Latest Analysis

The US 500 stock index’s (Cash) recent progress has hit a snag around the converged 100- and 200-period simple moving averages (SMAs), pulling back after spiking to the September 17 high of 4,482.

Palladium futures (December delivery) have been quite muted over the past couple of sessions on the four-hour chart, struggling to surpass the 20-period SMA.

USDJPY bounced rapidly on the resistance-turned-support level of 110.55 early on Monday, insisting to stretch last week’s explosive trendline breakout up to the 111.

Technical Analysis – EURUSD challenges floor of 2-month trading range

EURUSD remains skewed to the downside with sellers looking ready to retest the nine-and-a-half-month trough of 1.

Technical Analysis – Gold shifts northwards but lacks bullish signals

Gold kicked off Monday’s session with a soft positive momentum following last week’s consolidation around 1,740 and along the dashed restrictive line, which has been occasionally acting as support to downside corrections over the past two months.

Technical Analysis – NZDUSD positive impetus fades as 100-MA deters gains

NZDUSD has dipped back down to the 200-period simple moving average (SMA) after the pair’s recent bounce around the 0.

The US 100 stock index (Cash) has jumped back near the 40-day simple moving averages (SMAs), which is acting as strong resistance for hitting the record high of 15,708.

GBPUSD’s bounce at a one-month low of 1.3608, just shy of the floor of the short-term trading range, has become capped by the 50-period simple moving average (SMA).

Technical Analysis – USDCAD loses battle with key resistance; uptrend stagnates

USDCAD saw its bullish efforts evaporate near the tough resistance of 1.2824 for the second time at the start of the week despite the peak at 1.

Technical Analysis – GBPJPY surpasses 200-day SMA in descending channel

GBPJPY is advancing above the 200-day simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the up leg from 129.

Technical Analysis – EURJPY forms inverse head and shoulders; advances curbed by 200-MA

EURJPY is currently pushing up against the 200-period simple moving average (SMA) after completing what looks to be an inverse head and shoulders reversal pattern.

Technical Analysis – US 30 index advances after bullish double bottom pattern

The US 30 index (cash) charted a bullish double bottom pattern near July’s base of 33,815 on the four-hour chart, with the price skyrocketing to 34,747 on Thursday following the close above the 33,324 neckline.

EURUSD is posting positive sessions, surpassing the 20-period simple moving average (SMA), following the bounce off 1.

GBPJPY has pushed higher off a two-month low of 148.94 but is finding some difficulty in extending the move far above the 150.

Technical Analysis – AUDUSD resilient above 0.7230, but still under bearish risk

AUDUSD was unsuccessful in piercing the 0.7300 level late on Wednesday but resilient enough to hold above the familiar base of 0.

Technical Analysis – WTI futures holds a bullish bias but strong resistance awaits near 73.00

WTI futures are climbing above the Ichimoku cloud and the bullish crossover within the 20- and 40-day simple moving averages (SMAs), challenging again the previous days’ high of 72.

USDCHF has been trying to break the 0.9330 resistance level in the last few days, but the failed attempt has taken the pair down to the red Tenkan-sen line around 0.

EURCHF’s attempts to recoup lost ground after plummeting towards the 200-period simple moving average (SMA) appear to be lacking decisive upward drive.

Technical Analysis – USDJPY indecisive between key boundaries

USDJPY used the support around 109.10 once again to stand on its feet on Wednesday after two days of declines.

Technical Analysis – NZDUSD remains below descending trend line

NZDUSD is rising somewhat after it found strong resistance at the long-term descending trend line around the 0.

Trade Ideas


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.