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Market Analysis: Gold Price Takes Hit While WTI Crude Oil Eyes Upsides
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Gold price is declining below the $2,700 support zone. Crude oil price is rising and it could climb further higher toward the $75.00 resistance.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

  • Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
  • There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
  • WTI Crude oil prices are moving higher above the $70.00 resistance zone.
  • There is a key bullish trend line forming with support near $70.90 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis
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On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared.

The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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How Do Traders Identify Overbought and Oversold Stocks?
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Identifying overbought and oversold stocks is a key part of technical analysis for traders. These conditions occur when a market’s price moves to extremes—either too high or too low—compared to its recent performance. By recognising these signals, traders can spot potential turning points in the market. This article explores what overbought and oversold stocks are, how to find them using technical indicators, and the risks involved in trading them.

What Is an Oversold Stock?

Oversold stocks are those that have experienced a significant price decline, often beyond what might seem reasonable based on their underlying value. This often happens when market sentiment is overly negative, even if the company’s fundamentals remain solid.

Several factors can lead to a stock becoming oversold. For instance, bad news about a company, such as a missed earnings report or legal troubles, can cause investors to sell off shares quickly. Broader market events, like economic downturns or changes in industry regulations, can also drive prices down across the board. Sometimes, even strong stocks get caught up in these waves of negativity.

TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

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Dollar Declines Following Fed Rate Decision
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The recent rally of the U.S. dollar, observed during the U.S. election results, has slightly slowed after yesterday's Federal Reserve meeting. As anticipated by analysts, the Fed lowered the base interest rate by 25 basis points, from 5.00% to 4.75%. In their accompanying statement, Fed officials highlighted robust economic activity and improvements in labour market conditions. Following these comments, the dollar initially declined but attempted to recover its lost ground a few hours after the Fed meeting.

USD/JPY
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Technical analysis of the USD/JPY pair suggests the possibility of a deeper downward correction, as a "bearish harami" pattern has formed on the daily timeframe. The initial target range for this retracement is 152.70–152.00. If the price consolidates below 152.00, the pair may test recent lows in the 151.30–150.00 range. However, a return to upward movement could occur if the price confidently re-establishes itself above 154.80.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Tesla (TSLA) Stock Surges Following Trump’s Election Win
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According to the TSLA chart:
→ Tesla shares opened this week at $244.25.
→ By yesterday’s close, the stock had reached $296.52.

This reflects a gain of over 21% for the week, with the major boost occurring on 6 November, as news broke of Trump’s U.S. presidential victory—a candidate supported by Tesla’s CEO, Elon Musk.

As CNBC reports:
→ Musk reportedly invested at least $130 million into Trump’s campaign, lending his support as a significant effort in recent months.
→ The president-elect has pledged to roll back regulations that Musk opposes, leading Wall Street to bet on potential advantages for Tesla under the new administration.

Back on 24 October, after Tesla’s earnings report, we noted:
→ Since May, the price has been fluctuating within an upward channel (shown in blue), with the lower boundary acting as a strong support level.
→ The bullish momentum after the earnings release indicated a failed attempt by bears to break this lower boundary (shown with a red arrow).
→ Bulls might continue driving TSLA's price within this channel, aiming to breach the key resistance at $260.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Fed Cuts Rate by 0.25%; Stocks Reach Highs
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Yesterday, the Federal Reserve announced a unanimous decision to lower the interest rate from 4.75% to 4.50%, marking the second consecutive cut—a move in line with analyst expectations and forecasts.

“This move will support further progress in controlling inflation as we aim for a more neutral stance over time,” said Fed Chair Jerome Powell.

According to Bloomberg, this decision aligns with the Fed’s efforts to support robust U.S. economic growth, creating positive sentiment for stock indices as newly re-elected President Donald Trump is expected to introduce economic stimulus measures.

