β#forextrading #NZDUSD #marketanalysis
NZD/USD
NZD/USD has been trading sideways for several sessions. Buyers continue to defend support near 0.5700, but a strong fundamental catalyst would be required to trigger a downside breakout and extend the bearish move. A sustained move above 0.5780 could open the way for a deeper corrective recovery.
Overall, the market remains in a holding pattern ahead of a key macroeconomic event. The direction of commodity currencies will largely depend on the outcome of US labour market data, alongside the broader geopolitical backdrop, which continues to influence global financial markets. At present, trading activity remains subdued due to the holiday period, reducing the presence of major market participants. Under such conditions, the risk of false breakouts and short-term volatility spikes increases, calling for additional caution when interpreting price movements.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NZD/USD
NZD/USD has been trading sideways for several sessions. Buyers continue to defend support near 0.5700, but a strong fundamental catalyst would be required to trigger a downside breakout and extend the bearish move. A sustained move above 0.5780 could open the way for a deeper corrective recovery.
Overall, the market remains in a holding pattern ahead of a key macroeconomic event. The direction of commodity currencies will largely depend on the outcome of US labour market data, alongside the broader geopolitical backdrop, which continues to influence global financial markets. At present, trading activity remains subdued due to the holiday period, reducing the presence of major market participants. Under such conditions, the risk of false breakouts and short-term volatility spikes increases, calling for additional caution when interpreting price movements.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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Daily Market News with FXOpen - 06 April 2026
πΈ Oil prices little changed as market assesses supply disruptions due to war;
πΈ Stocks rise on optimism at possible Iran ceasefire;
πΈ Dollar steady as traders weigh escalating Iran war, ceasefire hopes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#OilPrices #CrudeOil #StockMarket #ForexMarket #USD #Geopolitics #Iran #TradingNews #GlobalMarkets
πΈ Oil prices little changed as market assesses supply disruptions due to war;
πΈ Stocks rise on optimism at possible Iran ceasefire;
πΈ Dollar steady as traders weigh escalating Iran war, ceasefire hopes.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#OilPrices #CrudeOil #StockMarket #ForexMarket #USD #Geopolitics #Iran #TradingNews #GlobalMarkets
π2
β#goldprice #XAUUSD #WTI #oilprices #commodities #marketanalysis
Market Analysis: Gold Price Slips Back, WTI Crude Oil Rally Gains Fresh Strength
Gold price rallied above $4,750 before correcting lower. Crude oil prices are rising and could climb further higher toward $110.00.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
Β· Gold price gained pace for a move toward $4,800 and recently corrected lower against the US Dollar.
Β· A key bullish trend line is forming with support at $4,630 on the hourly chart of gold at FXOpen.
Β· WTI Crude oil prices are moving higher above the $100.00 resistance zone.
Β· There was a break above a bearish trend line with resistance at $97.00 on the hourly chart of XTI/USD at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price was able to climb above $4,500. The price even surpassed $4,750 before the bears appeared.
The price traded close to $4,800 before there was a downside correction. There was a move below $4,750 and $4,700. The price settled below the 50-hour simple moving average, and RSI dipped below 50. There was a move below the 38.2% Fib retracement level of the upward move from the $4,351 swing low to the $4,800 high.
However, the bulls are active above $4,575 and the 50% Fib retracement. There is also a key bullish trend line forming with support at $4,630.
Immediate hurdle on the upside is $4,695 and the 50-hour simple moving average. The next major breakout level is $4,750. An upside break above $4,750 could send Gold price toward $4,800. Any more gains may perhaps set the pace for an increase toward $4,880.
If there is no fresh increase, the price could continue to move down. Initial support on the downside is near $4,630 and the trend line. The first key breakdown zone could be $4,520. If there is a downside break below $4,520, the price might decline further. In the stated case, the price might drop to $4,350.
Market Analysis: Gold Price Slips Back, WTI Crude Oil Rally Gains Fresh Strength
Gold price rallied above $4,750 before correcting lower. Crude oil prices are rising and could climb further higher toward $110.00.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
Β· Gold price gained pace for a move toward $4,800 and recently corrected lower against the US Dollar.
Β· A key bullish trend line is forming with support at $4,630 on the hourly chart of gold at FXOpen.
Β· WTI Crude oil prices are moving higher above the $100.00 resistance zone.
Β· There was a break above a bearish trend line with resistance at $97.00 on the hourly chart of XTI/USD at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price was able to climb above $4,500. The price even surpassed $4,750 before the bears appeared.
The price traded close to $4,800 before there was a downside correction. There was a move below $4,750 and $4,700. The price settled below the 50-hour simple moving average, and RSI dipped below 50. There was a move below the 38.2% Fib retracement level of the upward move from the $4,351 swing low to the $4,800 high.
However, the bulls are active above $4,575 and the 50% Fib retracement. There is also a key bullish trend line forming with support at $4,630.
Immediate hurdle on the upside is $4,695 and the 50-hour simple moving average. The next major breakout level is $4,750. An upside break above $4,750 could send Gold price toward $4,800. Any more gains may perhaps set the pace for an increase toward $4,880.
If there is no fresh increase, the price could continue to move down. Initial support on the downside is near $4,630 and the trend line. The first key breakdown zone could be $4,520. If there is a downside break below $4,520, the price might decline further. In the stated case, the price might drop to $4,350.
