Daily Market Analysis By FXOpen

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Williams’ Strategies

In trading, Williams’ indicators stand out for their distinct approach to market analysis. Employed in many successful traders’ strategies, they can provide unique insights that help traders navigate the market with confidence. This article explores two key Williams’ strategies and provides insights into their applications, benefits, and potential challenges in the contemporary trading landscape.

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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: AUD/USD and NZD/USD Face Pressure, Dip Again

AUD/USD declined below the 0.6500 and 0.6460 support levels. NZD/USD is also moving lower and might extend losses below 0.5935.

Important Takeaways for AUD/USD and NZD/USD Analysis Today

• The Aussie Dollar started a fresh decline from well above the 0.6500 level against the US Dollar.
• There is a connecting bearish trend line forming with resistance at 0.6460 on the hourly chart of AUD/USD at FXOpen.
• NZD/USD declined steadily from the 0.6000 resistance zone.
• There is a major bearish trend line forming with resistance at 0.5960 on the hourly chart of NZD/USD at FXOpen.

AUD/USD Technical Analysis

On the hourly chart of AUD/USD at FXOpen, the pair struggled to clear the 0.6520 zone. The Aussie Dollar started a fresh decline below the 0.6500 support against the US Dollar.

The pair even settled below 0.6460 and the 50-hour simple moving average. There was a clear move below 0.6450. A low was formed at 0.6435 and the pair is now consolidating.

On the upside, an immediate resistance is near the 0.6460 level and the 23.6% Fib retracement level of the downward move from the 0.6537 swing high to the 0.6435 low.

The next major resistance is near the 0.6485 zone or the 50% Fib retracement level of the downward move from the 0.6537 swing high to the 0.6435 low, above which the price could rise toward 0.6515.

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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DELL Stock Price Analysis Ahead of Earnings Release

In addition to Nvidia’s (NVDA) quarterly report, this week financial market participants are also closely watching Dell Technologies’ (DELL) earnings release, scheduled for Thursday, 29 May, after the close of the trading session.

According to analysts cited by the media:
→ the company’s revenue is expected to come in at $23.18 billion (compared to $22.24 billion in the same period last year, and $23.9 billion in the previous quarter);
→ particular attention will be paid to Dell’s business segment focused on manufacturing servers for AI applications.

Notably, DELL’s price chart shares several similarities with the NVDA chart we analysed 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.

 

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GBP/USD Analysis: Price Searching for Support

In the second half of May, the British pound showed notable strength: from its 12 May low, GBP/USD climbed to a peak on 26 May — marking its highest level in over three years.

Demand for the pound has been driven by several factors:

→ A surge in inflation. CPI data released last Wednesday came in above expectations. As a result, market participants interpreted this as a reason for the Bank of England to remain cautious about cutting interest rates. Holding rates at elevated levels is generally considered bullish for the pound.

→ The pound’s relative resilience amid trade tensions, particularly following a newly signed agreement with the US, as well as strengthening trade ties between the UK and the EU.

Can the pound continue to rise? The GBP/USD chart offers reasons for doubt.

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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Commodity Currencies Retreat from Highs Ahead of Fed Minutes Release

The AUD/USD and NZD/USD currency pairs are experiencing a corrective pullback after reaching medium-term highs earlier this week. This movement comes amid a broader reassessment of risk in anticipation of the release of the minutes from the latest Federal Reserve meeting. Investors and market participants are trimming positions in risk-sensitive assets, reacting to a mix of factors including monetary policy signals, geopolitical rhetoric, and tariff developments.

Additional pressure on commodity currencies was driven by today’s meeting of the Reserve Bank of New Zealand (RBNZ). As expected, the central bank cut its key interest rate, prompting further selling in the NZD/USD pair and fuelling speculation about potential further easing should global demand deteriorate.

The release of the FOMC minutes, scheduled for this evening, remains a key focus. Investors are looking for additional clues regarding the outlook for Federal Reserve policy easing in the second half of the year. In addition, Thursday’s US GDP data will be closely watched and may serve as a significant guide for short-term moves in the US dollar and commodity-linked currency crosses.

Technical Analysis of AUD/USD
The AUD/USD pair is trading near the 0.6450 mark, correcting from recent highs. Support appears to lie around the 0.6400 level, while today’s release of the Fed minutes could trigger increased volatility in the pair. Technical analysis of AUD/USD suggests a potential decline towards the 0.6400–0.6370 range, as a "doji" candlestick pattern has formed on the daily timeframe.

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.