However, could tensions arise between the new administration and the Fed? Trump has a record of publicly criticizing Powell and even considered dismissing him during his first term. At a press conference yesterday, Powell was asked if he would step down if requested by Trump, to which he replied decisively, “No.” He added that the removal or demotion of Fed board members, including himself, is “not legally permissible.” Powell emphasized that the U.S. election results would have "no effect" on the Fed’s decisions in the near term.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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How to Measure the Trend Strength with the Average Directional Index?
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While identifying the direction of a trend is important, knowing how strong that trend is can provide an additional edge. This is where the average directional index (ADX) comes into play. The ADX is a technical analysis tool that helps traders gauge the strength of a trend, regardless of whether the market is moving up or down. In this article, we'll explore what the ADX indicator is, and how to use it to measure trend strength, enhance your trading strategies, and make more confident trades.

What Is an Average Directional Index?

ADX, the average directional index or average directional movement index, is a technical tool developed by J. Welles Wilder in the 1970s to measure the strength of a trend. It ranges from 0 to 100, with higher values indicating a stronger trend and lower values signalling a weaker one. Unlike many technical analysis tools that focus on the direction of price movement, the ADX focuses solely on the trend's intensity. It works in conjunction with two other lines, the positive directional indicator (+DI) and negative directional indicator (-DI), to provide a more complete picture of market dynamics. A rising ADX suggests increasing trend strength, while a falling one may indicate weakening momentum.

TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

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Market Analysis: Gold Price Takes Hit While WTI Crude Oil Eyes Upsides
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Gold price is declining below the $2,700 support zone. Crude oil price is rising and it could climb further higher toward the $75.00 resistance.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

  • Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
  • There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
  • WTI Crude oil prices are moving higher above the $70.00 resistance zone.
  • There is a key bullish trend line forming with support near $70.90 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis
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On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared.

The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Coinbase (COIN) Stock Rises Approximately 18% in Two Days
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On 15 October, in our analysis of Coinbase (COIN) stock:
→ we established a long-term upward channel (shown in blue),
→ speculating that bulls were aiming to renew the trend from its lower boundary.

Then, on 30 October, Coinbase released its Q3 performance report to investors. Results fell short of expectations, leading to a decline in COIN’s price (indicated by a red arrow).

Despite this, today COIN’s stock price is providing investors with renewed optimism as it approaches its record high, currently around the $282.00 mark.

In this move, the price broke through:
→ the $220 resistance level,
→ a red trendline shown on the chart.

Key drivers of COIN's recent price increase:
→ the Fed's interest rate cut,
→ Trump’s election win, which market participants view as a positive signal.

What lies ahead?

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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GBP/USD Chart Analysis: Bears Apply Pressure to Key Support
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According to ICE data, the U.S. Dollar Index futures have reached highs last seen in early July 2024. The dollar’s strength is attributed, in part, to anticipated economic stimulus measures outlined by the newly elected President Donald Trump during his campaign.

This has put pressure on other currencies paired with the dollar. Currently, the British pound is trading near 1.28400, close to a three-month low.

Today’s technical analysis of the 4-hour GBP/USD chart reveals:
→ long-term price fluctuations have shaped an upward channel since May;
→ the pair is near a key support level at the lower boundary of this channel;
→ a downtrend channel (in red) has formed since early October, highlighting recent bearish control; → the ATR indicator is at an annual high, indicating heightened volatility.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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What Is Quantitative Tightening and How Does It Work in Financial Markets?
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Quantitative tightening (QT) is a critical tool central banks use to control inflation by reducing the money supply. In this article, we’ll break down how QT works, its impact on financial markets, and how it influences the broader economy. Read on to learn more about the effects of QT and how it shapes markets.

What Is Quantitative Tightening?

Quantitative tightening (QT) is a type of tightening monetary policy that central banks use to reduce the amount of money circulating in the economy.

When central banks like the USA’s Federal Reserve or European Central Bank engage in QT, they aim to tighten liquidity by reducing their balance sheets, typically by allowing bonds or other financial assets to mature without reinvestment or selling them outright. QT is a practice often used alongside hiking central bank interest rates, though not always.

TO VIEW THE FULL ARTICLE, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

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Market Analysis: EUR/USD Dips Further While USD/CHF Turns Green
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EUR/USD extended losses and traded below the 1.0775 support. USD/CHF is rising and might aim a move toward the 0.8850 resistance.

