Latest Analysis

Technical Analysis – EURJPY points to more losses ahead of ECB policy meeting

EURJPY entered a downhill race following the peak at a four-month high of 133.47 in the four-hour chart, correcting below its shorter-term simple moving averages (SMA) and more recently below the Ichimoku cloud, which kept the bears under control on Wednesday.

Technical Analysis – AUDUSD stuck around 0.7500, but bias still positive

AUDUSD keeps fighting for a decisive close above the 0.7500 level for the second consecutive week, despite setting a foothold near the 0.

Technical Analysis – GBPJPY sellers struggle to amplify price pullback   

GBPJPY is currently finding its feet around a support barrier shaped between the 156.00 handle and the highs reached in late May and early June.

Technical Analysis – Boeing’s stock nears key support ahead of Q3 earnings

Boeing’s stock price has been on the sidelines since the peak to a one-year high of 278.28 in March, remaining trapped below the strong ascending trendline for another month and far below its pre-pandemic levels.

Technical Analysis – NZDUSD gains at risk as sellers push back

NZDUSD buyers have re-emerged after the minor price retreat but attempts to limit sellers’ ruling power are looking to have been in vain.

EURAUD is pushing hard to hold above May’s support of 1.5418 after a flash drop to a seven-month low of 1.

Technical Analysis – USDJPY takes a breather before rallying again

USDJPY has rebounded off the 113.40 support level with the simple moving averages (SMAs) following the market action.

Technical Analysis – Amazon stock eases near 200-day SMA prior to earnings announcement

Amazon stock has been trending downwards in the medium term after achieving an all-time high of 3,769 in early July, but since August, it has adopted a more sideways pattern.

Technical Analysis – Apple stock regains positive momentum

Apple’s stock has regained its positive momentum after its early October lows, surpassing its 50-day simple moving average (SMA) and targeting its all-time high at 157.

Technical Analysis – EURJPY buyers resurface at 23.6% Fibonacci at 132

EURJPY’s minor pullback is finding its feet at the 132.00 handle, that being the 23.6% Fibonacci retracement of the up leg from 125.

Technical Analysis – GBPUSD pulls back from 200-day SMA; maintains bearish pattern

GBPUSD found a strong resistance at the 200-day simple moving average (SMA) currently at 1.3830, where the 50.

Technical Analysis - Microsoft stock near all-time high prior to earnings publication

Microsoft stock price is withdrawing slightly from its freshly reached all-time high of 310.84, but the outlook appears to remain strongly bullish.

Google stock keeps heading south ahead of its earnings release tomorrow, currently struggling to crawl back above its 20-day simple moving average (SMA) at 2,775 The RSI is also in bearish territory below 50, clearly pointing down, as the MACD is losing ground in the positive region, both suggesting that the next move in the price could be to the downside than to the upside.

Technical Analysis – Gold fails to leave 1,800 level in the dust; upside shaky

Gold is struggling to convincingly conquer the 1,800 handle and thus some doubt has been thrown into gold’s positive picture as sellers pushed back heavily in Friday’s trading session.

Technical Analysis – EURUSD flirts with 1.1665 again bound by short-term SMAs

EURUSD has hardly gained ground above the 15-month low of 1.1523, although the recent weak bullish effort could see further extension above the 1.

The US 30 stock index (Cash) has barely conquered the previous all-time-high reached on August 16 at 35,632, though the picture remains upbeat.

Technical Analysis – USDCAD retraces to 1.23 level before foothold takes shape

USDCAD is consolidating across the 1.2300 handle after the price slipped back below the Ichimoku cloud and the simple moving averages (SMAs) over a period of one-month.

Technical Analysis – GBPJPY turns neutral below 5-year high; trend signals in focus

GBPJPY shifted to the sidelines after its two-week straight-line rally faltered near a five-year high of 158.

GBPUSD has been developing within an upward sloping channel over the last month. Looking at the very short-term picture, the pair found strong resistance at the 20-period simple moving average (SMA) with the technical indicators confirming the corrective move.

The US 100 stock index (cash) is at a critical situation as the bulls are currently looking to correct the break below the long-term ascending trendline, which caused the aggressive downfall to a three-month low of 14,382 at the end of September.



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.