π2
β#WTI #oilprices #crudeoil #marketanalysis
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a steady increase against the US Dollar. The price gained bullish momentum after it settled above $96.40.
The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 75. Besides, there was a break above a bearish trend line with resistance at $97.00. The price tested the $105.85 zone and is currently consolidating gains.
There was a minor pullback below $103 and the 23.6% Fib retracement level of the upward move from the $92.78 swing low to the $105.86 low.
If there is a fresh increase, the price could struggle near $105.85. A close above $106.85 could send the price toward $108. The next key area of interest might be $110. Any more gains might send the price toward $112.
Conversely, the price might correct gains and test $100.85. The main bid area on the WTI crude oil chart could be $99.30, the 50% Fib retracement level, and the 50-hour simple moving average. If there is a downside break, the price might decline toward $96.40. Any more losses may perhaps open the doors for a move to $92.80.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
WTI Crude Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price started a steady increase against the US Dollar. The price gained bullish momentum after it settled above $96.40.
The bulls pushed the price above the 50-hour simple moving average, and the RSI climbed toward 75. Besides, there was a break above a bearish trend line with resistance at $97.00. The price tested the $105.85 zone and is currently consolidating gains.
There was a minor pullback below $103 and the 23.6% Fib retracement level of the upward move from the $92.78 swing low to the $105.86 low.
If there is a fresh increase, the price could struggle near $105.85. A close above $106.85 could send the price toward $108. The next key area of interest might be $110. Any more gains might send the price toward $112.
Conversely, the price might correct gains and test $100.85. The main bid area on the WTI crude oil chart could be $99.30, the 50% Fib retracement level, and the 50-hour simple moving average. If there is a downside break, the price might decline toward $96.40. Any more losses may perhaps open the doors for a move to $92.80.
Start trading commodities with tight spreads*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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β#EURUSD #forextrading #forex #tradingtips #marketanalysis
EUR/USD and GBP/USD at Range Boundaries Ahead of Geopolitical Decisions
European currencies are entering a consolidation phase following an attempted recovery, while market participants adopt a wait-and-see approach amid uncertainty surrounding the geopolitical landscape. Current price action reflects a balance between a softer US dollar and a lack of sustained drivers for further gains in the euro and the pound, keeping both pairs within defined ranges.
The key factor shaping the current market structure remains developments surrounding Iran. Despite signs of moderate recovery in global markets and some easing in the dollar, US rhetoric and the absence of clear signals regarding a potential agreement continue to maintain a high level of uncertainty. Rising oil prices and risks of supply disruptions through the Strait of Hormuz continue to fuel inflation expectations and, as a result, support a cautious approach to assessing the outlook for monetary policy.
Additional uncertainty stems from statements by Donald Trump, who earlier this week once again hardened his stance on Iran, suggesting the possibility of further strikes. At the same time, diplomatic efforts to reach an agreement are ongoing, although the likelihood of a near-term resolution is seen as limited. This combination of pressure and negotiations creates a mixed news backdrop, restraining the formation of a clear directional move in the currency market while leaving room for sharp impulses in the event of escalation.
EUR/USD
EUR/USD is trading within a narrow 1.1500β1.1600 range. Technical analysis suggests a potential test of the upper boundary, as several reversal patterns have formed on the daily timeframe. A sustained move above 1.1600 could lead to gains towards 1.1640. Conversely, a break below the 1.1500 support level could open the way for a decline towards the 1.1440β1.1410 area.
Key events for EUR/USD:
βͺοΈtoday at 10:15 (GMT+3): Spain Services PMI
βͺοΈtoday at 10:55 (GMT+3): Germany Services PMI
βͺοΈtoday at 15:30 (GMT+3): US core durable goods orders
EUR/USD and GBP/USD at Range Boundaries Ahead of Geopolitical Decisions
European currencies are entering a consolidation phase following an attempted recovery, while market participants adopt a wait-and-see approach amid uncertainty surrounding the geopolitical landscape. Current price action reflects a balance between a softer US dollar and a lack of sustained drivers for further gains in the euro and the pound, keeping both pairs within defined ranges.
The key factor shaping the current market structure remains developments surrounding Iran. Despite signs of moderate recovery in global markets and some easing in the dollar, US rhetoric and the absence of clear signals regarding a potential agreement continue to maintain a high level of uncertainty. Rising oil prices and risks of supply disruptions through the Strait of Hormuz continue to fuel inflation expectations and, as a result, support a cautious approach to assessing the outlook for monetary policy.
Additional uncertainty stems from statements by Donald Trump, who earlier this week once again hardened his stance on Iran, suggesting the possibility of further strikes. At the same time, diplomatic efforts to reach an agreement are ongoing, although the likelihood of a near-term resolution is seen as limited. This combination of pressure and negotiations creates a mixed news backdrop, restraining the formation of a clear directional move in the currency market while leaving room for sharp impulses in the event of escalation.
EUR/USD
EUR/USD is trading within a narrow 1.1500β1.1600 range. Technical analysis suggests a potential test of the upper boundary, as several reversal patterns have formed on the daily timeframe. A sustained move above 1.1600 could lead to gains towards 1.1640. Conversely, a break below the 1.1500 support level could open the way for a decline towards the 1.1440β1.1410 area.
