Latest Analysis

Technical Analysis – EURUSD advances freeze ahead of 1.2000 mark

EURUSD has significantly improved extending above the simple moving averages (SMAs), yet it has come just short of the 1.

The US 100 stock index (cash) surrendered its gains on the four-hour chart shortly after touching a new record high of 14,036 on Wednesday.

EURJPY’s predominant bullish picture reached a 2½-year high at 130.67 but has recently succumbed to the resistance section of 130.

Technical Analysis – USDCHF shapes steady decline; rebound looks feeble

USDCHF appears to have moulded a stable descent from the nine-month peak of 0.9472, a key level where the pair collapsed back in July 2020.

Technical Analysis – WTI futures surpass Ichimoku cloud and 62.60 level

WTI crude oil futures are increasing their positive bias after several days of flat periods, remaining above the long-term ascending trend line.

Technical Analysis – Tesla bulls speed up towards January’s blocks

Tesla’s stock has finally claimed the tough resistance of 720.00 but another hurdle popped up around the 777.

GBPJPY has been trending to the downside over the last week after the pullback off the three-year high of 153.

Technical Analysis – Gold snags necessary footing for retest of range’s ceiling

Gold recently established some positive traction off the converged simple moving averages (SMAs) and the Ichimoku cloud’s upper surface, after failing to previously clear the resistance band of 1,756-1,760.

EURGBP spiked just shy of the resistance section of 0.8713-0.8742, struggling also to defeat the 0.8700 handle as sellers coerced the pair lower.

Technical Analysis – USDJPY enters bearish zone after support line cracks

USDJPY bears managed to fracture the floor around the surface of the broken bullish channel after a three-day battle, pressing the price to a three-week low of 108.

Technical Analysis – NZDUSD retests 0.7100 in a downside correction

NZDUSD has been in a downside correction since the pullback from the three-and-a-half-year high of 0.7463, holding within the 20- and 40-day simple moving averages (SMAs).

Technical Analysis – WTI futures push higher within a ranging market

WTI oil futures have nudged back above the 60.00 mark, overstepping the Ichimoku cloud and the 100-period simple moving average (SMA) on the four-hour chart at 60.

USDCAD is heading aggressively higher above the short- and long-term simple moving averages (SMAs), surpassing the 1.

EURCHF has retreated to the vicinity of the 50-day simple moving average (SMA) after fading under the formed support around the 1.

Technical Analysis – GBPUSD calls for a bullish reversal near 1.3670 support

GBPUSD could be due for an upside correction following the stabilization near the key 1.3670 support region.

Technical Analysis – EURJPY struggles near 29-month high

EURJPY is sustaining its upward trajectory above the ascending trendline, currently flirting with the 29-month high of 130.

Technical Analysis – AUDUSD edges sideways but remains negatively skewed

AUDUSD’s positive efforts are currently being capped by the 100-period simple moving average (SMA) and the pair appears to be ranging above the 0.

Technical Analysis – USDJPY eyes 109.00 handle and negative pressures lose power   

USDJPY’s recent pullback from the one-year high of 110.96 does not seem to have the necessary potency to successfully overpower the positive bias.

Technical Analysis – EURUSD bulls run out of steam near 1.1900; trend bearish

EURUSD is struggling to set a foothold above the 200-day simple moving average (SMA) despite inching above that line to reach an almost three-week high of 1.

The US 500 stock index (Cash) has been improving steadily lately, although it appears the progress in the price may suffer a minor setback as increasing bearish forces are contesting the uptrend.



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.