Daily Market Analysis By FXOpen

Market Analysis: GBP/USD Gains Strength While EUR/GBP Recovers



GBP/USD is attempting a fresh increase from the 1.2600 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8300 zone.
Important Takeaways for GBP/USD and EUR/GBP Analysis Today

 

1. The British Pound is attempting a decent increase above the 1.2620 zone against the US Dollar.
2. There is a connecting bullish trend line forming with support at 1.2625 on the hourly chart of GBP/USD at FXOpen.
3. EUR/GBP started a fresh increase above the 0.8285 resistance zone.
4. There is a major bullish trend line forming with support at 0.8300 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair started a downside correction from the 1.2690 zone. The British Pound traded below the 1.2650 zone against the US Dollar.
A low was formed near 1.2605 and the pair is now attempting a recovery wave. There was a break above the 50% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low.

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USD/CHF Rebounds from Yearly Low



As shown in the USD/CHF chart, the exchange rate dipped below 0.89250 Swiss francs per US dollar yesterday—the lowest level since December 2024. The Swiss franc, often seen as a safe-haven currency, may gain appeal due to:
→ heightened geopolitical tensions;
→ uncertainty surrounding Trump's plans to impose trade tariffs on 4 March.



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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.

European Currencies Continue to Rise



The German elections last Sunday and the postponement of US tariffs on the European Union have contributed to a full-fledged upward correction in EUR/USD, GBP/USD, and USD/CHF. The GBP/USD currency pair tested 1.2700, EUR/USD briefly traded above 1.0500, and USD/CHF sellers broke key support at 0.9000.

EUR/USD

According to technical analysis, EUR/USD is showing the completion of several bullish reversal patterns formed back in January. At present, the price is trading within the key range of 1.0540–1.0520. If EUR/USD buyers manage to hold the price above this level, the pair could continue its rise towards 1.0630–1.0590. A break below 1.0500 may lead to a retest of 1.0450–1.0400.

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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.

Tesla (TSLA) Share Price Drops by Over 8%



The Tesla stock chart today paints a grim picture for investors, as TSLA's price during trading on 25 February:
→ fell by more than 8% in a single day;
→ dropped below the psychologically significant $300 per share mark for the first time since early November 2024 (despite nearing $500 in late December 2024).
Why Tesla (TSLA) Shares Have Fallen
Tesla’s sales in Europe fell by 45% in January compared to the same period last year, even as overall EV sales in Europe grew by 37%.
This sharp drop in European sales has heightened concerns that CEO Elon Musk’s political activities are negatively affecting the company’s business.



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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.

Seasonal Trends of the Foreign Exchange Market



Certain established seasonal trends can influence the direction of various currencies at specific times of the year. In this article, we will discuss the concept of seasonal trends in the forex market, explore some common patterns, and discuss the factors that drive these trends.

What Are Seasonal Trends in Forex?
Understanding seasonal forex trends can be valuable for traders, as it provides insights into when specific currencies may strengthen or weaken or when higher or lower market activity is to be expected.

Seasonal trends refer to recurring patterns that manifest during certain times of the year. These patterns are not random but rather the result of various economic, geopolitical, and cultural factors coming into play. Therefore, we can conclude they are a product of market behaviour that repeats itself annually.
Seasonal trends in the forex market are shaped by a combination of economic, behavioural, and cultural factors. Major economic indicators are typically scheduled on specific dates of the year, and the expectations of their release can shape market sentiment. Regulatory tax requirements and cultural events like holidays can have an impact on currency trading as well, introducing uncertainty into the forex market and leading to seasonal trends.

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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.

Nvidia (NVDA) Share Price Dips Slightly After Earnings Report



Following the close of the main trading session yesterday, Nvidia released its quarterly earnings report, exceeding analysts' expectations:
→ Earnings per share: Actual = $0.89, Expected = $0.84
→ Revenue: Actual = $39.3 billion, Expected = $38.1 billion (a 78% increase year-on-year)
It was also revealed that Nvidia’s latest AI chip family, Blackwell, generated $11 billion in sales for the quarter. This eased concerns that transitioning to the Blackwell chip series could lead to a decline in revenue.

How Nvidia (NVDA) Shares Reacted to the Earnings Report
Despite the strong earnings, Nvidia’s share price did not benefit significantly. Post-market trading saw heightened volatility, with NVDA shares fluctuating between $126 and $136 in the first few minutes after the report’s release.
As volatility subsided, NVDA stabilised around $129, slightly below Wednesday’s closing price of $131.37, reflecting a decline of approximately 1.7%.



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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.