Key events for EUR/USD:
βͺοΈtoday at 10:15 (GMT+3): Spain Services PMI
βͺοΈtoday at 10:55 (GMT+3): Germany Services PMI
βͺοΈtoday at 15:30 (GMT+3): US core durable goods orders
π3
β#GBPUSD #forextrading #marketanalysis
GBP/USD
GBP/USD is showing a similar pattern, remaining within a sideways range after a corrective rebound. A firm break above 1.3300 could pave the way for further gains towards 1.3370β1.3400. On the downside, a rejection from current levels may result in a retest of recent lows near 1.3150.
Key events for GBP/USD:
βͺοΈtoday at 11:30 (GMT+3): UK Composite PMI
βͺοΈtoday at 11:30 (GMT+3): UK Services PMI
βͺοΈtoday at 17:00 (GMT+3): Atlanta Fed GDPNow
Overall, the market retains a consolidative tone, awaiting both geopolitical developments and macroeconomic signals. A breakout from the current range could be triggered by news related to negotiations involving Iran or by key economic data releases, highlighting the transitional nature of the current market phase.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBP/USD
GBP/USD is showing a similar pattern, remaining within a sideways range after a corrective rebound. A firm break above 1.3300 could pave the way for further gains towards 1.3370β1.3400. On the downside, a rejection from current levels may result in a retest of recent lows near 1.3150.
Key events for GBP/USD:
βͺοΈtoday at 11:30 (GMT+3): UK Composite PMI
βͺοΈtoday at 11:30 (GMT+3): UK Services PMI
βͺοΈtoday at 17:00 (GMT+3): Atlanta Fed GDPNow
Overall, the market retains a consolidative tone, awaiting both geopolitical developments and macroeconomic signals. A breakout from the current range could be triggered by news related to negotiations involving Iran or by key economic data releases, highlighting the transitional nature of the current market phase.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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Daily Market News with FXOpen - 07 April 2026
πΈ Gold steady as Trumpβs Iran deadline keeps markets cautious;
πΈ Dollar kept aloft as another Trump deadline looms;
πΈ Bitcoin slides with risk assets as Trumpβs Iran ultimatum looms.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#Gold #XAUUSD #Bitcoin #CryptoMarket #Forex #USDCurrency #MarketVolatility #Geopolitics
πΈ Gold steady as Trumpβs Iran deadline keeps markets cautious;
πΈ Dollar kept aloft as another Trump deadline looms;
πΈ Bitcoin slides with risk assets as Trumpβs Iran ultimatum looms.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#Gold #XAUUSD #Bitcoin #CryptoMarket #Forex #USDCurrency #MarketVolatility #Geopolitics
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Daily Market News with FXOpen - 08 April 2026
πΈ European stocks soar 4% after U.S.-Iran ceasefire deal; travel stocks lead gains up 7%;
πΈ Gold climbs after Trump agrees to a two-week ceasefire in Iran;
πΈ Swiss banks to test use cases for Swiss franc stablecoin.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#StockMarket #EuropeanStocks #GlobalMarkets #Investing #Gold #CryptoNews #Stablecoin
πΈ European stocks soar 4% after U.S.-Iran ceasefire deal; travel stocks lead gains up 7%;
πΈ Gold climbs after Trump agrees to a two-week ceasefire in Iran;
πΈ Swiss banks to test use cases for Swiss franc stablecoin.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
Cryptocurrency CFDs are not available to Retail clients at FXOpen UK.
#StockMarket #EuropeanStocks #GlobalMarkets #Investing #Gold #CryptoNews #Stablecoin
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β#USDJPY #usdcad #forextrading #tradingtips #marketanalysis #MarketNews
FOMC Minutes in Focus: USD/JPY and USD/CAD Pull Back from Highs
The US dollar has shifted into a corrective phase following its previous rally, while market participants adopt a wait-and-see approach ahead of the release of the Federal Reserveβs meeting minutes. The weakening of the dollar has already led to a moderate pullback in USD/JPY and USD/CAD from recent highs, reflecting profit-taking and reduced activity ahead of a key event.
An additional factor influencing the market remains geopolitical tensions, which continue to affect global financial flows. Fluctuations in energy prices and persistent escalation risks are limiting the formation of ΡΡΡΠΎΠΉΡΠΈΠ²ΡΡ trends, increasing the dependence of currency pairs on incoming macroeconomic data.
Today, investor focus will be on the Federal Reserve minutes, which may help clarify the regulatorβs stance on the future path of interest rates. The market will assess the tone of policymakersβ comments, particularly the balance between inflation risks and signs of economic slowdown. Depending on the tone, the market may either extend the dollarβs corrective move or revive demand for the US currency.
USD/JPY
Following a test of the key psychological resistance level at 160.00, USD/JPY has formed an βevening starβ candlestick pattern. Technical analysis suggests a potential continuation of the downward correction if the pair holds below 159.20. If buyers manage to secure a move above 160.00, a retest of the yearly highs may follow.
