Daily Market Analysis By FXOpen

[FXOpenTeam]

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.

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 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.

[FXOpenTeam]

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.

[FXOpenTeam]

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

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.

[FXOpenTeam]

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.

[FXOpenTeam]

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

• The Euro started a decent recovery wave from the 1.0360 zone against the US Dollar.
• There is a connecting bullish trend line forming with support near 1.0570 on the hourly chart of EUR/USD at FXOpen.
• USD/CHF declined below the 0.8975 and 0.8950 support levels.
• 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.

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.

[FXOpenTeam]

Pound and Euro Resume Growth Despite Possible US Tariffs

The beginning of March has been quite successful for the strengthening of European currencies. A series of negative macroeconomic indicators from the US, published earlier this week, and the start of a trade war between the US and China have contributed to the growth of EUR/USD and GBP/USD.

EUR/USD

As expected, the EUR/USD currency pair managed to strengthen towards the November highs of last year and tested a significant resistance level at 1.0630–1.0600. A corrective pullback to 1.0580–1.0530 may be expected in the upcoming trading sessions. If this range turns into a medium-term support zone, EUR/USD may continue to rise towards 1.0760–1.0700.

A drop below 1.0540 could lead to a retest of 1.0440–1.0400. Increased volatility in EUR/USD is expected in the coming trading sessions. Tomorrow, the ECB meeting is scheduled, where the interest rate decision will be announced, while on Friday, the February US employment report will be released.

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.

[FXOpenTeam]

Trump’s Tariffs on Canada: USD/CAD Remains Volatile

We are witnessing a surge in market volatility (as reflected by the upward trend of the ATR indicator), influenced by the following factors, according to Reuters:

→ Trump’s Tariffs. On Tuesday, new 25% import duties on Mexico and Canada came into effect, while tariffs on Chinese goods were doubled to 20%.

→ Donald Trump’s first speech in Congress since taking office. In it, the US president made significant statements, including the announcement of new tariffs.

The US Dollar Index initially rose during Trump’s speech but later weakened to a three-month low. In theory, higher tariffs are positive for the US dollar. However, investors are looking beyond short-term safe-haven flows and are concerned about slowing US economic growth and the risk of stagflation.

Why Is Trump Imposing Tariffs?
Officially, US President Donald Trump is introducing tariffs on Canada to combat the “extraordinary threat” to US national security posed by uncontrolled drug trafficking.

However, according to Canadian Prime Minister Justin Trudeau, Trump’s tariffs are aimed at weakening Canada’s economy—or even pushing it towards collapse—so that the US could more easily annex Canadian territory.

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.

[FXOpenTeam]

Bank of America (BAC) Shares Drop Over 6%

On 18 February, we reported that Warren Buffett was selling bank stocks, including Bank of America (BAC) and Citigroup (C). This proved to be a sharp decision, as yesterday:

→ Bank of America (BAC) shares fell by 6.34%
→ Citigroup (C) shares fell by 6.25%

As a result, BAC stock hit its lowest level of 2025.

Why Did Bank of America (BAC) and Citigroup (C) Shares Decline?
Investor bearish sentiment may have been driven by concerns over:
→ New US tariffs on imports from Mexico and Canada
→ The risk of renewed inflation growth amid an economic slowdown

This led to a broader decline in financial sector stocks yesterday.

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.

[FXOpenTeam]

Dollar Declines Ahead of Employment Report Release

The US currency continues to test new lows amid slowing economic growth in the United States and the introduction of new tariffs on China and Canada. Investor disappointment with Trump’s initial executive orders has led to broad-based dollar sell-offs.

USD/JPY

At the start of the week, USD/JPY sellers managed to break a key support level at 149.00–148.60. The price had not fallen below this range since November last year. The downward breakout was followed by a rebound and a retest of the psychological level at 150.00.

Technical analysis of USD/JPY suggests a potential continuation of the downtrend towards 147.00–146.80, as a bearish engulfing pattern is forming on the daily timeframe. To negate the bearish correction scenario, the pair must consolidate above 150.60–150.00.

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.

