Daily Market Analysis By FXOpen

Market Analysis: EUR/USD Rebound Continues as USD/CHF Nears Key Inflection Point


EUR/USD is attempting a recovery wave from the 1.1400 zone. USD/CHF climbed higher above 0.7900 before it started a downside correction.
Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro declined toward 1.1400 before it started a recovery wave against the US Dollar.
- There was a break above a major bearish trend line with resistance at 1.1500 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF climbed higher above 0.7850 and 0.7900 before it faced hurdles.
- There was a break below a bullish trend line with support at 0.7870 on the hourly chart at FXOpen.
EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1500. The Euro even declined below 1.1440 before the bulls appeared against the US Dollar.
The pair tested 1.1410 and recently started a recovery wave. There was a move above 1.1450 and 1.1480. The pair climbed above the 38.2% Fib retracement level of the downward move from the 1.1667 swing high to the 1.1410 low.
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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.

US Dollar Index (DXY) Analysis: FX Markets Await Central Bank Decisions


Today, the focus for FX traders is on the Federal Reserve: at 21:00 GMT+3, the FOMC will announce its interest rate decision (rates are expected to remain unchanged), followed by a press conference with Fed Chair Jerome Powell half an hour later.
In addition:
→ the Bank of Canada will announce its rate decision today;
→ similar events are scheduled tomorrow for the Bank of Japan, the Swiss National Bank, and the Bank of England.

As the DXY chart shows, the index is currently trading near the median of an upward channel that has remained in place since early February — a zone where supply and demand typically balance each other. However, incoming central bank announcements are likely to disrupt this equilibrium.


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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.

XBR/USD Analysis: Brent Crude Rises Above $110


Yesterday, Brent crude prices moved sharply higher, with the XBR/USD chart showing breakouts above local resistance levels. Today, the price has climbed above the $110 mark, bringing it close to the multi-year high recorded on 9 March.

The bullish sentiment in the oil market is being driven by ongoing military tensions in the Middle East. According to recent media reports:
→ US President Donald Trump stated that Israel was responsible for the attack on Iran’s South Pars gas field;
→ Iranian missile strikes on Qatar’s key liquefied natural gas facilities caused significant damage.


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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.

XAG/USD Analysis: Silver Drops to March Low


As seen on the XAG/USD chart, the price of silver fell to the $70 level and briefly pierced it, marking the lowest level since early February.
Although geopolitical tensions typically support demand for safe-haven assets, silver is under pressure from expectations of a fresh inflationary surge driven by rising energy prices (as noted earlier, Brent crude has risen above $110).
Yesterday’s “hawkish” comments from Federal Reserve Chair Jerome Powell also played a role. The Fed maintained interest rates, signalling that any future cuts would only occur if inflation stabilises.


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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.

S&P 500 Analysis: Index Falls to Year-to-Date Low


As the S&P 500 chart (US SPX 500 mini on FXOpen) shows, the index dropped below the 6,570 level yesterday for the first time in 2026. As a result, the equity market may be on track to post a fourth consecutive weekly decline, closing below its 200-day moving average.

Why Are Equities Falling?
Bearish sentiment is likely being driven by the ongoing military conflict in the Middle East:
→ Elevated oil prices are fuelling expectations of a renewed inflationary surge. This suggests the Federal Reserve will keep interest rates higher for longer (as reinforced by Powell’s remarks this week), putting pressure on both the economy and corporate performance.
→ Investors are also concerned that the United States could become drawn into a prolonged conflict with Iran, which may pose significant challenges for the country, despite efforts by officials to calm market sentiment.

According to Trading Economics:
→ US President Donald Trump stated that the US is not considering deploying ground troops to the Middle East;
→ Treasury Secretary Scott Bessent noted that the Iranian regime could face internal collapse;
→ Israeli Prime Minister Benjamin Netanyahu said Israel may refrain from further strikes on Iran’s energy infrastructure, suggesting the conflict could end sooner than expected.


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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.

GBP/USD Rises Following Bank of England Decision


Yesterday, the Bank of England’s decision had a significant impact on the pound, which strengthened against other currencies. Although the Official Bank Rate remained unchanged at 3.75%, the market was surprised by the “hawkish” signals, which sharply contrasted with the dovish statements made at the February meeting.
According to media reports:
→ None of the nine committee members voted to cut the rate;
→ The phrase stating that the rate “could be lowered in the future” was removed from the final statement.
Thus, the Bank of England indicated that it is ready to raise rates if the energy shock caused by the Middle East conflict accelerates inflation.
The hawkish stance contributed to the pound rising above the upper boundary of the channel in which it had been trading since late 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.

FX Markets Are Changing: What’s Driving Currencies Now?


