Blogs

What Is Stage Analysis in Trading?

Forex

<img src="https://fxopen.com/blog/en/content/images/2024/01/main0801_01.jpg" alt="What Is Stage Analysis in Trading?" /><p>Stage analysis is a powerful technique in trading that segments market trends into distinct phases, each offering unique opportunities and challenges. Developed by Stan Weinstein, this method hel

Rishi Sunak says Britain would go ‘back to square one’ with Labour ahead of first major campaign event of year – UK politics live

Forex

<p>Prime minister to speak in north-west of England as MP says Tories have to accept ‘we have left the country sadder and less united’ Good morning. There are three types of campaign you can run during an election: ‘it’s time for a change’ (normally an opposition message, but a governing party can also campaign like […]

Alok Sharma: I won’t back UK government’s oil and gas bill

Forex

<p>Former Cop26 chair says bill reinforces ‘unfortunate perception about UK rowing back from climate action’ Alok Sharma will not be voting for the Rishi Sunak’s oil and gas bill, criticising it as a sign the government was “not serious” about meeting its international climate commitments. The bill, due to be debated in parliament on Monday,

EURGBP in Downtrend, Downside Move Continues

Forex

EURGBP has been in a downtrend, starting from 0.8714, and the downside move has extended to as low as 0.8600. This indicates the prevailing bearish momentum in the pair. Immediate resistance is identified at 0.8639. As long as this level holds, the downside move could be expected to continue. The next target for the pair […]

GBPUSD Analysis – January 8, 2024

Forex

The GBPUSD currency pair attempted to break below the 1.2610 support level but failed and rebounded to 1.2770. This rebound suggests potential strength in the pair. A further rise to test the 1.2827 resistance level could be expected in the coming days. If the price manages to break above this level, it could trigger a […]

EURUSD Analysis – January 8, 2024

Forex

The EURUSD currency pair has experienced a continued downward move, reaching as low as 1.0876 from a previous high of 1.1139. This decline indicates the potential for further downside momentum. The next target for the pair is suggested to be at the bottom of the rising price channel on the 4-hour chart, currently around 1.0830. […]

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