Daily Market Analysis By FXOpen

Nasdaq 100 Analysis: Index Reaches an All-Time High


As the chart shows, trading in the Nasdaq 100 (US Tech 100 mini on FXOpen) opened with a bullish gap today, with the price rising above the 25,600 mark for the first time in history.
The upbeat sentiment is being driven by:
→ expectations of a potential interest rate cut, with the Federal Reserve’s decision due on Wednesday;
→ the upcoming meeting between Chinese and U.S. leaders, where the presidents may announce a new trade agreement;
→ anticipation of quarterly earnings reports from major tech firms – Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Meta Platforms (META) are all set to release results this week.


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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.

The ABCD Trading Pattern: Spotting Market Reversal


The ABCD trading pattern is a popular harmonic formation used by traders across forex, stock, and commodity markets. Understanding how this pattern develops may help traders anticipate price movements and build their entry strategy. Let’s explore the structure of the ABCD pattern, its Fibonacci ratios, and how traders apply it to trading.

What Is an ABCD Pattern?
The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. The ABCD comprises two legs, AB and CD, and one retracement, BC, with D as an entry point.

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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: US and Canada Rate Decisions, Earnings Reports & Trade Tensions


In this video, we’ll explore the key economic events and market trends, shaping the financial landscape. Get ready for 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:
— US Interest Rate Decision
— Canada Interest Rate Decision
— Corporate Earnings Reports
— Trade Tensions
Gain insights to strengthen your trading knowledge.
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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.

USD/JPY Declines Amid Trump’s Visit to Japan


The Japanese yen strengthened on Monday, pushing the USD/JPY pair below the ¥152 mark. The move can be seen as a market reaction to U.S. President Donald Trump’s visit to Japan, where he met with the newly elected Prime Minister, Sanae Takaichi.
During the visit, the two leaders proclaimed a “new golden era” in U.S.–Japan relations and signed:
→ an official trade agreement introducing a 15% tariff on Japanese exports;
→ a deal on the supply of rare earth metals.
According to several media reports, Sanae Takaichi plans to nominate Donald Trump for the Nobel Peace Prize and invest around $550 billion in the U.S. economy.


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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 Extends Its Decline Below the $4,000 Level


As the chart shows, the XAU/USD quote has fallen below $3,945 today — its lowest level since 6 October. The downward momentum is being driven by traders’ caution ahead of two key events:
→ the U.S. Federal Reserve’s upcoming interest rate decision;
→ the meeting between U.S. and Chinese leaders, which could help ease tensions between the world’s two largest economies.
Technical Analysis of the XAU/USD Chart
The ascending channel (shown in blue) illustrates gold’s remarkable rally from the 20 August low (point A):
→ throughout September, the median line acted as strong support;
→ the peak at point B coincided with the upper boundary of the channel;
→ the QH line — dividing the upper half into quarters — alternated between resistance and support.


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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.

Trading the Double Top Pattern: Structure, Signals, and Strategy


The double top is a classic technical analysis pattern that often signals a potential trend reversal after a strong uptrend. It can be identified across all timeframes and asset classes. However, interpreting it correctly requires precision. In this article, we will explain how to identify a double top setup and how traders apply it to trading strategies.

What Is a Double Top Pattern?
In technical analysis, a double top pattern meaning refers to a chart pattern that consists of two swing highs with a trough in between, and the two highs should be at the same or almost the same level. Some traders confuse a double top with a double bottom formation. Therefore, the question “Is the double top bullish or bearish?” is common. The double top pattern appears at the end of an uptrend, and it’s always bearish. Conversely, the double bottom setup occurs at the end of a downtrend, and it’s always bullish.

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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.

Heikin Ashi Charts: What They Are and How May They Be Used


Heikin Ashi Candles Explained
What are Heikin Ashi candles? This charting technique was created by Japanese merchant Munehisa Homma in the 1700s to track commodity prices, although it is now used to analyse other types of assets.
Heikin means “average” or “balance” in Japanese, and Ashi means “bar” or “foot.” The technique modifies a standard candlestick chart to use two-period averages in calculating each candle. This smooths out the data to filter out noise, which is expected to help traders identify market trends and reversals, although it also hides gaps and some of the price information.
Traders may use Heikin Ashi chart analysis to support them when deciding whether to open a trade or exit ahead of a reversal. They can adjust their positions based on this information by placing take-profit and stop-loss orders.

