Latest Analysis

Gold: Top-down Technical Analysis

During tumultuous times like the current Credit Suisse-bailout period, the top-down technical analysis could be the compass for market investors/traders.
G

Technical Analysis – USDJPY finds support ahead of FOMC, but bears still loom

USDJPY turned green ahead of Wednesday’s FOMC policy announcement, pivoting on the tentative support trendline that joins the lows from January and February on Tuesday.
U

GER40 cash index is edging lower after touching the January 17 high of 15,271 and the 50-day simple moving average (SMA).
G

Technical analysis – NZDUSD stuck in range ahead of Fed meeting

NZDUSD lost ground after peaking at the 2023 high of 0.6536 in early February. Nevertheless, the pair managed to halt its retreat and has been moving sideways within a rectangle pattern for more than a month now.
N

Technical Analysis – EURGBP recoups weekly losses; stays below key barrier

EURGBP drifted sharply higher on Thursday after securing another strong foothold around the key ascending trendline that connects the lows from last August and December 2022.
E

Apple’s stock has been trending higher since late December, generating a fresh six-month high of 157.65 in the previous daily session.
A

EURCHF added almost 3% after the bounce off the 0.9705 support level, rallying beyond the simple moving averages (SMAs).
E

Technical Analysis – EURJPY fails to rise above 200-day SMA

EURJPY has been under selling pressure after its latest advance got rejected at the 145.56 territory in early March.
E

Technical Analysis – JP225 cash index could see a sizeable move soon

The JP225 cash index is trying to stay in the green as volatility today is lower following a short period of extreme market movements.
J

Technical Analysis – GBPUSD retests 1.2270 but outlook still neutral

GBPUSD is struggling to surpass the 1.2270 resistance level but successfully jumped above the short-term simple moving averages (SMAs), which are hovering in the middle of the medium-term trading range of 1.
G

The US 500 stock index (cash) experienced a significant pullback after its advance got rejected at the 4,195 region.
U

Weekly Technical Analysis – USDJPY, GBPUSD, USDCHF

This week the highlight will be on the Fed interest rate decision, the BoE meeting as well as on the SNB decision and the focus would turn on how USDJPY, GBPUSD and USDCHF may react.

Technical Analysis – Gold jumps above crucial $2,000 mark

Gold has been in a steep uptrend since early March due to the ongoing turmoil in the global banking sector.
G

Technical Analysis – EURUSD holds above long-term support trendline; neutral in short-term

EURUSD has been in a consolidating mode since February 6 and is holding within the 20- and the 50-day simple moving averages (SMAs).
E

Technical Analysis – Silver bulls are still hungry, but the technical picture is complicated

Silver appears to have found a new balance around the 21.70 area, recovering somewhat from the 4-month low of 19.

Technical Analysis – AUDJPY seems to be establishing a new range

AUDJPY came under buying interest yesterday from near the 87.25 zone, which offered support on December 20 and January 3, as well as back on May 12.

Technical Analysis – GBPJPY vulnerable despite upside correction

GBPJPY bounced back into the upward-sloping channel to close with moderate gains following the freefall to a one-month low of 158.

Technical Analysis – USDCAD stuck in range after advance gets rejected

USDCAD has been in a steady uptrend after bouncing off its 2023 low of 1.3262 in late January. However, the pair experienced a pullback and has been trading sideways since the 1.

USDCHF is falling further after the strong buying interest on Wednesday. The pair is heading beneath the 20- and the 50-day simple moving averages (SMAs) while the technical oscillators are endorsing the negative structure.

Technical Analysis – ETHUSD retraces lower after posting fresh 6-month high

ETHUSD (Ethereum) experienced a significant correction after its 2023 rally stalled around the 1,740 zone in mid-February.



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.