[FXOpenTeam]

What Is Contrarian Trading?

Contrarian trading challenges the traditional buy-low, sell-high paradigm by going against prevailing market trends. This article delves into the principles, psychology, and tools that shape this approach, offering insights for traders seeking to tap into overlooked or undervalued opportunities.

The Contrarian Philosophy

Contrarian thinking is fundamentally about challenging the prevailing market sentiment. While many traders and investors seek to capitalise on the momentum of trending stocks, commodities, or currencies, the contrarian trader takes a different route.

The very essence of being a contrarian trader means actively looking for opportunities that the majority overlooks or outright avoids. This involves buying assets that are out of favour and selling those that have garnered too much positive attention.

It’s important to note that this isn’t merely a reactionary stance. Rather, it’s rooted in a deep-seated belief that the market often overreacts to news—both good and bad. Such overreactions create inefficiencies and opportunities for gain, especially when sentiments reverse. For instance, during market downturns, pessimism can lead to undervalued assets that are ripe for investment.

So, in a nutshell, contrarian trading is about strategically taking positions that are contrary to prevailing opinion, guided by research and analysis. A contrarian trader, meaning someone who employs this approach, seeks to capitalise on these inefficiencies by swimming against the tide of popular opinion.

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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.

[FXOpenTeam]

Ford (F) Stock Price Rises Following Trump’s Decision

The White House announced on Wednesday that automakers will receive a one-month exemption from tariffs on imports from Mexico and Canada for vehicles that comply with the free trade agreement between these two countries and the United States.

White House Press Secretary Karoline Leavitt stated that this move came in response to a request from the heads of Ford Motor, General Motors, and Stellantis. The American Automotive Policy Council expressed gratitude to President Trump in a statement and noted that companies would work with the administration to boost vehicle production in the U.S. and expand exports.

This fundamental backdrop triggered a bullish momentum in the stock market for these automakers. In particular, Ford (F) shares rose by more than 6%, while the S&P 500 (US SPX 500 mini on FXOpen) gained about 1.1%.

As shown in Ford (F) stock’s price chart today, the stock has rebounded from a four-year 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.

[FXOpenTeam]

Gold Prices Rise Amid Recession Fears

As the XAU/USD chart indicates, gold prices have risen in the early days of March.

Bullish sentiment is being driven by:

→ Investor positioning ahead of key US labour market data – the Non-Farm Employment Change report (due Friday at 16:30 GMT+3), which could provide insights into the Federal Reserve’s interest rate trajectory.

→ Trump’s tariff announcements, adding to global trade tensions – According to The Wall Street Journal, recession fears are resurfacing among market participants. Meanwhile, Barron’s draws a parallel between Trump’s tariffs and the 1930 Smoot-Hawley Tariff Act, which is widely blamed for deepening the Great Depression.

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.

[FXOpenTeam]

Ichimoku Charts in Forex Trading

In the forex trading journey, the Ichimoku indicator serves as a beacon, guiding through the fog of market uncertainty. This article delves into the intricacies of the Ichimoku Cloud, unveiling strategies that harness its full potential. From the traditional Japanese techniques to the contemporary twists, equip yourself with the knowledge to navigate the currency tides adeptly.

Ichimoku Indicator: A Brief Overview

The Ichimoku Cloud indicator, a comprehensive technical analysis tool, originated in Japan and has since gained global traction among traders for its ability to offer a panoramic view of market sentiment and potential price movements. At its core, the Ichimoku is composed of five lines, each reflecting a specific price action aspect and timeframe.

The Tenkan-sen, or Conversion Line, reflects the mean of the highest high and the lowest low over the last nine periods, offering a quick glimpse of price momentum. In contrast, the Kijun-sen, or Base Line, calculates the same over the last 26 periods, providing a more moderate pace of market trend.

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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.

[FXOpenTeam]

Netflix (NFLX) Shares Among the Biggest Losers in the US Stock Market

According to market charts:
→ Netflix (NFLX) shares fell by approximately 8.5% during yesterday’s trading session, indicating that bulls failed to sustain the price above the psychological $1,000 per share level.
→ The S&P 500 index (US SPX 500 mini on FXOpen) hit a new low for 2025, closing down around 1.3%.