Key events for USD/JPY:
βͺοΈToday at 14:00 (GMT+3): US Mortgage Market Index
βͺοΈToday at 21:00 (GMT+3): FOMC Minutes
βͺοΈToday at 21:35 (GMT+3): Speech by Fedβs Christopher Waller
FOMC Minutes in Focus: USD/JPY and USD/CAD Pull Back from Highs
The US dollar has shifted into a corrective phase following its previous rally, while market participants adopt a wait-and-see approach ahead of the release of the Federal Reserveβs meeting minutes. The weakening of the dollar has already led to a moderate pullback in USD/JPY and USD/CAD from recent highs, reflecting profit-taking and reduced activity ahead of a key event.
An additional factor influencing the market remains geopolitical tensions, which continue to affect global financial flows. Fluctuations in energy prices and persistent escalation risks are limiting the formation of ΡΡΡΠΎΠΉΡΠΈΠ²ΡΡ trends, increasing the dependence of currency pairs on incoming macroeconomic data.
Today, investor focus will be on the Federal Reserve minutes, which may help clarify the regulatorβs stance on the future path of interest rates. The market will assess the tone of policymakersβ comments, particularly the balance between inflation risks and signs of economic slowdown. Depending on the tone, the market may either extend the dollarβs corrective move or revive demand for the US currency.
USD/JPY
Following a test of the key psychological resistance level at 160.00, USD/JPY has formed an βevening starβ candlestick pattern. Technical analysis suggests a potential continuation of the downward correction if the pair holds below 159.20. If buyers manage to secure a move above 160.00, a retest of the yearly highs may follow.
Key events for USD/JPY:
βͺοΈToday at 14:00 (GMT+3): US Mortgage Market Index
βͺοΈToday at 21:00 (GMT+3): FOMC Minutes
βͺοΈToday at 21:35 (GMT+3): Speech by Fedβs Christopher Waller
π3
β#usdcad #forex #marketanalysis
USD/CAD
USD/CAD has formed a βdark cloud coverβ pattern after a repeated test of the 1.3950 level. If the pair consolidates below 1.3880, the decline may extend towards 1.3780β1.3800. A break above 1.3970 would invalidate the bearish scenario.
Key events for USD/CAD:
βͺοΈToday at 13:00 (GMT+3): Canada Leading Economic Index
βͺοΈToday at 17:30 (GMT+3): US Crude Oil Inventories
βͺοΈToday at 18:00 (GMT+3): Canada Thomson Reuters/Ipsos PCSI
The market remains in a corrective and anticipatory phase ahead of the release of the FOMC minutes. The current weakening of the dollar may continue if the Fed adopts a softer tone, while more hawkish signals could restore demand for the US currency and limit the extent of the pullback.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/CAD
USD/CAD has formed a βdark cloud coverβ pattern after a repeated test of the 1.3950 level. If the pair consolidates below 1.3880, the decline may extend towards 1.3780β1.3800. A break above 1.3970 would invalidate the bearish scenario.
Key events for USD/CAD:
βͺοΈToday at 13:00 (GMT+3): Canada Leading Economic Index
βͺοΈToday at 17:30 (GMT+3): US Crude Oil Inventories
βͺοΈToday at 18:00 (GMT+3): Canada Thomson Reuters/Ipsos PCSI
The market remains in a corrective and anticipatory phase ahead of the release of the FOMC minutes. The current weakening of the dollar may continue if the Fed adopts a softer tone, while more hawkish signals could restore demand for the US currency and limit the extent of the pullback.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
π4
β#AUDUSD #NZDUSD #forextrading #tradingtips #forexmarket
Market Analysis: AUD/USD And NZD/USD Turn Bullish, Is Rally Set to Extend?
AUD/USD started a fresh increase above 0.6970 and 0.7000. NZD/USD is also rising and might aim for more gains above 0.5850.
Important Takeaways for AUD USD and NZD USD Analysis Today
βͺοΈThe Aussie Dollar started a steady increase above 0.7000 against the US Dollar.
βͺοΈThere was a break above a rising channel with resistance at 0.6960 on the hourly chart of AUD/USD at FXOpen.
βͺοΈNZD/USD is consolidating gains above the 0.5755 pivot zone.
βͺοΈThere was a break above a key contracting triangle with resistance at 0.5710 on the hourly chart of NZD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.6860. The Aussie Dollar was able to clear 0.6900 to move into a positive zone against the US Dollar.
There was a break above a rising channel with resistance at 0.6960. There was a close above 0.7000 and the 50-hour simple moving average. Finally, the pair tested 0.7080. A high was formed near 0.7084 and the pair recently started a consolidation phase. There was a minor decline below 0.7075.
On the downside, initial support is near the 23.6% Fib retracement level of the upward move from the 0.6859 swing low to the 0.7084 high. The next area of interest could be near 0.6970 and the 50% Fib retracement.
If there is a downside break below 0.6970, the pair could extend its decline toward the 0.6945 zone and the 50-hour simple moving average. Any more losses might signal a move toward 0.6895.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.7085. The first major hurdle for the bulls might be 0.7120. An upside break above 0.7120 might send the pair further higher. The next stop is near 0.7200. Any more gains could clear the path for a move toward 0.7320.
Market Analysis: AUD/USD And NZD/USD Turn Bullish, Is Rally Set to Extend?
AUD/USD started a fresh increase above 0.6970 and 0.7000. NZD/USD is also rising and might aim for more gains above 0.5850.
