Daily Market Analysis By FXOpen

[Resolve]

Market Analysis: EUR/USD Reclaims Ground While USD/JPY Momentum Fades

EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro struggled to stay in a positive zone and declined below 1.1700 before finding support.
- There was a break above a connecting bearish trend line with resistance at 1.1580 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY started a decent increase above 157.00 before the bears appeared near 158.90.
- There is a key contracting triangle forming with resistance near 158.30 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair started a fresh decline from 1.1825. The Euro declined below 1.1750 and 1.1700 against the US Dollar.

The pair even declined below 1.1665 and the 50-hour simple moving average. Finally, it tested the 1.1500 zone. A low was formed at 1.1507, and the pair is now recovering losses. There was a move above 1.1550 and a connecting bearish trend line at 1.1580.

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.

 

[Resolve]

Gold Price Falls to a Monthly Low

As the XAU/USD chart shows, gold prices today dropped below the 3 March low, reaching levels last seen in the third week of February.

Why Is Gold Declining Despite the War?
Geopolitical turmoil typically supports demand for gold as a safe-haven asset. However, in the current environment — with the Middle East conflict now lasting more than two weeks — the surge in oil prices and the associated inflation risks have moved to the forefront.

Market participants appear to believe that the Federal Reserve will keep interest rates higher for longer. This increases the attractiveness of US dollar-denominated instruments, particularly US Treasuries and money market assets. Rising yields on US government bonds confirm this shift in expectations and simultaneously weigh on gold, which does not generate interest income.

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.

 

[Resolve]

XTI/USD Chart Analysis: WTI Oil Price Fluctuates Near $100

For the third Monday in a row, trading in the oil market has opened with a bullish gap, although this time it is not as wide as the gap seen, for example, on 9 March. The reason for the volatility is clear — the ongoing military conflict in the Middle East, with no visible signs of de-escalation so far.

According to the latest media reports:

→ the Strait of Hormuz remains effectively closed;
→ over the weekend the United States struck Iran’s Kharg Island, a key hub for the country’s oil export infrastructure;
→ Iran launched an attack on the oil port of Fujairah in the UAE.

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.

 

[Resolve]

The ICT Silver Bullet Trading Strategy: Mechanics and Application

The ICT Silver Bullet strategy is a short-term trading approach derived from the Inner Circle Trader (ICT) methodology. It focuses on identifying high-probability price movements that tend to occur during specific intraday trading windows, particularly around the London and New York sessions.

Unlike many conventional forex trading strategies that rely primarily on indicators, the Silver Bullet strategy emphasises market structure, liquidity pools, and fair value gaps (FVGs) to identify potential entry points. By concentrating on defined time windows and liquidity-driven price movements, traders attempt to capture short-term market inefficiencies that may appear during periods of increased institutional activity.

In this article, we explain what the ICT Silver Bullet strategy is, how it works, and how traders analyse price action, liquidity, and fair value gaps when applying this method in forex 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.

 

[Resolve]

Diamond Chart Pattern: Structure and Market Context

The diamond chart pattern is a technical analysis formation that appears on price charts after a strong trend and often signals a trend reversal. The structure consists of a broadening phase (higher highs and lower lows) followed by a contracting phase (lower highs and higher lows), creating a shape that resembles a diamond. Traders analyse this pattern to identify trend exhaustion, breakout levels, and possible changes in market direction.

This article explains the structure of the diamond chart pattern, the market psychology behind it, and how to trade the diamond pattern.

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.

 

[Resolve]

Nvidia (NVDA) Shares Set a March High

Nvidia shares experienced heightened volatility yesterday, with the price jumping to a March high during the Nvidia GTC 2026 conference, where Jensen Huang made several major announcements. According to media reports:

→ Nvidia unveiled a next-generation platform named after the astronomer Vera Rubin. The new chips are designed for “agentic AI” (AI agents).

