Daily Market Analysis By FXOpen

Gold Price Reaches Record High


As shown in the charts, XAU/USD quotations have reached historic peaks today. According to media reports, gold is behaving as a safe haven amid growing uncertainty, which is intensifying as the U.S. government shutdown continues. Meanwhile:
→ Gold prices may rise above $3,950 in the coming days, approaching the psychological level of $4,000. The chart underlines the firm dominance of demand forces.


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.

Algorithmic Trading: Strategies and Trends Ahead


Algorithmic trading uses computer programs to execute strategies aiming to improve speed and precision of the process. Its role can’t be overestimated as traders always seek to reduce manual errors. In this article, we explore how automated trading systems work, their challenges, strategies, and future trends.

What Is Algorithmic Trading?
Algorithmic trading, often referred to as algo-trading or black-box trading, is the automated execution of trading strategies using computer programs. Algorithms use predetermined rules, mathematical models, and data analysis to make trading decisions, eliminating the human factor and emotions. This might help traders to place and execute trades faster and, at times, more accurately. Theoretically, algo-trading can generate trades at a speed and frequency that is impossible for a human trader, and this can potentially lead to reduced trading fees.

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.

Market Insights with Gary Thomson: FOMC Minutes & Powell’s Speech, Canada Jobs, RBNZ Rate Decision


In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for expert insights into financial markets to help you navigate the week ahead. Let’s dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week’s most critical events driving global markets.
Key topics covered in this episode:
— FOMC Minutes and Fed Powell’s Comments
— Canada’s Unemployment Rate
— RBNZ Interest Rate Decision

Gain insights to strengthen your trading knowledge.

Watch YOUTUBE VIDEO

Watch it now and stay updated with FXOpen.
Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.

Disclaimer: This video 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.

Mastering Trading with the Symmetrical Triangle Chart Pattern



Price charts form shapes that hint at the market’s next move, and one of them is the symmetrical triangle. Unlike patterns that clearly point to bullish or bearish outcomes, this formation builds tension as buyers and sellers converge, leaving traders waiting for the breakout. In this article, we will discover how the symmetrical triangle forms, what signals it may provide, and how it can be implemented into a trading strategy.

What Is a Symmetrical Triangle Pattern in Trading?
A symmetrical triangle is a chart pattern that relates to the triangle group, which also includes ascending and descending triangles. It’s a bilateral formation, so it may signal a fall or rise in the price.

Moreover, as with ascending and descending triangles, it can occur in an uptrend and downtrend and reflect a potential trend reversal or continuation. Still, according to the work Technical Analysis of Stock Trends by Robert D. Edwards and John Magee, in 75% of cases, the triangle is a continuation signal. Therefore, it can be assumed that a bullish symmetrical triangle pattern occurs in an uptrend, while a bearish symmetrical triangle pattern appears in a downtrend.

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.

USD/JPY Analysis: Yen Weakens to Two-Month Low


As the USD/JPY chart shows, the Japanese yen has weakened sharply at the start of this week. Trading opened with a bullish gap, and today the exchange rate has risen to ¥150.65 per US dollar.
The yen’s decline followed the recent election, during which Japan’s ruling Liberal Democratic Party elected Sanae Takaichi as its new leader, paving the way for her to become the next prime minister. According to Reuters, Takaichi supports the late former Prime Minister Shinzo Abe’s “Abenomics” strategy, which focuses on stimulating the economy through aggressive spending and ultra-loose monetary policy.


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.

AMD Shares Surge After Partnership Announcement with OpenAI


According to media reports:
→ The deal involves AMD supplying processors of various generations to support the deployment of artificial intelligence infrastructure with a total capacity of 6 gigawatts.
→ The partnership is expected to generate billions in revenue for AMD starting in 2026.
→ Barclays analysts have raised their price target for AMD shares from $200 to $300.
The major announcement fuelled a sharp rally of around 30% in AMD’s share price, though this surge triggered aggressive selling pressure near the historic peak around the $227 level.


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.

What Is the Double Bottom (W) Pattern, and How May Traders Use It?


The double bottom, often called the W pattern, is a chart formation that signals a potential trend reversal. It is the opposite of the double top pattern: while the double top forms in an uptrend, the double bottom develops in a downtrend. Traders sometimes confuse the two, but each has distinct characteristics. Read this article to explore the features of the double bottom and how it might be applied in trading strategies.

What Is a Double Bottom Chart Pattern?
A double bottom, also referred to as a W bottom pattern, is a technical analysis formation indicating a potential reversal from a downtrend to an uptrend. It is widely used by traders to define future price movements.
The pattern consists of two distinct troughs or lows at approximately the same price level, separated by a peak or moderate rally. The confirmation of the W formation occurs when the price breaks above the peak level, known as the neckline. This breakout signals a bullish reversal, indicating that the asset's price is likely to rise.

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.