Important Takeaways for AUD USD and NZD USD Analysis Today
βͺοΈThe Aussie Dollar started a steady increase above 0.7000 against the US Dollar.
βͺοΈThere was a break above a rising channel with resistance at 0.6960 on the hourly chart of AUD/USD at FXOpen.
βͺοΈNZD/USD is consolidating gains above the 0.5755 pivot zone.
βͺοΈThere was a break above a key contracting triangle with resistance at 0.5710 on the hourly chart of NZD/USD at FXOpen.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD at FXOpen, the pair started a fresh increase from 0.6860. The Aussie Dollar was able to clear 0.6900 to move into a positive zone against the US Dollar.
There was a break above a rising channel with resistance at 0.6960. There was a close above 0.7000 and the 50-hour simple moving average. Finally, the pair tested 0.7080. A high was formed near 0.7084 and the pair recently started a consolidation phase. There was a minor decline below 0.7075.
On the downside, initial support is near the 23.6% Fib retracement level of the upward move from the 0.6859 swing low to the 0.7084 high. The next area of interest could be near 0.6970 and the 50% Fib retracement.
If there is a downside break below 0.6970, the pair could extend its decline toward the 0.6945 zone and the 50-hour simple moving average. Any more losses might signal a move toward 0.6895.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.7085. The first major hurdle for the bulls might be 0.7120. An upside break above 0.7120 might send the pair further higher. The next stop is near 0.7200. Any more gains could clear the path for a move toward 0.7320.
π3
β#NZDUSD #forextrading #forex #marketanalysis
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a fresh increase from 0.5675. The New Zealand Dollar broke the 0.5720 barrier to start the recent rally against the US Dollar.
More importantly, there was a break above a key contracting triangle with resistance at 0.5710. The pair settled above 0.5755 and the 50-hour simple moving average.
It tested 0.5835 and is currently consolidating gains. There was a minor pullback below 0.5820. The NZD/USD chart suggests that the RSI is now just above 70. On the upside, the pair might struggle near 0.5835. The next major hurdle is near the 0.5880 pivot level.
A clear move above 0.5880 might even push the pair toward 0.6950. Any more gains might clear the path for a move toward the 0.7000 zone in the coming days.
On the downside, immediate support is near the 0.5795 level and the 23.6% Fib retracement level of the upward move from the 0.5678 swing low to the 0.5834 high.
The first key zone for the bulls sits at 0.5755 and the 50% Fib retracement. The next important level is 0.5720 and the 50-hour simple moving average. If there is a downside break below 0.5720, the pair might slide toward 0.5690. Any more losses could lead NZD/USD into a bearish zone to 0.5650.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NZD/USD Technical Analysis
On the hourly chart of NZD/USD on FXOpen, the pair started a fresh increase from 0.5675. The New Zealand Dollar broke the 0.5720 barrier to start the recent rally against the US Dollar.
More importantly, there was a break above a key contracting triangle with resistance at 0.5710. The pair settled above 0.5755 and the 50-hour simple moving average.
It tested 0.5835 and is currently consolidating gains. There was a minor pullback below 0.5820. The NZD/USD chart suggests that the RSI is now just above 70. On the upside, the pair might struggle near 0.5835. The next major hurdle is near the 0.5880 pivot level.
A clear move above 0.5880 might even push the pair toward 0.6950. Any more gains might clear the path for a move toward the 0.7000 zone in the coming days.
On the downside, immediate support is near the 0.5795 level and the 23.6% Fib retracement level of the upward move from the 0.5678 swing low to the 0.5834 high.
The first key zone for the bulls sits at 0.5755 and the 50% Fib retracement. The next important level is 0.5720 and the 50-hour simple moving average. If there is a downside break below 0.5720, the pair might slide toward 0.5690. Any more losses could lead NZD/USD into a bearish zone to 0.5650.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
π3
β#EURUSD #GBPUSD #forextrading #forex #marketanalysis #MarketTrends
European Currencies Strengthen: Dollar Under Pressure Following Ceasefire News
European currencies posted solid gains, while the US dollar came under pressure amid easing geopolitical tensions following reports of a two-week ceasefire agreement between the United States and Iran. Reduced demand for so-called safe-haven assets acted as the primary driver, prompting a reallocation of capital flows towards risk-sensitive instruments and developed market currencies.
Additional pressure on the dollar came from a sharp decline in oil prices, driven by expectations of stabilised supply through the Strait of Hormuz. This has lowered inflation risks and reinforced expectations of a more accommodative stance from the Federal Reserve. At the same time, US Treasury yields declined, further supporting a reassessment of the Fedβs policy outlook. Against this backdrop, money markets are once again pricing in the probability of rate cuts before year-end, limiting the dollarβs recovery potential and reinforcing the current downward momentum.
EUR/USD
The EUR/USD pair broke out of its recent range, moving higher in line with broad-based dollar weakness. The price could continue rising towards 1.1740β1.1770. However, a short-term corrective pullback towards former resistance at 1.1610β1.1630 could happen. A daily close below 1.1600 may signal a return to the previous consolidation range.