→ The company expects total orders for current-generation AI systems (Blackwell) and next-generation systems (Vera Rubin) to reach $1 trillion by 2027. This is double the company’s previous $500 billion forecast announced earlier.

→ Huang also noted that market demand is shifting. While chips were previously purchased mainly for training AI models, demand is now increasingly driven by companies such as OpenAI, Meta and Anthropic, which must serve hundreds of millions of users in real time.

As the NVDA chart shows, the share price rose above the $188.50 level, but later pulled back, which may suggest excessive optimism among buyers and aggressive selling pressure.

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.

 

[Resolve]

EUR/USD Chart Analysis: Pair Recovers Ahead of Fed News

On 10 March, analysing the EUR/USD chart, we:
→ considered the long-term descending channel, which remains relevant;
→ noted that the sequence of lower lows A–H was broken with the appearance of a higher peak I, with 1.1680 potentially acting as resistance.

At peak I, bulls exhausted their strength: after forming a consolidation zone near the channel’s median, bears regained control and pushed the price to a new yearly low, driven by a bearish fundamental backdrop.

Tomorrow, the Fed is expected to release its interest rate decision, while the ECB will issue comments the day after. These events could significantly shift market sentiment regarding EUR/USD, and current price behaviour suggests that bulls may attempt a comeback.

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.

 

[Resolve]

USD/JPY and USD/CAD Near Key Levels Ahead of Central Bank Meetings

The US dollar is trading mixed against its major counterparts following a sustained rally last week. The market is now entering a phase of moderate correction, as investors adopt a wait-and-see approach ahead of key macroeconomic releases and central bank decisions that could determine the next direction in the FX market.

Market participants are focused on the upcoming Federal Reserve decision, updated FOMC economic projections, and the Bank of Canada meeting. Additional influence is coming from US inflation and producer price data, as well as statistics on industrial orders and commodity markets.

Geopolitical tensions remain another source of uncertainty, continuing to impact commodity markets and demand for safe-haven assets. Reports of renewed escalation in the Middle East and risks to energy supply routes are increasing volatility in the oil market, which in turn directly affects the Canadian dollar.

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.

 

[Resolve]

Market Analysis: EUR/USD Rebound Continues as USD/CHF Nears Key Inflection Point

EUR/USD is attempting a recovery wave from the 1.1400 zone. USD/CHF climbed higher above 0.7900 before it started a downside correction.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro declined toward 1.1400 before it started a recovery wave against the US Dollar.
- There was a break above a major bearish trend line with resistance at 1.1500 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF climbed higher above 0.7850 and 0.7900 before it faced hurdles.
- There was a break below a bullish trend line with support at 0.7870 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair extended the decline below 1.1500. The Euro even declined below 1.1440 before the bulls appeared against the US Dollar.

The pair tested 1.1410 and recently started a recovery wave. There was a move above 1.1450 and 1.1480. The pair climbed above the 38.2% Fib retracement level of the downward move from the 1.1667 swing high to the 1.1410 low.

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.

 

[Resolve]

US Dollar Index (DXY) Analysis: FX Markets Await Central Bank Decisions

Today, the focus for FX traders is on the Federal Reserve: at 21:00 GMT+3, the FOMC will announce its interest rate decision (rates are expected to remain unchanged), followed by a press conference with Fed Chair Jerome Powell half an hour later.

In addition:
→ the Bank of Canada will announce its rate decision today;
→ similar events are scheduled tomorrow for the Bank of Japan, the Swiss National Bank, and the Bank of England.

As the DXY chart shows, the index is currently trading near the median of an upward channel that has remained in place since early February — a zone where supply and demand typically balance each other. However, incoming central bank announcements are likely to disrupt this equilibrium.

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.

 

[Resolve]

XBR/USD Analysis: Brent Crude Rises Above $110

Yesterday, Brent crude prices moved sharply higher, with the XBR/USD chart showing breakouts above local resistance levels. Today, the price has climbed above the $110 mark, bringing it close to the multi-year high recorded on 9 March.

