Daily Market Analysis By FXOpen

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Palantir Technologies (PLTR) Shares Fall Despite Strong Earnings

Palantir Technologies (PLTR), a company specialising in big data analytics software, released a strong quarterly report this week:

→ Earnings per share: actual = $0.21, expected = $0.17
→ Revenue: actual = $1.181 billion (up 63% year-on-year), forecast = $1.09 billion

Palantir thus reaffirmed its status as a leader in the field of artificial intelligence. Yet, despite the impressive results, PLTR shares fell following the release. Why?

It is likely that much of the optimism had already been priced in during the company’s 150% rally earlier this year. In other words, the drop in PLTR’s share price appears to have been driven purely by market sentiment and overly high expectations, rather than any weakness in the company’s fundamentals.

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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.

 

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Understanding Candlestick Wicks: Basics and Techniques

Candlestick wicks often contain critical information about buying and selling pressure that body patterns alone may not reveal. By analysing wick length and position, traders can understand price rejection, momentum shifts, and liquidity zones. In this article, we explain the meaning of candlestick wicks and outline several strategies traders may use.

Understanding Candle Wicks
You likely know this already, but to recap: candle wicks, or shadows, are the thin lines above and below a candlestick’s body that indicate how far the price moved during a specific period. Candle wicks, extending beyond the body of the candlestick, offer a deeper insight into market dynamics than open and close price levels. Their lengths and positions relative to the candle body unveil the tug-of-war between buyers and sellers within a given timeframe.

A long wick candle to the upside suggests that buyers pushed the price higher, but sellers eventually overcame, driving the price down from its peak. Conversely, a lengthy lower wick indicates sellers initially dominated, with buyers making a strong comeback.

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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.

 

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Gold Stays Flat as WTI Crude Faces Hurdles

Gold price corrected gains, traded below $4,000, and started a consolidation. Crude oil is showing bearish signs and might decline below $58.80.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price started a downside correction below $4,100 and $4,000 against the US Dollar.
- A key bullish trend line is forming with support at $3,985 on the hourly chart of gold at FXOpen.
- Crude oil prices failed to clear the $61.20 region and started a fresh decline.
- There is a bearish trend line forming with resistance at $60.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price formed a base above $3,915. The price remained in a bullish zone and started an upward move within a range above $3,930.

There was a decent move above the 50-hour simple moving average and $3,975. The bulls pushed the price above the $4,000 and $4,010 resistance levels. A high was formed at $4,019 before the price saw a pullback.

The price dipped below the 23.6% Fib retracement level of the upward move from the $3,928 swing low to the $4,019 high, and the RSI declined below 50. Initial support on the downside is near $3,985, a bullish trend line, and the 50-hour simple moving average.

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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.

 

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Market Analysis: GBP/USD Bounces Back As EUR/GBP Awaits Catalyst

GBP/USD is attempting a recovery wave above 1.3100. EUR/GBP is consolidating and might aim for a fresh increase above 0.8800.

Important Takeaways for GBP/USD and EUR/GBP Analysis Today
- The British Pound is attempting a fresh increase above 1.3120.
- There was a break above a bearish trend line with resistance at 1.3070 on the hourly chart of GBP/USD at FXOpen.
- EUR/GBP is trading in a positive zone above the 0.8750 pivot level.
- There is a short-term declining channel forming with resistance near 0.8805 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear 1.3370. As mentioned in the previous analysis, the British Pound even traded below 1.3250 against the US Dollar.

Finally, the pair tested the 1.3000 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3080. The pair even climbed above a bearish trend line with resistance at 1.3070.

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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.

 

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Nasdaq 100 Rebounds as Traders Anticipate End of the US Shutdown

As the chart shows, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has started the week on a positive note amid growing expectations that the longest government shutdown in US history may soon come to an end.

According to Reuters, a bill has been introduced in the Senate proposing amendments to extend government funding until 30 January. The news acted as a bullish catalyst for equity markets. Still, the question remains – is the risk truly behind us?

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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.

 

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Dollar Index Pulls Back from a Key High

As the Dollar Index (DXY) chart shows, the index is currently trading below its 5 November high, which formed after a false bullish breakout (marked by an arrow) above the 1 August peak — a scenario previously outlined in the post “The Dollar Index Near a Key High.”

According to Trading Economics, trader sentiment at the start of the week is being shaped by expectations of comments from ECB and Federal Reserve officials regarding the outlook for monetary policy.

A statement has already come from Reserve Bank of Australia Deputy Governor Andrew Hauser, who noted that financial conditions in the country are now close to a neutral rate — one that neither stimulates nor restrains economic growth. The Australian dollar strengthened following his remarks.

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.

 

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What the Break and Retest Strategy Is and How It Works

Traders widely use strategies as structured approaches to entering and exiting the market. One of the most popular methods is the break and retest strategy, based on support and resistance levels. In this article, we explain the core principles of the strategy, how it works, and provide practical examples.

Understanding the Break and Retest Strategy
The break and retest strategy revolves around identifying key support and resistance levels on a price chart. When the price breaks through a support or resistance level, it signals a potential shift in market sentiment. For example, if a stock breaks above a resistance level, it suggests increasing buying interest. Traders then watch for the price to return to this newly broken level—known as a retest in trading. During the retest, the former resistance now acts as support, providing a potentially more attractive entry point for traders looking to join the 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.