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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.

Australian Dollar Rises Above $0.660


According to the AUD/USD chart today, the Australian dollar has climbed to its highest level in three weeks. The currency’s strength stems from the following factors:
→ Australia’s monthly consumer price index (CPI) came in stronger than expected. According to Forex Factory, annual inflation reached 3.5%, compared with analysts’ forecasts of 3.1%. This marks the highest reading since July 2024, pointing to renewed inflationary pressure.
→ As a result, traders have significantly reduced bets on further monetary easing. Data from Trading Economics shows that the probability of the Reserve Bank of Australia keeping its interest rate unchanged at 3.6% at its 4 November meeting is now close to 90%.


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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 Holds Weak, USD/CHF Retreats From Highs


EUR/USD started a downside correction from 1.1665. USD/CHF failed to clear 0.8000 and recently started a downside correction.
Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro seems to be facing strong resistance at 1.1665 against the US Dollar.
- There is a bullish trend line forming with support at 1.1635 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF is correcting gains below 0.7960 and 0.7950.
- There is a declining channel or a bullish flag pattern forming with resistance at 0.7950 on the hourly chart at FXOpen.
EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair gained pace for a move above 1.1635. The Euro tested 1.1665 and recently corrected gains against the US Dollar.
The pair dipped below 1.1645, the 50-hour simple moving average, and the 23.6% Fib retracement level of the upward move from the 1.1576 swing low to the 1.1668 high. The pair is now testing a bullish trend line forming with support at 1.1635.

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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.

AUD and CAD Strengthen Amid Trump–Xi Talks



Commodity-linked currencies gained ground as optimism grew over a potential extension of the trade truce between the United States and China. Markets are looking ahead to upcoming talks between Donald Trump and Xi Jinping, expected to take place in South Korea in the coming days. Investors hope the meeting will help ease trade tensions and support global economic growth.
The US dollar is edging lower ahead of the Federal Reserve and Bank of Canada meetings. According to interest rate futures data (Reuters), markets currently price in a 95–98% probability of another rate cut in October. However, Bank of America notes that due to the government shutdown and delays in key employment data, the Fed is “flying blind”, with policymakers divided over the future path of rate reductions.
The Australian dollar received an additional boost from rising industrial metal prices and a rebound in risk appetite. Optimism was further fuelled by Donald Trump’s visit to Japan and comments from Prime Minister Sanae Takaichi on plans to expand economic cooperation with the US. Meanwhile, the Canadian dollar firmed against the greenback amid expectations of positive retail sales data and continued labour market stability.



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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) Shares Surpass $200 for the First Time


Yesterday, Nvidia’s (NVDA) share price climbed above the psychological threshold of $200 for the first time, pushing the company’s market capitalisation close to $5 trillion.

Why Are NVDA Shares Rising Today?
Several bullish factors are driving Nvidia’s share price higher:
→ Massive order backlog: The company reported pre-orders for its AI processors totalling an astonishing $500 billion.
→ Strategic partnership with the US government: CEO Jensen Huang announced plans to build seven AI supercomputers for the US Department of Energy.
→ Expansion into telecoms: Nvidia has invested $1 billion in Nokia, acquiring a 2.9% stake in the Finnish company to jointly develop AI-RAN and 6G technologies.


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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 Forex Chart Patterns Do Traders Commonly Use?



Price charts contain patterns that reflect the collective sentiment and momentum of the market. For traders, these patterns offer a framework for making data-driven decisions. This article explores the most recognisable forex chart patterns, their technical significance, and methods to incorporate them into a disciplined trading strategy.

