Daily Market Analysis By FXOpen

Three of the Most Prominent Scalping Strategies in Forex


Scalping in the forex market is characterised by executing rapid and frequent trades within very short periods of time. This trading style requires fast decision-making, precise risk management, and keen market awareness to spot emerging opportunities. In this article, we describe some popular strategies in forex scalping and discuss their application.

The Scalping Method in Forex Trading

The core principle behind scalping is to make numerous small profits, exploiting short-term movements rather than waiting for significant price swings. When scalping, the focus is on very short timeframes and the strategies are designed on 1-, 5-, or 15-minute charts. Still, some traders start from longer-term charts to get the general context about the overall price direction and to identify support and resistance levels. Then, they switch to a shorter time frame chart to specify the actual strategy and determine entry/exit points.

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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.

Alphabet (GOOGL) Stock Chart Analysis Following Earnings Release


Earlier this week, we highlighted the prevailing bullish sentiment in the market ahead of Alphabet?s (GOOGL) earnings report, noting that:
→ an ascending channel had formed;
→ the psychological resistance level at $200 was of particular importance.

The earnings release confirmed the market?s optimism, as the company reported better-than-expected profits, driven by strong performance in both its advertising and cloud segments.

In his statement, CEO Sundar Pichai noted that AI is positively impacting all areas of the business, delivering strong momentum.

The company is expected to allocate $75 billion this year to expand its AI capabilities.

As a result, Alphabet (GOOGL) opened yesterday?s trading session with a bullish gap (as indicated by the arrow). However, as the session progressed, the price declined significantly, fully closing the gap.



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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.

Europe and the US Sign Trade Agreement, EUR/USD Declines


The past weekend was marked by the official signing of a trade agreement between the United States and Europe, as announced by US President Donald Trump and President of the European Commission Ursula von der Leyen following their meeting in Scotland.

According to reports, the agreement is based on a 15% baseline tariff on goods exported from Europe to the United States, with certain exemptions. As previously reported, a trade agreement with a 15% baseline tariff had earlier been concluded between the US and Japan.

According to President Trump:
→ under no circumstances did he allow the baseline tariff for Europe to fall below 15%;
→ the European Union committed to investing in the US economy, purchasing weapons, and importing energy resources.

The financial markets? reaction to this news is noteworthy:
→ European stock indices opened the week with a bullish gap, reflecting relief that previously feared tariffs of up to 30% did not materialise;
→ the EUR/USD pair is exhibiting bearish momentum this morning.

Technical Analysis of the EUR/USD Chart


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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.

Palantir Technologies (PLTR) Shares Surpass $160 for the First Time


Shares of Palantir Technologies (PLTR), a company specialising in big data analytics software, have continued their impressive performance. Following an extraordinary rally of approximately 340% in 2024, the stock remains among the top performers in the equity market:

→ since the beginning of 2025, the share price has climbed by approximately 113%;
→ on Friday, PLTR set another all-time high, with the share price exceeding $160 for the first time.

What Is Driving Palantir Technologies (PLTR) Higher?

The bullish sentiment is underpinned by the following factors:

→ Major partnerships. Among the contracts are an agreement with the US Army to develop a command system, collaboration with Accenture Federal Services, and many others.

→ Positive analyst outlooks, highlighting Palantir?s unique growth model and high margins. Analysts at Piper Sandler have set a price target of $170 for PLTR, while Wedbush recently raised their target to $160.

In addition, investors are looking ahead with optimism to the upcoming quarterly report scheduled for 4 August, which is expected to reinforce Palantir?s leadership position in a market increasingly driven by AI technologies.

Technical Analysis of Palantir Technologies (PLTR) Chart


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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.

Nasdaq 100 Index Hits New Highs Ahead of Big Tech Earnings


Earlier, we noted signs of optimism in the Nasdaq 100 index (US Tech 100 mini on FXOpen) as the market anticipated earnings reports from major tech firms.

Now, companies such as Alphabet (GOOGL) and Tesla (TSLA) have already released their results (we previously covered their charts → here and here). Up next are the most highly anticipated earnings reports: this week, tech giants including Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL) are set to publish their results. The combined market capitalisation of these four companies exceeds $11 trillion, and their reports could have a significant impact on a stock market that is already showing strong bullish sentiment:

→ The Nasdaq 100 index (US Tech 100 mini on FXOpen) has climbed to an all-time high, surpassing the 23,400 mark.
→ The signing of trade agreements between the US and Europe (and earlier, Japan) has eased concerns about the negative impact of tariff barriers.



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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.

Decoding the Smart Money Concept for Forex Trading


In the forex market, understanding the intentions of major market participants?such as banks, hedge funds, and other institutional players?may improve trading strategies. These entities, collectively known as "smart money," are responsible for driving large-scale price movements and creating the structural flow of the market.

The Smart Money Concept (SMC) is a price action-based trading methodology that seeks to identify the footprints of institutional activity. By analysing market structure shifts, liquidity zones, order blocks, and inducements, traders can position themselves alongside professional capital rather than against it.

In this FXOpen article, we break down the key components of SMC and discuss how traders can use this advanced framework to anticipate price direction, optimise trade entries, and improve overall risk management.

Smart Money Concept Explained
The Smart Money Concept (SMC) is based on the idea that tracking the activity of major institutional players?such as banks, hedge funds, and asset managers?can provide retail traders with critical insights into potential market direction and emerging trends.

These institutional investors, often referred to as ?smart money,? include banks, hedge funds, and investment firms, wielding significant capital power to influence market directions. The core of SMC lies in the belief that by observing and understanding the trading behaviours and patterns of these entities, retail traders can align their trading strategies to potentially tap into more favourable results.

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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.

EUR/USD Hits Lowest Level Since Early July


As the EUR/USD chart indicates today, the euro has fallen below the 1.1550 mark against the US dollar, reaching the lows of June 2025. As a result, July may become the first month in 2025 to record a decline in the currency pair.

Why Is EUR/USD Declining?

There are two key factors driving the euro?s weakness relative to the US dollar:

→ Anticipation of the Federal Reserve Meeting. At 21:00 GMT+3 today, the Fed?s interest rate decision will be released. According to Forex Factory, analysts expect the Federal Funds Rate to remain unchanged at 4.25%-4.50%.
→ Market Reaction to the US-EU Trade Agreement. The trade deal signed last weekend between the United States and Europe is being critically assessed by market participants.

As noted in our Monday analysis, signs of a bearish takeover emerged on the chart following the agreement?s signing. Since then, EUR/USD has declined by approximately 1.3%. The question now is whether the downtrend will continue.



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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.