Daily Market Analysis By FXOpen

[FXOpen Trader]

Kill Zone Trading in Forex: Basics and Strategies


Kill Zone trading is a method that focuses on the most liquid and volatile periods of the trading day. It aims to align trades with institutional activity during specific time windows. Kill Zone trading has become increasingly popular among professional traders and algorithmic systems alike, as it leverages the behavior of market participants during key sessions. Understanding these market dynamics and knowing how to trade them strategically may support traders in making trading decisions.

This article explores the concept of Kill Zone trading in Forex — its core principles, major trading sessions, and techniques for identifying institutional order flow.

Understanding Kill Zones
What are ICT Kill Zones? A Kill Zone in forex trading refers to a specific time period during which currency pairs experience increased volatility and volume. The concept, popularised by Michael Huddleston, also known as the Inner Circle Trader, highlights the importance of timing in trading strategies.

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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.

[FXOpen Trader]

Netflix (NFLX) Shares See a Sharp Decline


According to recent charts, Netflix (NFLX) shares have traded below $1,100 this week — for the first time since late May. The stock has fallen more than 17% from its July peak, while the S&P 500 index (US SPX 500 mini on FXOpen) remains close to record highs.

Why Has Netflix (NFLX) Fallen?
The main catalyst for the drop was the company's earnings report, which showed results well below expectations: actual EPS came in at $5.87 versus a forecast of $6.96 and a previous reading of $7.19.

Despite the success of several new releases, the figures were weighed down by a tax dispute in Brazil, which significantly dampened market sentiment. Nevertheless, the bulls still have reasons for cautious optimism.



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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.

[FXOpen Trader]

USD/CAD Declines Amid a Flurry of Market News


The Canadian dollar strengthened against the U.S. dollar today, pushing USD/CAD down to 1.39750 – a level that acted as resistance in early October but has since turned into support.

The pair's fluctuations come amid a busy news backdrop. On Friday:
→ President Trump announced the suspension of trade talks with Canada, reportedly due to his dissatisfaction with Canadian advertising campaigns using Ronald Reagan's image to criticise tariffs.
→ The CPI report came in weaker than expected. According to Forex Factory, U.S. annual inflation stood at 3.0%, compared with the 3.1% forecast by analysts.

This week could bring heightened volatility as markets await two key rate decisions on Wednesday:
→ At 16:45 GMT+3, the Bank of Canada is expected to cut its policy rate from 2.50% to 2.25%;
→ At 21:00 GMT+3, the Federal Reserve is forecast to lower the Federal Funds Rate from 4.25% to 4.0%.

Both announcements will be accompanied by policy statements that could significantly influence USD/CAD price action.



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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.

[FXOpen Trader]

Market Analysis: GBP/USD And USD/CAD Decline As Dollar Sees Mixed Flows


GBP/USD started a downside correction from the 1.3470 zone. USD/CAD declined and now consolidates below 1.4000.

Important Takeaways for GBP/USD and USD/CAD Analysis Today
- The British Pound started a fresh decline and settled below the 1.3400 zone.
- There is a connecting bearish trend line forming with resistance at 1.3330 on the hourly chart of GBP/USD at FXOpen.
- USD/CAD started a fresh decline after it failed to surpass 1.4065.
- There was a break below a key bullish trend line with support at 1.3995 on the hourly chart at FXOpen.

GBP/USD Technical Analysis

On the hourly chart of GBP/USD at FXOpen, the pair struggled above 1.3450. The British Pound started a fresh decline below 1.3400 against the US Dollar, as discussed in the previous analysis.

The pair dipped below the 1.3350 and 1.3300 levels. A low was formed at 1.32874 and the pair is now consolidating losses. On the upside, the pair is facing resistance near 1.3330 and a bearish trend line. It is close to the 23.6% Fib retracement level of the downward move from the 1.3471 swing high to the 1.3287 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.

[FXOpen Trader]

Nasdaq 100 Analysis: Index Reaches an All-Time High


As the chart shows, trading in the Nasdaq 100 (US Tech 100 mini on FXOpen) opened with a bullish gap today, with the price rising above the 25,600 mark for the first time in history.

