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Latest Analysis

XM Research - 5 hours agoNeutral

Technical Analysis – Are there any bullish signals in the US 500 index?

US 500 index holds above 20- and 50-day EMAs Technical indicators are not in the bearish area yet A surge above 5,340 is needed for a positive outlook revision   The US 500 stock index (cash) rose slowly to reach an intra-day high of 5,302 on Monday, only to immediately relinquish its mild gains and trade slightly negative below April's bar of 5,281. Friday’s bounce off the 20- and 50-day exponential moving averages (SMAs) questioned the case of a bearish trend reversal and
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XM Research - 8 hours ago

Weekly Technical Outlook – USDJPY, EURUSD, USDCAD

USDJPY continues to trade with resilience near April’s bar as forecasts point to robust US jobs data EURUSD holds within caution area as the ECB prepares to cut interest rates USDCAD directionless despite a probable rate cut in Canada this week   Nonfarm payrolls, ISM business PMIs --> USDJPY The Fed is not expected to cut interest rates before September according to futures markets, and although the wolves of Wall Street are not fond of this scenario, the US dollar ca
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XM Research - 9 hours agoNeutral

USDJPY advances steadily supported by the 50-SMA Oscillators suggest that bearish forces are strengthening USDJPY has been in a steady recovery since mid-May, posting a one-month high of 157.70 last week. Although the pair experienced a pullback from its recent peak, the ascending 50-period simple moving average (SMA) seems to be providing a strong floor.
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XM Research - 12 hours agoBearish

Technical Analysis – EURCHF declines sharply from 14-month high

EURCHF hits a fresh 14-month high of 0.9928 Before plunging towards the 50-day SMA Momentum indicators turn bearish   EURCHF has been in a steady recovery since late December, attempting to erase its massive 2021-2023 downtrend. Last week, the pair surged to a fresh 14-month peak of 0.9928, but quickly retraced lower until the 50-day simple moving average (SMA) curbed its retreat.
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XM Research - 12 hours agoNeutral

Technical Analysis – Gold on a slippery slope

Gold tries to enter Ichimoku cloud Prices stand in short-term sideways move Momentum oscillators lose steam Gold prices are currently capped by the 20- and the 50-day simple moving averages (SMAs), remaining within the short-term consolidation area of 2,277 and 2,431. In the near-term, the market could maintain a sideways move if the RSI keeps moving beneath 50 and the blue Kijun-sen line, hold flat.
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XM Research - 13 hours agoNeutral

Technical Analysis – EURUSD neutral in short-term but still bullish in medium-term

EURUSD rebounds off 1.0800 and 200-day SMA Trades within narrow range MACD and RSI lack direction EURUSD is currently moving sideways within a two-week consolidation area with upper boundary the 1.0895 resistance and lower boundary the 1.0800 round number. Looking at the momentum indicators, the RSI is lacking direction slightly above the neutral threshold of 50, suggesting that the market could keep consolidating in the near term. The MACD also supports this view in the p
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XM Research - 3 days agoBearish

US 100 index starts a new bearish phase, tests 20-day SMA More losses likely below 18,467; Long-term uptrend solid above 17,760 US core PCE inflation index flat at 2.8% y/y; personal spending eases    The US 100 stock index gave back last week’s gains to trade near the 20-day simple moving average (SMA) at 18,465 after its record rally flatlined near the 18,880 bar.
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XM Research - 4 days agoNeutral

Technical Analysis – EURGBP stuck around the crucial 0.8500 floor

EURGBP remains directionless near the long-term 0.8500 reflection point Technical signals flag oversold conditions, but a bullish outlook could come above 0.8600   Despite hitting a 20-month low of 0.8482, EURGBP has remained flat and unable to establish a clear direction around the significant level of 0.8500 over the past week. Eurozone’s preliminary CPI inflation data will be out today at 09:00 GMT.
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XM Research - 4 days agoBullish

Technical Analysis – USDCAD meets uptrend line again and again

USDCAD fails to climb above 1.3740 Momentum oscillators show contradicting signs USDCAD has been rebounding off the medium-term ascending trend line over the last couple of weeks, remaining in a positive territory. However, the pair is also finding strong resistance around the 1.3740 barricade with the short-term simple moving averages (SMAs) suggesting a potential bearish crossover.
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XM Research - 4 days agoNeutral

