Latest Analysis

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.

Technical Analysis – WTI futures touch 7-year high levels around 84-dollar handle

WTI oil futures have climbed to a 7-year high after the price creeped above the simple moving averages (SMAs) and broke above the previous high of 76.

Technical Analysis – AUDJPY rockets to 44½-month high before negative forces surface

AUDJPY has been tracing the upper Bollinger band for two weeks now, reaching a more than 3½-year high of 86.

EURJPY recorded its second 4-hour session of losses after a failed attempt to break significantly above the four-month high of 133.

Technical Analysis – AUDUSD’s bullish improvement under question

AUDUSD’s three-week upside momentum seems to be fading ahead of the 200-day simple moving average (SMA). The negative bearing of the 50- and 100-day SMAs has softened, while the 200-day SMA is hovering.

Technical Analysis – GBPAUD steps on key trendline after five bearish weeks

GBPAUD is in the fifth week of declines but hopes for a bullish transition are currently growing large as the price is challenging the key ascending trendline drawn from January’s lows and the 200-day simple moving average (SMA) at 1.

EURUSD is moving slightly lower following the pullback off the 38.2% Fibonacci retracement level of the downward move from 1.

Technical Analysis – Tesla stock bullish but overbought ahead of Q3 earnings

Tesla’s stock rose exponentially last week to finally close the large gap with January’s record high of 899.

Technical Analysis – EURCHF’s upside looks bleak as sellers lead

EURCHF has plunged back below the simple moving averages (SMAs) after the positive price action was halted around the 1.

EURGBP is currently pushing above the mid-Bollinger band at 0.8442, following a two-and-a-half-week decline that found its feet around the 0.

Technical Analysis – USDJPY advances stumble at near 4-year highs

USDJPY’s one-month rally off 109.19 may be running out of steam in the vicinity of the resistance band of 114.

GBPJPY penetrated the symmetrical triangle to the upside at the beginning of the month, extending the bullish bias.

Technical Analysis – NZDUSD snaps descending channel; bias cautiously bullish

NZDUSD inched to a four-month high of 0.7178 on Thursday following the advance above the eighth-month-old descending channel and the 200-day simple moving average (SMA) on Wednesday.

Gold prices rebounded off the valid ascending trend line around 1,765, surpassing the bearish cross within the 20- and 40-day simple moving averages (SMAs) and the 200-day SMA.

Technical Analysis – US 500 index returns to gains; more bullish outlook is expected

The US 500 (Cash) index has strongly rebounded off the 4,270 barrier and the momentum indicators now suggest that the market sentiment is back to bullish as the MACD is entering the positive region, holding above its trigger line.

USDCAD is extending its losses and is currently trading below the falling trend line and the short-term simple moving averages (SMAs), completing a three-month low of 1.

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.