The bullish sentiment in the oil market is being driven by ongoing military tensions in the Middle East. According to recent media reports:

→ US President Donald Trump stated that Israel was responsible for the attack on Iran’s South Pars gas field;

→ Iranian missile strikes on Qatar’s key liquefied natural gas facilities caused significant damage.

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.

 

[Resolve]

XAG/USD Analysis: Silver Drops to March Low

As seen on the XAG/USD chart, the price of silver fell to the $70 level and briefly pierced it, marking the lowest level since early February.

Although geopolitical tensions typically support demand for safe-haven assets, silver is under pressure from expectations of a fresh inflationary surge driven by rising energy prices (as noted earlier, Brent crude has risen above $110).

Yesterday’s “hawkish” comments from Federal Reserve Chair Jerome Powell also played a role. The Fed maintained interest rates, signalling that any future cuts would only occur if inflation stabilises.

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.

 

[Resolve]

S&P 500 Analysis: Index Falls to Year-to-Date Low

As the S&P 500 chart (US SPX 500 mini on FXOpen) shows, the index dropped below the 6,570 level yesterday for the first time in 2026. As a result, the equity market may be on track to post a fourth consecutive weekly decline, closing below its 200-day moving average.

Why Are Equities Falling?
Bearish sentiment is likely being driven by the ongoing military conflict in the Middle East:

→ Elevated oil prices are fuelling expectations of a renewed inflationary surge. This suggests the Federal Reserve will keep interest rates higher for longer (as reinforced by Powell’s remarks this week), putting pressure on both the economy and corporate performance.

→ Investors are also concerned that the United States could become drawn into a prolonged conflict with Iran, which may pose significant challenges for the country, despite efforts by officials to calm market sentiment.

According to Trading Economics:

→ US President Donald Trump stated that the US is not considering deploying ground troops to the Middle East;
→ Treasury Secretary Scott Bessent noted that the Iranian regime could face internal collapse;
→ Israeli Prime Minister Benjamin Netanyahu said Israel may refrain from further strikes on Iran’s energy infrastructure, suggesting the conflict could end sooner than expected.

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.

 

[Resolve]

GBP/USD Rises Following Bank of England Decision

Yesterday, the Bank of England’s decision had a significant impact on the pound, which strengthened against other currencies. Although the Official Bank Rate remained unchanged at 3.75%, the market was surprised by the “hawkish” signals, which sharply contrasted with the dovish statements made at the February meeting.

According to media reports:
→ None of the nine committee members voted to cut the rate;
→ The phrase stating that the rate “could be lowered in the future” was removed from the final statement.

Thus, the Bank of England indicated that it is ready to raise rates if the energy shock caused by the Middle East conflict accelerates inflation.

The hawkish stance contributed to the pound rising above the upper boundary of the channel in which it had been trading since late January.

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.

 

[Resolve]

FX Markets Are Changing: What’s Driving Currencies Now?

FX markets have become increasingly reactive in March, with geopolitical developments—particularly the US–Iran conflict—driving price action across currencies, commodities, and interest rate expectations.

In this update, we examine the key forces shaping the FX market right now, including:

- The impact of rising oil prices on inflation and currency dynamics

- Shifting central bank expectations and delayed rate cut outlook

- Elevated volatility and what it signals for near-term market conditions

Stay ahead of market moves — follow for timely insights into FX, macro trends, and volatility conditions.

Gain insights to strengthen your trading knowledge.




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 video represents the opinion of the Companies operating under the FXOpen brand only. 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.

 

[Resolve]

Market Analysis: Gold Hit Hard While WTI Crude Oil Rallies on Intensifying Iran Crisis

Gold price extended losses below $4,500 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $105.00.

Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today
- Gold price failed to clear $5,000 and declined heavily against the US Dollar.
- There is a key bearish trend line forming with resistance at $4,525 on the hourly chart of gold at FXOpen.
- WTI Crude oil prices are moving higher above the $95.00 resistance zone.
- There was a break above a connecting bearish trend line at $97.00 on the hourly chart of XTI/USD at FXOpen.

