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Latest Analysis

XM Research - 1 hour agoBullish

Technical Analysis – BTCUSD reclaims 50-day SMA

BTCUSD jumps to a fresh 1-month high The break above 50-day SMA improves technical outlook Momentum indicators are heavily tilted to the bullish side BTCUSD (Bitcoin) has come under significant buying pressure in the past few sessions, surpassing both its 50- and 200-day simple moving averages (SMAs). On Wednesday, the price stormed to a fresh one-month high a tad above the 66,000 handle before paring some gains.
XM Research - 4 hours agoBearish

EURGBP rises but the outlook remains bearish MACD and RSI suggest bullish move in near term EURGBP rebounded off the two-year low of 0.8382 that was posted during Wednesday’s session, with the technical oscillators confirming an upside reversal. The RSI is sloping upwards after the pullback from the 30 level, while the MACD is trying to regain some ground beneath its trigger and zero lines.
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XM Research - 5 hours agoNeutral

Technical Analysis – EURUSD reaches the midpoint of a long-term downtrend

EURUSD rally slows down near 4-month high Gets bearish vibes, but positive trend is still alive above 1.0900 ECB to hold interest rates steady at 12:15 GMT; Will it signal a second rate cut?   EURUSD took a breather after heightened expectations of a Fed rate cut lifted the pair as high as 1.0947 on Wednesday. The price has been displaying a pattern of higher highs and higher lows in the past three weeks, but its failure to reach the upper band of the bullish channel on th
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XM Research - 5 hours ago

Midweek Technical Look – USDJPY, USDCHF, Oil

USDJPY recoups some losses after drop to 6-week low USDCHF struggles to tumble below 0.8825 WTI crude oil advances after bouncing off 80.50
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XM Research - 5 hours agoBullish

Technical Analysis – WTI oil futures hold above 80.00

WTI futures rebound from a 3-week low Next target for the bulls is the July peak of 84.50 Momentum indicators are cautiously tilted to the upside   WTI oil futures (August delivery) had been in a steady uptrend since early June before experiencing a pullback following their rejection at a fresh two-month high of 84.50. Although the price fell to its lowest level in three weeks, it quickly bounced back as the 80.00 psychological mark acted as a strong floor.
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XM Research - 1 day agoBullish

Technical Analysis – Gold shines at fresh all-time high

Gold ends sideways trajectory; enters uncharted territory Short-term bias positive but overbought signals suggest some caution A close above 2,480 might be necessary to boost buying confidence   Gold bulls powered ahead to finally exit the three-month range and chart an all-time high of 2,482 on Wednesday. The bullish breakout has placed the precious metal back into an uptrend, which may continue to attract buyers in the upcoming sessions.
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XM Research - 1 day agoNeutral

Technical Analysis – GBPUSD hits fresh 1-year high

GBPUSD jumps to fresh 1-year high after UK CPI surprises slightly higher Technical indicators point to overbought conditions following steep rally UK employment figures next on the agenda due on Thursday 06:00 GMT   The UK CPI inflation data on Wednesday gave GBPUSD a slight boost as consumer prices grew by 2.0% instead of the expected 1.9%.
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XM Research - 1 day agoNeutral

Technical Analysis – EURGBP trades to a new 2024 low

EURGBP drops to the lowest level since August 2022 Political unrest and weaker economic data keep the euro under pressure Momentum indicators could point to a reversal soon EURGBP is hovering around the lowest level since August 2022, having recorded a decent correction from the early July local peak. The newfound political stability in the UK is supporting the pound while the euro remains under pressure on the back of the political unrest in France and a series of weaker economic
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XM Research - 2 days ago

Technical Analysis – US 500 index softly up after upbeat retail sales

US 500 stock index maintains muted positive tone Short-term bias on the bullish side; eyes on 5,680   Unlike the US 30 index, the US 500 index could not renew its record rally on Tuesday, retaining a muted positive tone around 5,650. The bulls, however, might still have their chance, especially after the close above the one-year-old resistance line at 5,600. If that floor holds, the price might attempt to push above the short-term ascending line at 5,683 and towards the 5,800-5,860
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XM Research - 2 days agoNeutral

Technical Analysis – Have USDJPY bulls lost the game?

