AUD/NZD is facing major resistance near the 1.0985 zone.
Important Takeaways for AUD/NZD Analysis
· The Aussie Dollar started a recovery wave from the 1.0600 support against the New Zealand Dollar.
· There is a key bullish trend line forming with support near 1.0600 on the weekly chart of AUD/NZD at FXOpen.
However, the bears were active near the 50% Fib...
On Tuesday, Australia's central bank raised interest rates from 3.85% to 4.10%. This is the highest value in 11 years. We wrote about the likelihood of this event in a post dated June 2. Speaking on June 7, bank governor Philip Lowe said: “We have been prepared to be patient but our patience has a limit, and the risks are starting to test these limits,” warning...
The cryptocurrency market is shaken by claims from the SEC. The lawsuits by the US financial regulator against the world's largest cryptocurrency exchange Binance and its head Changpeng Zhao have added to the lawsuits against the Coinbase exchange, whose shares are traded on Nasdaq. In response, Coinbase representatives said that the exchange has no plans to ban...
E-mini S&P 500 futures are near 2023 highs. At the same time, the daily chart of the E-mini S&P 500 shows that the current price of the futures has consolidated above a series of lower peaks 1→2→3→4, which is a bullish sign.
However, WSJ analysts draw attention to an important detail — too much dependence of the growth of the index on the strong behavior of a...
USD/CHF could gain pace if it clears the 0.9290 resistance zone.
Important Takeaways for USD/CHF Analysis
· USD/CHF found support near 0.8820 and recently started an upside correction.
· There is a crucial bearish trend line forming with resistance near 0.9200 on the weekly chart at FXOpen.
USD/CHF Technical Analysis
On the weekly chart of USD/CHF, the pair...
EUR/CHF is struggling to clear the 0.9960 resistance zone.
Important Takeaways for EUR/CHF Analysis
· The Euro is facing strong resistance near 0.9960 against the Swiss Franc.
· There is a key bearish trend line forming with resistance near 0.9850 on the weekly chart of EUR/CHF at FXOpen.
EUR/CHF Technical Analysis
On the weekly chart of EUR/CHF at FXOpen,...
Looking for a way to determine market trends and momentum? Keltner Channels may be the tool you’re looking for. This volatility-based indicator can help you get a clearer picture of the market and identify potential trading opportunities. In this article, we’ll take a closer look at Keltner Channels, how they work, and how you can use Keltner Channels in...
It happened yesterday, a few hours before the start of the WWDC 2023 conference, which presented Apple's Vision Pro VR headset, as well as a number of other products from the company.
This is a new category in the company's lineup. Apple Vision Pro overlays virtual objects on top of real space, which is filmed by multiple cameras. Management is carried out by...
On June 6, it became known that the SEC filed a lawsuit against the largest cryptocurrency exchange Binance, collapsing the price of bitcoin and other cryptocurrencies.
Here is the essence of claims:
→ improper handling of customer funds,
→ misleading investors and regulators,
→ violation of the law on activities with "unregistered securities” — the stablecoins...
Harmonic patterns are known for their ability to provide effective trade setups. The Three Drives pattern is no different, and in this FXOpen article, we’ll delve into what this pattern is, how to identify it, and explore some of the best strategies for trading it.
Introduction to the Three Drives
The Three Drives pattern, sometimes referred to as the 3 Drives...
In 2022, a downtrend began in the oil market (shown by the blue channel), which is unfavorable for producing countries.
When the price of Brent crude hit USD 72/BBL in March (1), OPEC+ countries announced production cuts, causing the price to soar towards the upper channel boundary. But the downtrend did not stop.
Last week, the price of Brent crude again...
Crude oil price is declining and might dive if there is a break below $65.00.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices are moving lower below $83.75 support.
· There was a break below a major bullish trend line with support near $90.00 on the weekly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the weekly chart of WTI...
Gold price remains supported for more gains above $2,000.
Important Takeaways for Gold Prices Analysis Today
· Gold price rallied toward $2,080 before it started a downside correction against the US Dollar.
· It is now trading above a connecting bullish trend line with support near $1,940 on the weekly chart of gold at FXOpen.
Gold Price Technical...
The Senate, as expected, approved a bill on the ceiling of the US national debt, now it will go to President Biden's signature. The decision will set the course for federal spending for the next two years and suspend the debt ceiling until January 1, 2025, by which time a new episode of the US default drama series can be expected. Bloomberg estimates that US...
Since the beginning of yesterday's trading session, the AUD/USD rate has increased by 1.7%. This is due to the difference in the monetary policies of the Fed and the RBA.
On the one hand, Philadelphia Fed President Patrick Harker said on Thursday that it was time to at least press the stop button for one meeting and see how it goes, referring to the June 13-14...
When trading in the financial markets, having the right tools and indicators can make all the difference. Two popular indicators used by traders are VWMA and VWAP, both of which factor volume data into their calculations.
But what’s the difference between the two, and which one should you consider using? In this guide, we’ll break down both indicators, show how...
NZD/USD is also rising and might surge toward the 0.6145 resistance zone.
Important Takeaways for NZD USD Analysis Today
· NZD/USD is gaining bullish momentum above the 0.6060 support.
· There was a break above a key bearish trend line with resistance near 0.6020 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of...
AUD/USD is moving higher and might climb further higher above 0.6615.
Important Takeaways for AUD USD Analysis Today
· The Aussie Dollar started a fresh increase above the 0.6520 and 0.6550 levels against the US Dollar.
· There was a break above a major bearish trend line with resistance near 0.6520 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical...
