Latest Analysis

Technical Analysis – EURJPY bearish as it dips beneath 200-MA

EURJPY’s bearish trajectory is gaining pace after the 200-period simple moving average (SMA) at 129.63 failed to provide the pair with footing as it was tested for a second time by sellers.

Technical Analysis – USDCHF shows negative signs in the short-term

USDCHF had a bearish start on Thursday, with the price breaking a crucial level below the 20- and 40-day simple moving averages (SMAs).

Platinum futures (April delivery) staged a rapid upturn on Wednesday to exit the recent consolidation area and return to November’s levels.

Technical Analysis – GBPJPY moves sideways after its December rally

GBPJPY has been in a trading range since early January without being able to indicate a clear direction. Moreover, the pair has recently crossed below its 50-period simple moving average (SMA), indicating that negative forces might be gaining ground.

EURGBP has adopted a softer negative trajectory since January 5, something also being reflected in the gentle slope of the 50-period simple moving average (SMA).

Technical Analysis – WTI oil futures overbought but 90 level still in focus

WTI oil futures (March delivery) are marking their fifth consecutive bullish week. Having fully recovered from November's sell-off, the price managed to print a new seven-year high at 86.

Technical Analysis – AUDUSD rises in ascending channel; bullish bias

AUDUSD is moving within the Ichimoku cloud and the short-term simple moving averages (SMAs), while in the bigger picture the price has been in an ascending channel since December 2021.

Technical Analysis – Gold shackled in a neutral trajectory as driving forces fade

Gold has fairly flatlined around the Ichimoku clouds’ upper band, where the 50- and 100-period simple moving averages (SMAs) are also residing.

Technical Analysis – EURCHF downtrend continues, marking yet more lower highs

EURCHF has continued its downward trend, marking yet more lower highs and lower lows as negative forces linger.

Technical Analysis – NZDUSD preserves buying interest with technical support

NZDUSD has been quite unstable, oscillating between gains and losses within the 0.6700 – 0.6900 territory since the drop to a one-year low of 0.

Technical Analysis – USDJPY struggles within SMAs after bullish doji

USDJPY is hovering within the 20- and 40-day simple moving averages (SMAs) after the bounce off the 113.45 support level that posted on Friday, creating an impressive spike.

Technical Analysis - US 100 extends decline as negative momentum intensifies

The US 100 stock index (cash) has been trending downwards in the short term since its long-term upside trajectory peaked at the all-time high of 16,767 in late November.

WTI oil futures are struggling to some extent to boost the one-month uptrend, which began from the 66.12 level, even after ticking slightly above the 7-year high of 85.

Technical Analysis – USDCAD marks yet more lower highs as bearish forces linger

USDCAD has marked yet more lower highs and lower lows due to lingering negative forces. Moreover, the pair is also trading well below its 50- and 200-period simple moving average (SMA), and has recently completed a ‘death cross’ where the 50-period SMA has crossed below the 200-period SMA, increasing fears of a sustained bearish outlook.

Technical Analysis – GBPUSD turns south after reaching 200-day SMA

GBPUSD is reversing following the advance to the 1.3745 level, which represents a nearly three-month high.

Technical Analysis – EURJPY bounces off 2-week low but more upside is needed

EURJPY has quickly recovered Friday’s drop to a two-week low of 129.77, bouncing back above its simple moving averages (SMAs) and the 50% Fibonacci level of the October-November downfall.

Technical Analysis – AUDUSD’s bearing in question as gradual ascent struggles

AUDUSD turns somewhat neutral as the pair’s improvements have failed to take flight for around one-and-a-half-months now.

Technical Analysis – Gold sluggish below 1,830 but bullish pressures still alive

Gold has been trading at a sluggish pace below the tough 1,830 resistance zone for the past three weeks, but the latest upturn in the price could show more resilience according to the technical picture.

Technical Analysis – USDJPY finds foothold on 200-MA, but bearish risks linger

USDJPY buyers are trying to extend the bounce from the 113.47 level far beyond the recently conquered 200-period simple moving average (SMA) at 114.

Palladium futures (March delivery) have recovered some lost ground after their long-term decline ceased at the three-year low of 1,526 in mid-December.



Trade Ideas

SymbolSourceDirection

Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.