These declines reflect bearish sentiment in the US stock market, which may be driven by:

→ Uncertainty over Trump’s trade tariff policies. Yesterday, the White House postponed the introduction of tariffs on trade with Canada and Mexico for a second time, now pushing the deadline to early April.
→ Anxiety ahead of the Non-Farm Employment Change report release (scheduled for today at 16:30 GMT+3), as recession fears continue to mount.

Selling pressure was particularly strong in Netflix (NFLX) shares, as analysts (according to media reports) issued a cautious outlook on subscriber growth for the streaming giant. This may stem from concerns that the company’s low-cost, ad-supported subscription model is losing its initial positive impact.

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.

[FXOpenTeam]

Hang Seng Index Reaches Three-Year High

A month ago, while analysing the uptrend in the Hang Seng index (Hong Kong 50 on FXOpen), we noted that:
→ Positive sentiment was driven by the success of the DeepSeek startup, boosting Chinese tech stocks and mobile operators.
→ Price movements formed a bullish structure based on Fibonacci proportions.
→ Analysts predicted the uptrend could persist until the second half of March.

Today, the Hang Seng index (Hong Kong 50 on FXOpen) surged above the 24,500 level for the first time since February 2022. According to Reuters, investor enthusiasm for artificial intelligence continues to fuel the rally.

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.

[FXOpenTeam]

What Is a PD Array in ICT, and How Can You Use It in Trading?

The PD array, or Premium and Discount array, is a key concept within the Inner Circle Trader methodology, designed to help traders map market movements and identify high-probability zones. By breaking down price behaviour into premium and discount levels, along with tools like order blocks and fair value gaps, the PD array provides a structured framework for analysis. This article explores its components, applications, and how traders can integrate it into their strategies.

What Is a PD Array?

An ICT PD array, short for Premium and Discount array, is a concept developed by Michael J. Huddleston, the mind behind the Inner Circle Trader (ICT) methodology. At its core, the PD array is a framework used to organise price levels and zones on a chart where significant institutional activity is likely to occur. These zones highlight areas of interest such as potential support or resistance, points where liquidity resides, or regions that might attract price movement.

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.

[FXOpenTeam]

Market Analysis: AUD/USD and NZD/USD Could Continue Higher

AUD/USD is correcting gains from the 0.6365 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.5720.

Important Takeaways for AUD USD and NZD USD Analysis Today

• The Aussie Dollar started a downside correction from 0.6365 against the US Dollar.
• There is a key bullish trend line forming with support at 0.6300 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD is holding gains above the 0.5695 support zone.
• There was a break below a major bullish trend line with support at 0.5720 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 the 0.6185 support. The Aussie Dollar was able to clear the 0.62550 resistance to move into a positive zone against the US Dollar.

There was a close above the 0.6275 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6365 zone. A high was formed near 0.6363 and the pair is now correcting gains.

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.

[FXOpenTeam]

XNG/USD Analysis: Natural Gas Price Hits Over Two-Year High

On 27 January, while analysing the natural gas chart, we noted that price fluctuations:
→ Were forming an ascending channel.
→ Identified $3.700 as a key resistance level.

As shown on the XNG/USD chart, bears had control in late January but failed to maintain their grip. Since then:
→ Natural gas prices have continued their upward trajectory.
→ The $3.700 level was breached, becoming part of a resistance zone with an upper boundary at $3.800, which later acted as support (as indicated by the arrow).

As a result, today, natural gas prices have surged to $4.800/MMBtu—the highest level since late December 2022.

Bullish Factors Driving the Market (According to Trading Economics):
→ Weather Conditions – A cold spell in the U.S. has increased demand for heating gas. Meteorologists predict a shift towards milder temperatures across 48 states in March.

→ LNG Exports – U.S. liquefied natural gas (LNG) exports have hit a record high of 15.6 billion cubic feet per day under the new administration. Meanwhile, trade uncertainties, including a potential slowdown in natural gas flows from Canada to the U.S., are raising concerns among market participants.

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.