BTCUSD and XRPUSD Technical Analysis – 31st JAN 2023 image BTCUSD: Double Bottom Pattern Above $22396 Bitcoin continues its bullish momentum from last week and after touching a low of $22396 on 25th Jan, the prices started to correct upwards ...

Daily Market Analysis By FXOpen

Brent Crude Oil price takes a bashing overnight image During the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile. Perhaps given the nature of its supply, which ...

Daily Market Analysis By FXOpen

Markets focus on Bitcoin as volatility takes it to 5-month high image The much publicized 'crypto winter' has been a long, drawn out period of relatively low values among major cryptocurrencies, lasting now for several months. Along with the ...

Daily Market Analysis By FXOpen

FXOpen bags "Innovative Broker of 2022" award image In the recently concluded Traders Union Awards-2022, FXOpen was named Innovative Broker of the year. FXOpen's goal is to change the market for the benefit of the trader via introducing ...

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GBP/USD and GBP/JPY Could Resume Increase image GBP/USD is consolidating gains pace above the 1.2350 zone. GBP/JPY is also rising and might gain pace if it clears the 161.80 resistance zone. Important Takeaways for GBP/USD and GBP/JPY The British ...

Daily Market Analysis By FXOpen

Watch FXOpen's January 23 - 27 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. Monday morning blues as EY forecast worse UK recession than ...

Daily Market Analysis By FXOpen

Gold Price Could Dip While Crude Oil Price Trades In Range image Gold price is struggling to stay above the $1,925 support. Crude oil price is facing a strong resistance near the $82 zone. Important Takeaways for Gold and Oil Gold price started a ...

Daily Market Analysis By FXOpen

ETHUSD and LTCUSD Technical Analysis – 26th JAN, 2023 image ETHUSD: Three Inside Up Pattern Above $1518 Ethereum was unable to sustain its bearish momentum and after touching a low of 1518 on 25th Jan, the price started to correct upwards against ...

Daily Market Analysis By FXOpen

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EUR/USD Resumes Increase While USD/CHF Could Breakdown image EUR/USD gained pace above the 1.0850 resistance zone. USD/CHF is declining and remains at a risk of more losses below the 0.9220 support. Important Takeaways for EUR/USD and USD/CHF The ...

Daily Market Analysis By FXOpen

BTCUSD and XRPUSD Technical Analysis – 24th JAN 2023 image BTCUSD: Inverted Hammer Pattern Above $20671 Bitcoin continues its bullish momentum from last week and after touching a low of $20671on 19th Jan we can see a bull run which managed to push ...

Daily Market Analysis By FXOpen

Big Tech woes lead to layoffs, resulting in stock surge image Over recent months, Silicon Valley has been struggling to keep its position as an endlessly burgeoning region of massive profits and possibilities. Technology stocks listed on NASDAQ ...

Daily Market Analysis By FXOpen

Monday morning blues as EY forecast worse UK recession than expected image For almost two years, there have been constant looming thoughts that the United Kingdom's economy may face a long, drawn out recession. During 2021, a time when the ...

Daily Market Analysis By FXOpen

GBP/USD Rallies Above 1.2400, USD/CAD Could Extend Losses image GBP/USD started a major increase and traded above 1.2400. USD/CAD is declining and might even trade below the 1.3350 support. Important Takeaways for GBP/USD and USD/CAD The British ...

Daily Market Analysis By FXOpen

Watch FXOpen's January 16 - 20 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. The Davos dampener: Markets stagnant on WEF discussions China ...

Daily Market Analysis By FXOpen

AUD/USD and NZD/USD At Risk of Additional Losses image AUD/USD declined below the 0.7000 and 0.6950 support levels. NZD/USD also declined towards 0.6365 and is currently attempting a recovery wave. Important Takeaways for AUD/USD and NZD/USD The ...

Daily Market Analysis By FXOpen

ETHUSD and LTCUSD Technical Analysis – 19th JAN, 2023 image ETHUSD: Double Bottom Pattern Above $1321 Ethereum was unable to sustain its bearish momentum and after touching a low of 1321 on 11th Jan, the price started to correct upwards against ...

Daily Market Analysis By FXOpen

The Davos dampener: Markets stagnant on WEF discussions image The annual World Economic Forum conference is well under way this week, and as can perhaps be expected, the debates taking place at the event, which is being held in its usual location ...

Daily Market Analysis By FXOpen

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EUR/USD Could Correct Lower While USD/JPY Starts Fresh Increase image EUR/USD is correcting lower and trading below 1.0820. USD/JPY could gain bullish momentum if there is a clear move above the 130.80 resistance. Important Takeaways for EUR/USD ...

Daily Market Analysis By FXOpen