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On March 8th FXOpen Switches its Trading Servers to Summer Time (GMT+3) On March 8th, 2020 FXOpen will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of FXOpen trading accounts. In ECN, STP and Micro accounts summer time will take effect...

EUR/USD Rallies After Fed Rate Cut While USD/CHF Is Diving EUR/USD started a strong upward move above the 1.1020 resistance area and extended gains after the fed rate cut. Conversely, USD/CHF is under pressure and it is likely to extend losses below 0.9550. EUR/USD Technical Analysis In the...

GBP/USD Facing Hurdles While EUR/GBP Is Surging GBP/USD declined heavily below the 1.2920 and 1.2900 support levels. EUR/GBP rallied sharply and climbed above the 0.8500 resistance area. GBP/USD Technical Analysis This past week, the British Pound struggled to gain bullish momentum above the...

AUD/USD And NZD/USD Nosedive Below Key Supports AUD/USD started a strong decline and traded below the key 0.6600 support area. Similarly, NZD/USD is declining heavily and it could continue to dive below the 0.6250 support. AUD/USD Technical Analysis After forming a top near the 0.6700 area...

EUR/USD Recovering Nicely While USD/JPY Is Sliding EUR/USD started an upside correction from the 1.0780 support area and recovered above 1.0820. USD/JPY is currently declining, but it is approaching a key support near 109.80. EUR/USD Technical Analysis After a major decline, the Euro found...

GBP/USD and GBP/JPY: British Pound Could Resume Upside GBP/USD started a decent increase from the 1.2849 low and recovered above 1.2950. GBP/JPY is trading nicely in a positive zone above 144.00 and it could continue to rise. GBP/USD Technical Analysis This past week, the British Pound...

Gold Price Surging While Crude Oil Price Might Correct Lower Gold price surged above the $1,620 level and it might continue to rise. Crude oil price is currently correcting lower and it could decline towards the $52.50 support. Gold Price Technical Analysis In the past few days, gold price...

EUR/USD Nosedives While USD/CHF Is Rising Steadily EUR/USD started a strong decline below 1.1000 and traded below 1.0850. Conversely, USD/CHF is rising steadily and it recently climbed above the 0.9800 resistance area. EUR/USD Technical Analysis In the past few days, the Euro followed a...

GBP/USD and EUR/GBP: British Pound Climbing Higher GBP/USD started a decent recovery and climbed above the 1.3020 resistance area. EUR/GBP declined heavily below 0.8400 and it could continue to move down towards 0.8250. GBP/USD Technical Analysis After a steady decline, the British Pound...

AUD/USD And NZD/USD Facing Key Hurdles AUD/USD recovered recently, but it is facing hurdles near the 0.6750 resistance area. Similarly, NZD/USD must climb above the 0.6450 resistance area to continue higher. AUD/USD Technical Analysis After a steady decline, the Aussie Dollar found support...

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EUR/USD And USD/JPY Trading Near Make-or-Break Levels EUR/USD is declining heavily and it is currently consolidating above the 1.0880 support area. USD/JPY climbed higher nicely, but it is facing hurdles near the 110.00 resistance area. EUR/USD Technical Analysis In the past few days, the...

GBP/USD In Downtrend While USD/CAD Could Rise Again GBP/USD declined heavily in the past few days and broke the 1.3000 support area. Conversely, USD/CAD climbed towards the 1.3300 resistance area and it is currently consolidating gains. GBP/USD Technical Analysis The British Pound failed to...

Gold Price And Crude Oil Price Facing Hurdles Gold price is gaining momentum above the $1,550 level, but it is facing hurdles. Similarly, crude oil price is facing a strong hurdle near the $51.80 and $52.00 levels. Gold Price Technical Analysis After a strong decline, gold price found support...

EUR/USD Diving While USD/CHF Is Showing Positive Signs EUR/USD failed to continue above the 1.1100 resistance area and decline recently below 1.1070. Conversely. USD/CHF is climbing higher and showing positive signs above 0.9680. EUR/USD Technical Analysis This past week, the Euro started a...

GBP/USD and EUR/GBP: British Pound Bulls In Control GBP/USD started a strong increase above the 1.3100 resistance area and climbed to 1.3200. EUR/GBP is currently correcting higher, but upsides remain capped in the near term. GBP/USD Technical Analysis After forming a support base near the...

AUD/USD And NZD/USD Likely To Continue Lower AUD/USD remained in a bearish zone and broke the 0.6750 support area. NZD/USD is also declining and it is likely to continue lower below the 0.6480 support area. AUD/USD Technical Analysis After forming a top near the 0.6880 level, the Aussie Dollar...

EUR/USD And USD/JPY Could Start Decent Recovery EUR/USD is currently attempting an upside correction from the 1.0998 low, but it is facing hurdles near 1.1020. Similarly, USD/JPY must surpass 109.25 to start a decent recovery in the near term. EUR/USD Technical Analysis In the past few days...

GBP/USD and GBP/JPY: British Pound Remains At Risk GBP/USD failed to continue above 1.3150 and started a fresh decline below the 1.3100 support. GBP/JPY is also under pressure and it is likely to continue lower below 142.00. GBP/USD Technical Analysis This past week, there was a decent rise in...

Gold Price Recovering While Crude Oil Price Plunging Gold price managed to recover and settled above the $1,550 support area. However, crude oil price declined heavily and it recently broke the $56.00 support area. Gold Price Technical Analysis After a steady decline, gold price found support...