencies depreciated; for instance, the NZD/USD rate decreased by approximately 1.5%; → Cryptocurrencies declined; Bitcoin dropped by roughly 3%; → Gold also decreased in price. The situation worsens for the gold price with the news that China has stopped buying the metal for reserves after doing so for 18 months. According to ING, China's appetite showed signs of weakening in April when the central bank purchased only 60,000 ounces compared to 160,000 ounces in March. TO VIEW THE FULL ANALYSIS, 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.