Important Takeaways for EUR/USD and USD/CHF Analysis Today

  • The Euro struggled to clear the 1.0935 resistance and declined against the US Dollar.
  • There is a key bearish trend line forming with resistance at 1.0680 on the hourly chart of EUR/USD at FXOpen.
  • USD/CHF is showing positive signs above the 0.8745 pivot zone.
  • There was a break above a short-term bullish continuation pattern with resistance at 0.8770 on the hourly chart at FXOpen.

EUR/USD Technical Analysis
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On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0935 resistance. The Euro started a fresh decline below the 1.0825 support against the US Dollar, as mentioned in the previous analysis.

The pair declined below the 1.0775 support and the 50-hour simple moving average. Finally, the pair tested the 1.0630 level. A low was formed at 1.0628 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Amazon Stock (AMZN) Holds Above $200

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On Thursday, October 31, Amazon released its Q3 earnings report:
→ Earnings per share: actual = $1.43, forecast = $1.14;
→ Gross sales: actual = $158.8 billion, forecast = $157.2 billion.

The report exceeded analyst expectations, with additional optimism driven by Trump’s victory and a Fed rate cut, pushing Amazon’s stock price past the psychological $200 mark and reaching a new high above $210.

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Today, Amazon’s stock chart shows the price beginning to round off (indicated by an arrow). Does this signal the end of the bullish trend?

Unlikely, given the strong fundamental support. In technical terms, it may be more accurate to consider the price’s vulnerability to a correction, especially as it sits near the upper boundary of an ascending channel.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

Edited by Resolve
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All-Time Low and All-Time High Trading Strategies
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In the volatile world of trading, mastering all-time high trading strategies and understanding how to navigate all-time lows are key. This FXOpen article delves into the nuanced tactics and insights that may help you navigate the peaks and troughs of market conditions, offering comprehensive insights if you are looking to leverage these critical areas for trading opportunities.

Understanding All-Time High and All-Time Low Market Conditions

Understanding the dynamics of all-time high and all-time low market conditions is crucial for traders aiming to navigate these pivotal points effectively.

All-time low trading refers to the scenario where an asset has reached its lowest price level in history, often triggering a heightened interest among investors looking for undervalued opportunities or signalling a potential reversal point. Conversely, all-time high trading occurs when assets are trading at their highest historical prices, indicating strong market optimism or potentially overvalued conditions ripe for a correction.

These extremes in market conditions represent significant psychological thresholds for the market participants, as they may lead to increased volatility and liquidity. Traders scrutinise trading at all-time lows to identify the potential for recovery, while those at all-time highs are monitored for signs of sustained momentum or impending pullbacks.

TO VIEW THE FULL ARTICLE, VISIT THE FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

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Euro Hits Yearly Lows, Pound Dips Below 1.2800
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Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump's victory in the U.S. presidential election and are starting to prepare for changes to the global economic landscape. Among the new president’s campaign promises was the introduction of additional tariffs on imports to the U.S. For instance, Trump has proposed around a 25% tariff on Mexican imports and a range of 10% to 20% for goods from European nations. Unsurprisingly, the prospect of potential trade wars is impacting the pricing of pairs such as EUR/USD and GBP/USD.

EUR/USD
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The Euro has been in decline for the second consecutive week. Yesterday, it hit a new yearly low near 1.0600 but found support at 1.0590, bouncing slightly. If the 1.0600-1.0580 range turns into resistance, the pair may test the lows seen in 2023, around 1.0520-1.0460. A sustained upward move is likely only if the pair firmly clears 1.0730-1.0680.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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XAU/USD Analysis: Gold Price Drops to $2,600 per Ounce
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On November 4, when gold was trading around $2,750, we observed bearish signals on the XAU/USD chart.

Since then, the price has declined to the $2,600 level, briefly dipping below it — the lowest price since mid-September.

According to Trading Economics, investors may be losing interest in gold for several reasons:

→ Strong U.S. Dollar: A robust dollar reduces gold's appeal as a safe-haven asset.

→ Optimism Following Trump’s Election: Market participants are reacting to Trump’s fiscal and monetary policy pledges, shifting toward riskier assets.

→ Upcoming Key U.S. Inflation Data: The CPI data, expected today at 16:30 GMT+3, may reveal no unexpected negative trends.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Nvidia (NVDA) Shares Consolidating Below $150
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On October 22, while analysing Nvidia (NVDA) stock charts, we noted:

→ The stock had reached the $140 level;
→ A long-term ascending channel (shown in blue) was mapped;
→ Potential for price growth along the Quarter Line was suggested, dividing the lower half of the channel.

