Ichimoku cloud

Technical Analysis – GBPAUD looking bearish after death-cross

Posted on January 26, 2016 at 2:14 pm GMT

GBPAUD is looking increasingly bearish after the 50-day moving average crossed below the 200-day moving average in the past week. The near term bias is to the downside as RSI remains below 50. The medium term outlook is also bearish as prices remain below the Ichimoku cloud and the moving averages. The pair is likely to stay in bearish mode unless it can cross back above the 50-day moving average. This could give it further upside momentum to target the [..]

Technical Analysis – GBPJPY drops below 165 on increased bearishness

Posted on January 21, 2016 at 12:09 pm GMT

GBPJPY has turned sharply bearish since the start of the year on increased economic and political concerns for the pound and safe haven appeal for the yen. The pair has been trading below the 50- and 200-hour moving averages since December. Prices are currently stuck below the Ichimoku cloud as the upside momentum from earlier in the day proved too weak to push the pair above the 50-hour moving average and RSI has dipped back below 50. Any renewed attempt [..]

Technical Analysis – EURJPY strengthens bearish bias below 130

Posted on January 4, 2016 at 7:26 am GMT

EURJPY dipped below 130.00 to touch 129.75 on the first trading day of 2016. The technical setup favors a retest of the November 2015 low of 129.65 and below this the April 2015 low 126.08. The market is below the daily Ichimoku cloud and also below the 200-day moving average, highlighting the bearish bias. The RSI is below 50 in bearish territory, suggesting there is downward momentum. Prices would have to rise back above the cloud and above the key [..]

Technical Analysis – German stock futures find resistance below 200-day MA

Posted on November 11, 2015 at 2:45 pm GMT

German stock futures (GER30) have rallied about 18% since the September 29 low of 9299.80. However, prices remain south of the 200-day moving average, finding resistance just below it at 11056. The index remains 12% down from its all-time high of 12433.40 it set on April 13. The near term bias is looking bullish with RSI holding strongly above 50 and the tenkan-sen and kijun-sen lines positively aligned above the Ichimoku cloud. The next resistance for GER30 is 11100. A [..]

Technical Analysis – US oil futures hold above cloud; outlook neutral

Posted on November 3, 2015 at 2:11 pm GMT

US oil futures held within its four-day trading range after moving above the Ichimoku cloud following the strong rally seen on October 28. RSI remains neutral just above 50 but the stochastics are in overbought territory, indicating the current momentum is unlikely to hold in the near term. Prices have found support from the 50-day moving average, while the kijun-sen line is providing resistance at 46.74. In the broader picture, prices would need to challenge the 50% of the Fibonacci [..]

Technical Analysis – US500 stock futures rise above 200-DMA; bias turns bullish

Posted on October 26, 2015 at 3:03 pm GMT

US500 stock futures rose above the 200-day moving average for the first time since August 20, recouping its year-to-date losses in the process. The index has been rallying since the end of September and has retraced more than 61.8% of the July-August downleg. The strong upside momentum has faltered in the hourly RSI and stochastics charts but remains positive in the daily charts suggesting the rally may hold for a while longer in the near term. With prices sharply above [..]

Technical Analysis – EURAUD regains upwards momentum but unable to hold above 50-DMA

Posted on October 21, 2015 at 9:11 am GMT

EURAUD jumped above the 50-day moving average today before dropping back below it. The pullback was expected as RSI and the stochastics surged into overbought territory in the intra-day chart. But they remain in positive territory in both the intra-day and daily charts so the upwards momentum should hold in the near-term. The Kijun-sen line is providing resistance at the top of the Ichimoku cloud at 1.5823. Prices need to rise above this level if EURAUD is to break out [..]

Technical Analysis – EURJPY stuck in range; outlook neutral

Posted on October 20, 2015 at 2:35 pm GMT

EURJPY tested the 136 handle on Tuesday as it attempts to close above the 50-day moving average after failing to do so in the previous two days. The intra-day bias has weakened after falling back below 136 but remains slightly positive with RSI holding above 50. The 100-day moving average is the nearest resistance at 136.44 but EURJPY needs to climb above the September 17 high of 137.43 for a more decisive reversal of trend. The pair has been in [..]

Technical Analysis – EURUSD runs out of steam but maintains bullish outlook

Posted on October 19, 2015 at 1:27 pm GMT

EURUSD fell for a third day on Monday, increasing the downside bias for the near term. RSI is holding just above 50 but the stochastics have fallen sharply as the momentum that took prices to a seven-week high of 1.1494 fades. Medium term indicators remain bullish though with prices still above the Ichimoku cloud and the 200-day moving average. EURUSD would need to surpass the August 24 peak of 1.1713 to maintain the bullish bias that’s been in place since [..]

Technical Analysis – GBPAUD stuck below cloud with downside bias

Posted on October 16, 2015 at 2:25 pm GMT

GBPAUD continued its attempt to claw back losses from its recent correction. But with prices below the Ichimoku cloud and the 50-day moving average, the near term outlook is slightly bearish until additional confirmation that the longer-term uptrend will resume. Also, RSI has yet to cross above 50, suggesting the pair has yet to gain enough positive momentum for a stronger rally. The bottom of the cloud is the nearest resistance level at 2.1328. A rise into the cloud would [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.