Daily Market Analysis By FXOpen

[FXOpen Trader]

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.

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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 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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.

[FXOpen Trader]

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.