Key events for EUR/USD:
- Today at 09:00 (GMT+3): German industrial production
- Today at 15:30 (GMT+3): US Core PCE Price Index
- Today at 15:30 (GMT+3): US GDP
European Currencies Strengthen: Dollar Under Pressure Following Ceasefire News
European currencies posted solid gains, while the US dollar came under pressure amid easing geopolitical tensions following reports of a two-week ceasefire agreement between the United States and Iran. Reduced demand for so-called safe-haven assets acted as the primary driver, prompting a reallocation of capital flows towards risk-sensitive instruments and developed market currencies.
Additional pressure on the dollar came from a sharp decline in oil prices, driven by expectations of stabilised supply through the Strait of Hormuz. This has lowered inflation risks and reinforced expectations of a more accommodative stance from the Federal Reserve. At the same time, US Treasury yields declined, further supporting a reassessment of the Fedβs policy outlook. Against this backdrop, money markets are once again pricing in the probability of rate cuts before year-end, limiting the dollarβs recovery potential and reinforcing the current downward momentum.
EUR/USD
The EUR/USD pair broke out of its recent range, moving higher in line with broad-based dollar weakness. The price could continue rising towards 1.1740β1.1770. However, a short-term corrective pullback towards former resistance at 1.1610β1.1630 could happen. A daily close below 1.1600 may signal a return to the previous consolidation range.
Key events for EUR/USD:
- Today at 09:00 (GMT+3): German industrial production
- Today at 15:30 (GMT+3): US Core PCE Price Index
- Today at 15:30 (GMT+3): US GDP
π4
β#GBPUSD #forex #marketanalysis
GBP/USD
The GBP/USD pair also broke out to the upside, following the broader trend of dollar weakness. After such a sharp move, a corrective pullback towards the recent highs at 1.3320β1.3350 might be possible. A sustained move above yesterdayβs high could open the way for further gains towards 1.3510β1.3560.
Key events for GBP/USD:
- Today at 11:30 (GMT+3): Bank of England Credit Conditions Survey
- Today at 12:00 (GMT+3): UK mortgage rate data
- Today at 15:30 (GMT+3): US initial jobless claims
Summary
The appreciation of European currencies is being driven by a combination of easing geopolitical tensions, declining oil prices, and a reassessment of the Federal Reserveβs policy outlook. The upside breakouts in EUR/USD and GBP/USD reflect a shift in market balance towards risk assets. However, further direction will depend on confirmation from incoming US macroeconomic data. Should downward pressure on yields persist and rate cut expectations strengthen, the dollar may continue to weaken. Conversely, stronger-than-expected data could trigger short-term stabilisation and a return to consolidation.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBP/USD
The GBP/USD pair also broke out to the upside, following the broader trend of dollar weakness. After such a sharp move, a corrective pullback towards the recent highs at 1.3320β1.3350 might be possible. A sustained move above yesterdayβs high could open the way for further gains towards 1.3510β1.3560.
Key events for GBP/USD:
- Today at 11:30 (GMT+3): Bank of England Credit Conditions Survey
- Today at 12:00 (GMT+3): UK mortgage rate data
- Today at 15:30 (GMT+3): US initial jobless claims
Summary
The appreciation of European currencies is being driven by a combination of easing geopolitical tensions, declining oil prices, and a reassessment of the Federal Reserveβs policy outlook. The upside breakouts in EUR/USD and GBP/USD reflect a shift in market balance towards risk assets. However, further direction will depend on confirmation from incoming US macroeconomic data. Should downward pressure on yields persist and rate cut expectations strengthen, the dollar may continue to weaken. Conversely, stronger-than-expected data could trigger short-term stabilisation and a return to consolidation.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
π5
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Daily Market News with FXOpen - 09 April 2026
πΈ Europe stocks rebound stalls as U.S-Iran ceasefire comes under strain;
πΈ CNBC Daily Open: Trump touts βnext conquestβ;
πΈ Goldman Sachs lowers second-quarter 2026 oil price forecasts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #EuropeanStocks #Geopolitics #OilPrices #GoldmanSachs #USIran #GlobalMarkets #FTSE100 #DAX
πΈ Europe stocks rebound stalls as U.S-Iran ceasefire comes under strain;
πΈ CNBC Daily Open: Trump touts βnext conquestβ;
πΈ Goldman Sachs lowers second-quarter 2026 oil price forecasts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #EuropeanStocks #Geopolitics #OilPrices #GoldmanSachs #USIran #GlobalMarkets #FTSE100 #DAX
π2
β#AUDUSD #forextrading #forex #marketanalysis #MarketNews
Commodity Currencies on the Rise: Market Focus Shifts to US and Canadian Data
Commodity-linked currencies continue to strengthen, while the US dollar remains under pressure amid easing geopolitical tensions and a shift in investor preference towards riskier assets. Reports of a temporary ceasefire between the US and Iran have helped stabilise sentiment and reduced demand for safe-haven assets, supporting currencies sensitive to the global economic cycle, including the Australian and Canadian dollars.
Another factor weighing on the dollar is expectations around Federal Reserve monetary policy, which remain highly sensitive to incoming macroeconomic data. Lower US Treasury yields and ongoing uncertainty Ψ¨Ψ΄Ψ£Ω inflation dynamics are reinforcing cautious market positioning. Against this backdrop, attention is turning to upcoming US data releases, including inflation, consumer sentiment, and business activity indicators, which may reshape interest rate expectations.