Gold Price Drops Towards Key Support Zone



As shown on the XAU/USD chart, the price of gold per ounce has already fallen by more than 1% today. This bearish sentiment may be driven by:
→ A strengthening US dollar, influenced by President Trump’s plans to impose international trade tariffs.
→ Market positioning ahead of key US economic data releases, including GDP growth figures and the Core PCE Price Index.
→ A sharp decline in China’s gold imports via Hong Kong—the country’s main gateway for bullion purchases—which fell to a near three-year low in January.



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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.

Yen and Commodity Currencies Testing Key Levels



News regarding the end of the tariff delay for Canada and the announcement of 25% tariffs on cars and other goods from the EU have interrupted the downward correction of the USD. Yesterday, several major currency pairs saw both tests of recent extremes and the formation of reversal patterns.

USD/CAD

In the USD/CAD pair, the price has returned to the old range between 1.4500–1.4300, where it traded at the beginning of the year. After Donald Trump's inauguration and news of possible tariffs on Mexico and Canada, USD/CAD surged to 1.4800. Earlier this month, an agreement was reached for a 30-day tariff delay, causing the pair to lose more than 500 pips.
Currently, USD/CAD is trading above 1.4300. If buyers manage to hold the price above this level, a test of 1.4400–1.4470 may occur in the coming sessions.

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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.

Using the Economic Calendar for Market Forecasting



The dynamic world of forex trading requires staying ahead of market movements. Traders rely on various tools and strategies to make informed decisions, and one tool that holds immense importance is the economic calendar. In this article, we will discuss the specifics of utilising the economic calendar for market analysis.

Key Economic Indicators

Using the economic calendar and understanding the major indicators provides traders with a comprehensive overview of an economy's health.
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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.

Nasdaq 100 Hits Yearly Low, Led by NVDA Decline


The Nasdaq 100 (US Tech 100 mini on FXOpen) has fallen below 20,500 for the first time since November 2024.
Bearish sentiment driven by:
→ The latest US jobless claims report, which showed the highest figures of 2025.
→ Concerns over the destabilising and economically damaging potential of Donald Trump’s trade policies.
Nvidia (NVDA) Among the Biggest Losers
While the Nasdaq 100 lost over 2.5% in yesterday’s session, Nvidia (NVDA) shares plunged nearly 8% despite a stronger-than-expected quarterly report, as we noted yesterday.

Technical Analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen)
The ongoing decline has resulted in a bearish breakout of the trendline (marked in blue) that originated in 2024. Based on key reversals (highlighted with red circles), the chart now outlines a descending channel. An attempted breakout (indicated by an arrow) failed, forming a bearish Rounding Top pattern.



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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.

Trump’s Tariff Threat: USD/CAD Hits Three-Week High



As we reported on 3 February, Trump’s tariffs pushed USD/CAD to a 22-year high.
However, a one-month tariff delay led to a sharp drop, sending USD/CAD to its 2025 low near 1.41550. As the end of the delay approaches, the pair has been climbing again since mid-February (as shown by the arrow).
Yesterday, President Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will take effect on 4 March. This dashed hopes for another delay and triggered a breakout above the 1.43600 resistance level.




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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.

What Is SMT Divergence and How Can You Use It in Trading?



SMT divergence, or Smart Money Technique divergence, is a concept used by traders to analyse imbalances in correlated markets. By identifying when price movements deviate between related instruments, traders can uncover potential shifts in market momentum, often linked to institutional activity. This article explores what SMT divergence is, how SMT divergence trading works, and its practical applications.

What Is SMT Divergence?
SMT divergence, short for Smart Money Technique divergence, refers to a specific type of price discrepancy between two correlated financial instruments. Part of the Inner Circle Trader (ICT) methodology, this divergence is often interpreted as a sign of institutional or "smart money" activity, as it highlights potential inefficiencies or imbalances in the market.

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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.

Market Analysis: Gold Price Corrects Gains While Oil Price Eyes Recovery



Gold price rallied above $2,920 before correcting lower. Crude oil price is recovering and it could climb further higher toward the $71.80 resistance.
Important Takeaways for Gold and Oil Prices Analysis Today
· Gold price rallied significantly above $2,900 and recently corrected lower against the US Dollar.
· A key bearish trend line is forming with resistance at $2,870 on the hourly chart of gold at FXOpen.
· Crude oil prices are moving higher above the $68.90 resistance zone.
· There is a connecting bullish trend line forming with support at $69.50 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 the $2,900 resistance, as mentioned in the previous analysis. The price even broke the $2,940 level before the bears appeared.
The price traded close to the $2,960 zone before there was a downside correction. There was a move below the $2,900 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 50. Finally, it tested the $2,830 zone.

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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.

Market Insights with Gary Thomson: ECB Rates, US NFP, Canada’s Unemployment Rate, Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!


In this episode, we discuss:
- ECB Interest Rate Decision
- US Nonfarm Payrolls and Unemployment Rate
- Unemployment Rate in Canada
- Corporate Earnings Statements
Don’t miss out—gain insights to stay ahead in your trading journey.