USDJPY finds support near 158.00 after rapid downfall Short-term risk remains in the bearish zone; eyes on 155.00 level US retail sales due for release at 12:30 GMT   USDJPY set a strong foothold near its 50-day simple moving average at 157.90 after last week’s brutal exit out of the 161.00 territory. Note that the pair made a double top pattern near its 38-year high of 161.94 before descending, which typically indicates a bearish continuation.
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XM Research - 2 days agoBullish

Technical Analysis – EURJPY pulls back from 32-year high

EURJPY jumped to its highest since January 1992 last week But corrected lower after suspected Japanese intervention Oscillators weaken but remain above neutral zones EURJPY has been in a steep uptrend since the beginning of the year, storming to consecutive multi-year highs. In the near term, the pair experienced a strong pullback following a suspected currency intervention from Japan last week but already seems on track to erase that latest downward spike.
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XM Research - 3 days ago

Weekly Technical Outlook – EURUSD, GBPUSD, Gold

EURUSD tests June's peak as ECB rate decision looms GBPUSD pauses impressive rally near 1.3000 ahead of CPI data Gold resumes weak momentum after closing above 2,400   US retail sales --> Gold It was a shocking weekend of a failed assassination attempt against Donald Trump, which caused a heated moment in the US political landscape.
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XM Research - 3 days agoBullish

Technical Analysis – Gold’s rally stalls at 7-week high

Gold jumped to its highest level since May 22 last week But fails to extend rally, trading flat in past couple of sessions Despite latest weakness, oscillators remain positively tilted Gold has been experiencing solid gains since late June, with the break above its 50-day simple moving average (SMA) and restrictive trendline brightening the short-term technical outlook.
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XM Research - 3 days agoBullish

Technical Analysis – EURUSD jumps to a fresh 1-month high

EURUSD edges higher after break above SMAs The pair advances to its highest level since June 4 Oscillators suggest that bullish forces are strengthening EURUSD has been in a steady uptrend after the bullish breakout from its downward sloping trendline in place since December 2023. Moreover, the pair conquered both its 50- and 200-day simple moving averages (SMAs), surging to a fresh one-month peak on Friday.
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XM Research - 6 days agoNeutral

Technical Analysis – USDCAD trades sideways as 200-SMA provides support

USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this hurdle. This repeated inability triggered a decisive break below the 50-day SMA on July 3, with the pair trading undecided since then, supported by the 200-day SMA.
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XM Research - 6 days agoBullish

Technical Analysis – GBPJPY hits 20-day SMA after multi-year high

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the bias bullish for now. Technically, the stochastic oscillator is div
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XM Research - 1 week agoNeutral

WTI futures pull back from 2-month high But meet strong support at 50.0% Fibonacci Momentum indicators ease but remain positive   WTI oil futures (August delivery) have been in a steady uptrend since early June, posting a fresh two-month high last week. Although the price experienced a pullback from its recent high, it quickly found support at 81.50, which is the 38.2% Fibonacci retracement of the 95.02-67.97 downleg.
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XM Research - 1 week agoBearish

Technical Analysis – BTCUSD is held down by 200-day SMA

BTCUSD dropped to a fresh 4-month low last week Attempts for recovery hit a wall at 200-day SMA Oscillators improve slightly, but still negatively tilted BTCUSD (Bitcoin) has been experiencing a strong selloff since the beginning of June, retreating to its lowest level since February 27. Although the price managed to find its feet and attempted to recoup some losses, the 200-day simple moving average (SMA) has been acting as an impenetrable ceiling.
XM Research - 1 week ago

Midweek Technical Look – EURUSD, AUDUSD, GBPJPY

EURUSD still finds strong support at 1.0800 AUDUSD posts new 6-month high  GBPJPY records extraordinary bullish rally towards uncharted levels
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XM Research - 1 week agoBullish

Technical Analysis – AUDUSD posts a fresh 6-month high

AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a clear directional impetus. However, in the last few sessions, the bulls have managed to propel the pair above that rangebound structure, sending it to a six-month high on Thursday.
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