AUD/USD
AUD/USD continues its upward move after breaking out of the 0.6840β0.6960 range. The next upside targets are the yearly highs in the 0.7160β0.7180 area. The bullish scenario would be invalidated if the pair falls and holds below 0.7020.
Key events for AUD/USD:
βͺοΈToday at 15:30 (GMT+3): US Core CPI
βͺοΈToday at 17:00 (GMT+3): University of Michigan inflation expectations
βͺοΈToday at 17:00 (GMT+3): University of Michigan consumer sentiment
Commodity Currencies on the Rise: Market Focus Shifts to US and Canadian Data
Commodity-linked currencies continue to strengthen, while the US dollar remains under pressure amid easing geopolitical tensions and a shift in investor preference towards riskier assets. Reports of a temporary ceasefire between the US and Iran have helped stabilise sentiment and reduced demand for safe-haven assets, supporting currencies sensitive to the global economic cycle, including the Australian and Canadian dollars.
Another factor weighing on the dollar is expectations around Federal Reserve monetary policy, which remain highly sensitive to incoming macroeconomic data. Lower US Treasury yields and ongoing uncertainty Ψ¨Ψ΄Ψ£Ω inflation dynamics are reinforcing cautious market positioning. Against this backdrop, attention is turning to upcoming US data releases, including inflation, consumer sentiment, and business activity indicators, which may reshape interest rate expectations.
AUD/USD
AUD/USD continues its upward move after breaking out of the 0.6840β0.6960 range. The next upside targets are the yearly highs in the 0.7160β0.7180 area. The bullish scenario would be invalidated if the pair falls and holds below 0.7020.
Key events for AUD/USD:
βͺοΈToday at 15:30 (GMT+3): US Core CPI
βͺοΈToday at 17:00 (GMT+3): University of Michigan inflation expectations
βͺοΈToday at 17:00 (GMT+3): University of Michigan consumer sentiment
π2
β#usdcad #forextrading #marketanalysis #MarketNews
USD/CAD
USD/CAD is trending lower, continuing the move driven by Canadian dollar strength. The downside breakout reflects a shift in favour of commodity currencies, supported by both the broader macro backdrop and expectations ahead of key Canadian data, including the employment report.
Technical analysis suggests a potential decline towards the 1.3750β1.3780 range, as several reversal patterns have formed on the daily timeframe. The bearish outlook would be invalidated if the pair rises and holds above 1.3860.
Key events for USD/CAD:
βͺοΈToday at 15:30 (GMT+3): Canada unemployment rate
βͺοΈToday at 15:30 (GMT+3): average hourly wages (permanent employees)
βͺοΈToday at 22:30 (GMT+3): CFTC net speculative positions in crude oil
The strength in commodity currencies is being driven by a combination of easing geopolitical risks, a weaker US dollar, and rising demand for risk assets. Breakouts in AUD/USD and USD/CAD reinforce the likelihood of trend continuation; however, upcoming US and Canadian data remain a key source of uncertainty. Depending on the outcome, the current momentum may either extend or shift into a phase of consolidation.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/CAD
USD/CAD is trending lower, continuing the move driven by Canadian dollar strength. The downside breakout reflects a shift in favour of commodity currencies, supported by both the broader macro backdrop and expectations ahead of key Canadian data, including the employment report.
Technical analysis suggests a potential decline towards the 1.3750β1.3780 range, as several reversal patterns have formed on the daily timeframe. The bearish outlook would be invalidated if the pair rises and holds above 1.3860.
Key events for USD/CAD:
βͺοΈToday at 15:30 (GMT+3): Canada unemployment rate
βͺοΈToday at 15:30 (GMT+3): average hourly wages (permanent employees)
βͺοΈToday at 22:30 (GMT+3): CFTC net speculative positions in crude oil
The strength in commodity currencies is being driven by a combination of easing geopolitical risks, a weaker US dollar, and rising demand for risk assets. Breakouts in AUD/USD and USD/CAD reinforce the likelihood of trend continuation; however, upcoming US and Canadian data remain a key source of uncertainty. Depending on the outcome, the current momentum may either extend or shift into a phase of consolidation.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
π1
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Daily Market News with FXOpen - 10 April 2026
πΈ Dow, S&P 500, Nasdaq futures inch down as Strait of Hormuz remains closed ahead of peace talks;
πΈ Oil holds gain after attacks lower Saudi production capacity;
πΈ Ceasefire sends dollar on weekly drop; US-Iran talks in focus.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #SP500 #Nasdaq #DowJones #OilPrices #ForexMarket #USIran #Geopolitics #TradingNews
πΈ Dow, S&P 500, Nasdaq futures inch down as Strait of Hormuz remains closed ahead of peace talks;
πΈ Oil holds gain after attacks lower Saudi production capacity;
πΈ Ceasefire sends dollar on weekly drop; US-Iran talks in focus.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com.
#StockMarket #SP500 #Nasdaq #DowJones #OilPrices #ForexMarket #USIran #Geopolitics #TradingNews
π1
β#GBPUSD #usdcad #forextrading #marketanalysis #MarketTrends
Market Analysis: GBP/USD Holds Firm, USD/CAD Bulls Target Breakout Move
GBP/USD started a downside correction from 1.3480. USD/CAD is gaining bullish momentum and might clear 1.3880 for more upside.