FX markets have become increasingly reactive in March, with geopolitical developments—particularly the US–Iran conflict—driving price action across currencies, commodities, and interest rate expectations.
In this update, we examine the key forces shaping the FX market right now, including:
- The impact of rising oil prices on inflation and currency dynamics

- Shifting central bank expectations and delayed rate cut outlook
- Elevated volatility and what it signals for near-term market conditions

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Market Analysis: Gold Hit Hard While WTI Crude Oil Rallies on Intensifying Iran Crisis


Gold price extended losses below $4,500 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $105.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price failed to clear $5,000 and declined heavily against the US Dollar.
- There is a key bearish trend line forming with resistance at $4,525 on the hourly chart of gold at FXOpen.
- WTI Crude oil prices are moving higher above the $95.00 resistance zone.
- There was a break above a connecting bearish trend line at $97.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price failed to settle above $5,000 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,800 and $4,650 to enter a bearish zone.

There was a sharp drop below $4,500. The price settled below the 50-hour simple moving average, and RSI dipped below 30. Finally, it tested the $4,320 zone. A low was formed at $4,319, and the price is now consolidating losses.

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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 Falls to 2026 Low


As the XAU/USD chart indicates, today, shortly after the start of the trading week, gold fell below $4,150 (the low of the year). The last time prices were at this level was in early December 2025, before the rally towards the all-time high.

Why Is Gold Declining?
Gold prices are being pressured by a combination of factors, including:
→ expectations that the Federal Reserve will keep interest rates higher for longer;
→ rising inflation risks driven by elevated oil prices.
In such conditions, market participants may shift capital into bonds, which appear more attractive than gold, as the metal does not generate yield.


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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/USD Falls Below Key Support


As the AUD/USD chart indicates, the Australian dollar is showing weakness against the US dollar at the start of the week. Notably, we are seeing a bearish breakout below the lower boundary of an important ascending channel that had been in place since December 2025.

Among the key bearish factors:
→ increased demand for the US dollar as a safe-haven asset amid the United States’ involvement in large-scale military actions against Iran. US President Donald Trump has threatened strikes on Iranian power infrastructure if the Strait of Hormuz remains closed, while Tehran has warned of potential attacks on key US and Israeli facilities;
→ a decline in Asian equity markets, which are sensitive to disruptions in energy supplies from the Middle East. In turn, the value of the Australian dollar is closely tied to commodity exports from Australia to China;
→ traders’ expectations ahead of inflation data due to be released on Wednesday.


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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.

XTI/USD Analysis: WTI Oil Prices Under Pressure from Trump’s Statements


Yesterday, following a false bullish breakout above the psychological $100 level, WTI crude prices fell sharply towards the $85 area. The primary driver of this rapid decline was comments made by the US President.

According to Donald Trump:
→ the United States has postponed planned strikes on Iranian energy infrastructure for five days;
→ productive negotiations are ongoing.

However, Iran later denied these claims, stating that no negotiations to end the conflict were taking place. Moreover, Israel continued its strikes on Iran, while Tehran launched fresh attacks on US assets in the Middle East.
Against this backdrop, the US President’s remarks appear to be a form of verbal intervention aimed at pushing oil prices lower — and, as the XTI/USD chart shows, it is having an effect. Today, WTI crude is trading below last week’s 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.

Tesla (TSLA) Shares Surge Following Musk’s Announcements


According to the chart, Tesla (TSLA) shares had been under significant pressure since the start of 2026: from their December high, they had lost around 25% of their value. The main bearish drivers included:

→ Intense competition from Chinese automakers, particularly BYD.
→ Falling margins. To maintain market share amid fierce competition, Tesla had to offer price concessions.
→ Doubts over whether Musk could launch the Robotaxi project on schedule, given incidents involving the Autopilot system in poor visibility conditions.

However, on 23 March, the shares staged a strong rebound — TSLA gained approximately 3.5% and closed above $380.
The rally was supported by Elon Musk officially unveiling the Terafab project over the weekend — a joint venture between Tesla, SpaceX, and the startup xAI, with investments estimated at $20–25 billion. The plan to build the world’s largest full-cycle semiconductor factory in Texas is intended to supply Tesla with its own advanced chips, including the new AI5 generation, for Full Self-Driving (FSD) systems, Cybercab robotaxis, and Optimus humanoid robots.


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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.

Analytical US Natural Gas Price Forecast: Outlook 2026–2030


The US natural gas price forecast is closely monitored by traders as volatility in global energy markets continues to increase.
Prices in the United States are influenced by several key factors, including domestic production, storage levels, LNG exports, and weather conditions. Geopolitical developments affecting global energy supply have also become an increasingly important factor influencing natural gas price movements.

As the United States has become a major natural gas exporter, domestic prices are now more closely linked to global demand trends. Understanding these key drivers may help traders assess potential price trends and evolving conditions in natural gas markets.
This article examines the main factors and expert projections shaping US natural gas price predictions over the next 5 years.

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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, NZD/USD Struggle at Resistance, Upside Risks Diminish



AUD/USD is attempting a recovery wave from 0.6910. NZD/USD is also correcting losses and might recover if there is a clear move above 0.5885.

Important Takeaways for AUD/USD and NZD/USD Analysis Today
- The Aussie Dollar found support near 0.6910 and is now recovering against the US Dollar.
- There is a key bearish trend line forming with resistance at 0.7015 on the hourly chart of AUD/USD at FXOpen.
- NZD/USD is attempting a recovery wave above 0.5800.
- There is a major bearish trend line forming with resistance near 0.5840 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair dipped from well above 0.7050. The Aussie Dollar declined below 0.7000, but the bulls were active near 0.6910 against the US Dollar.