Market Analysis: Gold Rockets Beyond $4,000, WTI Crude Oil Struggles


Gold price started a fresh surge above $4,000 and traded to a new all-time high. Crude oil is recovering and might rise toward the $63.20 resistance zone.
Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today

 

1. Gold price rallied to a new all-time high and traded above $4,000 against the US Dollar.
2. A key bullish trend line is forming with support at $4,000 on the hourly chart of gold at FXOpen.
3. WTI Crude oil is recovering losses and trading above $61.20.
4. There is a short-term rising channel in place with support at $61.20 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed support near $3,820. The price remained in a bullish zone and started a fresh increase above $3,900, as mentioned in the previous analysis.
The bulls pushed the price above $4,000 level and the 50-hour simple moving average. Finally, it traded to a new all-time high at $4,026. The price is still showing bullish signs above $4,020 and the RSI is above 70.

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.

NZD/USD Rate Drops Sharply After Central Bank Decision



This morning, the Reserve Bank of New Zealand (RBNZ) cut its key interest rate. According to Forex Factory, the Official Cash Rate was reduced by 50 basis points from 3.0% to 2.5%, while most analysts had expected a smaller cut to 2.75%.
Moreover, the RBNZ signalled the prospect of further easing following a recent deterioration in economic data. The decisive move caught traders off guard and led to heightened volatility. As shown on the NZD/USD chart, the New Zealand dollar has fallen to its lowest level against the US dollar since mid-April.
The downward momentum has been reinforced by the strengthening of the US dollar — possibly as investors grow more cautious over a potential government shutdown, prompting them to move into cash.



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.

Yen Weakens as Dollar Holds Steady Ahead of Fed Signals



In the currency markets, the yen continues to lose ground rapidly. The sharp decline began on Monday when the USD/JPY pair opened with a price gap and consolidated above 149. It has since extended its rise, approaching 150.10 — its highest level since August. The move followed Sanae Takaichi’s election as the new leader of Japan’s ruling Liberal Democratic Party, effectively paving her way to the post of prime minister.

Takaichi, known for supporting expansionary fiscal policy, is likely to slow the Bank of Japan’s plans to raise interest rates. This has prompted a reassessment of market expectations: the probability of a rate hike by December has fallen from 68% to 41%.

The USD/CAD pair remains close to key levels, reflecting the consolidation of the US dollar, which has traded without clear direction in recent days. Market sentiment is also being influenced by the looming threat of a US government shutdown, which could delay the release of key macroeconom



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.

XAG/USD Analysis: Silver Price Growth Slows



This morning, we reported that the price of gold has risen above $4,000 for the first time in history. The surge in this safe-haven asset has been driven by political uncertainty in the United States and other countries, as well as sustained demand from central banks.
Against this backdrop, the XAG/USD chart also draws attention, showing that silver prices are following a bullish trend — though not as confidently as gold. Technical analysis provides further important insights.



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.

The Quasimodo Pattern: Definition and Trading Approach


The Quasimodo (QM) pattern is a lesser-known formation that closely resembles the classic Head and Shoulders. While many traders overlook it—or even mistake it for its more popular counterpart—the Quasimodo offers valuable insights for spotting potential reversals. In this article, we explore the definition of the Quasimodo, its mechanics, and trading rules.

What Is Quasimodo (QM) in Forex?
The Quasimodo is a reversal chart pattern forming at the end of a solid trend. It can be spotted on any timeframe of any asset. It means you can find a Quasimodo on forex, stock, and commodity charts. This pattern can be bearish and bullish.

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.

Is It Possible to Find a Best Time to Trade Forex in the UK?


Understanding forex trading hours is important. Operating continuously from Sunday evening to Friday night, the forex market spans different time zones and isn’t tied to a single exchange.
For those based in the UK, recognising the most active forex market trading times might impact results. In this article, we explain the main sessions and explore the forex market hours that may be more attractive for UK traders.

Understanding Forex Market Hours
Understanding currency exchange market hours may be important if you are involved in the global foreign exchange market. Although you may already know this, let us remind you.

The forex market operates on a 24/5 basis, opening during weekdays and closing at weekends. This round-the-clock trading is possible because it’s not tied to a physical location; instead, it relies on a decentralised network of banks, businesses, and individuals exchanging currencies across different time zones.

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.

Euro and Pound Under Pressure as Markets Focus on Upcoming Data


The euro has resumed its decline amid political uncertainty in France, while the pound remains under pressure, following the broader weakness in European currencies. On Monday, the euro fell to its lowest level in more than a week after the surprise resignation of French Prime Minister Sébastien Lecornu, which deepened the country’s political crisis and fuelled bearish sentiment in the options market. The risk reversal indicator — a closely watched gauge of market sentiment — has turned negative, suggesting traders are bracing for further losses. With US trading subdued by the ongoing government shutdown, investor focus has shifted to European developments. In the coming sessions, attention will centre on macroeconomic releases from the eurozone and the United Kingdom, which could set the short-term direction for EUR/USD and GBP/USD.