Important Takeaways for GBP/USD and USD/CAD Analysis Today
Β· The British Pound rallied toward 1.3500 before the bears appeared.
Β· There was a break below a rising channel with support near 1.3410 on the hourly chart of GBP/USD at FXOpen.
Β· USD/CAD is showing positive signs above the 1.3835 pivot zone.
Β· There was a break above a key bearish trend line with resistance at 1.3830 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair gained pace for a move toward 1.3300. The British Pound even climbed above 1.3450 before the bears appeared against the US Dollar.
A high was formed at 1.3485, and the pair started a minor downside correction. The pair traded below 1.3440, a rising channel, the 50-hour simple moving average, and the 23.6% Fib retracement level of the upward move from the 1.3176 swing low to the 1.3485 high.
Finally, the bulls appeared near 1.3380, and the pair started a consolidation phase. Immediate hurdle on the upside is near 1.3410 and the 50-hour simple moving average.
The first major resistance is 1.3480. The main sell zone sits at 1.3500. A close above 1.3500 might spark a steady upward move. The next stop for the bulls might be near 1.3620. Any more gains could lead the pair toward 1.3650 in the near term.
If there is a fresh decline, initial bid zone on the GBP/USD chart sits at 1.3365. The next major area of interest could be 1.3330, the 50% Fib retracement, and a connecting bullish trend line, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3175.
Market Analysis: GBP/USD Holds Firm, USD/CAD Bulls Target Breakout Move
GBP/USD started a downside correction from 1.3480. USD/CAD is gaining bullish momentum and might clear 1.3880 for more upside.
Important Takeaways for GBP/USD and USD/CAD Analysis Today
Β· The British Pound rallied toward 1.3500 before the bears appeared.
Β· There was a break below a rising channel with support near 1.3410 on the hourly chart of GBP/USD at FXOpen.
Β· USD/CAD is showing positive signs above the 1.3835 pivot zone.
Β· There was a break above a key bearish trend line with resistance at 1.3830 on the hourly chart at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair gained pace for a move toward 1.3300. The British Pound even climbed above 1.3450 before the bears appeared against the US Dollar.
A high was formed at 1.3485, and the pair started a minor downside correction. The pair traded below 1.3440, a rising channel, the 50-hour simple moving average, and the 23.6% Fib retracement level of the upward move from the 1.3176 swing low to the 1.3485 high.
Finally, the bulls appeared near 1.3380, and the pair started a consolidation phase. Immediate hurdle on the upside is near 1.3410 and the 50-hour simple moving average.
The first major resistance is 1.3480. The main sell zone sits at 1.3500. A close above 1.3500 might spark a steady upward move. The next stop for the bulls might be near 1.3620. Any more gains could lead the pair toward 1.3650 in the near term.
If there is a fresh decline, initial bid zone on the GBP/USD chart sits at 1.3365. The next major area of interest could be 1.3330, the 50% Fib retracement, and a connecting bullish trend line, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3175.
π2
β#usdcad #forextrading #marketanalysis
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong base above 1.3800. The US Dollar started a fresh increase above 1.3820 and 1.3850 against the Canadian Dollar.
More importantly, there was a break above a key bearish trend line with resistance at 1.3830. The pair even climbed above the 50% Fib retracement level of the downward move from the 1.3928 swing high to the 1.3799 low.
The pair is now consolidating above the 50-hour simple moving average. If there is another increase, the pair might face hurdles near 1.3880 and the 61.8% Fib retracement.
A clear upside break above 1.3880 could start another steady increase. In the stated case, the pair could test 1.3900. A close above 1.3900 might send the pair toward 1.3930. Any more gains could open the doors for a test of 1.3980.
Initial support is near the 50-hour simple moving average and 1.3835. The next key breakdown zone could be 1.3810. The main hurdle for the bears might be 1.3800 on the same USD/CAD chart.
A downside break below 1.3800 could push the pair further lower. The next key area of interest might be 1.3765, below which the pair might visit 1.3720.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/CAD Technical Analysis
On the hourly chart of USD/CAD at FXOpen, the pair formed a strong base above 1.3800. The US Dollar started a fresh increase above 1.3820 and 1.3850 against the Canadian Dollar.
More importantly, there was a break above a key bearish trend line with resistance at 1.3830. The pair even climbed above the 50% Fib retracement level of the downward move from the 1.3928 swing high to the 1.3799 low.
The pair is now consolidating above the 50-hour simple moving average. If there is another increase, the pair might face hurdles near 1.3880 and the 61.8% Fib retracement.
A clear upside break above 1.3880 could start another steady increase. In the stated case, the pair could test 1.3900. A close above 1.3900 might send the pair toward 1.3930. Any more gains could open the doors for a test of 1.3980.
Initial support is near the 50-hour simple moving average and 1.3835. The next key breakdown zone could be 1.3810. The main hurdle for the bears might be 1.3800 on the same USD/CAD chart.
A downside break below 1.3800 could push the pair further lower. The next key area of interest might be 1.3765, below which the pair might visit 1.3720.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips*. Learn more about trading commodity CFDs with FXOpen. *Additional fees may apply.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. You can find the full disclaimer here: www.fxopen.com
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
π2