The upbeat sentiment is being driven by:
→ expectations of a potential interest rate cut, with the Federal Reserve's decision due on Wednesday;
→ the upcoming meeting between Chinese and U.S. leaders, where the presidents may announce a new trade agreement;
→ anticipation of quarterly earnings reports from major tech firms – Amazon (AMZN), Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Meta Platforms (META) are all set to release results this week.



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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.

[FXOpen Trader]

The ABCD Trading Pattern: Spotting Market Reversal


The ABCD trading pattern is a popular harmonic formation used by traders across forex, stock, and commodity markets. Understanding how this pattern develops may help traders anticipate price movements and build their entry strategy. Let's explore the structure of the ABCD pattern, its Fibonacci ratios, and how traders apply it to trading.

What Is an ABCD Pattern?
The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. The ABCD comprises two legs, AB and CD, and one retracement, BC, with D as an entry point.

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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.

[FXOpen Trader]

Market Insights with Gary Thomson: US and Canada Rate Decisions, Earnings Reports & Trade Tensions

In this video, we'll explore the key economic events and market trends, shaping the financial landscape. Get ready for insights into financial markets to help you navigate the week ahead. Let's dive in!

In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week's most critical events driving global markets.

👉 Key topics covered in this episode:
— US Interest Rate Decision
— Canada Interest Rate Decision
— Corporate Earnings Reports
— Trade Tensions

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.

[FXOpen Trader]

USD/JPY Declines Amid Trump's Visit to Japan


The Japanese yen strengthened on Monday, pushing the USD/JPY pair below the ¥152 mark. The move can be seen as a market reaction to U.S. President Donald Trump's visit to Japan, where he met with the newly elected Prime Minister, Sanae Takaichi.

During the visit, the two leaders proclaimed a "new golden era" in U.S.–Japan relations and signed:
→ an official trade agreement introducing a 15% tariff on Japanese exports;
→ a deal on the supply of rare earth metals.

According to several media reports, Sanae Takaichi plans to nominate Donald Trump for the Nobel Peace Prize and invest around $550 billion in the U.S. economy.



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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.

[FXOpen Trader]

Gold Extends Its Decline Below the $4,000 Level


As the chart shows, the XAU/USD quote has fallen below $3,945 today — its lowest level since 6 October. The downward momentum is being driven by traders' caution ahead of two key events:
→ the U.S. Federal Reserve's upcoming interest rate decision;
→ the meeting between U.S. and Chinese leaders, which could help ease tensions between the world's two largest economies.

Technical Analysis of the XAU/USD Chart
The ascending channel (shown in blue) illustrates gold's remarkable rally from the 20 August low (point A):
→ throughout September, the median line acted as strong support;
→ the peak at point B coincided with the upper boundary of the channel;
→ the QH line — dividing the upper half into quarters — alternated between resistance and support.



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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.

[FXOpen Trader]

Trading the Double Top Pattern: Structure, Signals, and Strategy


The double top is a classic technical analysis pattern that often signals a potential trend reversal after a strong uptrend. It can be identified across all timeframes and asset classes. However, interpreting it correctly requires precision. In this article, we will explain how to identify a double top setup and how traders apply it to trading strategies.

What Is a Double Top Pattern?
In technical analysis, a double top pattern meaning refers to a chart pattern that consists of two swing highs with a trough in between, and the two highs should be at the same or almost the same level. Some traders confuse a double top with a double bottom formation. Therefore, the question "Is the double top bullish or bearish?" is common. The double top pattern appears at the end of an uptrend, and it's always bearish. Conversely, the double bottom setup occurs at the end of a downtrend, and it's always bullish.

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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.

[FXOpen Trader]

Heikin Ashi Charts: What They Are and How May They Be Used


Heikin Ashi Candles Explained
What are Heikin Ashi candles? This charting technique was created by Japanese merchant Munehisa Homma in the 1700s to track commodity prices, although it is now used to analyse other types of assets.