 

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Buffett to Shareholders: “I’m Going Quiet”

Legendary investor Warren Buffett, the 95-year-old head of Berkshire Hathaway, has marked the end of an era by publishing what he called his “final letter” to shareholders on 10 November. The “Oracle of Omaha” announced that he is “going quiet”, bringing to a close his famous annual essays that have guided generations of investors for nearly six decades.

In this letter, Buffett:
→ noted that he will continue to communicate with shareholders through an “annual Thanksgiving message”;
→ announced a new $1.3 billion donation to four family foundations;
→ paid tribute to the late Charlie Munger and reflected on the “incredible luck” that has shaped his life.

Buffett also confirmed that his successor, Greg Abel, will formally assume the role of CEO by the end of 2025, expressing full confidence in the man who will oversee the legacy of one of the world’s greatest investors.

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.

 

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The Shutdown Ends: How Will Gold Prices React?

According to Reuters, the U.S. Senate on Monday approved a compromise deal to bring an end to the longest government shutdown in the country’s history.

During the shutdown:
→ millions of Americans lost access to food assistance programmes;
→ hundreds of thousands of federal employees went without pay;
→ air travel was severely disrupted.

The uncertainty surrounding the potential continuation of the shutdown appears to have contributed to a breakout in the price of gold (as a traditional safe-haven asset) above its recent consolidation zone, marked by black lines on the chart.

However, further gains could be capped not only by fading risk aversion but also by a less obvious resistance level, which the XAU/USD rate has reached today.

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.

 

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Spotting and Trading the Three Line Strike Candlestick Pattern

If you’ve ever studied candlestick patterns, you know they can reveal a lot about market sentiment. The Three Line Strike is one of those patterns that catches traders’ attention for its signals. The pattern can provide both reversal and continuation signals. In this article, we’ll break down what this pattern looks like, why it matters, and how you may use it in your trading plan.

Three Line Strike Pattern: An Overview
The Three Line Strike is a candlestick pattern used in technical analysis to trade trend continuations. However, it often appears ahead of trend reversals. The pattern consists of four candlesticks and can be found in up- and downtrends.

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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.

 

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What Is the Wyckoff Trading Method?

The Wyckoff method is a complex yet robust trading approach that supports traders when identifying market behaviour through price and volume patterns. Developed by Richard D. Wyckoff in the early 20th century, it may help traders determine repeated market trends and build entry and exit strategies. This article explores the key principles of the Wyckoff method, its market cycles framework, and schematics and provides examples of how they can be applied to modern Wyckoff trading strategies.

What Is the Wyckoff Method?
The Wyckoff method is a type of technical analysis developed in the early 20th century by Richard D. Wyckoff, a renowned stock market trader and analyst. The method is based on the belief that markets are driven by fundamental supply and demand forces and that these forces can be traded through repeatable patterns.

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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.

 

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Market Analysis: EUR/USD Rebounds Modestly While USD/JPY Targets More Gains

EUR/USD is climbing higher above 1.1520 and 1.1540. USD/JPY managed to reclaim 154.00 and might aim for more gains.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro started a decent increase above the 1.1520 pivot level.
- There is a key bullish trend line forming with support near 1.1570 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY climbed higher above 153.50 and 154.00.
- There is a bullish trend line forming with support near 154.10 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 1.1500. The Euro cleared a few key hurdles near 1.1520 to move into a positive zone against the US Dollar.

The pair settled above 1.1550 and the 50-hour simple moving average. A high was formed at 1.1605 and the pair is now consolidating gains. There was a test of the 23.6% Fib retracement level of the upward move from the 1.1468 swing low to the 1.1605 high.

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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.

 

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Euro Strengthens Ahead of Inflation Data

The euro is edging higher after last week’s pullback, as buyers hold the price near key levels in anticipation of fresh inflation data. Market participants are cautiously rebuilding long positions in the single currency, hoping for confirmation that price pressures in the region are stabilising.

The US dollar remains under moderate pressure following the release of weak labour market data and amid the ongoing government shutdown, which heightens uncertainty surrounding budget negotiations. Nevertheless, the dollar’s fundamental position remains solid, supported by relatively robust business activity figures and expectations of fresh guidance from Federal Reserve officials.

Today, investors’ attention will be focused on the release of inflation indicators from Germany and speeches by representatives of the Federal Reserve and the European Central Bank, including Isabel Schnabel and Luis de Guindos. The euro’s further trajectory will depend on whether the market receives clear signals of a recovery in price pressures across the euro area.

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.

 

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Musk Could Earn a Trillion: How Are Tesla (TSLA) Shares Reacting?

According to media reports, earlier this month Tesla shareholders approved a new 10-year compensation package for Elon Musk worth up to $1 trillion. But is this good or bad news for TSLA shares?

→ On the plus side, Musk is now firmly “tied” to the company and highly motivated to achieve extraordinary goals — such as reaching a market capitalisation of $8.5 trillion and launching mass production of Optimus robots.

→ On the downside, the price of this decision could be high. The targets appear almost fantastical, and their achievement would mean dilution of existing shareholders’ stakes through the issuance of new options.

As a result, Tesla’s share price has been fluctuating, reflecting market indecision and consolidating after the news. A closer look at the TSLA chart offers clues as to what may happen next.

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.