Daily Market Analysis By FXOpen

[FXOpen Trader]

Nvidia (NVDA) Shares Rise Towards a Key Resistance Level


As the Nvidia (NVDA) share chart shows, during yesterday's trading session the price advanced towards a key resistance area around $192.50, where notable peaks were formed in December 2025 and January 2026. The move was supported by several factors that boosted optimism:

→ Comments from company management. Nvidia CEO Jensen Huang stated that rising spending on AI is justified and reflects a long-term growth phase for the industry.

→ Goldman Sachs analyst Jim Schneider expects Nvidia's fourth-quarter revenue to exceed forecasts and surpass $67 billion, and also anticipates strong sales and profit figures in the first quarter of the 2026 financial year.



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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 Breaks Higher As USD/JPY Loses Bullish Grip


EUR/USD started a decent upward move above 1.1880. USD/JPY declined below 155.00 and is currently consolidating losses.

Important Takeaways for EUR/USD and USD/JPY Analysis Today
- The Euro found support and started a recovery wave above the 1.1850 resistance zone.
- There is a connecting bullish trend line forming with support at 1.1890 on the hourly chart of EUR/USD at FXOpen.
- USD/JPY is trading in a bearish zone below 156.00 and 155.00.
- There is a short-term bearish trend line forming with resistance at 154.65 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 1.1765. The Euro climbed above 1.1800 and 1.1850 against the US Dollar.

The pair even settled above 1.1880 and the 50-hour simple moving average. Finally, it tested the 1.1930 resistance. A high is formed near 1.1928, and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.1765 swing low to the 1.1928 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.

[FXOpen Trader]

USD Under Pressure Ahead of NFP: Yen and Loonie in Focus


The dollar continues to decline ahead of the US January labour market report and has yet to show signs of firm stabilisation. Pressure on the US currency persists, although it is possible that following the release of the employment data the dollar may attempt to steady and find short-term support.

Investors are still trimming dollar positions in advance of the Non-Farm Payrolls report, as well as the unemployment rate and wage growth figures, which are viewed as key indicators for assessing the Federal Reserve's next steps. After a spike in volatility at the start of the week, trading activity has eased and the market has shifted into wait-and-see mode, watching whether the data will confirm a gradual easing scenario or instead provide grounds for dollar stabilisation and a corrective rebound.



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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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Silver Price Stabilises


As indicated by today's ATR reading on the XAG/USD chart, trading activity has returned to the more normal levels seen prior to the third week of January, when:

→ silver entered a phase of exuberant growth towards its record high around the $120 mark;
→ this was followed by a dramatic collapse towards the $75 area.

The volatility indicator has now fallen back to customary levels, suggesting that supply and demand are gradually moving into balance.

Yesterday's release of weaker US retail sales data could have served as a bullish catalyst for gold and silver, as signs of slowing economic activity ahead of key employment figures tend to increase demand for safe-haven assets. However, this did not occur, reinforcing the view that the market is stabilising.



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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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Amazon (AMZN) Shares Struggle to Find Support After Weak Report


As the chart shows, Amazon (AMZN) shares have displayed pronounced bearish momentum following the release of a weak earnings report on 5 February:

→ Revenue: $213.4 bn (forecast: $211.4 bn)
→ Earnings per share (EPS): actual $1.95, forecast $1.97

According to media reports, particular concern arose after Amazon announced plans to spend $200 bn on capital expenditure in 2026, mainly on AI, data centres, and chips. This represents an increase of roughly 60% from last year and significantly exceeds analysts' expectations of around $146 bn.

Market participants may fear that the AI arms race (against Microsoft and Google) will be extremely costly, monetisation of these technologies could take years, and success is not guaranteed. As a result, we see two wide bearish gaps under the $232 and $220 levels, formed after the earnings release.



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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.