Heikin means "average" or "balance" in Japanese, and Ashi means "bar" or "foot." The technique modifies a standard candlestick chart to use two-period averages in calculating each candle. This smooths out the data to filter out noise, which is expected to help traders identify market trends and reversals, although it also hides gaps and some of the price information.

Traders may use Heikin Ashi chart analysis to support them when deciding whether to open a trade or exit ahead of a reversal. They can adjust their positions based on this information by placing take-profit and stop-loss orders.

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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.

[FXOpen Trader]

Australian Dollar Rises Above $0.660


According to the AUD/USD chart today, the Australian dollar has climbed to its highest level in three weeks. The currency's strength stems from the following factors:

→ Australia's monthly consumer price index (CPI) came in stronger than expected. According to Forex Factory, annual inflation reached 3.5%, compared with analysts' forecasts of 3.1%. This marks the highest reading since July 2024, pointing to renewed inflationary pressure.

→ As a result, traders have significantly reduced bets on further monetary easing. Data from Trading Economics shows that the probability of the Reserve Bank of Australia keeping its interest rate unchanged at 3.6% at its 4 November meeting is now close to 90%.



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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.

[FXOpen Trader]

Market Analysis: EUR/USD Holds Weak, USD/CHF Retreats From Highs


EUR/USD started a downside correction from 1.1665. USD/CHF failed to clear 0.8000 and recently started a downside correction.

Important Takeaways for EUR/USD and USD/CHF Analysis Today
- The Euro seems to be facing strong resistance at 1.1665 against the US Dollar.
- There is a bullish trend line forming with support at 1.1635 on the hourly chart of EUR/USD at FXOpen.
- USD/CHF is correcting gains below 0.7960 and 0.7950.
- There is a declining channel or a bullish flag pattern forming with resistance at 0.7950 on the hourly chart at FXOpen.

EUR/USD Technical Analysis

On the hourly chart of EUR/USD at FXOpen, the pair gained pace for a move above 1.1635. The Euro tested 1.1665 and recently corrected gains against the US Dollar.

The pair dipped below 1.1645, the 50-hour simple moving average, and the 23.6% Fib retracement level of the upward move from the 1.1576 swing low to the 1.1668 high. The pair is now testing a bullish trend line forming with support at 1.1635.

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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.

[FXOpen Trader]

AUD and CAD Strengthen Amid Trump–Xi Talks


Commodity-linked currencies gained ground as optimism grew over a potential extension of the trade truce between the United States and China. Markets are looking ahead to upcoming talks between Donald Trump and Xi Jinping, expected to take place in South Korea in the coming days. Investors hope the meeting will help ease trade tensions and support global economic growth.

The US dollar is edging lower ahead of the Federal Reserve and Bank of Canada meetings. According to interest rate futures data (Reuters), markets currently price in a 95–98% probability of another rate cut in October. However, Bank of America notes that due to the government shutdown and delays in key employment data, the Fed is "flying blind", with policymakers divided over the future path of rate reductions.

The Australian dollar received an additional boost from rising industrial metal prices and a rebound in risk appetite. Optimism was further fuelled by Donald Trump's visit to Japan and comments from Prime Minister Sanae Takaichi on plans to expand economic cooperation with the US. Meanwhile, the Canadian dollar firmed against the greenback amid expectations of positive retail sales data and continued labour market stability.



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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.

[FXOpen Trader]

Nvidia (NVDA) Shares Surpass $200 for the First Time


Yesterday, Nvidia's (NVDA) share price climbed above the psychological threshold of $200 for the first time, pushing the company's market capitalisation close to $5 trillion.

Why Are NVDA Shares Rising Today?
Several bullish factors are driving Nvidia's share price higher:

→ Massive order backlog: The company reported pre-orders for its AI processors totalling an astonishing $500 billion.

→ Strategic partnership with the US government: CEO Jensen Huang announced plans to build seven AI supercomputers for the US Department of Energy.

→ Expansion into telecoms: Nvidia has invested $1 billion in Nokia, acquiring a 2.9% stake in the Finnish company to jointly develop AI-RAN and 6G technologies.



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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.