AUDUSD Technical Analysis – 14th OCT, 2024 AUDUSD – Support of Channel is Broken image AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6758 the prices have started to decline against the United States Dollar today ...

Daily Market Analytics - Forex

Understanding Fibonacci Extensions image Have you ever noticed that market movements often occur in repeatable patterns? Well, that’s where Fibonacci extensions come into play. Join us in this article as we dive into the world of Fibonacci ...

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JPMorgan (JPM) Shares Rise Over 4% Following Earnings Report image On Friday, before the market opened, JPMorgan (JPM) released its Q3 earnings, which exceeded expectations: → Earnings per share: Expected = $3.99, Actual = $4.97 → Revenue: ...

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Mastering the Harmonic Bat Pattern image The harmonic bat pattern is a powerful tool for traders seeking to pinpoint market reversals with precision. Using Fibonacci ratios to map out key price movements, this pattern offers traders the chance to ...

Daily Market Analysis By FXOpen

S&P 500 Reaches Another Record High image As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the leading US stock index set its 45th record of the year, closing above 5800 on Friday. This marks the fifth consecutive week of growth, with ...

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Watch FXOpen's 7 - 11 October Weekly Market Wrap Video image Weekly Market Wrap With Gary Thomson: Hang Seng Index, XAU/USD, Microsoft and Netflix Shares Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary ...

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Tesla (TSLA) Shares Fall After ‘We, Robot’ Presentation image On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”: → Cybercab – an autonomous robotaxi that ...

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Market Analysis: Gold and WTI Crude Oil Prices Target Additional Gains image Gold price started a fresh increase above the $2,618 resistance level. WTI Crude oil prices are gaining bullish momentum and might even test $78.00. Important Takeaways ...

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USD/CAD Analysis: Exchange Rate Rises for Seven Consecutive Days image Data shows that USD/CAD has formed seven consecutive bullish candles since 3 October, and today could mark the eighth in this sequence. This strong rise in the pair has been ...

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Pound and Euro Decline Following US Inflation Data Release image Yesterday’s Consumer Price Index (CPI) data showed that inflation in the US continues to slow. The rate fell to 2.4%, down from last month's 2.5%, but slightly above the experts' ...

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What Is T-Distribution in Trading? image In the financial markets, understanding T-distribution in probability is a valuable skill. This statistical concept, crucial for small sample sizes, offers insights into market trends and risks. By grasping ...

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USD/JPY Chart Analysis: Bears May Take Control image As shown in today’s USD/JPY chart, the US dollar has gained over 3.6% against the yen since the start of the month. Yesterday, the exchange rate surpassed the peak formed on 16 August around the ...

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The Netflix (NFLX) Share Price Has Reached an All-Time High image As shown in the daily chart for Netflix (NFLX), during yesterday’s trading session, the price exceeded $725, marking a new all-time high. The bullish sentiment is driven by the ...

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Analytical Silver Price Forecasts for 2024 and the Following 4 Years: How High Can Silver Go? image Silver has captivated humanity for centuries, not just as a precious metal but also as a mirror to the economic and geopolitical climates shaping ...

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Microsoft (MSFT) Shares Drop Over 3% This Month image An overview of stock market charts since the beginning of the month reveals that while the Nasdaq 100 index (US Tech 100 mini on FXOpen) is in positive territory, Microsoft (MSFT) shares have ...

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Market Analysis: AUD/USD and NZD/USD Take Hit, Turn Red image AUD/USD declined below the 0.6855 and 0.6830 support levels. NZD/USD is also moving lower and might struggle to recover above 0.6225. Important Takeaways for AUD/USD and NZD/USD ...

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Analysis of XAU/USD: Gold Price Drops to a Two-Week Low image The XAU/USD chart shows that yesterday, the price of gold fell below $2610, a level not seen since 20th September. Bearish sentiment has been driven by the continued strengthening of ...

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The Quasimodo Pattern: Meaning and Trading Rules image The Quasimodo (QM) pattern is no more difficult than the Head and Shoulders. Still, only a few traders know about it, and some even confuse one with the other. However, this is not a reason to ...

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Hang Seng Index (HSI) Drops Nearly 10% Today image As shown on the Hang Seng Index chart (Hong Kong 50 on FXOpen), prices have fallen by almost 10% since trading began today, and the session is not over yet. According to Reuters, bearish sentiment ...

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XBR/USD Analysis: Brent Crude Price Fails to Hold Above $80 image As shown on the XBR/USD chart, Brent crude oil prices surged by over 8.5% last week — marking the largest increase in 2024, driven by escalating tensions in the Middle East. ...

Daily Market Analysis By FXOpen