Gold Price Technical Analysis

On the hourly chart of Gold at FXOpen, the price failed to settle above $5,000 and reacted to the downside, as discussed in the previous analysis. The price traded below $4,800 and $4,650 to enter a bearish zone.

There was a sharp drop below $4,500. The price settled below the 50-hour simple moving average, and RSI dipped below 30. Finally, it tested the $4,320 zone. A low was formed at $4,319, and the price is now consolidating losses.

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.

 

[Resolve]

Gold Price Falls to 2026 Low

As the XAU/USD chart indicates, today, shortly after the start of the trading week, gold fell below $4,150 (the low of the year). The last time prices were at this level was in early December 2025, before the rally towards the all-time high.

Why Is Gold Declining?
Gold prices are being pressured by a combination of factors, including:

→ expectations that the Federal Reserve will keep interest rates higher for longer;
→ rising inflation risks driven by elevated oil prices.

In such conditions, market participants may shift capital into bonds, which appear more attractive than gold, as the metal does not generate yield.

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.

 

[Resolve]

AUD/USD Falls Below Key Support

As the AUD/USD chart indicates, the Australian dollar is showing weakness against the US dollar at the start of the week. Notably, we are seeing a bearish breakout below the lower boundary of an important ascending channel that had been in place since December 2025.

Among the key bearish factors:

→ increased demand for the US dollar as a safe-haven asset amid the United States’ involvement in large-scale military actions against Iran. US President Donald Trump has threatened strikes on Iranian power infrastructure if the Strait of Hormuz remains closed, while Tehran has warned of potential attacks on key US and Israeli facilities;

→ a decline in Asian equity markets, which are sensitive to disruptions in energy supplies from the Middle East. In turn, the value of the Australian dollar is closely tied to commodity exports from Australia to China;

→ traders’ expectations ahead of inflation data due to be released on Wednesday.

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.

 

[Resolve]

XTI/USD Analysis: WTI Oil Prices Under Pressure from Trump’s Statements

Yesterday, following a false bullish breakout above the psychological $100 level, WTI crude prices fell sharply towards the $85 area. The primary driver of this rapid decline was comments made by the US President.

According to Donald Trump:
→ the United States has postponed planned strikes on Iranian energy infrastructure for five days;
→ productive negotiations are ongoing.

However, Iran later denied these claims, stating that no negotiations to end the conflict were taking place. Moreover, Israel continued its strikes on Iran, while Tehran launched fresh attacks on US assets in the Middle East.

Against this backdrop, the US President’s remarks appear to be a form of verbal intervention aimed at pushing oil prices lower — and, as the XTI/USD chart shows, it is having an effect. Today, WTI crude is trading below last week’s lows.

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.

 

[Resolve]

Tesla (TSLA) Shares Surge Following Musk’s Announcements

According to the chart, Tesla (TSLA) shares had been under significant pressure since the start of 2026: from their December high, they had lost around 25% of their value. The main bearish drivers included:

→ Intense competition from Chinese automakers, particularly BYD.
→ Falling margins. To maintain market share amid fierce competition, Tesla had to offer price concessions.
→ Doubts over whether Musk could launch the Robotaxi project on schedule, given incidents involving the Autopilot system in poor visibility conditions.

However, on 23 March, the shares staged a strong rebound — TSLA gained approximately 3.5% and closed above $380.

The rally was supported by Elon Musk officially unveiling the Terafab project over the weekend — a joint venture between Tesla, SpaceX, and the startup xAI, with investments estimated at $20–25 billion. The plan to build the world’s largest full-cycle semiconductor factory in Texas is intended to supply Tesla with its own advanced chips, including the new AI5 generation, for Full Self-Driving (FSD) systems, Cybercab robotaxis, and Optimus humanoid robots.

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.