GBP/USD Corrects Gains While USD/CAD Eyes Recovery image GBP/USD faced resistance near 1.2540 and started a downside correction. USD/CAD is recovering and might gain pace if it clears the 1.3370 resistance. Important Takeaways for GBP/USD and ...

Daily Market Analysis By FXOpen

Watch FXOpen's April 10-14 Weekly Market Wrap Video image In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports. USD: Q1 results USDJPY: Are the bulls trying to revive the long-term ...

Daily Market Analysis By FXOpen

Gold Price Inches Higher While WTI Crude Oil Aims Fresh Increase image Gold price is rising and trading above the $2,030 resistance. WTI is consolidating and might aim for a fresh increase above $83.25. Important Takeaways for Gold and Oil Gold ...

Daily Market Analysis By FXOpen

ETHUSD Rose by 10% in a Day on the Background of Shanghai Upgrade image Shanghai, an important upgrade to the Ethereum blockchain, has been a success. Against the backdrop of the news, the ETHUSD rate rose by 10% per day, breaking the ...

Daily Market Analysis By FXOpen

LTCUSD Technical Analysis on April 13, 2023 image Tweezer Bottom Pattern Is Above $89.15 Bears couldn't pull the market further down last week, and after touching a low of $89.15 on 9 April, LTC started to correct upwards against the US Dollar, ...

Daily Market Analysis By FXOpen

ETHUSD Technical Analysis on April 13, 2023 The Morning Star Pattern Is Above $1,824 image Bears couldn’t keep control of the market, and ETH/USD started to correct upwards after touching a low of $1,763 on 9 April. ETHUSD is now moving under a ...

Daily Market Analysis By FXOpen

USDCAD Is Approaching an Important Support Level image A short digest of the fresh and saturated news background: → Inflation in the US coincided with analysts' expectations. Core CPI was 5.6% in annual terms. The main problem for suppressing ...

Daily Market Analysis By FXOpen

EURHUF: Central European currencies gaining interest image For those who have travelled to some of the former Eastern Bloc nations within Central and Eastern Europe, many will have noticed a key difference between these fully functioning free ...

Daily Market Analysis By FXOpen

On the Nature Of Breakdown of the Psychological $30K Level image On Tuesday, the price of Bitcoin exceeded $30,000 per coin for the first time since June 2022. The news has become a trend in the media and social networks, community members express ...

Daily Market Analysis By FXOpen

British Pound remarkably remains the best performing G10 currency in 2023 image The end of last year was a very depressing time for those whose everyday currency is the British Pound. During the last few months of 2022, the world’s most valuable ...

Daily Market Analysis By FXOpen

GBP/USD Starts Fresh Increase While EUR/GBP Eyes Upside Break image GBP/USD started a fresh increase above the 1.2400 resistance zone. EUR/GBP is struggling and facing resistance near 0.8790. Important Takeaways for GBP/USD and EUR/GBP The British ...

Daily Market Analysis By FXOpen

XRPUSD Technical Analysis – 11th APR 2023 image Last week, the market sentiment turned bullish after Ripple touched a low of $0.4915 on April 6 and started to correct. The market opened bullish this week. On the hourly chart: The relative strength ...

Daily Market Analysis By FXOpen

BTCUSD Technical Analysis – 11th APR 2023 image Bitcoin continues its bullish momentum from last week, and after touching a low of $27,717 on April 6, we can see a bull run, which managed to push the prices of BTCUSD above the $30,000 handle today ...

Daily Market Analysis By FXOpen

USDJPY: Are Bulls Trying to Revive the Long-Term Trend? image The USDJPY yesterday reached its highs of several weeks. This was facilitated by: → a statement by the new head of the Bank of Japan, Kazuo Ueda, who made it clear that there is no need ...

Daily Market Analysis By FXOpen

Tech stocks are back in vogue as a sudden rally grabs the attention image For almost two years, there has been tremendous volatility within stocks of technology companies – mostly those with headquarters in Silicon Valley – which are listed on the ...

Daily Market Analysis By FXOpen

EUR/USD Aims Fresh Increase While EUR/JPY Eyes More Upsides image EUR/USD is consolidating above the key 1.0880 support zone. EUR/JPY is rising and might rally further if it clears the 145.40 resistance zone. Important Takeaways for EUR/USD and ...

Daily Market Analysis By FXOpen

GBP/USD And GBP/JPY Could Aim for Another Increase image GBP/USD started a downside correction from the 1.2520 resistance zone. GBP/JPY is rising and might aim for more upsides above the 164.00 resistance. Important Takeaways for GBP/USD and ...

Daily Market Analysis By FXOpen

LTCUSD Technical Analysis – 06th APR, 2023 image LTCUSD – Bullish Harami Pattern Is Above $86.64 image Bears couldn't pull the market further down last week, and after touching a low of $86.64 on 30th March, the prices started to correct upwards ...

Daily Market Analysis By FXOpen

ETHUSD Technical Analysis – 06th APR, 2023 image ETHUSD – Hammer Pattern Is Above $1,763 image Bears couldn’t keep control of the market, and after touching a low of $1,763 on 03rd April, the ETH/USD pair started to correct upwards, touching a ...

Daily Market Analysis By FXOpen

GBP soars against the Japanese Yen despite low rates remaining in place image Japan's economy has been regarded ever since the 1960s as an absolute lesson in socio-economic advancement to the extent that the entire world views Japanese products, ...

Daily Market Analysis By FXOpen