What Are the Chart Patterns?
Chart patterns are visual formations on a price chart that illustrate how market supply and demand interact over time. They represent the collective behaviour of traders and reflect key phases of accumulation, distribution, and trend continuation or reversal.
Triangles
Ascending and descending triangles are common forex chart patterns that form during an uptrend and downtrend, respectively. Both are trend continuation chart patterns. There is also a symmetrical triangle, a neutral formation suggesting an imminent price breakout in either direction.

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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.

The Pound and Euro Fall as Dovish Fed Tone Fails to Weaken the Dollar


European currencies came under pressure after the latest Federal Reserve meeting. Despite a 0.25% rate cut, the US dollar held firm, as Fed Chair Jerome Powell’s comments stopped short of signalling the start of a sustained easing cycle. Markets had seemingly expected stronger hints of further cuts; however, Powell emphasised that future decisions would depend on incoming data and the broader economic outlook.
Investor disappointment deepened after the Fed acknowledged uncertainty in assessing inflation prospects and the effects of the partial US government shutdown on data collection. This prompted traders to adjust expectations: while the probability of another rate cut in December now stands at nearly 95%, there is little consensus on the pace of future policy easing.
Against this backdrop, both the euro and pound slipped against the dollar, reflecting stronger US assets and rising Treasury yields. The single currency also remains under pressure ahead of the upcoming European Central Bank meeting, where markets are hoping for clearer guidance on the future direction of monetary policy.
Investors remain cautious before the release of key eurozone data on inflation, GDP, and business activity. Until then, EUR/USD remains under pressure, while GBP/USD is hovering near local lows.


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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.

News Whirlwind Propels Nasdaq 100 to a Fresh All-Time High



According to the chart, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has climbed above the 26,260 mark for the first time in history. Market sentiment is being driven by an extraordinary combination of powerful news factors:

→ Meeting between US President Donald Trump and China’s leader Xi Jinping in Busan, South Korea. The talks lasted around one hour and forty minutes. Xi emphasised the importance of “steering the giant ship” of bilateral relations, while Trump described the meeting as “tremendous” and “fantastic”. However, few concrete details about a potential trade deal were revealed.
→ Federal Reserve rate cut. As expected, the Fed cut interest rates by 0.25% yesterday. Jerome Powell struck a cautious tone, using the metaphor of “driving through fog” to describe the lack of key inflation and labour market data due to the government shutdown. He also highlighted divisions within the committee, suggesting that another rate cut – possibly in December – remains uncertain.
→ Tech giant earnings reports. After the US stock market closed yesterday, Microsoft (MSFT), Alphabet (GOOGL), and Meta Platforms (META) released their quarterly results. A key theme across all three was massive capital expenditure on artificial intelligence. Investors are now questioning whether these heavy investments are beginning to pay off.




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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.

Forex Traders Focus on Central Bank Decisions


As expected, the Federal Reserve yesterday cut the Federal Funds Rate from 4.25% to 4.00%, while Jerome Powell’s remarks reduced the likelihood of further rate cuts. Meanwhile, decisions by other key central banks are also influencing the currency markets, according to Forex Factory:
→ The Bank of Canada lowered its policy rate from 2.50% to 2.25%, in line with market expectations. Its official statement highlighted risks of slower GDP growth, “continued weakness in the economy”, and concerns over U.S. trade relations and tariffs.
→ The Bank of Japan (BoJ) kept interest rates unchanged but signalled readiness to raise borrowing costs if economic conditions allow. This has shifted traders’ focus towards a possible rate hike as early as December.
→ The European Central Bank (ECB) is expected to leave its key rate steady, with the decision due at 16:15 GMT+3 today.
→ Next week, both the Reserve Bank of Australia and the Bank of England are scheduled to announce their policy decisions.
Against this backdrop, attention is increasingly turning to the Dollar Index (DXY) chart today.


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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.

Global Forex Trading Time Zones: How Trading Hours Shape Strategy


The forex market operates 24 hours a day, five days a week, linking major financial centres around the world. However, trading activity is not evenly distributed throughout the day—certain hours are marked by higher liquidity and volatility.