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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.

Nasdaq 100 Analysis: February Pushes Index Below January’s Opening Price



The Nasdaq 100 (US Tech 100 mini on FXOpen) chart shows:
→ January’s opening price was around 21,085.
→ February’s closing price was around 20,867.
This marks a 1% decline since the start of the year.
A report from Goldman Sachs, published on Friday, reinforces bearish sentiment, stating that global hedge funds sold more stocks than they bought at the end of February—the largest net selling in a year, according to Reuters.
Possible reasons for market pessimism:
→ AI-related stocks may be highly overbought. For instance, the "Magnificent Seven" tech stocks have underperformed the broader market in 2025.
→ Trump’s tariff policies on global trade could have negative economic consequences.



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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.

What Is the Advance-Decline (A/D) Line, and How Can You Use It in Trading?



The Advance-Decline (A/D) Line is a widely used market breadth indicator that provides insights into the strength of trends by tracking advancing and declining stocks. Popular among traders analysing indices like the NASDAQ, it helps identify broad participation or hidden divergences. This article explores how this indicator works and its role in effective market analysis.

What Is the Advance-Decline Line?
The Advance-Decline (A/D) line, also known as the Advance-Decline Index, is a popular market breadth indicator used to gauge the overall health of a market's movement. Instead of focusing solely on price changes in an index, it analyses how many stocks are participating in the market's rise or fall. This makes it particularly useful for traders looking to understand whether a trend is supported by widespread participation or driven by just a handful of stocks.

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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.

Nvidia (NVDA) Stock Hits New Yearly Low



The NVDA stock chart shows that during yesterday’s trading session, the price dropped to $112.16, marking:
→ A new low for 2025, surpassing the previous bottom set on 3 February.
→ The lowest price in nearly five months.

Why Is Nvidia (NVDA) Stock Falling?
Bearish sentiment may be driven by:
→ A Wall Street Journal report stating that Chinese companies can still access Nvidia’s latest Blackwell chip despite Biden-era restrictions. Investors may fear tighter regulations, as the U.S. aims to limit technological advancements for geopolitical rivals.
→ The impact of Trump’s trade tariffs, which continue to disrupt global markets.




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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.

Brent Crude Price Breaks Key Support Level



Today, Brent crude is sliding towards the psychological $70 per barrel mark, with the XBR/USD chart showing a break below a key support level (marked in blue) that had been holding since autumn last year.

Why Is Brent Crude Falling?
The bearish sentiment in the market is driven by OPEC+’s decision to increase oil production, contrary to analysts’ expectations that existing output cuts—designed to support prices—would remain in place.
According to the Wall Street Journal, analysts now predict:
→ Oil production will rise by 137,000 barrels per day from April 2025 to September 2026.
→ Brent crude may drop below $70 per barrel.



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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.

Fibonacci Retracement Strategies



Fibonacci retracements are a cornerstone in the toolkit of many traders, offering a mathematical approach to identifying potential areas where reversals may occur. This article delves into the intricacies of using Fibonacci retracements, covering everything from basic understanding to strategies involving other indicators. Read on to gain insights into how to effectively incorporate these levels into your trading strategy.

What Are Fibonacci Retracements?
Fibonacci retracements are a popular technical analysis tool used to identify potential support and resistance levels on a chart. Developed around the concept of the Fibonacci sequence—a series of numbers where each number is the sum of the two preceding ones—the Fibonacci indicator applies this mathematical formula to financial markets.

Key retracement levels are often considered at 38.2%, 50%, and 61.8% of a price move. The 61.8% level, in particular, is frequently referred to as the Fibonacci retracement golden ratio, owing to its significance in both nature and financial markets. Traders commonly use these areas to anticipate where the price may reverse, thus providing strategic entry and exit points.

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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.

Market Analysis: EUR/USD Rallies While USD/CHF Dips Further



EUR/USD started a fresh increase above the 1.0550 resistance. USD/CHF declined and now struggling below the 0.8950 resistance.

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

 

1. The Euro started a decent recovery wave from the 1.0360 zone against the US Dollar.
2. There is a connecting bullish trend line forming with support near 1.0570 on the hourly chart of EUR/USD at FXOpen.
3. USD/CHF declined below the 0.8975 and 0.8950 support levels.
4. There is a short-term contracting triangle forming with resistance near 0.8910 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.0360 zone. The Euro cleared the 1.0450 resistance to move into a bullish zone against the US Dollar, as mentioned in the last analysis.

The bulls pushed the pair above the 50-hour simple moving average and 1.0550. Finally, the pair tested the 1.0635 resistance. A high was formed near 1.0637 and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward wave from the 1.0359 swing low to the 1.0637 high.

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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.