Yesterday, the NFLX share price dropped below USD 370, the lowest since late May of this year, and about -22% from the July peak.
Note that on July 6, we wrote that the NFLX stock price could meet resistance at USD 450 per share, and the signals from the chart gave bearish warnings. Just since July, the stock price began to perform worse than the broad S&P 500...
On Tuesday, the US dollar rose above the psychological level of 150 for the first time since October 2022 before falling sharply to a low of 147.30 as the yen rose.
The media are discussing whether this movement confirms the fact of intervention on the part of the Japanese authorities.
On the one hand, there are opinions that the yen's movement on Tuesday was...
NZD/USD is also rising and facing a major hurdle near the 0.5980 level.
Important Takeaways for NZD/USD Analysis Today
· NZD/USD is attempting a recovery wave above the 0.5930 resistance.
· There is a major bullish trend line forming with support near 0.5950 on the hourly chart of NZD/USD at FXOpen.
NZD/USD Technical Analysis
On the hourly chart of...
AUD/USD is attempting a recovery wave from 0.6285.
Important Takeaways for AUD/USD Analysis Today
· The Aussie Dollar found support near 0.5870 and is now recovering against the US Dollar.
· There is a key rising channel forming with resistance near 0.6385 on the hourly chart of AUD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD...
In trading, understanding the mechanics behind market movements is crucial. This article delves into the concept of order flow analysis, focusing on its unique challenges in the decentralised forex market, and offers alternative strategies rooted in supply and demand dynamics.
Order Flow Analysis and Its Limitations in Forex
Order flow analysis serves as a...
As it became known yesterday:
→ Tim Cook sold shares, selling 511k of his existing package of more than 3 million shares. For information: in 2023, he took a salary reduction of approximately 40%, but increased the size of the bonus (tied to the company's success) in the form of shares from 50% to 75%.
→ Investment bank KeyBanc Capital Markets downgraded AAPL...
This happened against the backdrop of rising US bond yields. Reuters writes that it is in the region of a 16-year high. It is reasonable to assume that big capital was balancing its defensive portfolio by selling the franc, considered a safe haven, and buying dollars to invest in American bonds, which also have high-quality status.
On July 13, we wrote that the...
In our article “Oil Analysis: Finally, A Bearish Reversal?” on September 21, we drew attention to emerging signs that the initiative was shifting to the bears. This was noticeable in the changes in the dynamics of impulses and corrections, as well as in the analysis of the interaction between trading volumes and prices.
Since then, the bulls were able to update...
Job openings rose to 9.6 million in August, the highest level since April, the US Bureau of Labor Statistics reported yesterday. That's nearly 700,000 more than in July and well above the Dow Jones forecast of 8.8 million.
A strong labor market may indicate a growing economy, but why did E-mini S&P 500 futures fall to their lowest level since early summer? It's...
USD/JPY is again rising and might climb toward the 150.00 level.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 148.00 and 148.75 levels.
· There was a rejection noticed near a bearish trend line at 150.15 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started...
EUR/USD remained in a bearish zone and declined below 1.0530.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a fresh decline below the 1.0530 support zone.
· There is a short-term bearish trend line forming with resistance near 1.0475 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at...
How to Measure Volumes with the Volume Profile Visible Range Indicator
In the intricate landscape of financial markets, grasping the significance of trading volume across various assets is paramount. This aspect of the market represents the ability to dissect and comprehend its dynamics— a skill often developed by experienced traders. Working with established...
Never in its history has the euro fallen for 11 weeks in a row against the dollar, but it happened. The minimum has been set for 2023.
The reason seems to be that in an environment where central banks are raising rates to combat inflation, the US economy appears to be favored. Yesterday's batch of news confirmed this:
→ US ISM Manufacturing PMI index turned out...
Last week, the Meta Connect event took place, where the following were presented:
→ new Ray-Ban Meta Smart Glasses with a camera and microphones, including for broadcasting on social networks. The price of the gadget is USD 299;
→ Meta Quest 3 virtual reality helmet priced at USD 499;
→ AI characters for social networks, as well as Meta AI chatbot.
Overall, the...
On Friday, silver was trading at USD 23.5 per ounce, but on Monday morning it dropped below USD 21.7 – a difference of 7.5%.
Fundamental influencing factors are not clearly identified, but it can be assumed that the sharp drop was facilitated by:
→ the fact that a shutdown of US government agencies was avoided, since the authorities reached a budget agreement –...
Understanding volume and volume indicators is crucial for anyone looking to understand the financial markets. This article offers traders insights into the five of the best volume indicators, allowing them to gauge market trends, momentum, and potential reversals.
Understanding Volume and Volume Indicators in Trading
In trading, volume refers to the quantity...
EUR/GBP is rising and might climb above the 0.8675 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8660 zone.
· There is a major bearish trend line forming with resistance near 0.8675 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair started a...
GBP/USD is struggling below the 1.2235 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below 1.2235 and 1.2270.
· There is a key bullish trend line forming with support near 1.2160 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