The recent swing low was formed near 0.6938, and the pair is now correcting losses. There was a move above the 50% Fib retracement level of the downward wave from the 0.7062 swing high to the 0.6938 low.

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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.

5 Popular Momentum Indicators Used in Technical Analysis in 2026


Momentum indicators, often referred to as oscillators, are technical analysis tools used to measure the speed and strength of price movements in financial markets. Instead of focusing on the direction of a trend, these indicators analyse how quickly prices change, allowing traders to evaluate whether momentum is strengthening or weakening.

In this article, we examine five momentum indicators widely used in trading — Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Average Directional Index (ADX), Commodity Channel Index (CCI) — and discuss how traders interpret their signals in market analysis.

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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.

FX Market Awaits Macro Data: EUR/USD and GBP/USD Near Range Boundaries


European currencies are trading without a clear direction against the US dollar, remaining in a consolidation phase following the earlier decline driven by USD strength. At the start of the week, both EUR/USD and GBP/USD attempted a recovery, but the upside proved limited, and the pairs are now testing the upper boundaries of their short-term trading ranges.

Market participants are adopting a wait-and-see approach ahead of the release of key macroeconomic data, which could determine the next direction for the dollar and major currency pairs. Geopolitical uncertainty in the Middle East remains an additional factor weighing on sentiment. Reports of ongoing tensions and risks to energy supply disruptions continue to support elevated oil prices, fuelling inflation expectations and prompting investors to reassess the outlook for central bank policy.

Today, the focus is on business activity and inflation data from Europe and the UK, as well as housing market and consumer activity figures from the US. These releases could significantly impact interest rate expectations, prompting traders to refrain from opening large positions ahead of the data.


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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.

Alphabet (GOOGL) Shares Fall to 2026 Low


As the chart shows, Alphabet (GOOGL) shares have dropped to their lowest level of 2026, with trading closing well below the psychological $300 per share mark.

Why Have Alphabet (GOOGL) Shares Declined?
The bearish move is driven by a combination of factors, including:
→ Escalating geopolitical tensions. With the prospect of a prolonged US conflict with Iran becoming more relevant, market participants may be reducing exposure to risk assets, favouring stability instead. Technology stocks are particularly vulnerable in such an environment.
→ In March, it was reported that Alphabet plans to allocate $175–185 billion to AI infrastructure this year. These expenditures could weigh on profit margins, while a quick return on investment is far from guaranteed.

In addition, media reports point to pressure from antitrust regulators, downward revisions to price targets by analysts, and share sales by GOOGL executives. Meanwhile, the chart and volume analysis highlight a significant shift in market sentiment.


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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.

USD/CAD Rises to a Two-Month High


Today, the USD/CAD currency pair climbed above the 1.3787 level for the first time since late January.
→ Demand for the US dollar is being supported by concerns over escalating tensions in the Middle East. Market participants are favouring the USD as a safe-haven asset.
→ The Canadian dollar is under pressure due to domestic economic concerns. According to media reports, recent data point to weak GDP growth and a soft labour market. This increases the likelihood that the Bank of Canada will cut interest rates, while the Federal Reserve is expected to keep them unchanged.


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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.

Silver Price Falls Back Below $70


As can be observed on the XAG/USD chart, the price of silver has once again dropped below the psychological $70 level. At the same time, this week has been marked by sharp fluctuations: on Monday, prices traded below $65, while as recently as yesterday, silver reached $74 per ounce.

Market volatility is being driven by ongoing geopolitical uncertainty. Conflicting statements from the United States and Iran regarding potential peace negotiations continue to unsettle financial markets. According to media reports:
→ Washington maintains that negotiations are ongoing, with the Trump administration reportedly delivering a 15-point proposal to Iran via intermediaries, aimed at resolving the conflict and reopening the Strait of Hormuz.
→ Iran, in turn, has stated that it does not intend to negotiate with the US, rejecting the proposed ceasefire and instead putting forward its own conditions.


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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 EUR/AUD Pair Rose by More Than 2% Over the Week



If last Thursday trading was taking place below the 1.6300 level, today one euro is worth more than 1.6660 Australian dollars. The upward trend seen in recent days has been driven by a combination of factors, including:
→ Bullish factor for the euro: The European Central Bank (ECB) has revised its 2026 inflation forecast upwards (to 2.6%). The reason lies in the Middle East conflict and rising energy prices. This signals to the market that the ECB may not only refrain from cutting rates but could also begin discussing potential rate hikes this year.
→ Bearish factor for the Australian dollar: The Middle East conflict is placing significant pressure on China’s economy (which is already dealing with a property market crisis). A slowdown in trade with China is weakening the Australian currency. For more details, see the article: What Are Commodity Currencies?
However, the chart indicates that the bullish momentum is fading — this is reflected in a series of bearish divergences, with the RSI moving down from overbought territory.



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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.