EUR/USD

After testing and sharply rebounding from 1.1780, EUR/USD buyers lost upward momentum, allowing the price to settle below 1.1700. Yesterday, the pair hit a new September low at 1.1600 but recovered above that level following the release of the FOMC minutes. A firm move below yesterday’s low could pave the way for further declines towards 1.1530–1.1570, while a sustained rise above 1.1700 may revive bullish momentum and lead to a retest of recent highs near 1.1760–1.1780.

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.

Dollar Index (DXY) Rises to Highest Level in Over Two Months


The chart shows the Dollar Index (DXY) trading above the 99-point level today — its highest since early August. The dollar’s strength is supported by the weakening of other currencies:
→ The yen is weakening amid expectations of looser monetary policy. Conservative Sanae Takaichi could become the first female prime minister in Japan’s history, pursuing substantial spending and economic stimulus.
→ The euro remains under pressure amid France’s political crisis. Following the resignation of Prime Minister Sébastien Lecornu’s government, President Emmanuel Macron stated he plans to appoint a new prime minister this week.

Will the Dollar Index continue to rise?


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.

Identifying and Trading the Cypher Harmonic Pattern


Harmonic trading patterns provide traders with structured setups based on Fibonacci ratios. The Cypher, while less frequent than patterns like the Gartley or Bat, may provide strong reversal signals when determined correctly. Trading the Cypher pattern requires both skill in identifying the formation and discipline in following its entry and exit rules. In this article, we’ll explore how to draw the Cypher, interpret its signals and how traders apply it within a disciplined trading framework.

What Is the Cypher Harmonic Pattern?
The Cypher is a type of harmonic pattern used by traders to identify potential buy and sell trades in financial markets. Specifically, it’s used to help find areas where a reversal may occur.
The pattern is made up of five swing points (X, A, B, C, D) and four legs (XA, AB, BC, CD). It’s characterised by an “M” shape when bullish and a “W” shape if bearish. Traders typically place orders at D to catch the potential reversal.

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.

EUR/USD Falls to Two-Month Low


As shown on the EUR/USD chart today, the euro has dropped below 1.1550 against the US dollar — its lowest level since early August. The main driver of pressure on the single currency remains the political crisis in France:
President Emmanuel Macron is currently seeking a candidate for the position of prime minister. The situation is complicated by the fact that:
→ the government needs to quickly approve a rather tight budget reflecting the country’s significant deficit;
→ media reports highlight unrest in the streets;
→ financial market turbulence is intensifying amid uncertainty surrounding the ongoing US government shutdown.


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.

PepsiCo (PEP) Shares Jump Over 4% After Earnings Report — What’s Next?


Yesterday, PepsiCo Inc. (PEP) released its quarterly earnings report, which significantly exceeded expectations:
→ Earnings per share ($2.29) beat estimates of $2.26.
→ Gross revenue ($23.94 billion) also came in above forecasts of $23.94 billion.
According to The Wall Street Journal, PepsiCo will have a new Chief Financial Officer in a month — Steve Schmitt, a senior executive from Walmart. Analysts suggest that this leadership change could give the company a fresh boost, particularly as it continues to face challenges with sales growth, reflected in a months-long downtrend in its share price.


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.

Trump’s Decision Shakes Global Financial Markets


On Friday, 10 October, President Trump made an unexpected statement about the possible introduction of 100% tariffs on Chinese goods, triggering sharp price swings across global markets:
→ Stock markets: The S&P 500 index (US SPX 500 mini on FXOpen) tumbled by more than 3%, hitting its lowest level in over a month.
→ Currency markets: The US dollar slumped sharply against other major currencies.
→ Cryptocurrency markets: Bitcoin plunged from above $125k to below $110k, while other digital assets followed suit, leading to the largest long-position liquidation in history.

However, on Sunday, Donald Trump softened his tone on Truth Social, suggesting that trade relations with Beijing “will be absolutely fine”. Vice President JD Vance echoed this sentiment, adding that the United States is ready for talks if China is “prepared to act reasonably”.
This shift in rhetoric from US officials helped markets recover, with the S&P 500 index (US SPX 500 mini on FXOpen) rebounding sharply at Monday’s open, reclaiming much of Friday’s losses.


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.

XTI/USD Chart Analysis: Oil Price Falls Below $60


Friday’s comments from President Trump about the potential introduction of 100% tariffs on trade with China pushed WTI crude oil below the $60 level for the first time in four months. The bearish sentiment stemmed from fears of a global economic slowdown amid escalating trade tensions between the world’s two largest economies.
The decline was further supported by news of peace efforts in the Middle East, which reduced the impact of geopolitical risk on oil prices.
As the XTI/USD chart shows, WTI is currently trading below $60. How might the situation unfold next?


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.