Technical Analysis – AUDUSD bullish tendency in doubt

AUDUSD in the green again today, above a key trendline AUD has managed to withstand the recent USD strength Momentum indicators mixed; stochastics could send a bearish signal AUDUSD is recording another green candle today as the market continues to react positively to the recent data releases from Australia and, in particular, the hotter April inflation print.
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XM Research - 4 days agoBearish

Technical Analysis – US 30 index on the slide for the second week

US 30 index creates a double top pattern near 40,000; slips below key support levels A step beneath 37,847 could motivate more selling US Q1 GDP figures revised down; core PCE inflation next on the agenda   The US 30 index (cash) has been suffering the most on Wall Street over the past two weeks. Having topped twice near the 40,000 psychological mark last Monday, the index lost around 4.4% to trade near 38,050 ahead of Friday’s core PCE inflation data.
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XM Research - 4 days agoNeutral

Meta shares in a steady recovery after Q1 earnings plunge Stock remains rangebound below 50-day SMA in past few sessions Momentum indicators fail to turn positive Meta’s (Facebook) stock has been attempting a rebound in the short term following a 15% drop in the aftermath of its Q1 earnings announcement on April 24. However, the recovery has been on hold in the past few sessions as the price is trading sideways a tad beneath its 50-day simple moving average (SMA).
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XM Research - 4 days agoBullish

Technical Analysis – ETHUSD pulls back from 2-month high

· ETHUSD posts fresh 2-month high following ETF approval · But sustains some losses as advance seems overstretched · Momentum indicators ease from overbought conditions ETHUSD (Ethereum) has been on the rise after claiming the 50-day simple moving average (SMA) in mid-May. Moreover, the regulatory approval of spot-Ethereum ETFs in the US boosted the price to a fresh two-month peak of 3,974 before erasing some gains.
XM Research - 4 days ago

Midweek Technical Look - GBPUSD, EURJPY, Oil

GBPUSD corrects lower but holds within a bullish channel ahead of US core PCE inflation EURJPY slides below 170 as the focus turns to EZ flash CPI inflation WTI oil futures erase some gains as OPEC+ meeting awaited on Sunday
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XM Research - 4 days agoBearish

Gold posts 3-week low around 2,322 Momentum oscillators stand below their mid-levels Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the upper Bollinger band and the 200-period simple moving average (SMA) in the 4-hour chart. The short-term technical indicators are bearish and point to more weakness in the market.
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XM Research - 5 days agoBullish

Technical Analysis – USDJPY reapproaches multi-year highs

USDJPY in a recovery mode after pullback halts at 50-day SMA Momentum indicators are softening but remain in bullish zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However, the pair has slowly but steadily recouped a significant part of these losses, attempting to revisit its recent multi-year highs.
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XM Research - 5 days agoNeutral

Technical Analysis – WTI crude oil erases gains below 80.00

WTI crude oil finds resistance at 200-day SMA Stochastics and RSI head south WTI crude oil futures with delivery in July have failed to surpass the 80.00 level once again and are currently returning below the 200-day simple moving average (SMA). The price has been developing within a narrow range of 76.58-80.00 since the beginning of the month.
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XM Research - 6 days agoBullish

Technical Analysis – NZDUSD pauses advance at 61.8% Fibonacci

NZDUSD stages a solid recovery from its 2024 lows Posts a two-month high and challenges 61.8% Fibo Oscillators point to persistent bullish pressures   NZDUSD has been in an aggressive uptrend after recording a 2024 bottom of 0.5851 in mid-April. The positive short-term picture is reinforced by the fact that the pair broke above both its 50- and 200-day simple moving averages (SMAs), while the momentum indicators are also heavily tilted to the upside.
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XM Research - 1 week agoBullish

EURCHF may be ready for downside retracement MACD and RSI look overstretched EURCHF is travelling near the almost 14-month high of 0.9930, creating an impressive bullish movement since the beginning of the year. Given the current negative momentum in the very short-term, the question now is whether the pair will stay resilient above the 0.9880 key region.
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XM Research - 1 week agoBullish

Technical Analysis – EURJPY advances towards 40-year high

EURJPY is in a steady uptrend, threatening multi-year peak But oscillators point to overbought conditions EURJPY has been in a steady advance since the beginning of May following its bounce off the long-term ascending trendline. However, the risk of a pullback has increased as the price is approaching its 40-year high of 171.56 given that momentum indicators are flashing overbought conditions.
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