Bullish sentiment remains around Nvidia, one of the leading stocks of 2024, with the price now just below the $150 psychological mark about 29 days later. Nvidia’s technical analysis reveals that:

→ Price fluctuations are narrowing, forming a tightening triangle (illustrated with black lines), which may suggest consolidation as bulls hesitate before challenging a significant level;

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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What Are the Inner Circle Trading Concepts?
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Inner Circle Trading (ICT) offers a sophisticated lens through which traders can view and interpret market movements, providing traders with insights that go beyond conventional technical analysis. This article explores key ICT concepts, aiming to equip traders with a thorough understanding of how these insights can be applied to enhance their trading decisions.

Introduction to the Inner Circle Trading Methodology

Inner Circle Trading (ICT) methodology is a sophisticated approach to financial markets that zeroes in on the behaviours of large institutional traders. Unlike conventional trading methods, ICT is not merely about recognising patterns in price movements but involves understanding the intentions behind those movements. It is part of the broader Smart Money Concept (SMC), which analyses how major players influence the market.

TO VIEW THE FULL ARTICLE, VISIT THE FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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.

RISK WARNING: Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members. Clients should make an independent judgement as to whether trading is appropriate for them in the light of their financial condition, investment experience, risk tolerance and other factors.

Edited by Resolve
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S&P 500 Index Stabilises Near Resistance Block
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The ATR indicator on the S&P 500’s 4-hour chart (US SPX 500 mini on FXOpen) currently shows a reduction in price volatility.

This drop in volatility can likely be attributed to:
→ The market having fully absorbed the impact of Trump’s recent presidential win;
→ No unexpected news from yesterday’s CPI report, which matched analysts’ inflation expectations.

Looking ahead, Morgan Stanley analysts believe the bull market could face challenges from:

→ A rise in treasury bond yields, potentially diverting investor funds;
→ A strengthening dollar, which could reduce export revenues for large companies;
→ Indicators suggesting stock valuations are becoming even more stretched.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Commodity Currencies Reach New Lows
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The rally in Bitcoin, meme coins, and the US dollar that followed Donald Trump’s presidential victory continues to gain momentum. The tariff cuts announced by the new president-elect have already contributed to declines in gold and commodity prices. Combined with the potential for heightened trade tensions with China, the current environment is pressuring currencies such as the AUD and CAD.

USD/CAD
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Yesterday, USD/CAD buyers managed to test the psychological resistance level at 1.4000. The pair has long traded within the range of 1.3960–1.3800, but it has recently broken above this channel to reach a two-year high at 1.3960. Technical analysis points to the potential for further gains towards 1.4200–1.4300, provided the 1.4000–1.3960 levels hold as support. A downward correction, however, could bring the pair back to 1.3960–1.3900.

Key events likely to impact USD/CAD pricing today include:

    At 16:30 (GMT +3:00): US Initial Jobless Claims.
    At 16:30 (GMT +3:00): US Producer Price Index (PPI) for October.
    At 19:00 (GMT +3:00): Weekly US crude oil inventory report.

TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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Alibaba (BABA) Shares Drop Ahead of Earnings Report
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Tomorrow, on 15 November, Alibaba (BABA) will release its third-quarter 2024 earnings report. Analysts forecast a drop in earnings per share to $2.11 from $2.26 in the previous quarter.

Ahead of the report, Alibaba's share price has shown a downward trend, with a decline of over 20% from its October high. This drop is attributed not only to the waning of the strong bullish momentum seen in the Chinese stock market in September but also to increased competition from Temu and Pinduoduo. However, JP Morgan analyst Alex Yao predicts that "Alibaba will stabilise its market share in the coming years," potentially supporting its position as China's largest supplier.

A technical analysis of Alibaba’s (BABA) price chart reveals that:
→ this autumn, the stock price broke above a multi-year descending trend line (in red);
→ signs of support lines and pivot points suggest an emerging upward channel that could gain relevance in the long term following the breakout.

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TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG

Disclaimer: This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). 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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