The market is divided into four sessions: Sydney, Tokyo, London, and New York. When these sessions overlap, trading volumes surge, creating rapid price movements. Understanding the timing of these sessions may help traders identify when the market is most active and which pairs are likely to move. This article breaks down the major global trading sessions and explores how their timing influences market liquidity and volatility.

The 24-Hour Cycle of Forex Market Time Zones
The forex market's distinctive feature of being open 24 hours a day, five days a week, is a testament to its unparalleled accessibility, dynamics, and decentralised nature. Unlike traditional financial markets constrained by fixed trading hours, the forex market operates continuously, commencing in Asia on Monday and concluding in North America on Friday.

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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.

Meta Platforms (META) shares plunge 11%


On Wednesday, Meta Platforms (META) released its quarterly report, which included several positive highlights:
→ revenue rose to $51.2 billion (forecast: $49.5 billion);
→ the size of the daily active audience increased to 3.54 billion people.
However, META’s share price fell below the psychological threshold of $700, hitting its lowest level in almost five months. This drop was triggered by two unpleasant surprises revealed in the report.

Tax write-offs
According to media reports, due to new US tax legislation (referred to as the “One Big Beautiful Bill Act”), the company recorded a one-off income tax expense of $15.93 billion.
Because of this write-off, earnings per share (EPS) came in at $1.05 (analysts had expected $6.72). However, the company clarified that excluding this one-off item, EPS would have been $7.25, which would have been a very strong result.

AI-related expenses
Another factor that may have alarmed shareholders is that Mark Zuckerberg’s company raised its capital expenditure forecast for 2025 to $70–72 billion. These funds will go towards building data centres and purchasing AI chips.
In essence, Meta Platforms is striving to take a leading position in the AI space and is prepared to spend tens of billions to achieve that goal. For shareholders, this means that even as revenue grows, net profit is being eroded by massive spending—and it remains unclear when these costs will pay off.



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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.

EUR/USD Under Pressure


Today, the EUR/USD pair is trading around 1.1560, close to autumn lows. From this week’s high, the pair has fallen by roughly 0.85%, reflecting bearish pressure.
The main factors driving the decline are traders’ reactions to central bank signals:
→ Hawkish Fed rhetoric: On Wednesday, Jerome Powell indicated that further rate cuts are “by no means predetermined.” The Fed continues to see mixed signals from the labour market and inflation data, suggesting it will not rush into easing policy.
→ ECB keeps rates unchanged: Yesterday, the European Central Bank left rates steady. However, markets remain concerned about the slowing economic growth across the eurozone, meaning the ECB cannot afford to tighten policy amid weak activity.


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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.

Amazon (AMZN) Shares Reach $250 for the First Time


As the chart shows, Amazon (AMZN) shares rose to a record high on Friday, reaching the $250 mark for the first time. This came after the publication of a strong earnings report:
→ Revenue: $180.2 billion (up 13% year on year).
→ Earnings per share (EPS): actual = $1.95, forecast = $1.56 (a 25% beat).
Investor sentiment was further boosted by the following:
→ AWS (Amazon Web Services) revenue grew by 20% year on year, despite competition from Microsoft Azure and Google Cloud.
→ Amazon issued a confident outlook for the crucial holiday (fourth) quarter.


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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: AUD/USD Softens, NZD/USD Faces Fresh Selling Pressure


AUD/USD is consolidating gains near 0.6550. NZD/USD is trimming gains and struggling to stay above the 0.5700 pivot zone.

Important Takeaways for AUD/USD and NZD/USD Analysis Today
- The Aussie Dollar started a downside correction from 0.6620 against the US Dollar.
- There was a break below a key bullish trend line with support at 0.6570 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is declining from the 0.5800 resistance zone.
- There is a short-term declining channel forming with resistance near 0.5730 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 0.6480. The Aussie Dollar was able to clear 0.6550 to move into a positive zone against the US Dollar.
There was also a move above 0.6580 and the 50-hour simple moving average. Finally, the pair tested 0.6600. A high was formed near 0.6617 and the pair is now correcting gains. There was a move below 0.6600 and a key bullish trend line with support at 0.6570.

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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.