Three of the Best MACD Trading Strategies
The Moving Average Convergence Divergence (MACD) is more than just a mouthful—it's a versatile trading indicator that has stood the test of time. This article unpacks the intricacies of this indicator and dives deep into three specific strategies that leverage the MACD with other powerful tools like the Stochastic...
The US Dollar Is Weakening Following Inflation Data
Yesterday saw the release of key economic indicators for the US. According to ForexFactory:
→ Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%;
→ Core Price Index (CPI) annual: actual = 3.4%, expected = 3.4%, previous = 3.5%;
→ Retail Sales monthly: actual = 0.0%, expected =...
The Stock Price of Pepsico (PEP) Is Retracting from Its Yearly High
On April 23, the quarterly report of PepsiCo's performance for the first quarter was published, which was awaited anxiously.
The issue stemmed from the fact that in December 2023, the U.S. Food and Drug Administration (FDA) announced the recall of over 40 Quaker Oats products – a company owned...
The S&P 500 Index Has Reached a Significant Resistance Level
Analyzing the S&P 500 chart (US SPX 500 mini on FXOpen) on April 26, we wrote about how the April decline could be a correction to the lower boundary of the channel within the 2024 rally. Following this, a logical development would be for the bulls to attempt to resume the upward trend and make another...
Market Analysis: USD/JPY Gains Bullish Traction
USD/JPY trimmed almost all losses and showing positive signs above 156.20.
Important Takeaways for USD/JPY Analysis Today
USD/JPY climbed higher above the 155.95 and 156.50 levels.
There is a connecting bullish trend line forming with support near 156.20 on the hourly chart at FXOpen.
USD/JPY Technical...
Market Analysis: EUR/USD Sees Green
EUR/USD is slowly gaining traction above the 1.0800 level.
Important Takeaways for EUR/USD Analysis Today
The Euro started a decent increase above the 1.0750 pivot level.
There is a key bullish trend line forming with support near 1.0800 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the...
How Do Grid Trading Strategies Work?
Grid trading stands as a distinctive strategy within the trading realm, offering a structured approach to navigating market volatility. By strategically placing buy and sell orders at predefined intervals, this method eschews the need to determine the market direction, instead harnessing the inherent fluctuations of the...
Momentum Trading Strategies for Day Traders
Momentum trading is a highly-regarded trading strategy used to seize opportunities in trending markets. This article explores momentum trading and offers two comprehensive strategies for capitalising on rising and falling markets.
What Is a Momentum Trading Strategy?
Momentum trading is a technique where traders aim...
Gold Price (XAU/USD) Is Testing an Important Resistance Zone
On April 16, we wrote why the $2,380 zone is an important resistance area.
The XAU/USD chart shows that:
1) After fading fluctuations (they formed a narrowing consolidation triangle - shown in green), the price of gold dropped sharply (shown by a black arrow) on April 22-23.
2) Then, the price found...
Weekly Market Wrap With Gary Thomson: UK100, Hang Seng Index, AUD/JPY, GBP/USD, USD/CAD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
UK100 Analysis: Stock Market Optimistic Ahead Of Bank Of...
Opening Range Breakout Strategy
The Opening Range Breakout (ORB) is a classic trading strategy designed to capitalise on volatility during the first few minutes following the market's opening bell. Rooted in principles laid down in the 1960s, the strategy remains relevant today for both stock and forex markets. This article dives deep into the ORB strategy and...
Market Analysis: Crude Oil Price Recovers
Crude oil is recovering and might rise toward the $81.20 resistance zone.
Important Takeaways for Oil Price Analysis Today
Crude oil is recovering losses and trading above the $78.55 support.
There was a break above a connecting bearish trendline with resistance near $78.40 on the hourly chart of XTI/USD at...
Market Analysis: Gold Price Regains Strength
The gold price started a fresh increase above $2,320.
Important Takeaways for Gold Price Analysis Today
The gold price started a decent increase from the $2,300 zone against the US Dollar.
It broke a key descending channel with resistance at $2,315 on the hourly chart of gold at FXOpen.
Gold Price...
WTI Oil Price Recovers Quickly From March Lows
On May 8, the price of WTI crude oil fell below $77 per barrel for the first time since March 11. But on the morning of May 10, it was above $79 – an increase of almost 3% in less than two days.
Several factors contributed to the significant rise in the price of WTI crude oil. According to
Reuters, among them:
→...
GBP/USD Analysis: Pound Recovers After the Bank of England Decision
Yesterday, the Bank of England published its interest rate decision. According to ForexFactory, the votes were distributed as follows:
→ rate hike - 0 votes, cut - 2 votes, unchanged - 7 (0 - 2 - 7);
→ forecast: 0 - 0 - 9;
→ previous values: 0 - 1 - 8.
For the first time in the current cycle...
Market Analysis: USD/CAD Regains Strength
USD/CAD is rising and might aim for more gains above the 1.3760 resistance.
Important Takeaways for USD/CAD Analysis Today
USD/CAD is showing positive signs above the 1.3685 support zone.
There is a major bullish trend line forming with support at 1.3720 on the hourly chart at FXOpen.
USD/CAD Technical...
Market Analysis: GBP/USD Bulls Struggle
GBP/USD declined below the 1.2550 support zone.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a fresh decline from the 1.2635 resistance zone.
There is a key bearish trend line forming with resistance at 1.2500 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On...
The Hang Seng Index Has Risen by Over 13% in 2 Weeks
Analyzing the Hang Seng (Hong Kong 50 at FXOpen) chart, we wrote on January 30th that the price was near an important support level formed by the lower boundary (shown in orange) of a long-term channel, which has been relevant since 1995.
According to Reuters, Goldman Sachs representatives noted in a client...
